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Caption: Board of Trustees Minutes - 1924
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1924] UNIVERSITY OF ILLINOIS 485 FRATERNITY H O U S E PLANS (22) The following resolution: Whereas some misunderstanding has arisen concerning the recommendation of the Council of Administration, presented December 15, 1922, regarding the building of fraternity and sorority houses, the Council suggests that, in order to remove this misunderstanding, the following resolution be substituted: "Inasmuch as all interested in the University—alumni, faculty, students, and other friends—desire to keep the University of Illinois an institution for the people in every sense of the term, and especially in the sense that the cost of living shall be kept, as far as is possible for the University to influence it, low enough to keep attendance at the University, with all opportunities and privileges of student life, open as far as possible to all, irrespective of wealth, the Council of Administration, with the approval of the Board of Trustees, urges the desirability of keeping this thought in mind in the erection of fraternity, sorority, and similar houses for the accommodation of students. The Council suggests, therefore, that plans for such houses be submitted for its approval so far as concerns the arrangements for proper living and study conditions." O n m o t i o n of M r . Trees, this resolution w a s adopted a n d substituted for the action of D e c e m b e r 15, 1922. MEMORIAL STADIUM FUND (23) The Comptroller's report of the Memorial Stadium fund. MEMORIAL STADIUM FUND BALANCE SHEET AS AT M A R C H 31. 191* Assets Cash 3 47 878 13 Due from Pledge Installments (See Schedule C) I 041 112 04 Investments {4th Liberty Loan) 9 650 00 Liabilities and Surplus Property and Equipment Contracts Outstanding (Schedule D) 3 563 054 61 (Cash in Plant ana to Date) Invested DisbursementsEquipment I 112 020 6; Construction in Progress 1 112 000 00 1 112 020 65 Notes Payable SO 020 65 Total Assets $2 210 66b 82 Total Jl 725 075 26 Balance of Pledges (gross) over Expenditures and Contracts 485 S8S 5* Total Liabilities and Surplus ?2 210 660 82 MEMORIAL STADIUM FUND S U M M A R Y OF RECEIPTS A N D DISBURSEMENTS AS AT M A R C H 31, 1924 Receipts Pledges ?I 098 378 12 Miscellaneous Donations £5 846 22 Less Refunds 479 95 536627 31 103 744 39 Interest on Pledges. 1 308 75 Loan from Athletic Association 5° °°° °° Total Receipts $1 171 052 54 Disbursements Office and Collection Expense Salaries and Wages. 993 43 Office Supplies 39 n Telegraph and Telephone 4 00 Postage 257 60 Printing and Stationery 209 6» 1 503 76
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