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Caption: Board of Trustees Minutes - 1924
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1924] UNIVERSITY OF ILLINOIS 523 present: President Noble, Mr. Armstrong, Mrs. Blake, Mrs. Busey, Mrs. Evans, Mrs. Grigsby, Mr. Trees. President Kinley was present. MATTERS PRESENTED BY PRESIDENT KINLEY The Board considered the following matters presented by the President of the University. THE BUDGET FOR 1924-25 (1) The budget for thefiscalyear July 1, 1924, to June 30, 1925, with the request that the budget be approved and that the President of the University be authorized to make such minor changes and adjustments as may be necessary, and to make necessary additional appointments in accordance with the general salary scale. O n motion of M r s . Busey, the budget w a s approved as printed below, and authority w a s granted to the President of the University to m a k e adjustments and appointments as requested. T h e vote w a s as follows: A y e , M r . Armstrong, M r s . Blake, M r s . Busey, M r s . Evans, M r s . Grigsby, M r . Noble, M r . Trees; no, none; absent, M r . Blair, M r s . Ickes, M r . Small, M r . Trimble. Explanatory Note Departmental appropriations are made under the caption "Salaries" and "Expense and Equipment" unless otherwise indicated. N o transfers may be made between these appropriation captions except with the approval of the President of the University. Appropriations for Expense and Equipment in departments of colleges are made as a tentative distribution subject to adjustment by the Dean of the College within the total for the college. The Dean will indicate at the opening of the year the preliminary assignments to departments, and make such further adjustments during the year as are necessary. ESTIMATED BUDGET INCOME I. State Appropriations for Operation, Maintenance, and Equipment Salaries and Wages $2 900 000 Office Expense 140 000 Travel 40 000 Operating 440 000 Repairs 125 000 Equipment 250 000 Improvements other than Buildings 105 000 #4 000 000 II. Federal Grants Interest on Endowment Fund (Land Grant of 1862, paid by State) $ 32 45°-°° Morrill and Nelson Acts So 000 Hatch and Adams Act (Agriculture) 30 000 Smith-Hughes Act (State Board of Vocational Education) 15 000 Smith-Lever (Agriculture) 228 495-98 $355 946.64 III. Student Fees $660000 IV. McKinley Endowment (Economics) J 7000 S V. Miscellaneous Receipts $ 60 000 VI. Agricultural Receipts * « 8 995 Total Estimated Budget Income ?S 3 » 94'°4 Proposed Appropriations (See Summary).. $5 246 299.98 Balance for Reserve and Contingencies $ 65 641.66
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