Repository: UIHistories Project: Board of Trustees Minutes - 1928 [PAGE 342]

EXTRACTED TEXT FROM PAGE:

1927]

UNIVERSITY OF ILLINOIS THE BUDGET FOR 1927-28

339

(12) The budget for the year beginning July I, 1927, with a request that the budget be approved and that the President be authorized to make such minor changes and adjustments as m a y be necessary, to make necessary additional appointments in accordance with the general salary scale, and to accept resignations which m a y be offered. Explanatory Notes Departmental appropriations are made under the captions "Salaries" and"Expense and Equipment." Unless otherwise indicated, no transfers m a y be made between these appropriation captions except with the approval of the President of the University. Appropriations for Salaries are available for the term indicated in each case but not for more than one year from September I. All balances lapse at the end of the term indicated or at August 31. Funds appropriated for positions in the salary budget which are not yet filled may, pending regular appointments, be drawn against for services of employees temporarily engaged to do the work contemplated by the position and for no other purpose. W h e n appointments are made at salary rates less than the amounts provided in the budget, the unused funds will not be available for use except with the approval of the President. Appropriations for Expense and Equipment are available for one year beginning July I and ending June 30. These appropriations are based on an estimated distribution of expenditures according to the various budget classifications of "Wages, Office Expense, etc." Expenditures must be made in approximate accord with that distribution, material departure from which must be approved in advance by the Dean of the College concerned, the Director of the general department concerned, or the corresponding general officer, and in all cases by the Comptroller. All unencumbered balances in these appropriations lapse June 30.

ESTIMATED BUDGET INCOME

I. State Appropriations for Operation, Maintenance, and Equipment Salaries and Wages $3,275,000.00 Office Expense 140,000.00 Travel 40,000.00 Operation 465,000.00 Repairs 160,000.00 Equipment 290,000.00 Improvements other than buildings 130,000.00 $4,500,000.00 II. State Appropriations for: Cook County Experiment Station (Agriculture) $ 15.000.00 Journalism 15,000.00 30,000.00 III. Federal Grants Interest on Endowment Fund (Land Grant of 1862 paid by State) $ 32,450.66 Morrill and Nelson Acts 50,000.00 Hatch & Adams Act (Agriculture) 30,000.00 Smith-Hughes Act (State Board of Vocational Education) 17,000.00 Smith-Lever (Agriculture) 228,495.98 Purnell Act (Agriculture) 40,000.00 397,946.64 IV. Student Fees 850,000.00 V. McKinley Endowment (Economics) 7,000.00 VI. Miscellaneous Income 75,000.00 VII. Agricultural Sales 253,327.00 Total Estimated Budget Income $6,113,273.64 Proposedfor Reserve and Contingencies Balance Appropriations $5,936,899.40 i76,374-24