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Caption: Board of Trustees Minutes - 1932
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I932] UNIVERSITY OF ILLINOIS Schedule H SUMMARY OF EXPENDABLE TRUST FUNDS AS AT DECEMBER 31, 1931 Total Credits disbursements Encumbrances 525 Free Balance December 31m *93i Professorial and Lectureship Endowment Income.,..., $ 3 971 54 $ 1 777 72 $ 2 193 82 Student Loan Endowments Income (Sub2 257 77 $ 15 30 2 444 42 I 125 00 334 52 3 240 35 750 06 ject to annuity) 365 35 23 80 14 64 582 10 Scholarship, Fellowship and Prize En4 3<J9 42 9 53° 21 99 109 81 5 236 38 31 946 36 dowments Income 4 717 49 5 7<JI 25 17 3° 32 277 03 7 735 38 787 85 50 534 63 Miscellaneous Endowments Income 5 084 58 Building and Improvement Gifts.. • 620 54 Scholarship^ Fellowship, and Prize Gifts 13 839 63 Research Gifts 136 29a 55 Appendix Other Expendable Funds. 37 995 58 STATEMENT OF MEMORIAL STADIUM FUND Deposit Funds 59 Q57 86 _______^_ A S A T D E C E M B E R 31, 1931 Grand Total $261 945 13 $122 374 67 $6 07' 47 $133 498 98 Cash Balance, July 1, 1931 $1 042 33 Receipts, July 1 to December 31: From Subscriptions. $214 00 From Interest on Pledges 1 00 From Office Collection Expense Refunded by the Athletic Association 127 71 342 71 s 1128 65 $ 385 04 Cash Balance, December 31, 1931 Disbursements, July 1 Association for $ 25 365 00 Advanced by Athletic to December 31: Completion of Stadium. For Office Pledges 121 39 $482 291 69 Uncollected Collection•Expense For Payments on Borrowed Money 1 135 °o I g56 39 T h i s report w a s received for record. STADIUM FUND (13) The Comptroller calls attention to the fact that the Treasurer of the University has been serving since September 13, 1922 (Minutes, page 285), as Treasurer of the Stadium Fund which the Board of Trustees agreed on October 12, 1921, to accept and handle. The Treasurer used the First National Bank of Champaign as the depository for this fund. At the time of the closing of the Bank on January 16, 1932, the balance in that fund was $243.65. This report was received for record. REPORT ON PURCHASE OF SECURITIES (14) O n January 13, 1932 (Minutes, page 506), the Board authorized the purchase of $2500 of Houston Power and Light 5 % bonds of 1953 at a price not to exceed 95. The Comptroller reports that $500 of these bonds were purchased at that price just at the time the First National Bank of Champaign closed and in view of that incident he asked that the remainder of the order be held for further word. It now appears that in view of the plans of the Department of Physical Education for W o m e n to use approximately $3,000 of the M a y Fetes fund, which for several years has been invested in securities, it may not be possible to make any additional investments of endowment funds at this time. This report w a s received for record. C. P. A. CERTIFICATES (iS) A recommendation from the Committee on Accountancy that the certificate of Certified Public Accountant be awarded the following candidates who
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