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Caption: Board of Trustees Minutes - 1936
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192 BOARD OF TRUSTEES [May 18 On motion of Mr. Barrett, it was voted that when the Board adjourns, it do adjourn to meet at the Blackstone Hotel, in Chicago, at noon on Saturday, May 18, 1935. The Board adjourned. H. E. CUNNINGHAM WALTER W. WILLIAMS Secretary President A D J O U R N E D SESSION, MAY 18, 1935 When the Board convened on Saturday, May 18, 1935, at noon, at the Blackstone Hotel, in Chicago, the following members were present: President Williams, Mr. Barr, Mr. Barrett, Mrs. Freeman, Mr. Mayer, Dr. Meyer, Mrs. Plumb, Mr. Pogue. President Willard was present; also Professor Morey and Mr. Janata. MATTERS PRESENTED BY PRESIDENT WILLARD The Board considered the following matters presented by the President of the University. STATE BUDGET FOR 1 9 3 5 - 1 9 3 7 ( i ) The following summary has been prepared by the Comptroller showing the effect of the latest discussions concerning the budget for 1935-1937: There are submitted herewith two schedules giving the effect of the latest discussions concerning the biennium budget. The first schedule presented the University budget for the biennium as proposed by the Governor on May 10 to the Board of Trustees. No capital items were included. The Governor proposed to take the total amount recommended by Messrs. Charters and Andersen (the Budget Survey Commission), deduct $100,000 now available in the contingent fund, finance the remainder as far as possible from University income (revolving fund) and from the University mill tax fund, using the entire present and anticipated surplus of the latter. The remaining amount necessary would be provided by an appropriation from the general revenue fund. On this basis the amount of the general appropriation from that fund would be only $2,970,000 for the biennium, as compared with $4,010,000 present appropriation and $6,530,000 for 1929-1931. The second schedule presented the complete budget of the University for which State appropriations must be made. This budget, based on the tentative actions of the Board to date, is the same in total as Schedule B of April 29 which was submitted to the Board and to the Governor on May 10, plus the proposed capital appropriations for library stacks and mining laboratory addition, $400,000. The schedule shows both the present and the proposed appropriations from each fund to cover this budget. The appropriation from the general revenue fund would be the same as at present. The appropriation from the mill tax fund would be the same as at present, plus the present surplus in the fund and an estimate of $400,000 (about one-third) from old taxes. LLOYD MOREY Comptroller
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