Repository: UIHistories Project: Board of Trustees Minutes - 1936 [PAGE 662]

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i936l

UNIVERSITY OF ILLINOIS

659

Mr. Barrett reported that the Committee has approved the recommendation of the Director of the Physical Plant Department: (1) that the present policies on the Dental Building be permitted to lapse as they expire, and (2) that the companies carrying the insurance on the College of Pharmacy buildings at 701-11 and 721-25 South Wood Street be requested to appraise these properties and that the insurance on them be based upon such valuations. On motion of Mr. Barrett, this report was approved.

SALE OF ROSELAWN CEMETERY PROPERTY Mr. Barrett, for the Committee on Buildings and Grounds, presented a recommendation that the University sell its holdings in Roselawn Cemetery and use the proceeds for the purchase of other desirable property. On motion of Mr. Barrett, this recommendation was adopted.

MATTERS PRESENTED BY PRESIDENT WILLARD

The Board resumed its consideration of matters presented by the President of the University.

BUDGET FOR 1 9 3 6 - 1 9 3 7

(30) A recommendation that the following budget for salaries and wages and other expense for the fiscal year beginning July 1, 1936, and the academic year beginning September 1, 1936, be approved and that the President of the University be authorized to make such changes and adjustments as are needed, to make such additional appointments as are necessary, and to accept resignations offered, in accordance with the needs of the University and the equitable interests involved. On motion of M r . Barrett, the budget for salaries and wages was approved as presented and authority was granted as requested, by the following vote: Aye, M r . Barr, Mr. Barrett, M r s . Freeman, Mr. K a r raker, Mr. Mayer, Dr. Meyer, Mr. Wieland, Mr. W i l l i a m s ; no, n o n e ; absent, M r . H o r n e r , M r s . Plumb, M r . Pogue. T h e Comptroller presented the following summary statement: The income of the University is of two types: (1) That in which the specific purposes for which it may be used are designated by the Federal or State government or by some private party. Such items include most of the Federal appropriations, certain State appropriations, incomes from endowments given by individuals, and gifts to be used for specific purposes. (2) That which may be allocated by the Board to any activity which it may decide. Under this heading are included the general State appropriations, certain Federal grants, student fees, and income from certain departmental operations. In some cases, such as the Agricultural activities, it is the policy of the Board to allocate these incomes to the support of the activities to which they relate. The total budget for 1936-1937 amounts to $6,692,811 (page 662) as compared with a budget of $6,582,710 for the previous year. The latter figure includes additional Federal funds for Agricultural research and extension received after the original 1935-1936 budget was approved. These figures cover the estimated income of the University from all sources and for all purposes during the year. They include the income from student fees, State appropriations, Federal grants, endowments, gifts for special purposes, gross receipts of residence halls, farms, and other activities. Funds included in the budget which are restricted as to use and are applied only to the purposes for which they are designated amount to $1,159,154 (page 662). The remaining income is available for allocation by the Board of Trustees and constitutes the general income of the University for the period