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Caption: Board of Trustees Minutes - 1938
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1936] UNIVERSITY OF ILLINOIS IOI S E S S I O N O F O C T O B E R 27, 1936 W h e n the Board convened at t h e Blackstone Hotel, in Chicago, at ten o'clock a.m. on Tuesday, October 27, 1936, the following members were present: President K a r r a k e r , M r . Barrett, M r s . Freeman, M r . Mayer, D r . Meyer, M r s . Plumb, M r . Pogue, M r . Wieland, M r . Williams. President Willard w a s p r e s e n t ; also Professor Morey and M r . Janata. EMPLOYMENT OF AUDITORS Mr. Mayer, for the Finance Committee, presented a recommendation that the firm of A r t h u r Andersen & Co. be employed to examine the accounts of the University and of the Athletic Association for the current fiscal year at the present rate of compensation. On motion of M r . Mayer, this recommendation w a s adopted. LEGISLATIVE BUDGET FOR 1 9 3 7 - 1 9 3 9 T h e B o a r d proceeded to t h e consideration of t h e preliminary draft of the budget for the next biennium to be presented to the State Department of Finance on November i according to law. President Willard made a preliminary statement and requested the Comptroller to present t h e financial and statistical data connected with the budget for the next t w o years. T h i s w a s done in detail. During the presentation, M r . B a r r took his place with t h e Board, and D r . Meyer and M r . Wieland withdrew. SUMMARY OF UNIVERSITY BUDGET FROM STATE APPROPRIATIONS FOR BIENNIUM, 1937-1939 By Object: Salaries and wages $11 218 529 Expense, equipment, and minor improvements.... 3 146 102 Capital additions 1 585 000 Contingent fund 200 000 Total $16 149 631 By Funds: State tax revenues: 1 Mill Tax fund General Revenue fund * Total $12 404 102 Federal funds reappropriated 295 529 University revolving fund 3 450 000 Total, State Budget $16 149 631 O n motion of M r . Williams, the President of the Board w a s requested to appoint a special committee (of which h e should be chairm a n ) to study the permanent allocation of t a x funds to maintain the current operating expense of t h e University, and to take steps to secure legislation to put this in effect. President K a r r a k e r appointed M r . Mayer, M r . Williams, t h e Comptroller, and the University Counsel to act with him on this committee. distribution to be determined later.
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