Repository: UIHistories Project: Board of Trustees Minutes - 1938 [PAGE 685]

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I938]

UNIVERSITY OF ILLINOIS

683

SUMMARY O F INTERNAL BUDGET FOR 1 9 3 8 - 1 9 3 9 The estimated income for the fiscal year 1938-1939 as shown by the attached summary is $8,011,580. For the current year 1937-1938 the budget estimate of income was $7,919,074 (Board Minutes, August 2, 1937, page 366) and the probable actual income will be $7,945,324. T h e estimated income for the coming year therefore is $66,256 greater than for 1937-1938, the difference appearing chiefly in Federal funds and in student fees. T h e budget of expenditures for 1938-1939 totals $7,972,121, made up as follows: Salaries and wages Expense and equipment $6 238 235 1 733 886

T h e total proposed expenditures for 1938-1939 a r e $7,972,121, which, taken from an estimated income of $8,011,580, leaves a reserve for adjustments and contingencies of $39,459. T o this reserve will be added any unencumbered balance which may remain at the close of the current fiscal year. T h e increases represented by this budget over the budget for 1937-1938 as it now stands are as follows: Salaries and wages $126 655 Regular expense and equipment 27 747 Special non-recurring items —88 740 Net increase $ 65 662

T h e increase in salaries and wages is made up of the following principal items: Auxiliary Enterprises, Endowment Income, and Gifts

Educational and General Budget Total Addition of 50 persons to salaried staff $ 84 320 $ 84 320 Replacement of equivalent of 11 full-time persons in lower grades by persons of greater experience and higher rank 8 400 8 400 Increases in salaries of present staff (238 persons) 40 354 $ 300 40 654 New retirements less retiring allowances released through death (9 new retirements) 9 484 9 484 Other salary budget adjustments —5 857 — 5 857 Adjustments to wages items 6 369 —16 715 —10 346 Total $143 070 $ — 16 415 $126 655 A list of proposed increases of $200 or more to salaries of present staff appears in a schedule filed with the Secretary of the Board for record. Increases in the expense and equipment budget are made up of the following principal items: Physical Plant Department: Heat, light, and water $17 300 Other items 2 100 Dairy Creamery—Expense and equipment 2 400 Military Department—Supplies and equipment 2 000 Home Economics Department—Supplies and e q u i p m e n t . . 3 300 Physics Department—Supplies and equipment 2 000 In the budget of the current year there were appropriations of a special and nonrecurring character amounting to $88,740. Such appropriations are omitted from the proposed budget for 1938-1939, so t h a t the budget is made up entirely of sums necessary for current operation and maintenance.