Repository: UIHistories Project: Board of Trustees Minutes - 1938 [PAGE 844]

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842

BOAKD OF TRUSTEES

[June 9

ROBBERY IN THE DISPENSARY OF T H E COLLEGE OF MEDICINE (29) A report from the Comptroller of a robbery which occurred in the Research and Educational Hospital on the afternoon of May 5 when three masked bandits entered the office of the chief clerk of the Hospital, forcing him to turn over about $70 in cash and later forcing the University's Dispenary cashier on the same floor to give up the amount of cash in his office at the time, namely, $37-85. It is the practice to transfer receipts daily from this office, as well as all other University offices at which money is collected, to the Business Office. T h e day's collections had been prepared in a separate package for transmittal, and this was overlooked by the bandits. T h e University carries insurance against such losses. T h e insurance company has made an examination, confirmed the report of loss, and will reimburse the University. T h i s report w a s received for record. BUDGET FOR THE ATHLETIC ASSOCIATION FOR 1 9 3 8 - 1 9 3 9 (30) T h e budget of the Athletic Association, showing the estimated income and expenses for the fiscal year July 1, 1938, to June 30, 1939, is presented herewith as required by the by-laws of the Association; copies are being filed with the Secretary of the Board and the Comptroller for record. Estimated Income.—The estimated total income is $198,050. T h e income for the current year, according to the latest financial statement from the Athletic Association, is $224,732 as compared with an estimate of $186,155. Estimated Expense.—The estimated expenditures for the coming year are $190,756. T h e budget of operating appropriations for the current year, including changes made during the year, is $188,002, while the actual expenditures will be about $184,000. Non-recurring appropriations for the current year total $45,500, including Ice Rink repairs, cover for football field, and special repairs of the Stadium. Surplus.—At the beginning of the current year the Association had an operating surplus of $67,480. T h e present estimate of surplus at the close of the year is $55,000 (this is after setting aside a reserve to pay the contingent liability of the Association for Federal tax on admissions). T h e estimated excess of income over expenditures for the coming year as per the budget submitted is $7,294. T h e budget appears to have been drawn, therefore, on a conservative basis, and the financial position of the Association is satisfactory. Salaries payable jointly by the University and the Association are correctly stated in accordance with the University budget approved in April. T w o corrections appear as to items paid entirely by the University, items 14 and 28, page 29. I recommend that this budget be referred to the Finance Committee for consideration, and pending its report that it be tentatively approved, subject to any changes or adjustments which the Board, on recommendation of the Committee, may direct.

This budget was tentatively approved and referred to the Finance Committee for study and report, as recommended.

GIFTS T O THE UNIVERSITY (31) A report of the following gifts received by the Universitv since the last report: 1. T h e F e r r o Enamel Corporation, Cleveland, Ohio, $1,000 for the continuation during 1938-1939 of its fellowship in Ceramic Engineering. 2. T h e Illinois Bell Telephone Company, 738 telephone directories, including most of those issued for Illinois cities and towns, but including also a large number of directories for cities and towns outside this State, to the University Library. 3. Members of the staff and students in the Department of Botany, a portrait of Professor C. F . Hottes, H e a d of the Department, who will retire at the end of the present academic year, painted by Miss Miriam Buchholz, to be hung in the Natural History Library.