Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 126]

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116

BOARD OF T R U S T E E S

[October

9

The purchases were presented in one category — purchases from institutional funds. The term designates funds received by the University under contracts with the United States government, private corporations, and other organizations; grants from foundations, corporations, and other donors; and University revolving funds authorized by law. The total amount of these purchases from institutional funds was $1,947,210.18. A complete list of the purchases, with supporting information (including the quotations received), was sent to each member of the board in advance of the meeting. A copy is being filed with the secretary of the board tfor record. O n m o t i o n of M r s . Gravenhorst, t h e purchases r e c o m m e n d e d were authorized by t h e following v o t e : Aye, M r s . D a y , M r . Forsyth, Mrs. Gravenhorst, M r . H a h n , M r . H o w a r d , M r . L o g a n , M r . M a d d e n , M r s . Shepherd, M i s s S m i t h ; n o , n o n e ; absent, G o v e r n o r T h o m p s o n . ( T h e student advisory v o t e w a s : Aye, M r . Filip, M r . Starkeson; n o , none.) Comptroller's Monthly Report of Contracts Executed (20) The comptroller submitted the October 1986 report of contracts. The report included contractual agreements for payments to the University and contracts in amounts up to $50,000, to be paid by the University. A copy of this report is filed with the secretary. T h i s report w a s received for record. Report of Investment Transactions through September 12, 1986 (21) The comptroller presented the investment report as of September 12, 1986. Date Number Description Cost/Yield Amount

Transactions under Finance and Audit Committee Guidelines Sales: 7/1 1 900 shares Associated Dry Goods common stock $ 82 883 70 $ 123 8/7 $ 1 000 Tenneco demand notes 1 000 00 1 8/18 211 000 General Motors Acceptance demand notes 211 000 00 211 8/21 1 000 Eli Lilly demand notes 1 000 00 1 8/21 2 000 Southwestern Bell Telephone demand notes 2 000 00 2 8/22 7 000 Salomon demand notes 7 000 00 7 8/22 11 000 Southwestern Bell Telephone demand notes 11 000 00 11 8/25 3 000 General Motors Acceptance demand notes 3 000 00 3 8/26 5 000 General Motors Acceptance demand notes 5 000 00 5 8/27 9 000 General Motors Acceptance demand notes 9 000 00 9 8/28 6 000 General Motors Acceptance demand notes 6 000 00 6 8/29 15 000 Salomon demand notes 15 000 00 15 9/11 6 900 shares Southern Company common stock 146 854 86 180 9/11 $ 95 000 Salomon demand notes 95 000 00 95 9 / 1 2 2 600 shares Pacific Telecommunications common stock 29 395 09 39

699 74 000 00 000 00 000 00 000 00 000 00 000 00 000 00 000 00 000 00 000 00 000 00 635 96 000 O O 000 00