Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 211]

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1987]

UNIVERSITY OF ILLINOIS

201

Purchases

(15) The president submitted, with his concurrence, a list of purchases recommended by the directors of purchases and the vice president for business and finance. The purchases were presented in two categories: purchases from appropriated funds (i.e., from State appropriations to the University); and purchases from institutional funds. The latter terms 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 amounts of these purchases were: From Appropriated Recommended From Institutional Recommended Grand Total Funds $ Funds 3 095 808 78 $3 393 792 78 297 984 00

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 for record. O n m o t i o n of M r . Wolff, the purchases r e c o m m e n d e d were a u t h o rized by the following v o t e : Aye, Mrs. Calder, 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 , Mrs. Shepherd, Miss Smith, M r . Wolff; no, n o n e ; absent, Governor T h o m p s o n . ( M r . L o g a n asked t o be recorded as not v o t i n g o n purchase i t e m n o . 11.) ( T h e student advisory v o t e w a s : Aye, M r . Filip, M r . Starkeson; n o , none.)

Report of Finance and Audit Committee on Treasurer's Bond

(16) The Finance and Audit Committee report that the University has obtained a treasurer's bond in the amount of $5,000,000 with the Lumbermans Mutual Casualty Company as surety and Bernard T. Wall as principal. The Finance and Audit Committee has accepted the bond and reports its receipt for record. T h i s report w a s received for record.

Comptroller's Monthly Report of Contracts Executed

(17) The comptroller submitted the February 1987 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.

Quarterly Report of the Comptroller

(18) The comptroller presented his quarterly report as of December 31, 1986. A copy has been filed with the secretary of the board. T h i s report w a s received for record.