Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 290]

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280

BOARD OF TRUSTEES

[May 14

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 $2,798,474. 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. On motion of Miss Smith, the purchases recommended were authorized by the following vote: Aye, Mrs. Galder, Mr. Forsyth, Mrs. Gravenhorst, Mr. Hahn, Mr. Howard, Mr. Logan, Mrs. Shepherd, Miss Smith, Mr. Wolff; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Filip, Mr. Starkeson; no, none.) Comptroller's Monthly Report of Contracts Executed (34) The comptroller submitted the May 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. This report was received for record. Quarterly Report of the Comptroller (35) The comptroller presented his quarterly report as of March 31, 1987. A copy has been filed with the secretary of the board. This report was received for record. Comptroller's Report of Investment Transactions through April 15,1987 (36) The comptroller presented the above report which includes transactions under Finance and Audit Committee guidelines and transactions under the comptroller's authority. A copy of this report is filed with the secretary of the board. On motion of Miss Smith, this report was approved as presented. SECRETARY'S REPORT The secretary presented for record appointments to the faculty and changes of status made by the president, resignations, terminations, leaves of absence, and retirements. A copy of the report is filed with the secretary. ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD President Howard called attention to the schedule of meetings for the next few months: June 11, Urbana-Champaign; July 9, Chicago; September 10, Chicago.