Repository: UIHistories Project: Board of Trustees Minutes - 1988 [PAGE 405]

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1987]

UNIVERSITY OF ILLINOIS

395

President's Report University Financial Situation President Ikenberry reviewed the recent weeks of difficulty in reducing budgets and expressed doubt that in the forthcoming fall session of the General Assembly any significant funds will be restored to higher education. H e said that now it had become essential to develop a coalition, particularly of policy leaders in education, as early as possible. T h e intent would be to make vigorous efforts to acquaint the public with the degree of stress now bearing upon higher education and education at all levels in Illinois; to communicate aggressively with the members of the General Assembly; and, to develop a revenue package focused sharply on the needs of education. T h e effort should be directed especially to the period, January through March of next year. Trustees expressed interest and willingness to help and it was agreed that a position paper providing factual information for such a purpose would be provided at the November meeting. OLD AND NEW BUSINESS Mrs. Shepherd reported that planning now was underway for the Big Ten Trustees' meeting to be held at the U r b a n a campus on J u n e 26-27, 1988. A planning meeting of representatives of the several boards will be held in December in Chicago. REGULAR AGENDA T h e board considered the following reports and recommendations from the president of the University. Annual Operating Budget for Fiscal Year 1988 (4) The University budget for operations for the fiscal year beginning July 1, 1987, is submitted herewith in the document entitled "Budget Summary for Operations, FY 87-88." (A copy of the document has been filed with the secretary of the board for record.) The budget has been prepared by the acting vice president for academic affairs and the vice president for business and finance based upon recommendations of: (a) the chancellors, after consultation with their respective deans, directors, and other campus officers; and (b) the president of the University. The allocation of funds follows general policies and priorities developed by these reviews and was recommended by the University Planning Council. The budget includes the income estimated from the tuition increase authorized by the board at its September 1987 meeting. The expenditure authorization of such funds is subject to their appropriation to the University during this fiscal year. I recommend that this budget, covering the allocation of the estimated operating income from all sources for the year beginning July 1, 1987, be approved by the Board of Trustees; and that the president of the University be authorized, in accord with the needs of the University and the equitable interests involved, and within total income as it accrues to make such adjustments in items included in the budget as are needed, such adjustments to be covered in periodic reports to the Board of Trustees.