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Caption: Board of Trustees Minutes - 1986
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34 BOARD OF TRUSTEES [July 19 Howard, Mr. Logan, Mr. Madden, Mr. Stone; no, none; absent, Mrs. Shepherd, Governor Thompson. (Mr. H a h n asked to be recorded as not voting.) ( T h e student advisory vote was: Aye, M r . Lamm, Mr. Pittman; no, none.) Purchases (38) 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 list of purchases was presented in two categories: purchases from appropriated funds (i.e., from State appropriations to the University) and purchases from institutional funds. The latter 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 amounts of these purchases were: From Appropriated Funds Recommended $ 371 058 95 From Institutional Funds Recommended Grand Total 8 758 487 73 $9 129 546 68 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 motion of Mr. Madden, the purchases recommended were authorized by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. H a h n , Mr. Howard, Mr. Logan, Mr. Madden, Mr. Stone; no, none; absent, Mrs. Shepherd, Governor Thompson. (Mr. Logan asked to be recorded as not voting on purchase item no. 25.) ( T h e student advisory vote was: Aye, Mr. Lamm, Mr. Pittman; no, none.) Comptroller's Monthly Report of Contracts Executed (39) The comptroller submitted the July 1984 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. Report of Investment Transactions through June 30,1984 (40) The comptroller presented the investment report as of June 30, 1984. Transactions under Finance and Audit Committee Guidelines Number Description Cost/Yield Amount 52 976 00 $ 40 122 82 48 732 77 61 908 18 Date Sales: 6/4 2 200 shares Telex Corporation common stock $ 6/7 575 shares International Business Machines common stock
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