UIHistories Project: A History of the University of Illinois by Kalev Leetaru
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Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 447]

Caption: Board of Trustees Minutes - 1986
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436

BOARD OF TRUSTEES

[November 14

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 $ 197 889 62 From Institutional Funds Recommended 6 692 756 81 Grand Total $6 890 646 43 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 Mrs. Gravenhorst, the purchases recommended were authorized by the following vote: Aye, Mrs. Day, Mr. Forsyth, Mrs. Gravenhorst, Mr. H a h n , Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd; no, none; absent, Miss Smith, Governor Thompson. (The student advisory vote was: Aye, Mr. Becker, Mr. L a m m ; no, none.)

Comptroller's M o n t h l y Report of Contracts Executed

(29) The comptroller submitted the November 1985 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

(30) The comptroller presented his quarterly report as of September 30, 1985. This report was received for record. A copy has been filed with the secretary of the board.

Report of Investment Transactions through October 15,1985

(31) The comptroller presented the investment report as of October 15, 1985.

Transactions under Finance and Audit Committee Guidelines

Date Number Description Cost/Yield Sales: 9/26 1 900 shares First Data Resources common stock $ 32 284 26 $ 9/26 2 400 shares Santa Fe Southern Pacific common stock 58 428 45 9/26 800 shares Sperry Corporation common stock 35 082 51 10/7 $ 29 000 Ford Motor Credit demand notes 29 000 00 10/9 4 000 shares Chevron common stock 134 801 35 10/10 $ 145 000 Ford Motor Credit demand notes 145 000 00

Amount 71 725 00 76 905 43 39 434 68 29 000 00 155 755 80 145 000 00