Repository: UIHistories Project: Board of Trustees Minutes - 1986 [PAGE 66]

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1984]

UNIVERSITY OF ILLINOIS

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Amendment of Bylaws, Athletic Association of the University of Illinois at Urbana-Champaign

(7) T h e bylaws of the Athletic Association of the University of Illinois at UrbanaChampaign require that the assignment of funds in excess of $25,000, not included in its annual budget for new projects or nonrecurring capital expenditures, be approved by the association's Board of Directors and transmitted to the Board of Trustees for approval. The trustees on March 15, 1984, increased the dollar limits on purchases, leases, and contracts requiring specific board authorization to $50,000. By custom, this action has been tied to similar action involving trustee approval of association budgetary assignments as dsecribed above. The Board of Directors of the Athletic Association on July 21, 1984, approved the adoption of the following amendment, subject to further action by the Board of Trustees. 1 Article V I I , Section 1 (b) Assignment of funds not included in the annual budget for new projects or nonrecurring capital expenditures in excess of [$25,000] $50,000 shall be approved by the Board and transmitted to the Chancellor/President/ Trustees for consideration and approval. T h e chancellor at Urbana-Champaign has recommended approval of the amendment. I concur. O n m o t i o n of M r . L o g a n , this r e c o m m e n d a t i o n a n d t h e p r o p o s e d revision of Article V I I , S e c t i o n 1, of t h e A t h l e t i c Association b y l a w s were approved.

Budget for Fiscal Year 1985, Athletic Association of the University of Illinois at Urbana-Champaign

(8) The director of intercollegiate athletics has submitted, on behalf of the Board of Directors of the Athletic Association, the budget for the association for 19841985 which is summarized as follows with comparable figures for the preceding year: 1983-1984 1984-1985 Estimated income from Athletic Association activities. . $7 531 546 $8 424 715 Appropriations 7 629 771 8 424 715 Unappropriated budget income or (assigned from accumulated surplus) $ (98 225) $ -0The budget has been reviewed and approved by the chancellor at UrbanaChampaign and by the vice president for business and finance. I recommend that this budget be approved within the limits of and not to exceed funds available, and that the Board of Directors of the Athletic Association be authorized to make such changes and adjustments, including approval of new appointments and acceptance of resignations, as are necessary within the total income and surplus of the association, provided that the assignment of funds for new projects or nonrecurring capital expenditures in excess of $50,000 shall be presented to the Board of Trustees for approval.

On motion of Mr. Howard, this recommendation was approved and authority was given as recommended by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Logan,

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