Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 13]

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BOARD OF TRUSTEES

[July 29

On motion of Mr. Madden, this recommendation was approved by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. Hahn, Mr. Howard, Mr. Madden, Mr. Neal, Mrs. Shepherd; no, none; absent, Mr. Stone, Governor Thompson. (The student advisory vote was: Aye, Mr. Bandala, Mr. Cobb, Miss Forsyth; no, none.)

Recovery of Funds

Mr. Costello, the university counsel, reported briefly on the current state of settlement negotiations in the Parker matter, indicating that the Indiana Insurance Company has not agreed to an acceptable figure. It may be that the University's complaint will be amended to ask for damages to obtain lost interest income and legal fees as well. At this point, the Board of Trustees recessed to convene the meeting of the Buildings and Grounds Committee.

MEETING AS A COMMITTEE OF THE WHOLE

The Board of Trustees reconvened as a meeting of the Committee of the Whole at 10:15 a.m., a meeting devoted to a presentation of preliminary budget requests figures for both operating and capital funds for Fiscal Year 1984. President Ikenberry reviewed the financial situation for the coming year, indicating that the general solution to present difficulties could only lie in a greater amount of state support in the University's base budget and that he believed the General Assembly and state officials, as well as the people at large, were strongly in support of the University and its objectives. Executive Vice President Brady and his staff reviewed the document, "Review of Preliminary Budget Request for Operating and Capital Funds, Fiscal Year 1984 (For Discussion Only)," presented to the board; and spokesmen from each of the campuses discussed the programmatic requests of the campuses. Some of the details of the document will require adjustment in the light of the final University appropriation for the new fiscal year but the general plan as presented will be the request as submitted to the Board of Higher Education and to the Board of Trustees in September.1 At this point, the Board of Trustees recessed to convene the quarterly meeting of the Finance Committee. (Mr. Neal left the meeting at this time.)

BOARD OF TRUSTEES' MEETING RECONVENED

The Board of Trustees' regular meeting reconvened at 11:40 a.m.

MINUTES APPROVED

The secretary presented for approval the press proof of the minutes of the

1 The board met as a Committee of the Whole on the previous day (Wednesday, July 28), to receive a year-end report regarding the financial condition of the University of Illinois Hospital in Chicago. Vice Chancellor Alexander M. Schmidt presented the report, "University of Illinois Hospital Performance Report, May 1982/' The report is filed with the secretary for record.