Caption: Board of Trustees Minutes - 1984
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1983] UNIVERSITY OF ILLINOIS 405 chases from institutional funds. T h e 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. T h e total amounts of these purchases were: From Appropriated Recommended From Institutional Recommended Grand Total Funds $ Funds 1 836 463 65 $2 006 006 65 169 543 00 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 m o t i o n of M r . H o w a r d , t h e p u r c h a s e s r e c o m m e n d e d w e r e a u t h o rized b y t h e following v o t e : Aye, M r s . D a y , D r . D o n o g h u e , M r . F o r s y t h , Mr. Hahn, Mr. Howard, Mr. Logan, Mr. Madden, Mrs. Shepherd, Mr. Stone; no, n o n e ; absent, Governor T h o m p s o n . ( T h e student advisory vote w a s : Aye, M r . Bolen, M r . M i l k i n t ; no, none.) Report of Purchases Approved by the Vice President for Business and Finance (19) T h e vice president for business and finance also submitted a report of purchases approved by him on recommendation of the directors of purchases in amounts of $20,000 to $25,000, and a report of bids taken by the Illinois Educational Consortium for generic commodities. A copy of this report is filed with the secretary. T h i s r e p o r t w a s r e c e i v e d for r e c o r d . Comptroller's Monthly Report of Contracts Executed (20) The comptroller submitted the October 1983 report of contracts. T h e report included contractual agreements for payments to the University and contracts in amounts up to $25,000, to be paid by the University. A copy of this report is filed with the secretary. T h i s r e p o r t w a s r e c e i v e d for r e c o r d . Report of Investment Transactions through September 30,1983 (21) T h e comptroller presented the investment report as of September 30, 1983. Transactions under Finance and Audit Committee Guidelines Date Number Description Cost/Yield Amount 39 000 00 39 000 00 60 000 00 Sale: 9/21 $ 39 000 Merrill Lynch demand notes. $ 39 000 00 $ Purchases: 9/21 $ 39 000 Boeing demand notes 9.25% $ 9/22 60 000 Caterpillar Tractor demand n o t e s . . . 8.99
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