Repository: UIHistories Project: Board of Trustees Minutes - 1984 [PAGE 52]

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1982]

UNIVERSITY OF ILLINOIS

43

In addition to the amounts shown in Table 1, a request for $53 million in incremental funds to meet the statutory funding requirement for the University's share of State Universities Retirement System funding is also included in the FY 1984 operating budget request. As shown in Tables 2, 3, and 4, the University's FY 1984 request for new capital appropriations consists of three major components: 1. a "regular" request totaling $20,568,400 for remodeling and renovation of existing facilities and the construction of the highest priority new facilities to meet changing academic program requirements (Table 2) ; 2. energy conservation and fuel conversion project requests totaling $8,831,300 to continue the University's efforts to reduce operating costs and fuel consumption (Table 3 ) ; and 3. the Food Production Research (Food for Century I I I ) request of $7,024,000 to continue the progress of this important contribution to enhanced research capabilities at the University (Table 4 ) . Together, these three components total $36,423,700 in requests for new capital appropriations. The "regular" capital request is identical with that reviewed by the board in July. The energy conservation projects shown in Table 3 are the same as those reviewed in July, although technical changes in cost and pay-back estimates have been made. In addition to these projects, the University seeks support in FY 1984 to convert boilers at the University of Illinois at Chicago campus to coalburning capacity, and then to interconnect the two Chicago power plants. T h e Food for Century I I I request shown in Table 4 has been substantially changed, in the light of the gubernatorial veto of all but one of the FY 1983 projects approved by the General Assembly. These requests have been prepared by the executive vice president based upon the recommendation of the University Planning Council, the chancellors, and the president of the University. I recommend approval.

O n motion of Mr. Madden, these requests were approved as recommended by the following vote: Aye, Mrs. Day, Dr. Donoghue, Mr. Forsyth, Mr. H a h n , Mr. Howard, Mr. Madden, Mr. Neal, Mrs. Shepherd, Mr. Stone; no, none; absent, Governor Thompson. (The student advisory vote was: Aye, Mr. Bandala, Miss Forsyth; no, n o n e ; absent, Mr. Cobb.)

NOTE', In the course of discussion, the problem of adequate funding of the State Universities Retirement System was again raised and discussed at some length. It was pointed out that among the opportunities for improved funding are the moneys regularly appropriated to meet the debt service on Illinois Building Authority projects. These will amount to approximately $17 million next year. In the light of this information, Mrs. Day moved that the Board of Trustees express its view that the IBA funds be used in support of the funding of the State Universities Retirement System; and express the board's continuing and increased concern regarding the overall financial situation of the State Universities Retirement System. The motion was approved without dissent. (It was agreed that the president of the board would convey this action to the appropriate officers of state government.)