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Caption: Board of Trustees Minutes - 1984
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1984] Date 3/26 UNIVERSITY OF ILLINOIS 557 Number Description Cost/Yield Amount $2 000 000 Continental Bank 10% percent time deposit due 8/21/84 10.38% $2 000 000 00 3/27 99 000 U.S. Treasury 9 percent bonds due 2/1/94 9.00 81124 33 3/29 400 000 U.S. Treasury bills due 5/3/84 9.51 396 336 67 O n motion of Mrs. Day, this report was approved as presented. Approval of Request for Transfers Among Line-Item Appropriations (34) Chapter 127, Section 149.2 of the Illinois Revised Statutes provides that transfers may be made among certain regular operating appropriations and grants during the course of the fiscal year. Upon initiation and approval by the University, an appropriation transfer-authorization request is submitted to the governor through the Board of Higher Education. The vice president for business and finance has recommended a transfer within the University's Income Fund of $700,000 in commodities and $500,000 of contractual services to the equipment line-item appropriation. The transfer is necessary because the "Remodeling for Excellence" program requires more equipment funds and fewer commodity and contractual funds than anticipated when the appropriation bill was proposed. The transfer will permit the program to be continued as currently budgeted. I concur. O n motion of Mrs. Day, this recommendation was approved. SECRETARY'S REPORT T h e secretary presented for record appointments to the faculty and changes of status made by the president, resignations, leaves of absence, and retirements. A copy of the report is filed with the secretary. ANNOUNCEMENTS FROM THE PRESIDENT OF THE BOARD President Forsyth called attention to the schedule of meetings for the next three months: May 17, Chicago campus; June 21, Urbana-Champaign campus; July 19, Chicago campus. There being no further business, the board adjourned. EARL W. PORTER WILLIAM D. F O R S Y T H , J R . Secretary President At the close of the regular meeting, the Alumni Committee met with the Executive Committee of the University of Illinois Alumni Association to receive comments on recent activities of the Association from its President, Dr. George Kottemann, and the Executive Director, Mr. Louis Liay, and to discuss matters of mutual interest. In addition to Dr. Kottemann and Mr. Liay, the following members of the Executive Committee were present and joined the trustees at luncheon. Mr. Joseph Antonello, Jr. Mr. Robert Johnston Mr. Henry Blackwell Mr. Walter Morey Mr. William Herleman Mr. John Nyquist Mr. Lawrence Nortrup
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