Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 123]

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BOARD OF TRUSTEES

[November 20

other midwestern state universities, including reductions in their base budgets, in contrast with the healthier situation at present in Illinois. Board of Trustees' Retreat, January 1981 H e reviewed briefly the plans for the Board Retreat to be held at Allerton Park, January 13-14, 1981. A schedule of events and background information will be sent to the trustees in December. Illinois State Board of Higher Education Mr. Forsyth asked Trustee Lenz to report briefly on recent activities. Mr. Lenz commented upon a recent study by the staff of the state board, "Compensation in Illinois Institutions of Higher Education," and asked that copies be sent to the trustees. H e reviewed briefly a recent report of enrollments in Illinois prepared by the staff, noting the significance of enrollments, their growth or decline, and their relationship to institutional financing. State Universities Retirement System Mr. Forsyth asked Trustee Howard to comment upon activities of this board, of which Mr. Howard is currently the president. Mr. Howard stated that a program of improved funding is now accepted by the State, but that the system is by no means yet "fully funded" in accord with conventional standards or with State requirements. H e reported that a financial policy committee has been established within the retirement board to provide for better surveillance of investments and to obtain better financial return from the funds held in trust by the board. REGULAR AGENDA T h e board considered the following reports and recommendations from the president of the University. By consensus, the board agreed that one vote would be taken and considered the vote on each agenda item nos. 3 through 6 inclusive. T h e recommendations were individually discussed but acted upon at one time. (The record of board action appears at the end of each item.) Award of Certified Public Accountant Certificates (3) The Committee on Accountancy recommends that the certificate of certified public accountant be awarded, under Section 5 of the Illinois Accountancy Act of 1943, as amended, to eighteen candidates who have presented evidence that they are holders of valid and unrevoked certified public accountant certificates obtained by passing a standard written examination in another state or territory of the United States and who qualify in all other respects under this provision of the law. The Committee on Accountancy also recommends that the certificate of certified public accountant be awarded to one candidate who passed the standard written examination given in May 1980 in Illinois and who has fulfilled all other legal requirements under Sections 1, 2, and 3 of the Illinois Accountancy Act of 1943, as amended.