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Caption: Board of Trustees Minutes - 1982
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1981] UNIVERSITY OF ILLINOIS 407 T h e list of purchases was presented in two categories: purchases from appropriated funds (i.e., from state appropriations to the University) and purchases 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. The total amounts of these purchases were: From Appropriated Recommended From Institutional Recommended Grand Total Funds $103 042 88 Funds 459 733 86 $562 776 74 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, and a copy is being filed with the secretary of the board for record. On motion of Dr. Donoghue, the purchases recommended were authorized by the following vote: Aye, Mrs. Day, Dr. Donoghue, M r . Forsyth, Mr. H a h n , Mr. Howard, M r . M a d d e n , M r . Neal, Mrs. Shepherd, M r . Stone; no, n o n e ; absent, Governor Thompson. ( T h e student advisory vote was: Aye, M r . Bandala, M r . Bettenhausen, Mr. Persons; no, none.) Report of Purchases Approved by the Executive Vice President (20) T h e executive vice president also submitted a report of purchases approved by him on recommendation of the directors of purchases in amounts of $20,000 to $25,000, a report of bids taken in behalf of the Capital Development Board, and a report of bids taken by the Illinois Educational Consortium for generic commodities. A copy of this report is filed with the secretary. This report was received for record. Comptroller's Monthly Report of Contracts Executed (21) The comptroller submitted the October 15, 1981, 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. This report was received for record. Report of Investment Transactions through September 30,1981 (22) T h e comptroller presented the investment report as of September 30, 1981. Transactions under Finance Committee Guidelines Date Number Description Cost/Yield Purchases: 8/13 200 shares Norfolk and Western Railway common stock 5.81% $ 8/17 400 shares Norfolk and Western Railway common stock 5.77 8/17 $ 20 000 Associates demand notes 16.80 Amount 8 956 50 18 027 00 20 000 00
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