Repository: UIHistories Project: Board of Trustees Minutes - 1982 [PAGE 521]

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510

BOARD OF TRUSTEES

[April 15'

Status of Litigation Regarding Robert N. Parker T h e university counsel, Mr. Costello, reported that the retrial of Mr. Parker has been scheduled to begin April 19 in Rockford. With regard to the possibility of settlement to retrieve the University and the University of Illinois Foundation losses, he reported that thus far the Federal Insurance Company of New Jersey had indicated a willingness to provide $100 thousand in settlement, Indiana Insurance Company, $133 thousand, and the First National Bank of Champaign, $125 diousand. T h e University has sought $250 thousand each from the Indiana Insurance Company and the First National Bank of Champaign. Mr. Costello reported that he had just learned the First National Bank was unwilling to make such a settlement, and that at this point it appeared the matter will proceed to litigation. Executive Session Adjourned for Meeting of Buildings and Grounds Committee Mr. Stone announced that the executive session would be adjourned for a meeting of the Buildings and Grounds Committee. MEETING AS A COMMITTEE OF THE WHOLE T h e Board of Trustees reconvened at 10:15 a.m. as a Committee of the Whole to receive a report on the status of the University of Illinois Hospital and, in particular, the problem of cash flow and inordinately high accounts receivable. Chancellor Begando presented Vice Chancellor Alexander Schmidt who provided a written document containing detail on this question (a copy of the document is filed with the secretary for record). In brief, Dr. Schmidt reported on the status of the search and appointment of individuals for various managerial positions related to this work in the hospital, indicating that most of the positions were now filled. H e further presented information on the organization of the Department of Patient Accounts, an update on the cash flow and accounts receivable matter, and a status report on the search for the hospital director. He also reported on the National Resident Matching Program. President Ikenberry stated that h e was personally encouraged by the report just presented although more progress is required. H e said that a further and more complete report would be presented at the Board of Trustees meeting in July. T h e board reconvened in regular session at 11:10 a.m. MINUTES APPROVED T h e secretary presented for approval the press proof of the minutes of the Board of Trustees meeting of January 14, 1982, copies of which had previously been sent to the board. O n motion of Mr. Forsyth, these minutes were approved as printed on pages 435 to 458 inclusive.