Repository: UIHistories Project: Board of Trustees Minutes - 1940 [PAGE 172]

EXTRACTED TEXT FROM PAGE:

1938]

UNIVERSITY OF ILLINOIS

169

a budget in which the recommended appropriations would not exceed available funds. T h e budget of the University was discussed in detail. Particular emphasis was placed on the necessity for a new power plant and of the importance of an appropriation for the full amount requested. T h e Director suggested the possibility of getting a federal grant for a portion of this project. T h e Provost, who was also chairman of the Advisory Committee on the Operating Budget, explained the basis for the various items in that budget. T h e Director stated that he had no particular question about any item of the budget or of the budget as a whole. T h e question he stated was purely a question of sufficient funds. H e feels that it will be impossible for the State to make the full appropriation recommended by the University, and he is unwilling at the present time to recommend such an appropriation. H e offered for consideration a suggested basis of appropriation, the details of which are presented in an attached schedule. Copies of the material presented to the Budgetary Commission and to the Director are also attached which represent a summary of the material previously presented to the Board of Trustees and of the budget as filed with the Department of Finance. The question of an additional appropriation of $250,000 needed for the "Revolving F u n d " for the current biennium was also discussed. T h e Director stated that he had no question concerning that request and would be willing to support such a supplementary appropriation. An appropriation bill will be presented as early as practicable in the next session, providing for an emergency appropriation. The question of the title of the "Revolving F u n d " was also discussed. T h e Director agreed that a change in the title would be desirable and suggested that in the interest of brevity the title be "University Income F u n d " instead of "University Income and Revolving F u n d " as suggested by the Board of Trustees. This amended title is acceptable to the University. Representatives of the University agreed that they would bring to the attention of the Board of Trustees at this meeting the financial problem of the State and the suggestions of the Director of Finance as to University appropriations for next biennium and that the matter would be given full consideration by the Board with a view to advising him further as to the desires of the Board with respect to its budget. B I E N N I A L B U D G E T , 1939-1941 (With Appropriations for 1937-1939 and Requested Increase) I. Adopted by Board of Trustees, October 24, 1938 Appropriation Requested Percentage Request I 937-39 increases increase IQ39-41 A. Operating Budget: 1. Educational $13 541 056 $2 255 574 16.7 $15 796 630 2. Non-educational. 858 576 1 41 424 4.8 900 000 Total, Operating $14 399 632 $2 296 998 16.0 $16 696 630 B. Permanent Improvements 1 050 000 1 325 000 126.2 2 375 000 Total, Operating and Permanent Improvements $15 449 632 $3 621 998 23.4 $19 071 630 Sources: General Revenue and Mill Tax $11 204 102 $3 340 894 29.8 $14 544 996 Reappropriated Federal Grants 295 530 31 104 10.5 326 634 Revolving Fund 1 3 950 000 250 000 6.3 4 200 000 Total $15449632 $3621998 23.4 $19071630 Includes £250.000 emergency appropriation being requested.