Repository: UIHistories Project: Board of Trustees Minutes - 1940 [PAGE 996]

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UNIVERSITY OF ILLINOIS

993

BUDGET OF T H E ATHLETIC ASSOCIATION (28) I present herewith the budget of the Athletic Association for 1940-1941 as approved by its Board of Directors on June 12. This budget has been examined in detail by the Comptroller and reviewed by the President of the University. Estimated income amounts to $257,275 as compared with present estimate of $224,692 for 1939-1940. This is due to an enlarged and more favorable football schedule. Expenses are estimated at $246,120 leaving an estimated excess of $11,155 of income over expense. T h e Association will have at the end of the current year an estimated operating surplus of $24,473 in addition to a reserve of $10,000 for plant replacement. Salaries paid jointly by the Association and the University are in accordance with the schedule already approved by the Board of Trustees. Expenses appear conservatively estimated. O n m o t i o n of M r . J e n s e n , t h i s b u d g e t w a s a p p r o v e d a s r e c o m mended. ADJUSTMENTS IN THE 1 9 3 9 - 1 9 4 0 BUDGET OF THE ATHLETIC ASSOCIATION (29) T h e Board of Directors of the Athletic Association at its meeting on June 12 authorized assignments from the surplus funds of the Association for the following purposes, and requests approval by the Board of Trustees of these adjustments: 1. Regrading and resurfacing of tennis courts on Springfield Avenue across from the Old Gymnasium $4 000 00 2. Purchase of trophy cases, new pictures, and refinishing of old pictures for use in Illini Union Building 2 500 00 3. Purchase of new clock for Stadium 700 00 4. Repairs and resurfacing of football field cover (includes cost of transportation to factory and return) 613 50

On motion of Mr. Karraker, these adjustments were approved.

MEMORIAL TO LOUIS CONRAD MOSCHEL A t this point, M r . Cleary presented the following memorial. T h e Board of Trustees of the University of Illinois records with deep sorrow the death of Louis Conrad Moschel, a member of the Board, who passed away suddenly at his home in Pekin, Illinois, on Sunday, June 9, 1940. In recording this loss of a beloved and esteemed colleague it is fitting that the members of the Board review, albeit too briefly to do him full justice, his career and his works. Mr. Moschel was born in Morton, Illinois, on October 20, 1878. H e was graduated from the University of Illinois in 1905, with a distinguished record in scholarship which bespoke an even more distinguished career as a citizen, a leading industrialist of his home community, and a life which may be characterized as that of a gentleman who placed spiritual values above material success and whose service to his fellow men was second only to his devotion to God. Anything that pertained to civic and community welfare aroused his interest and found him ready to devote his time, his energy, and his means to whatever cause needed his aid. As an alumnus of the University of Illinois, Mr. Moschel's loyalty to his Alma Mater was exemplary, manifesting itself in active service both in lay as well as official capacities. H e served as an officer of the Alumni Association for a number of years. In 1936 he was elected to the Board of Trustees of the University and from the very beginning his service on this Board was typical of his character. H e devoted himself energetically and faithfully to the duties of his office, accepting his full share of responsibilities, discharging them effectively and efficiently. In his death the State has lost a devoted public servant, and the University a loyal alumnus and friend. In recording this the members of the Board of Trustees do so with a sense of humility that such a record does not express in full measure appreciation of their departed colleague, but they desire to pay tribute to his memory in