Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 926]

EXTRACTED TEXT FROM PAGE:

1944]

U N I V E R S I T Y OF I L L I N O I S

923

Total Cost #2,890 2,900 2,900

Price per Ton Company Globe Coal Company, Bunsenville, Illinois, mine Lafayette Coal Corp., Livingston, Illinois, mine Consolidated Coal Co., Mt. Olive, Illinois, mine Tons 1,000 1,000 1,000 Mine S2.10 1.60 1.60 Freight $ .79* 1.30 1.30 Total S2.89 2.90 2.90

On motion of Mr. Karraker, the action of the Comptroller in authorizing these purchases was approved and confirmed.

FEDERAL W I T H H O L D I N G TAX PROCEDURE (16) At the Board meeting on December 18, 1943 (Minutes, page 793), Mr. Lloyd Morey, Comptroller, reported on the difficulties experienced by the State Auditor of Public Accounts in acting as withholding agent for Federal taxes on University of Illinois payrolls. The matter was referred to the Committee on General Policy with power to act. On January 5 this Committee reviewed the matter jointly with the Executive Committee of the Board and referred it back to the President of the University for discussion with State officers. T h e Comptroller, with the advice and assistance of Judge Sveinbjorn Johnson, submitted the matter to the Commissioner of Internal Revenue for a ruling. T h e Commissioner has ruled that "the University of Illinois is considered an agency of the State and as such is required to withhold the tax on the employees as provided in section 1624 of Regulations 115." The Comptroller reports that as a result of this ruling and of these discussions the State Auditor of Public Accounts has stated that beginning April 1, 1944, the University is to act as withholding agent on all of its payrolls, including those paid through State funds. All reports to the government and to University employees for the entire calendar year 1944 will be made by the University. Detailed procedures have been agreed on between the State Auditor and the Comptroller which are mutually satisfactory.

This report was received for record.

SCHEDULE OF INSURANCE CARRIED BY THE UNIVERSITY (17) At the meeting of the Board on March 14, the Comptroller was requested to submit information concerning insurance carried by the University which would show the distribution among agencies. The enclosed report has been prepared by Mr. C. P. Slater, Assistant Purchasing Agent, and is submitted by the Comptroller in response to that request. It shows the name and address of each agency carrying insurance for the University, the kind and amount of insurance carried, and the estimated total annual premium. On the last page is a summary of premiums by class of insurance and by type of company. If any other information is desired, the Comptroller will be glad to furnish it.

The Comptroller commented on this report.

SELECTION OF PRESIDENT OF THE UNIVERSITY OF ILLINOIS (18) The following statement on the procedure for selecting a President of the University. 1. Appointment of special committee of the Board of Trustees. In the selection of a President of the University, it has been the practice to have a special committee of the Board of Trustees to direct the work and to submit a report on candidates who have been recommended to and by the committee. 2. Faculty committee. It has been customary for the Board, through its President or the Special Committee on the Selection of a President, to invite the University faculty to appoint a committee to cooperate with the Committee of the Board. This gives the faculty an opportunity to recommend candidates and to express judgments on candidates under consideration. •Estimated. Actual amount of freight will depend on size of cars, as rate includes a switching charge on a per car basis.