Repository: UIHistories Project: Board of Trustees Minutes - 1944 [PAGE 993]

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99°

BOARD OF TRUSTEES

[ J u n e 22

the University, who shall keep a separate account of all receipts and expenditures under the law. 38. T h e University Committee shall keep examination papers of candidates on file for a period of three years.

REVOCATION AND RESTORATION OF THE CERTIFICATE OF CERTIFIED PUBLIC ACCOUNTANT

39. T h e University, on receipt of notice from the Department of Registration and Education of the cancellation of the Public Accountant registration of a person, shall revoke, without further proceedings, the C.P.A. certificate of said person as described in Section 22 of the Act. 40. On receipt of notice from the Department of Registration and Education that the registration of a Public Accountant has been restored the University may, without examination, restore the certificate of Certified Public Accountant of any person whose certificate has been revoked.

F U N D S FOR PATENT EXPENSES

(5) T h e budget for 1043-1044 includes a provision of $1,000 for expenses involved in securing patents on discoveries by members of the staff. This is a more or less arbitrary allocation, as the actual expenses can not be predicted in advance. Formerly the annual appropriation for this purpose was $2,000, but in recent years it was reduced to $1,000. At present there are outstanding obligations for patent counsel services totaling $351.97, and the unencumbered balance in the assignment of funds is $126.23. T h e Faculty Committee on Patents estimates that an additional assignment of $500 will be sufficient to take care of current obligations for the balance of the fiscal year ending June 30, 1944.

On motion of Mr. Davis, this appropriation was made, by the following vote: Aye, Mr. Davis, Mr. Fornof, Mrs. Grigsby, Mr. Jensen, Mr. Karraker, Mr. Livingston, Mr. McKelvey; no, none; absent, Mr. Green, Dr. Luken, Dr. Meyer, Mr. Nickell. On motion of Mr. Davis, the employment of Mr. Charles J. Merriam as patent attorney was authorized.

REUEASE OF PATENT FOR A L C O H O L LAMP

On motion of Mr. Davis, the rights of the University to a discovery of an alcohol heated hot-water bath by Professor Charles C. Price (Minutes, page 951) were released to the discoverer.

APPROPRIATION OF EXCESS RECEIPTS OF DAIRY HUSBANDRY (6) T h e budget of the Department of Dairy Husbandry for the current year 1043-1944, totaling $145,835, allows for receipts from sales estimated at $64,215, which includes $10,015 estimated net income from the Creamery. Actual receipts to May 31 were $59,990 and estimated total receipts for the year $69,500, or approximately $5,300 more than estimated. T h e net balance of the Creamery on May 31, after allowing for estimated net earnings above mentioned, was

$19,920.

The expenses of the department (as of May 31, 1944) are approximately $11,000 more than estimated because of higher prices of grain and hay above the prices anticipated when the budget was prepared. T h e Department requests, and the Dean and the Comptroller concur, that the following changes be m a d e : 1. That excess receipts (estimated to be approximately $5,300) be appropriated to the department for use during the remainder of the present fiscal year. 2. That permission be granted to transfer $6,500 from Dairy Creamery to the budget of the Dairy Department. I recommend approval. O n m o t i o n of M r . K a r r a k e r , t h i s a p p r o p r i a t i o n a n d t r a n s f e r of funds were authorized, by the following vote: Aye, M r . Davis, Mr.