Repository: UIHistories Project: Board of Trustees Minutes - 1974 [PAGE 137]

EXTRACTED TEXT FROM PAGE:

1972]

UNIVERSITY OF ILLINOIS

127

Inasmuch as Professor Bardeen could not be present, Mr. Hughes asked that President Corbally make arrangements to present the citation to Professor Bardeen on behalf of the Board at a later date. BUSINESS PRESENTED BY T H E PRESIDENT OF THE UNIVERSITY

PRESIDENT'S REPORTS

The Board considered the following reports and recommendations from the President of the University. President Corbally presented a report on selected topics of current interest, copies of which were distributed at the meeting, and a copy was filed with the Secretary of the Board. Cable Television, Urbana President Corbally called on Chancellor Peltason who had arranged for a brief report on the status of the cable television movement in Champaign-Urbana and the University's involvement in it. Chancellor Peltason asked Professor Donald Mullally, who has been the campus representative in this matter, to provide a brief background statement. He emphasized the possible benefits that can accrue to the University through cable television once established. Student Advisory Committee to the President President Corbally reported that the January meeting of the Committee with the Board of Trustees Committee on Student Welfare and Activities, and other trustees who are able to attend, will be scheduled in connection with the next meeting of the Board at the Medical Center campus.

AGRICULTURAL PREMIUM BUDGET FOR FISCAL YEAR ( F Y ) 1 9 7 4

(1) The General Assembly approved and on August 18, 1972, the Governor signed House Bill 4361, which made several changes in the County Cooperative Extension Law, including a provision that the State would provide matching funds to counties for Cooperative Extension programs from the Agricultural Premium Fund, The State may provide one-fourth of the amount budgeted by the County Board, the remainder being provided by a county tax and private gifts and grants specifically made to support the County Extension programs. All such funds are to be paid to the University of Illinois for credit to a trust fund for the particular county. The Bureau of the Budget and the State Treasurer's office have suggested that the funds be paid directly to the University of Illinois for credit to the particular counties, rather than sending the money to the counties for return to the University. Under this method the appropriation would be made directly to the University of Illinois. For Fiscal Year 1974 the estimated State share of the county budgets to be appropriated from the Agricultural Premium Fund is $475,000. In addition to the formula increases for salaries, prices, and retirement contributions from the Agricultural Premium Fund, which were included in the regular budget totals approved by the Board of Trustees on October 18, there are two additional increases from the Agricultural Premium Fund, mentioned on page 3 of the budget document, which are being requested separately. These are for equalization of county extension secretaries' salaries and for printing extension materials for 4-H. The total budget for FY 1974 from the_ Agricultural Premium Fund is $1,957,960 as summarized below. The Vice President for Planning and Allocation and the Vice President for Financial Affairs recommended that this revised total budget to reflect the changes in the County Cooperative Extension Law be submitted to the Board of Higher Education and to the Bureau of the Budget. I concur.