Caption: Board of Trustees Minutes - 1972
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
332 Purchases: $1 000 000 1 000 000 1 000 000 1 000 000 1 000 000 BOARD OF TRUSTEES [June 16 3.88 4.01 4.03 4.17 3.93 4.25 $ 998 996 993 989 600 666 777 343 69 67 78 75 New England Tel & Tel note due 4 / 2 1 / 7 1 . . . . Tampa Electric note due 5/6/71 Mountain States Tel & Tel note due 6 / 3 / 7 1 . . American Brands note due 6/4/71 Banks for Coops 4v£ per cent debentures due 8/2/71 I 000 000 Federal Land Banks 4»4 per cent bonds due 4/20/72 Trust Benefit Fund Purchases: $ 20 000 U.S. Treasury bills due 6/24/71 100 000 Federal National Mortgage Association note duelO/5/71 Construction Fund Funds 1 0 0 2 812 50 1000 000 00 3.14 3.82 $ 19 863 14 98 093 75 Illinois Street Air Conditioning Purchase: $. 200 000 U . S . Treasury bills due 6/24/71 Krannert Contributions Purchase: $ 240 000 Boise Cascade Home and Land 7 per cent note due 6/30/76 Assembly Hall 9 Purchase: $ 75 000 U.S. Treasury bills due 9/30/71 Sinkin Funds 3.23 $ 198 008 00 7.00 $ 240 000 00 3.63 $ 73 642 75 Student Services Purchase: $ 16 000 U . S . Treasury 4 per cent bonds due 8/15/72.. T h i s report w a s received for record. 3.96 $ 16 010 00 INTERIM INTERNAL BUDGET FOR 1 9 7 1 - 7 2 (37) Since the total proposed for Fiscal Year 1972 appropriations for higher education was reduced in the Governor's budget from the total approved by the Board of Higher Education, and since the final amount to be appropriated will not be determined until later than usual, the final internal budget will not be ready for consideration by the Board until this fall. Appointments and changes in salaries and wages normally become effective July 1 for nonacademic staff and September 1 for academic staff. Due to the fiscal uncertainties such effective dates for budgetary changes will not be feasible this year. In order to prepare the July and subsequent payrolls, authorization of payment of salaries and wages for the nonacademic and academic employees for Fiscal Year 1972 is needed at this time. It is also necessary to provide for other expenditures necessary for the continuing operation of the University after July 1, 1971. The President of the University requests authorization to continue in effect, commencing July 1 and continuing thereafter until further action of the Board, the internal budget allocations in effect for 1970-71; and that the President of the University be authorized, in accordance with the needs of the University and the equitable interests involved, and within total income: (a) to accept resignations; (b) to make such additional appointments as are necessary subject to the provisions of the University Statutes and the Policy and Rules — Nonacademic; and (c) to make such changes and adjustments in items included in the interim budget as are needed. All such changes are to be covered in the Vice President and Comptroller's quarterly financial reports, or in reports to the Board by its Secretary. On motion of Mr. Swain, authority was given as requested by the following vote: Aye, Mr. Forsyth, Mr. Grimes, Mr. Hahn, Mr. Howard, Mr. Hughes, Mr. Neal, Mr. Pogue, Mr. Swain; no, none; absent, Dr. Bakalis, Governor Ogilvie, Mr. Steger.
| 
