Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 352]

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342

BOARD OF TRUSTEES

[July 21

mendations of the Board of Higher Education, and for S.B. 717 as passed by the General Assembly. Schedule A. Comparison of F Y 1971 Appropriations with F Y 1972 Appropriations A s Recommended by the Board of H i g h e r Education, A s P a s s e d by the General Assembly, and A s Approved by the Governor

Purpose and Source of Funds Operations Regular Operations General Revenue $159 661 233 $172 041 877 $164 027 672 $152 900 000 University Income 18 218 100 27 290 000 22 900 000 22 900 000 Agricultural Premium Fund 1 021 700 1 166 719 1 161 129 1 161 129 Subtotal ($178 901 033) ($200 498 596) ($188 088 801) ($176 961 129) Retirement Contributions General Revenue 7 391 323 24 307 000 7 586 665 5 258 200 Agricultural Premium Fund 83 500 106 731 32 176 22 300 Subtotal ($ 7 474 823) ($ 24 413 731) ($ 7 618 841) ($ 5 280 500) Total, Operations $186 375 856 $224 912 327 $195 707 642 $182 241629 JBA Rentals (General Revenue) Previously Authorized $ 8 990 150 $ 14 137 915 $ 14 137 915 $ 14 137 915 New Authorizations 5 159 240 3 529 830 1 623 740 1 623 740 Total. IBA Rentals $ 14 149 390 $ 17 667 745 $ 15 761 655 $ 15 761 6SS Capital Improvements (General Revenue) Reappropriations $ 19 392 382 $ 12 441 300 $ 12 441 300 $ 9 561 149 New Appropriations 1 761 97S 31 449 150 6 143 750 6 143 750 Total, Capital Improvements $ 21 154 357 $ 43 890 450 $ 18 585 050 $ 15 704 899 Grand Total General Revenue $202 356 303 $2S7 907 072 $205 961 042 $189 624 754 University Income 18 218 100 27 290 000 22 900 000 22 900 000 Agricultural Premium Fund 1 105 200 1 273 450 1 193 305 1 183 429 Total $221 679 603 $286 470 522 $230 054 347 $213 708 183 FY 1971 Appropriations FY 1972 Appropriations (S.B. 717) Passed by the Recommended General Approved by by the BHB Assembly the Governor

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Capita! Funds The amounts approved by the Governor for I B A rentals (old and new, $15,761,655) and for new general-revenue capital improvements ($6,143,750) are identical to corresponding figures in S.B. 717 as passed by the General Assembly. In the case of capital reappropriations (unexpended F Y 1971 funds), the Governor's figure of $9,561,149 is lower than the General Assembly's earlier total of $12,441,300; but the reduction per se does not represent a real "cut" in support for the University — for two reasons: (a) the actual unexpended balance as of July 1, 1971, was lower than had been estimated earlier; (b) the University requested that the balance be reduced further by the Governor, in lieu of a planned reduction in funds for operations. (The additional funds for operations were sought and granted for expansion in the health fields.) Funds for Operations Schedule A shows that the overall amount appropriated for operations (including retirement contributions) in F Y 1972 now stands at $182,241,629 — which is lower by $4,134,227 than the corresponding total of $186,375,856 for F Y 1971. But this net reduction consists of two components: (a) a decrease of $1,939,904 below the F Y 1971 amount for regular operations; (b) a decrease of $2,194,323 in funds for retirement contributions, Regular operations for FY 1972. If the amount appropriated for regular operations in F Y 1971 be taken as a base ($178,901,033), then the F Y 1972 figure of $176,961,129 represents a reduction of $1,939,904. But the total for F Y 1972 is the net resultant of two actions by the Governor relative to the F Y 1971 base: (a) the addition of $2.0 million for expansion in the health fields; (b) a reduction of $3.9 million in general revenue which he suggested should be offset through additional income to be derived from higher tuition rates. Retirement contributions. The Governor reduced the funds approved by the