Caption: Board of Trustees Minutes - 1972
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50 BOARD OF TRUSTEES [AugUSt 12 Increase in Premiums — Urbana-Champaign campus Premium Payments Amounts to be Paid to Insurance Company by Insured Per Semester Per Semester Proposed (Current) Proposed (Current) Student 10.00 (9.27) 10.001 (10.00)1 Spouse 17.75 (14.30) 18.00 (15.00) Child 12.27 (9.65) 13.00 (10.00) No change will be made in the fee charged to students. There will be an increase in the charge for coverage of spouse and child. The Vice President and Comptroller and the Chancellor for the UrbanaChampaign campus recommend that the foregoing changes in benefits and premiums for the Urbana-Champaign campus be made and that the expense for administering the program be paid from the Benefit Trust Account. I recommend that the student health insurance contract be continued with the changes recommended for the Urbana campus. On motion of Mr. Hahn, this recommendation was approved. PURCHASES (17) The President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President and Comptroller; also purchases authorized by the President. The list of purchases was presented in two categories: purchases from appropriated funds (i.e., from state appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundation grants, and grants from corporations and other donors, and University revolving funds authorized by law. The total amounts of these purchases were: From Appropriated Funds Recommended $ 296 157 75 From Institutional Funds Authorized 61 027 50 Recommended 750 611 88 Total $1 107 797 13 A complete list of the purchases, with supporting information, including the quotations received, was sent to each member of the Board in advance of the meeting, and a copy is being filed with the Secretary of the Board for record. On motion of Mr. Clement, the purchases authorized by the President were approved, and the purchases recommended were authorized. INVESTMENT REPORT For the Month of June, 1970 Report of the Finance Committee (18) The Finance Committee reported the following changes in investments of endowment funds: Beck Fund Purchase: Per Cent % 2 000 CIT Financial demand notes 7.80 % 2 000 00 Beckwith Fund Purchases: $ 3 000 CIT Financial demand notes 7.80 3 000 00 220 000 U.S. Treasury bills 5/31/71 7.65 204 207 38 1 Included in the Hospital-Medical-Surgical Fee.
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