Repository: UIHistories Project: Board of Trustees Minutes - 1972 [PAGE 614]

EXTRACTED TEXT FROM PAGE:

604

BOARD OF TRUSTEES Summary

[April

19

Amount to be paid to the University: Chicago Circle Medical Center Urbana-Champaign Total. Amount to be paid by the University: Medical Center Urbana-Champaign Total

155 151 974 SI 282 $ $

$

459 924 660 043

15 548 54 026 69 574

T h i s report was received for record.

A N N U A L REPORT O F TREASURER (33) In accordance with the By-Laws of the Board of Trustees, the Treasurer of the University has submitted a report of receipts and disbursements of University funds in his custody for the period March 1, 1971, to February 29, 1972, certified by the Vice President and Comptroller. A copy of this report was sent to each member of the Board of Trustees prior to today's meeting, and a copy is filed with the Secretary of the Board. INVESTMENT R E P O R T F o r t h e M o n t h s of J a n u a r y a n d F e b r u a r y , 1972 R e p o r t of t h e F i n a n c e C o m m i t t e e (34) T h e Finance Committee reported the following changes in investments of endowment funds: Pool Exchange: $119 000 U.S. Treasury 4 } ^ per cent bonds due 5/15/74 for 119 000 U.S. Treasury 6H per cent bonds due 2/15/82. Sale: $40 000 Associates demand notes $ 40 000 00 Purchases: Per Cent $ 4 000 Heller, Walter E., demand notes 3.90 4 000 00 21 000 Sears Roebuck Acceptance demand notes 4.00 21 000 00 R e p o r t of t h e C o m p t r o l l e r T h e Comptroller reported the following changes in investments of current and unexpended plant funds, which he has been authorized to make: Current Funds Current Funds (Chicago Circle) $500 000 C I T Financial demand notes 500 000 Hertz demand notes 500 000 Household Finance demand notes Current Funds (Medical Center) Purchs-SGs* $1 000 000 C I T Financial demand notes 1 000 000 Amoco Credit note due 2/17/72 Duke, Doris, Russian and East European Center Purchase: $10 000 U.S. Treasury bills due 12/31/72 Illinois Farm Electrification Council PurchiisGS * $5 000 U.S. Treasury 5M per cent notes due 2/15/75 5 000 U.S. Treasury 6H per cent notes due 2/15/76 5 000 U.S. Treasury 6H percent notes due 11/15/76 $ 500 000 00 500 000 00 500 000 00

Per Cstit 4.44 1 000 000 00 3.51 998 347 22

3.59

9 678 21

5.22 5.46 5.47

5 087 38 5 156 13 5 153 64