Repository: UIHistories Project: Board of Trustees Minutes - 1970 [PAGE 120]

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120

BOARD OF TRUSTEES

[October 16

the Seventy-fifth General Assembly for 1967-69 and the corresponding total requested for 1969-71. T h e first section of Schedule A shows that the biennial appropriation for 1967-69 was $267,812,658, of which the sum of $16,375,000 was provided from University income. The appropriation for 1967-68 was $127,365,864 and that for 1968-69 was $140,446,794. Schedule A. Biennial Budget Request for Operations, 1969-71 A. Budgetary Summary — Seventy-fifth Biennium 1967-68 1968-69 Total General Revenue $119 365 864 $132 071 794 $251 437 658 Income Fund 8 000 000 8 375 000 16 375 000 Total Seventy-fifth Biennial Appropriation $127 365 864 $140 446 794 $267 812 658 B. Add Seventy-sixth Biennium Increases Requested Annual Increases Biennial 1969-701 1970-71 Total 1. Adjustments to the Base Budget Continue 1968-69 Level for Full Biennium $ 13 080 930 2. Statutory Increases Retirement System Contributions $ 12 904 190 $ 2 004 780 27 813 160 3. Salary Adjustments 8 868 092 9 166 722 26 902 906 4. Increased Enrollments 7 280 820 4 693 252 19 254 892 5. Operating Costs of New Buildings 1 632 450 1 789 591 5 054 491 6. Price Increases 873 425 910 100 2 656 950 7. Refunds 216 775 45 750 479 300 8. New Programs a. Instruction 1 711 140 935 020 4 357 300 b. Organized Research 1 491 800 - 282 800 2 700 800 c. Public Service 0 0 0 9. Program Improvement and Expansion a. Instruction 941 641 355 624 2 238 906 b. Organized Research 296 905 129 700 723 510 c. Extension and Public Service 297 342 74 147 668 831 10. Other Specific Items 4 793 174 - 744 538 8 841 810 C. Total Increase $ 41 307 754 $ 19 077 348 $114 773 786 D. Add: Prior Year's Budget 140 446 794 181 754 548 Seventy-fifth Biennial Appropriation 267 812 658 E. Total Budget for Seventy-sixth Biennium $181 754 548 $200 831 896 $382 586 444 F. Less: Income Fund for the Two Years 12 970 000 14 470 000 27 440 000 G. Budget from General Revenue.. $168 784 548 $186 361 896 $355 146 444 H. Analysis of Increases by Funds Source 3 Seventy-sixth Biennium General Revenue Income Fund Total

(1969-71)

Seventy-fifth Biennium (1967-69) Increases

$355 146 444 $ 27 440 000 $382 586 444

251 437 658 $103 708 786 16 375 000 $ 11 065 000 267 812 658 $114 773 786

1 Funds required for the first year are doubled in computation of biennial total. * Does not include $1,694,908 from the Agricultural Premium Fund or rentals to the Illinois Building Authority.