Caption: Board of Trustees Minutes - 1970
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404 BOARD OF TRUSTEES [ M a y 21 Trust Benefit Fund Purchase: $114 000 U.S. Treasury bills due 2/28/70 Zerbee Scholarship Purchase: $15 000 U.S. Treasury bills due 2/28/70 Art Objects Construction Funds Purchase: $12 000 U.S. Treasury bills due 6/26/69 Krannert Contributions Purchase: $285 500 Cargill 5% per cent notes due 6/30/76 Orchard Apartments Sale: $25 000 U.S. Treasury bills due 7/24/69 Sinkin Assembly Hall 9 Sale: $15 000 U.S. Treasury bills due 7/31/69 Men's Residence Halls of 1957 Sale: $ 1 000 U.S. Treasury bills due 3/24/69 Purchase: $30 000 U.S. Treasury bills due 3/24/69 Revenue Bonds of 1952 Funds 107 091 79 14 145 83 11 818 60 285 500 00 24 376 91 14 677 35 995 26 29 916 67 $281 500 U.S. Treasury 2 ^ per cent bonds due 3/15/70 14 000 U.S. Treasury 3 % per cent bonds due 11/15/74 Union (Chicago Circle) Purchase: $312 000 U.S. Treasury bills due 6/19/69 This report was received for record. 272 131 33 12 467 50 307 252 23 REPORT OF FINANCE COMMITTEE ON TREASURER'S BOND (32) The Finance Committee reports that it has received from Robert R. Manchester, Treasurer of the University, a bond in the amount of $6,000,000 with the Continental Casualty Company as Surety. The bond has been approved by the University Counsel of the University and by the Vice President and Comptroller. The Finance Committee has accepted the bond and reports its receipt for record. T h i s report was received for record. REPORT ON REVISED ESTIMATES OF FINANCIAL AID F U N D S , ANTICIPATED AND NEEDED, FOR 19 6 9 - 7 0 (ALL CAMPUSES) (33) The Trustees received some weeks ago a report of estimates of the University's need for financial aid funds for undergraduate students for next year, prepared by the directors of financial aid at each of the campuses and coordinated by the Director of University School and College Relations, Dr. E. E. Oliver. At the request of the Executive Vice President and Provost, the estimates have been reviewed to reflect refinements of categories and to take into account notifications, recently received, of federal allocations for 1969-70. Director Oliver reports that discrepancies between funds anticipated and funds needed are greater than in the earlier estimates, primarily because of reductions in federal funds — as well as because of a shortage of state-guaranteed loan funds greater than previously estimated.
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