Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 268]

EXTRACTED TEXT FROM PAGE:

216

BOARD O F T R U S T E E S

[November

10

which the 1965-67 appropriation would have to be increased (67,284,774) to give the total budget requested for 1967-69. T h e latter amount is shown as $281,748,436 in Schedule A. T h e total appropriation requested for 1967-69 is approximately 31 per cent above that for 1965-67. This percentage is to be compared with the increase of 29 per cent in the appropriation requested two years ago for 1965-67 as compared to that for 1963-65. Special attention is called to the fact that some $21,400,000 of the total requested budget would be provided from University income — an increase of $3,300,000 above the amount of University income included in the appropriation for 1965-67. Almost $2,000,000 of this amount represents an increase anticipated in the income from fees charged by the Research and Educational Hospitals during the next biennium. It will be noted later that the substantial increase in funds requested for the operation of the Hospitals during 1967-69 will be largely offset by the increased income. Schedule A. Biennial B u d g e t R e q u e s t for Operations, 1967-1969 A. Budgetary Summary — Seventy-fourth Biennium (1965-67) 1965-66 1966-67 Total General Revenue $ 93 339 271 $103 024 391 $196 363 662 Income Fund 9 050 000 9 050 000 18 100 000 Total Seventy-fourth Biennial Appropriation $102 389 271 $112 074 391 $214 463 662 B. Increases Requested — Seventy-fifth Biennium (1967-69) Annual Increases Biennial 1967-68 1968-69 Total 1. Adjustments to Base Budget 0 0 0 2. Statutory Increases a. Retirement System Contributions $ 2 672 600 $ 5 345 200 b. Activity Fees 0 0 0 3. Salary Adjustments 6 492 812 $ 6 969 368 19 954 992 4. Increased Enrollments 3 817 719 3 983 451 11 618 889 5. Operating Costs of New Buildings 1 0 1 4 855 1 3 8 4 175 3 413 885 6. Other Increases a. Price Increases 634 432 656 636 1 925 500 b. Refunds 85 000 170 000 c. Organized Research. 716 000 465 700 1 897 700 d. Extension and Public Service 1 2 6 0 500 188 500 2 709 500 e. Other Specific Items 3 679 438 150 500 7 509 376 Subtotal (6 375 370) (1461336) (14 212 076) 7. New Programs and Major Improvements 822 100 290 350 1 934 550 Total Increases Requested $ 21 195 456 $ 14 088 680 J 56 479 592 C. Preceding Year's Budget $112 074 391 $133 829 878 D. Biennial Overlap $ 10 805 182 E. Biennial Overlap Less Increase 1966-67 Over 1965-66 560 031 F . Total Budget for Seventy-fifth Biennium $133 829 878 $147 918 558 $ 2 8 1 7 4 8 436 G. Less University Income F u n d . . . 10 500 000 10 900 000 21 400 000 H. Budget from General Revenue. . $123 329 878 $137 018 558 $260 348 436 I. Total Increases Requested for Seventh-fifth Biennium $ 67 284 774 J. Less University Income F u n d . . . 3 300 000 K. Total Increases Requested from General Revenue for Seventyfifth Biennium $ 63 984 774