Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 704]

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652

BOARD OF TRUSTEES MINUTES A P P R O V E D

[ J u t y 26

The Secretary presented the minutes of the meetings of the Board of Trustees on September 21, 1966, October 13, 1966, and November 10, 1966, press proof copies of which have previously been sent to the Board. On motion of Mr. Swain, these minutes were approved as printed on pages 73 to 265, inclusive.

B U S I N E S S P R E S E N T E D BY T H E P R E S I D E N T O F T H E U N I V E R S I T Y

The Board took up consideration of the following reports and recommendations from the President of the University.

PRESIDENT'S REPORT

President Henry presented a report on selected topics of current interest, copies of which were distributed at the meeting, and a copy was filed with the Secretary of the Board.

ANNUAL OPERATING BUDGET FOR 1 9 6 7 - 6 8 (1) The budget for the fiscal year beginning July 1, 1967, for academic and administrative appointments beginning September 1, 1967, and for appointments to the nonacademic personnel staff beginning July 1, 1967, is submitted herewith. T h e budget has been prepared by the Executive Vice-President and Provost and the Vice-President and Comptroller, based upon recommendations of the deans, directors, and other administrative officers, and in consultation with the University Budget Committee 1 representing all campuses of the University. The budget policies with respect to assignments of funds for promotions and salary adjustments have also been reviewed with the University Council. The budget document submitted contains: a condensed analysis, which describes the principal increases in the budget; Schedules A through H, which give the budget totals and major subtotals; and summaries for each college or administrative unit. Also submitted are four supplemental volumes (two for UrbanaChampaign and one each for the other campuses) presenting budget details for departments, divisions, and other operating units. 1 recommend that this budget, covering the allocation of the estimated operating income from all sources for the year beginning July 1, 1967, and as approved by the Finance Committee, be approved by the Board, and that the President of the University be authorized, in accordance with the needs of the University and the equitable interests involved, and within total income: (a) to accept resignations, (b) to make such additional appointments as are necessary subject to the provisions of the University Statutes and the Policy and Rules Relating to Compensation and Working Conditions of Nonacademic Employees, and (c) to make such changes and adjustments in items included in the budget as are needed, all such changes to be covered in the Vice-President and Comptroller's quarterly financial reports, or in reports to the Board by its Secretary, provided that assignments for new projects or programs and for nonrecurring capital expenditures in excess of $10,000 shall be presented to the Board for approval. Copies of the budget, with a separate condensed analysis and summaries, had been sent to all Trustees for study in advance of today's meeting.

The President of the University, the Executive Vice-President and

1 University Budget Committee: Lyle H. Lanier, Executive Vice-President and Provost, Chairman; Daniel Alpert, Professor of Physics and Dean of the Graduate College; Joseph S. Begando, Chancellor at the Medical Center; Herbert E. Carter, Professor of Biochemistry and Head of the Department of Chemistry and Chemical Engineering (Urbana); Nicholas J. Cotsonas, Professor of Medicine; Wylie H. Davis, Professor of Law; Herbert O. Farber, Vice-President and Comptroller; I. E. Farber, Professor of Psychology and Head of the Department (Chicago Circle); Morris S. Kessler, Assistant Comptroller (Staff Associate); Nathan M. Newmark, Professor of Civil Engineering and Head of the Department (Urbana); Norman A. Parker, Chancellor at Chicago Circle; George W. White. Research Professor of Geology (Urbana); Martin I.. Zeigler, Associate Provost and Director of Institutional Studies (Staff Associate).