Repository: UIHistories Project: Board of Trustees Minutes - 1968 [PAGE 705]

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1967]

U N I V E R S I T Y OF I L L I N O I S

653

Provost, and the Vice-President and Comptroller presented the budget, and discussed the several recommendations as outlined in the condensed analysis and the classifications of expenditures in the summaries. A copy of the condensed analysis is filed with the Secretary of the Board for record. Mr. Grimes, Chairman of the Finance Committee, reported that the Committee had reviewed the budget in a special work session on Tuesday evening, July 25, 1967, and had recommended some changes, and that the budget as now being presented to the Board was amended accordingly. In addition to Messrs. Grimes, Clement, and Swain of the Finance Committee, Messrs. Hahn, Hughes, Johnston, and Pogue participated in the work session. Mr. Grimes stated that the Finance Committee recommended that the budget as presented be approved. Following the presentations of reports and discussions by members of the Board, on motion of Mr. Grimes, the budget was approved; authority was given as requested in the President's recommendations; and the appropriations required were made by the following vote: Aye, Mr. Clement, Mr. Grimes, Mr. Hahn, Mr. Hughes, Mr. Johnston, Mr. Page, Mr. Pogue, Mr. Swain; no, none; absent, Mr. Jones, Governor Kerner, Dr. Weatherly. The complete budget is printed separately as a supplement to these minutes.

BUDGET OF THE ATHLETIC ASSOCIATION FOR 1 9 6 7 - 6 8 (2) T h e Director of Intercollegiate Athletics has submitted, on behalf of the Board of Directors of the Athletic Association, the budget for the Association for 1967-68 which is summarized as follows with comparative figures for the preceding year: 1966-67 1967-68 Income $1 504 425 $1 678 414 Appropriations 1 495 885 1 678 414 Excess of Income 8 540 0 The budget has been reviewed and approved by the Executive Vice-President and Provost and the Vice-President and Comptroller. I recommend that this budget be approved and that the Board of Directors of the Athletic Association be authorized to make such changes and adjustments, including approval of new appointments and acceptances of resignations, as are necessary within the total income and surplus of the Association, provided that: appointments of head coaches and administrative officers and assignments of funds for new projects or nonrecurring capital expenditures in excess of $10,000 shall be presented to the Board for approval. A copy of the budget is being filed with the Secretary of the Board for record.

On motion of Mr. Pogue, this budget was approved.

INTRODUCTION OF CHANCELLOR J . W. PELTASON (3) President Henry introduced Chancellor J. W. Peltason who became the Chancellor of the University of Illinois at the Urbana-Champaign campus on July 1, 1967. AWARD OF CERTIFIED PUBLIC ACCOUNTANT CERTIFICATES (4) The Committee on Accountancy recommends that the certificate of Certified Public Accountant be awarded, under Section 5 of the Illinois Accountancy Act of 1943, as amended, to the following candidates who have presented evidence that they are holders of valid and unrevoked Certified Public Accountant certificates obtained by passing a standard written examination in another state or territory of the United States and who qualify in all other respects under this provision of the law: