Caption: Board of Trustees Minutes - 1968
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728 BOARD OF TRUSTEES [September 20 of Conduct applicable to employees under the State Personnel Code. Many other public and private employers have similar codes. The Civil Service Handbook contains a listing of specific items for which discipline may be imposed but does not include some important ones, e.g., unsatisfactory work performance. The rules, in this case actually guides, which the President proposes to issue at this time are being filed with the Secretary of the Board for record. I concur in the recommendation that these policies be approved as herein presented. Upon their approval, appropriate rules will be issued as indicated, and modified from time to time as circumstances warrant according to the policies established. On motion of Mr. Swain, this recommendation was approved. PURCHASES (25) The President submitted, with his concurrence, a list of purchases recommended by the Director of Purchases and the Vice-President and Comptroller; also a list of purchases authorized by the President. The lists of purchases authorized and purchases recommended for Board approval were presented in two categories: purchases from appropriated funds (i.e., from state appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundations grants, and grants from corporations and other donors, and University revolving funds authorized by law. The total amounts of these purchases were: From Appropriated Funds Purchases Authorized $ S 353 00 Purchases Recommended 186 149 40 $191 502 40 From Institutional Funds Purchases Authorized 26 495 00 Purchases Recommended 280 121 43 $306 616 43 Grand Total $498 118 83 A complete list of the purchases authorized and purchases recommended, with supporting information, including the quotations received, was sent to each member of the Board in advance of the meeting, and a copy is being filed with the Secretary of the Board for record. On motion of Mr. Clement, the purchases authorized by the President were approved, and the purchases recommended were authorized. COMPTROLLER'S REPORT OF PURCHASES APPROVED (26) The Vice-President and Comptroller also submitted a report of purchases approved by him on recommendation of the Director of Purchases in amounts of $2,500 to $5,000. A copy of this report is filed with the Secretary. This report was received for record. INVESTMENT REPORT Report of the Finance Committee (27) The Finance Committee reported the following changes in investments of endowment funds for the months of June and July, 1967: Endowment Pool Sale $21 000 Columbia Gas System 4H per cent bonds due 10/1/81 $ 19 687 50 Purchase $10 000 Natural Gas Pipeline AVz per cent due 9/1/84 8 800 00
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