Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 1503]

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BOARD OF TRUSTEES

[June 20

PRESIDENT PRO TEMPORE

In the absence of Mr. Clement, who was delayed in arriving at the meeting, and on motion of Mr. Johnston, Mr. Williamson was elected President Pro Tempore by acclamation. During the presentation of the annual operating budget for 1962-63, Mr. Clement joined the meeting and took the chair.

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 ON SELECTED TOPICS

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 2 - 6 3 (1) The complete, itemized, operating budget for 1962-63 covering all divisions of University work, together with a condensed analysis and summaries, was sent to the members of the Board of Trustees in advance of today's meeting and is now submitted for official action. The budget is for the fiscal year beginning July 1, 1962, for academic and administrative appointments beginning September 1, 1962, and for nonacademit personnel appointments beginning July 1, 1962. The budget has been prepared by the Executive Vice-President and Provost and the Vice-President and Comptroller in accordance with procedures approved by the President. It is based upon recommendations of the deans, directors, and other administrative officers, and has been reviewed by the President and the University Council. I recommend that this budget, covering the allocation of the estimated operating income from all sources for the year beginning July 1, 1962, be approved; 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 VicePresident 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 $2,500 shall be presented to the Board for approval.

Mr. Williamson, Chairman of the Finance Committee, reported that the Committee had met, in consultation with the President of the University and with other University officials, on Tuesday evening, June 19, 1962, in a work session for a review of the budget in detail. All members of the Committee were present at the meeting; also present were Trustees Richard A. Harewood, Earl M. Hughes, Wayne A. Johnston, Harold Pogue, George T. Wilkins; and the officers of the Board: Mr. C. W. Weldon, Treasurer, Mr. H. O. Farber, Comptroller, and Mr. A. J. Janata, Secretary. Mr. Williamson made an informal report for the Committee stating that it has approved the budget. The President of the University, the Executive Vice-President and Provost, and the Vice-President and Comptroller discussed the budget as presented in the Condensed Analysis and Summaries, a copy of which has been filed with the Secretary of the Board for record.