Repository: UIHistories Project: Board of Trustees Minutes - 1962 [PAGE 176]

EXTRACTED TEXT FROM PAGE:

1960]

UNIVERSITY OF ILLINOIS

173

officials and other members of the Board of Trustees at a meeting of the Committee held earlier today. The final recommendations of the University administration and of the Finance Committee will be presented to the Board of Trustees at its meeting on November 16, 1960, for approval by the Board of the budget estimates to be submitted to the State Department of Finance and other State officials. President Henry requested, and was granted, authority to make public announcement of his budgetary recommendations a few days in advance of the Board meeting. Mr. Swain announced that he will call a meeting of the Finance Committee of the Board to be held in Urbana, Illinois, on Tuesday, November 10, 1960, for further studies of the budget in consultation with University officials, for the preparation of the Committee's recommendation to the Board, and for a press conference. All members of the Board of Trustees are being invited to participate. Mr. Swain then presented the following progress report of the Finance Committee. The unexpected increase in enrollment in the fail of 1960 delayed final recommendations on the operating budget for 1961-63 until the increase could be analyzed to determine its effect on long-range enrollment predictions and on budgetary requirements. The Seventy-first General Assembly changed the date on which budget requests must be filed with the Department of Finance to November 15, so it will be possible for the BoaTd of Trustees to consider the recommendations at its regular November meeting. The Finance Committee will be prepared to submit detailed recommendations at that time. Increased operating funds will be required to maintain the level of operations reached. This is true for the increased costs of the Retirement System because of new retirements in 1960-61. In addition, the Seventy-first General Assembly appropriated some funds for only the second year of the current biennium, recognizing that additional funds would have to be appropriated in the 1961-63 biennium. While considerable progress was made in increasing academic salaries in the current biennium, further increases will be required if the University is to maintain its competitive position in meeting increases made nationally to improve the economic status of the teaching profession. Projections of enrollment indicate further increases, which in turn will require substantial additions to staff, expense, and equipment budgets to provide instruction for the additional students. Further budget additions are needed to meet the increased cost of operations resulting from the operation of new buildings, from accumulated deficiencies in expense and equipment budgets caused by rising prices, as well as by inadequate provisions of the past, and from the unanticipated enrollment in the current biennium. Finally, there Is a need for improvement and expansion of extensiou and additions to the educational programs. Some funds were appropriated in the current biennium for this purpose, and continuation of this kind of development is essential if the University is to maintain the high standing it has achieved among the great universities of this country. The details of each area of need, with the amounts recommended by the President of the University and the Finance Committee will be sent to the Board of Trustees in advance of the November meeting. On motion of Mr. Pogue, this report was adopted, and the procedure for puhlic announcement of the budget recommendation was authorized with the understanding that these recommendations will be subject to approval by the Board of Trustees on November 16, 1960.