Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 1283]

EXTRACTED TEXT FROM PAGE:

1238

BOARD OF TRUSTEES MINUTES APPROVED

[June 17

The Secretary presented the supplement to the minutes of the meeting of the Board of Trustees on July 2, 1963, and the minutes of the meetings of the Board of Trustees on September 18, October 26, and November 23, 1963, 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 1 to 411, inclusive, and on pages 745 to 932, inclusive. BUSINESS PRESENTED BY THE PRESIDENT OF THE UNIVERSITY 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.

A N N U A L OPERATING BUDGET FOR 1964-65

(1) The complete, itemized, operating budget for 1964-65 covering all divisions of University work, with a condensed analysis and summaries, is submitted for official action. The budget is for the fiscal year beginning July 1, 1964, for academic and administrative appointments beginning September 1, 1964, and for nonacademic personnel appointments beginning July, 1964. 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. It has also been reviewed by the Finance Committee of the Board. I recommend that this budget, covering the allocation of the estimated operating income from all sources for the year beginning July 1, 1964, as amended and 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 $2,500 shall be presented to the Board for approval. A copy of the complete budget and of the condensed analysis and summaries had previously been sent to each member of the Board of Trustees.

Mr. Williamson, Chairman of the Finance Committee, reported that the Committee had met on June 16, 1964, and had recommended some changes, and that the budget as now being presented to the Board was amended accordingly. Mr. Clement, Mr. Johnston, Mr. Pogue, and Mrs. Watkins also participated in the meeting of the Committee. The President of the University, the Executive Vice-President and Provost, and the Vice-President and Comptroller then discussed the budget and the presentation of the policy recommendations as set forth in the condensed analysis and summaries. A copy of this document has been filed with the Secretary of the Board for record. Following discussion by members of the Board, on motion of Mr. Williamson, the budget was approved, authority was given as requested