Caption: Board of Trustees Minutes - 1964
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168 BOARD OF TRUSTEES [October 17 Recommended Increases VI. To Meet Increased Cost of Operation: A. Operating Costs of New Buildings in 1963-64 (for two years) (Schedule B, page 176) 1. Urbana-Champaign and Medical Center $ 1 571 100 2. Congress Circle 1 000 000 B. Operating Costs of New Buildings in 1964-65 (for one year) (Schedule B, page 176) 1. Urbana-Champaign and Medical Center 360 000 2. Congress Circle 590 000 C. Increases to Maintain Present Level of Services 1. Increases in Expense and Equipment to Meet Rising Costs and Accumulated Deficiencies 1 500 000 2. Increases in Auxiliary Staff to Meet Accumulated Deficiencies (Schedule C, page 177) 1 073 000 VII. Improvements in Educational Programs 707 000 Total Increases $ 31 044 000 Present Biennial Budget 144 756 000 Proposed Biennial Budget #175 800 000 Fund Distribution General Revenue Income Fund £129 700 000 $15 056 000 30 600 000 444 000 «160 300 000 «15 500 000 Explanation of Increases Requested I. CONTRIBUTIONS TO UNIVERSITY RETIREMENT SYSTEM $ 742 900 Present Budget Increase Proposed Budget Total ?144 756 000 31 044 000 «175 800 000 The University Retirement System provides disability and retirement benefits to all permanent staff members and employees of the University, of all other state institutions of higher education, and of related organizations. T h e University of Illinois' share of the cost of the System is included regularly in its appropriations. An increase of $742,900 for the biennium is required to continue the benefits provided under the law, mainly because of the larger number of persons who will be on retirement. II. T o CONTINUE FOR A F U L L B I E N N I U M F U N D S REQUIRED FOR O N E YEAR O N L Y IN THE 1961-63 BIENNIUM $ 2 700 000 For the current year of the biennium 1961-63 the University's budget as appropriated by the General Assembly included $2,700,000 for increases in 1962-63 above the level for 1961-62. This is shown on page 165 where the budget from General Revenue funds for 1961-62 is given as $63,500,000 while that for 1962-63 is $66,200,000. More money was required in the second year of the biennium due to increased enrollment and to further salary adjustments. This is the kind of difference discussed above concerning the larger budget requested for 1964-65 due to the occupancy of the new campus at Congress Circle and to further salary adjustments for the second year of the biennium. The increase of $2,700,000 is necessary to enable the University to continue throughout the biennium 1963-65 the level of expenditures reached during the second year of the current biennium. III. SALARY ADJUSTMENTS FOR A L L STAFF A. 1963-64 $9 000 000 B. 1964-65 $3 000 000 Academic Staff. The University's original request for salary increases in the last biennium (1961-63) totaled $14,600,000, an amount judged to be necessary to enable the University to retain its present staff and to recruit additional faculty in the face of the increasing heavy competition from other universities and from industry. T h e total finally appropriated, $8,650,000, was only 59 per cent of the amount requested. Although considerable improvement in salaries was made possible by the increased appropriation, it was barely sufficient to enable the
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