Repository: UIHistories Project: Board of Trustees Minutes - 1964 [PAGE 723]

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678

BOARD OF TRUSTEES MINUTES APPROVED

[July 2

T h e Secretary presented the minutes of the meetings of the Board of Trustees on December 19, 1962, and J a n u a r y 17, 1963, press proof copies of which have previously been sent to the Board. O n motion of M r . Johnston, these minutes were approved as printed on pages 263 to 358, inclusive.

ASSIGNMENTS OF FUNDS FROM STATE APPROPRIATIONS FOR 1 9 6 3 - 6 5

President Clement announced that the Chair would entertain a motion to the effect that: all assignments of funds and contract awards made today, which are to be payable from appropriation bills passed by the Seventy-third General Assembly of Illinois but not yet signed by the Governor, are subject to such bills becoming law and, where required, subject to release of the funds by the Governor. O n motion of Mr. Swain, the foregoing action was taken by the following vote: Aye, Mr. Clement, M r . Dilliard, M r . Hughes, Mr. Johnston, M r . Pogue, M r . Swain, M r s . Watkins, Mr. Williamson; no, none; absent, Governor Kerner, Mr. Page. BUSINESS PRESENTED BY T H E PRESIDENT OF THE UNIVERSITY T h e Board took up consideration of the following reports and recommendations from the President of the University.

A N N U A L OPERATING BUDGET FOR 19 6 3 - 6 4

(1) The complete, itemized, operating budget for 1963-64 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, 1963, for academic and administrative appointments beginning September 1, 1963, and for nonacademic personnel appointments beginning July 1, 1963. 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, 1963, be approved, subject to final approval of the University's biennial state appropriations for 1963-65; 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. T h e President of the University, the Executive Vice-President and Provost, and the Vice-President and Comptroller presented the budget, discussing the significant policy recommendations as set forth in the condensed analysis and summaries. A copy of the latter document was filed with the Secretary of the Board for record. M r . Williamson as Chairman of the Finance Committee reported that the Committee had met with the President of the University and other University officials in a special work session on Monday evening.