Repository: UIHistories Project: Board of Trustees Minutes - 1942 [PAGE 240]

EXTRACTED TEXT FROM PAGE:

1941]

UNIVERSITY OF ILLINOIS

237

executive session of the Budgetary Commission to be held next Monday evening, March 31. This will probably be the final meeting of the Commission. Very truly yours,

GEORGE B. MCKIBBIN

Director

of

Finance

Mr. Morey presented the explanation of the budget as submitted to the State Department of Finance, and commented on the general financial features. Provost Harno presented at length the breakdown of increases as included in the budget, and Professor Griffith, Dean Allen, and Director Havens also made statements. During the discussion, President Cleary announced that he had just had a telephone conversation with Director McKibbin, in which the Director stated that the Budgetary Commission had approved an increase in the operating budget of the University of ten per cent instead of seven as proposed in his letter. The effect of this would be to make the item for operation from the general funds of the State $12,382,189 instead of $12,044,493 a s previously proposed by the Commission or of $13,370,176 as requested by the University. On motion of Mr. Fornof, the Board voted unanimously to reaffirm the budget as adopted for presentation to the Department of Finance (Minutes, October 21, 1940, page 100) as representing the minimum needs of the University for the coming biennium, and the President of the Board was requested to inform the Budgetary Commission of this action. On motion of Mr. Davis, the President of the Board was requested to ask a further hearing before the Budgetary Commission and to seek opportunity to discuss the budget with the Governor and the Director of Finance.

AGREEMENT W I T H DEPARTMENT OF PUBLIC WELFARE

Judge Johnson presented a modification of the agreement with the Department of Public Welfare to provide for the transfer to the University of the operation of the Research Hospitals in Chicago. President Willard recommended the approval of this agreement. On motion of Mrs. Grigsby, the Board concurred in this recommendation and authorized its President and Secretary to execute the agreement.

TREASURER'S BOND

On motion of Mr. Davis, the University Counsel was requested to prepare a suitable form of bond, with the following sureties, Edward Eagle Brown, Harold V. Amberg, and Bentley G. McCloud, with responsibility in the amount of $800,000, to constitute on execution the bond of Mr. Frank M. Gordon, Treasurer.

AGREEMENT WITH PRESBYTERIAN HOSPITAL

Judge Johnson presented a modification of the proposed agreement with Presbyterian Hospital, to provide for the continuation of Rush Medical College to give graduate work only. Dean Allen expressed his approval of this provision. On motion of Mr. Davis, this modification was authorized.