Caption: Board of Trustees Minutes - 1946
This is a reduced-resolution page image for fast online browsing.
EXTRACTED TEXT FROM PAGE:
276 BOARD OF TRUSTEES [October 24 Net Amount Recommended College or Division Chicago: Medicine Dentistry Pharmacy School of Nursing Illinois Eye and E a r Infirmary Services for Crippled Children Research a n d Educational Hospitals Total, Chicago Libraries Physical Plant Administrative Offices and General Expense Grand Total \ 103 441 (103 17 243 252 $4 665 441) 250 195 227 455 SCHEDULE III PROPOSED BUDGET FOR OPERATIONS FROM STATE APPROPRIATIONS, 1945-1947 (With Comparative Figures for 1943-1945) Proposed A. Expenditures: 1943-1945 Increase1 1. Educational Budget $18 582 701 J i o 230 392 2. Non-Educational 1 520 945 149 055 Total $20 103 646 $10 379 447 B. Sources of Funds: 1. State Tax Revenues $15 281 924 $ 8 880 907 2. Federal Grants 320 262 3. University Income 4 501 460 I 498 540 Total $20 103 646 $10 379 447 Proposed 1945-1947 S28 813 093 I 670 000 $30 483 093 $24 162 320 6 000 $30 483 831 262 000 093 l AHowing for increased income in student t fees and other sundry adjustments. This increase in state appropriations is the sum required to cover the increases in the operating budget shown in previous schedules. The Comptroller commented on the details of the proposed budget. On motion of Mr. Davis, this budget (with the exception of an item of $50,000 for undergraduate scholarships) was approved as the tentative biennial budget for submission to the State Department of Finance. REPORT O F FINANCE COMMITTEE M r . Davis, for t h e Finance Committee, presented t h e following report. On recommendation of investment counsel, t h e T r u s t Department of the First National Bank of Chicago, the Finance Committee has authorized the purchase of the following items as temporary investments of surplus cash of our Student Loan F u n d s : Oregon Short Line Railroad Consolidated first S's due July 1, 1046, at approximately io6yi. Oregon Short Line Railroad Consolidated first guaranteed 5's d u e July I, 1946, at approximately 1 0 6 ^ . Canadian Northern Railway Debenture 6 ^ ' s due July I, 1946, at approximately 109. O. M. KARRAKER, Chairman CHESTER R. D A V I S F R A N K H . MCKELVEY On motion of Mr. Davis, the action of the Finance Committee in authorizing these investments was approved and confirmed.
| 
