Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 1066]

EXTRACTED TEXT FROM PAGE:

1957]

UNIVERSITY OF ILLINOIS

IO63

(c) By mutual agreement between the Press and a college, school, or institute, responsibility for editing and distributing publications of a particular division of the University may be delegated to an editor (and assistants if needed) on the staff of that division. (d) Establishment by any division of the University of a journal to be offered for sale to the general public shall require prior approval by the University Press Board. Such approval shall not be required, however, for periodicals whose aim is to report the activities and findings of research and service divisions established for the purpose of disseminating such information (e.g., Agricultural Experiment Station and Extension Service, Engineering Experiment Station, Institute of Labor and Industrial Relations, Bureau of Business Management, etc.). (e) The Director of the Press shall be responsible for the administration of contracts with authors. Such contracts shall define the rights and obligations of the author and of the Press, and shall state the basis on which royalty payments are to be made to the author and the basis on which receipts from the sale of secondary rights — reprints, foreign translations, serial, dramatic, motion pictures, radio, television — are to be divided between the Press and the author. A copy of the printed agreement in use by the Press shall be made available upon request.

BUSINESS OFFICE

Sec. 11. (a) The Vice-President and Comptroller shall report to the President and perform the following and such other functions as may be assigned to him by the Board of Trustees or the President: (1) Be the general fiscal officer of the Board. He shall approve for the Board all expenditures for which a general or specific appropriation has been made by the Board. (2) Assist the Finance Committee of the Board in matters pertaining to the handling of funds and investments. (3) Report to the Board quarterly the financial condition and operations of the University, and at such times and on such other matters as it may direct. (4) Devise and install suitable systems of accounting and business procedure. (5) Designate the place and manner in which financial records shall be maintained. (6) Be the general business officer of this University and be responsible for those offices comprising the Business Office of the University and located on all campuses of the University, whose delegated responsibilities are as described below: a) The Auditor's responsibilities extend to all University locations. He shall: i) Verify by audit the transactions and records of all officers and employees responsible for the receipt or expenditure of money, for the keeping of accounts, or for the custody of property. ii) Review accounting systems and business procedures, test the effectiveness of the system of internal control, and assist in the installation of new procedures. iii) Audit or cause to be audited the accounts of all organizations required to submit financial reports to the University.