Repository: UIHistories Project: Board of Trustees Minutes - 1958 [PAGE 513]

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BOARD OF TRUSTEES

[July 16

The Chairman suggested that since two members of the Committee are not present at today's meeting, no action on these items be taken at this time. The Committee adjourned. The Secretary stated that he will file with the records of the Board meeting of July 16 complete reports of the meetings of the Committee of the Whole, the Committee on Buildings and Grounds, and the Committee on General Policy. O n motion of M r . Johnston, the Committee of the W h o l e adjourned. MEETING OF T H E BOARD OF TRUSTEES July 16, 1957 T h e Board of Trustees convened at 10:30 a.m., Tuesday, July 16, 1957, for its regular July meeting. T h e members of the Board, officers of the Board, and University officials as recorded at the beginning of these minutes were present.

MINUTES APPROVED

T h e Secretary presented the minutes of the meetings of the Board of Trustees of April 18 and M a y 28, 1957, press proof copies of which have been sent to all members of the Board in advance. On motion of M r . Johnston, these minutes were approved as printed on pages 339 to 429, inclusive.

HOSPITAL-MEDICAL-SURGICAL. INSURANCE FOR STUDENTS A N D STAFF

The Board of Trustees on June 20, 1957, referred to the Executive Committee, with power to act, a recommendation for the award of a contract to the Bankers Life and Casualt3' Company of Chicago for hospital-medical-surgical insurance for students and staff for 1957-58. The Executive Committee has inquired into the questions raised at the Board of Trustees meeting concerning the ability of the Bankers Life and Casualty Company to fulfill all requirements under the proposed contract on the basis of its low bid of $461,610. The Committee finds that the Company is financially capable of handling the University's program, and its payment of claims record has been good. The Compaq' has agreed in writing to permit the University to decide which claims will be paid and the amount of such claims and to permit the University to draw drafts on the Company in the settlement of the claims. In view of these findings the Committee has approved the award of the contract to the Bankers Life and Casualty Company on its bid of $461,610 and the terms previously reported to the Board of Trustees. T h i s report was received for record.

BUSINESS PRESENTED BY T H E PRESIDENT OF T H E UNIVERSITY

T h e Board took up consideration of the following reports and recommendations from the President of the University.

INTERNAL OPERATING BUDGET FOR 1957-58

( i ) The University's internal operating budget for all divisions and funds for the fiscal year beginning July I, 1957, for academic and administrative appointments beginning September I, 1957, and for nonacademic personnel appointments beginning July 1, 1957, is submitted herewith. This budget has been prepared by the Vice-President and Provost and the Vice-President and Comptroller in accordance with policies recommended by the University Budget Committee and procedures approved by the President. The University Council has also been consulted regarding budget policies and distribution of funds. In this budget new minimum academic salaries are proposed, effective September I, 1957, for all assistants, and for all new appointments and promotions in other ranks as follows: Nine Months' Service Eleven Months' Service Professor $8 400 $10 300 Associate Professor 7 000 8 550