Repository: UIHistories Project: Board of Trustees Minutes - 1954 [PAGE 1373]

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1370

BOARD OF TRUSTEES

[June 21

INTERNAL OPERATING BUDGET FOR 19 5 4 - 1 9 5 5 (2) I present the University's internal operating budget for all divisions and funds for the fiscal year beginning July I, 1954, and for the academic and administrative appointments beginning September I, 1954. This budget has been prepared by the Provost and the Comptroller in accordance with procedures approved by the President and in conferences with deans, directors, and other administrative officers. I recommend that this budget, covering the allocation of the estimated operating income from all sources for the year beginning July I, 1954, be approved; 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 Nonacademk 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 Comptroller's quarterly financial report, or in reports to the Board by its Secretary, provided that assignments for new projects or programs and for nonrecurring expenditures in excess of $2,500 shall be presented to the Board for prior approval.

On motion of Mr. Bissell, the President of the University was authorized to take the actions specified above, the budget was approved, and the appropriations were made as recommended by the following vote: Aye, Mr. Bissell, Mr. Herrick, Mr. Hickman, Mrs. Holt, Mr. Johnston, Mr. Livingston, Mr. Megran, Mr. Nickell, Mrs. Watkins; no, none; absent, Mr. Grange, Mr. Stratton. The complete budget is included as an appendix to these minutes on pages 1440 to 1712.

INTERNAL BUDGET OF T H E ATHLETIC ASSOCIATION FOR 1 9 5 4 - 1 9 5 5 (3) The Director of Intercollegiate Athletics submits, on behalf of the Board of Directors of the Athletic Association, the budget for the Association for 1954-19SS which is summarized as follows with comparative figures for the preceding year: 1953-1954 1954-1955 1953-1954 Revised Proposed Budget Estimate Budget Income $864 425 $869 264 £953 700 Expenditures Budget Appropriations 847 642 856 692 912 338 Special Appropriations 10 000 10 000 29 200 Total Expenditures S857 642 $866 692 $941 538 Excess of income over expenditures $ 6 783 $ 2 572 $ 12 162 The budget has been examined and approved by the Provost and the Comptroller. Salaries paid jointly by the Athletic Association and the School of Physical Education have been approved by the Director of the School. I recommend that this budget be approved and that the President of the University be authorized to make such changes and adjustments, including approval of new appointments and acceptances of resignations, as arc necessary and recommended by the Board of Directors of the Athletic Association within the total income realized.

On motion of Mr. Herrick, this budget was approved and authority was given as recommended.

COMMITTEE ON ACCOUNTANCY (4) The regulations adopted by the Board of Trustees for the administration of the Illinois accountancy law provide that the University's administrative functions shall be performed by a Committee on Accountancy appointed by and responsible to the President of the University. T h e Committee consists of the Director of Admissions and Records and two other members of the University faculty.