Caption: Board of Trustees Minutes - 1954
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666 BOARD OF TRUSTEES MINUTES APPROVED [June 22 The Secretary presented the minutes of the meeting of the Board of Trustees on May 23, 1953, press proof copies of which had been sent to all members of the Board in advance. On motion of Mr. Johnston, the minutes were approved as printed on pages 645 to 663, inclusive. INTERNAL BUDGET FOR 1953-1954 The President of the University presented the following interim report: The General Assembly has appropriated $79,226,449 to the University of Illinois for operations during the biennium 1953-1955. This represents an increase in the total operating budget of $1,229,158 for two purposes: To place the operating appropriation of the Research and Educational Hospitals Addition, Chicago, on a biennial basis ?940 000 To meet employer contributions to the University Retirement System of Illinois 303 868 $1 243 868 Less transfer to Institution for Tuberculosis Research 14 710 ?i 229 158 While the total appropriation, after allowing for these specific additions, is the same as for 1951-1953, the actual resources for the year 1953-1954 are deficient under the status quo budget by about $700,000 because of the following: 1. To maintain existing prevailing wage rates on a biennial basis (with minor exceptions these are in the Physical Plant Department) ?200 000 2. To maintain nonacademic salary ranges and commitments in all departments of the University 100 000 3. To meet commitments already made to academic staff... 25 000 4. To offset fee income not replaced by tax appropriations. . 375 000 $ 700 000 In addition the following essential increases should be made: 1. To place temporary additions to the 1952-1953 budget on a permanent budget basis $ 2. To provide for staff additions in selected areas where required by increased enrollment 3. For selective salary increases Academic £750 000 Nonacademic (in addition to increases for prevailing wage groups) 425 000 (1 175 000) To raise the minimum for Assistants to #2,700 150 000 250 000 350 000 1 325 000 4. For budget additions for the development of certain departmental programs of the highest priority 150 000 Total by which existing budgets must be reduced to meet above increases $2 775 000 To make these adjustments within the total available resources, the following steps are being taken: 1. Uniform reduction of five per cent in all budgets ?I 700 000 2. Specific reductions in all University divisions 875 000 3. Specific reduction in Physical Plant Department to carry existing prevailing rate scales through biennium 200 000 Total for the year 1953-1954 $2 775 000 This report was received for record.
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