Repository: UIHistories Project: Board of Trustees Minutes - 1954 [PAGE 784]

EXTRACTED TEXT FROM PAGE:

1953]

UNIVERSITY OF ILLINOIS

78l

Exchange: $13,000 United States of America 2 j 4 % Savings Bonds, Series G, due 1953, for $13,000 United States of America 3%% Treasury Bonds due 1983, optional 1978 Chicago Professional Colleges Revenue Bond Fund of 1951 Purchases: $183,500 United States Treasury 2}4% Bonds, due June 15, 1959, @ 94 5/32, plus interest 174 478 13 Purchases: Current Funds $10,000 United States of America certificates of indebtedness 2yi%, Series A, due February 15, 1954, (2j 99 29/32, plus interest.. $10,000 United States of America 2^/2% Treasury Bonds, due March 15, 1958, optional March 15, 1956, @ 98 30/32, plus interest $30,000 United States of America l j ^ % Treasury notes, Series A, due March 15, 1955, @ 98 7/32, plus interest

10 039 33 9 928 40 29 527 99

This report was received for record.

REPORT OF COMMITTEE ON NONACADEMIC PERSONNEL ON LAY-OFF OF PHYSICAL PLANT DEPARTMENT EMPLOYEES Mr. Grange presented the following report: On June 22, 1953, the Board referred to your Committee for advice, the protest presented to the Board on that date by officers of the Twin City Federation of Labor of Champaign and Urbana of the lay-off of employees by the Physical Plant Department which was necessary to operate within its budgetary allotment for 1953-1954. All members of the Board had received prior to that meeting a letter from Senator Everett R. Peters dated June 17, 1953, in which the lay-off was also questioned. At the meeting of June 22, the Board received an interim report from the President of the University on the 1953-1954 budget showing necessity of finding funds to the extent of $2,775,000 a year to make internal readjustments. The Physical Plant Department along with all other departments and divisions of the University was called upon to make a decrease of 5 per cent in its total budget. It was also asked to assume the deficiency resulting from increases in rates of prevailing rate groups made during the biennium of 1951-1953 which exceed the total available for that purpose during said biennium and which additional amount is required to carry these rates through the biennium of 1953-1955 if all employees were continued in service. It should be noted that while the Physical Plant Department was called on to make these adjustments, other divisions of the University were also called on to make specific decreases. The Comptroller and the President have furnished the Committee additional information concerning the budgetary situation. T h e Governor has now approved a bill which will assure the University the income estimated at $200,000 a year from veterans' tuition which otherwise would not have been available. This makes possible some additional allocation to the Physical Plant Department. A detailed analysis of the Physical Plant budget shows that decreases were required as follows: 1. For accrued deficiency in prevailing rate increases $256 566 (Instead of $200,000 as previously estimated) 2. For uniform decreases (5 per cent) $266 150 Sub-total $522 716 In addition the Physical Plant Department found it necessary to provide various increases totaling $ 82 677 Total decrease in existing Physical Plant budget $605 393 To meet these decreases the Physical Plant Department took the following steps: 1. Decreases in operating expense not related to personnel $154 669 2. Reduction in operating personnel $450 724