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Caption: Board of Trustees Minutes - 1974 Version B
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30 BOARD OF TRUSTEES [ J u t y 19 The selection of the best rating method, Guaranteed Cost or Retrospective Rating Plan, is dependent upon a judgment of the anticipated losses during the policy term. An independent consulting firm, Ebasco Services, Inc., Chicago, Illinois, evaluated the bids and concluded the Guaranteed Cost Plan to be the best program. The Vice President and Comptroller recommends the award of the contract to the firm of McManus and Pellouchoud, Inc., Chicago, Illinois, for the quotation on the Guaranteed Cost Plan through the Insurance Company of North America. I concur. O n motion of M r . Forsyth, this contract was awarded by the following vote: Aye, M r . Forsyth, M r . H a h n , M r . H o w a r d , Mr. H u g h e s , M r . K a r n e s , M r . Pogue, Mr. S w a i n ; no, none; absent, D r . Bakalis, M r . Neal, Governor Ogilvie, Mr. Steger. PURCHASES (37) The President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President and Comptroller; also purchases authorized by the President. The list of purchases was presented in two categories: purchases from appropriated funds (i.e., from State appropriations to the University) and purchases from institutional funds. The latter term designates funds received by the University under contracts with the United States government, contracts with private corporations and other organizations, funds from foundation grants, and grants from corporations and other donors, and University revolving funds authorized by law. The total amounts of these purchases were : From Appropriated Funds Recommended $ 208 318 13 From Institutional Funds Recommended $1 048 123 54 Authorized 559 056 00 Total 1 607 179 54 Grand Total $1 815 497 67 A complete list of the purchases, with supporting information, including the quotations received, was sent to each member of the Board in advance of the meeting, and a copy is being filed with the Secretary of the Board for record. On motion of M r . Forsyth, the purchases authorized by the P r e s ident were confirmed, and the purchases recommended were authorized. COMPTROLLER'S REPORT OF PURCHASES APPROVED (38) The approved of $5,000 This Vice President and Comptroller also submitted a report of purchases by him on recommendation of the Directors of Purchases in amounts to $7,500. A copy of this report is filed with the Secretary. report was received for record. COMPTROLLER'S MONTHLY REPORT OF CONTRACTS EXECUTED (39) The Comptroller's monthly report of contracts executed was presented. Medical Center New Contracts With Whom Illinois Regional Medical Program, Inc.: ESR. CO-01-80 OG-11 OG-14S Total Purpose Educationa support resource program Illinois kidney disease program Valley clinic program Amount to be Paid to the University $ 187 45 20 254 703 685 652 040 $
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