Repository: UIHistories Project: Board of Trustees Minutes - 1976 [PAGE 480]

EXTRACTED TEXT FROM PAGE:

1975]

UNIVERSITY OF ILLINOIS

469

est, copies of which were distributed at the meeting, and a copy was filed with the Secretary of the Board. Master Plan, Phase IV Mr. Howard reviewed briefly the action of the Board of Higher Education at its meeting of December 2. He indicated that there had been improvements in the second draft of the text as presented to the Board on that date, particularly in tone and emphasis. There remained some major issues, including those raised by the Board of Trustees in its communications to the Board of Higher Education. He reported that a schedule of public hearings is being developed and will be announced soon; the expectation is that all of the hearings will take place in January 1976. Billing Procedures, University Hospital President Corbally took note of public comment with regard to the audit report of the University's accounts for fiscal 1974 and asked Vice President Brady to comment on this subject. Mr. Brady pointed out that, because a number of major accounting procedures in higher education were being implemented in Illinois in 1974, the audit for that year came late in calendar 1975 — and, as a result, responses from the agencies audited were not included in the audit report. This omission has led to a number of misconceptions, with particular reference to the explanation or correction of matters mentioned in the newspapers. For example, one press account indicated that some $1,900,000 in accounts receivable was not billed to third parties by the University of Illinois Hospital, the implication being that the University had not received the money. In fact, Mr. Brady indicated, there have been delays in billing, but no loss of revenue. Chancellor Begando reported that a number of efforts were being undertaken to accelerate billings, with the expectation that the backlog would be reduced to a normal level by the end of April 1976. Similarly, a reference to unbilled foundation grants at Urbana was in error; the billing was completed, although not by the time of the audit report. T h e bills were submitted in due course, and all revenues were received. REGULAR AGENDA T h e Board considered the following reports and recommendations from the President of the University. Award of Certified Public Accountant Certificates (1) The Committee on Accountancy recommends that the certificate of Certified Public Accountant be awarded to a candidate who passed the standard written examination in May 1975 in Illinois and who has fulfilled all other legal requirements under Sections 1, 2, and 3 of the Illinois Accountancy Act of 1943 as amended. The name of the candidate is filed with the Secretary.