Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 177]

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166

BOARD O F T R U S T E E S

[ D e c e m b e r 15

Resolution

Whereas, in its application for a noncommercial educational standard broadcast station at Cicero, Illinois (FCC File No. BP-20-131), The Board of Trustees of the University of Illinois estimated that it would cost $142,052.00 to construct the station and as much as $218,000.00 to operate the station during its first year; and Whereas, the Federal Communications Commission has requested the University of Illinois to identify the methods by and sources from which funds for such purposes will be provided: Now, Therefore, Be It Resolved by The Board of Trustees of the University of Illinois (hereinafter the "Trustees"): 1. The Trustees propose that the foregoing capital and first-year operating requirements be met with funds to be appropriated to the University of Illinois by the General Assembly of the state of Illinois, and the Trustees will seek such appropriations as a part of the annual budget request to the General Assembly for funds at or about the time the construction permit and license are issued. Other sources, such as donations, may also be utilized. 2. If for some reason funds are not made available from the sources identified in Paragraph 1 above, the Trustees have other sources of funds available which are eligible to be applied for such purposes. The University has in its treasury from time to time certain unrestricted, unallocated fund balances that can be drawn upon by action of the Trustees without further action by the General Assembly of the state of Illinois. The current balance in said account which could be applied to this project exceeds $2,485,000 and in the past five years the balance has never been less than $1,000,000. In the event that the University receives a construction permit and license for the proposed radio facility and the state appropriation or donation funds either fail to materialize or fall short of the anticipated requirements, these funds in the University treasury could by subsequent action of the Board of Trustees be applied to finance the Cicero radio project. Attached to this resolution is a copy of the University of Illinois "Report of the Comptroller for the Year Ended June 30, 1975,"1 wherein the available balance in the University treasury referred to in this Paragraph 2 appears as a part of the $19,648,886 item of "Current Funds, Unrestricted, Fund Balances, Unallocated" on page 7. T h e student advisory vote w a s : A y e , M r . C o n l o n , M r . M a t d i e w s , M r . V o l g m a n ; no, none. O n m o t i o n of M r . Velasquez, t h e foregoing expenditures w e r e a u thorized, a n d the foregoing resolution was a d o p t e d by t h e following v o t e : A y e , M r . H a h n , M r . H o w a r d , M r . Lenz, M r . Livingston, M r . N e a l , Mrs. R a d e r , M r s . S h e p h e r d , M r . V e l a s q u e z ; n o , M r . Forsyth; absent, Governor Walker.

Purchases

(14) The President submitted, with his concurrence, a list of purchases recommended by the Directors of Purchases and the Vice President for Administration. 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, private corporations,

1

A copy of this report is filed with the Secretary of the Board.