Repository: UIHistories Project: Board of Trustees Minutes - 1978 [PAGE 217]

EXTRACTED TEXT FROM PAGE:

206

BOARD OF TRUSTEES

[February 16

to the user nor the costs of operating the plan. Therefore, it is recommended that the service charge be increased to 1 percent of the amount deferred, with a minimum charge of $2. This charge will be equivalent to an 8 percent annual charge on the unpaid balance, an amount considerably lower than that charged generally by business firms. The registration-by-mail program may increase the number of students who elect the installment plan, if only because the plan's availability will be more widely publicized among students through the mailing processes. T o encourage prompt payment, and to prevent the escalation of collection costs and losses from delinquencies, it is further recommended that a charge of 1 percent per month, with a minimum charge of $1, be authorized for delinquent balances carried in student accounts receivable. The Chancellor at the Urbana-Champaign campus has recommended that these modifications be approved, effective with the implementation of the registration-by-mail program which is currently planned for the fall of 1978. The Vice President for Administration concurs. I recommend approval. O n m o t i o n of M r . N e a l , these r e c o m m e n d a t i o n s were approved.

Award of Certified Public Accountant Certificates

(6) The Committee on Accountancy recommends that the certificate of Certified Public Accountant be awarded to 766 candidates who passed the standard written examination in November 1976 in Illinois and who have fulfilled all other legal requirements under Sections 1, 2, and 3 of the Illinois Accountancy Act of 1943, as amended. The names of the candidates are filed with the Secretary. The Committee on Accountancy also recommends that the certificate of Certified Public Accountant be awarded, under Section 5 of the Illinois Accountancy Act of 1943, as amended, to six candidates who have presented evidence that they are holders of valid and unrevoked Certified Public Accountant certificates obtained by passing a standard written examination in another state or territory of the United States and who qualify in all other respects under this provision of the law. The names of the candidates are filed with the Secretary. The Committee on Accountancy, pursuant to Rule 16(d) of the Regulations, also recommends that the certificate of Certified Public Accountant be awarded to fourteen candidates who wish to transfer the examination credit earned by passing the standard written examination in another state and who have fulfilled all other legal requirements under Sections 1, 2, and 3 of the Illinois Accountancy Act of 1943, as amended. The names of the candidates are filed with the Secretary. I concur.

On motion of Mrs. Rader, these certificates were awarded. Budgetary Allocation by the Athletic Association of the University of Illinois at Urbana-Champaign

(7) The Board of Directors of the Athletic Association of the University of Illinois at Urbana-Champaign in their meeting of January 31, 1977, approved a budgetary allocation of $44,400 from the association's unappropriated surplus to the 1976-77 operating budget for football staff salaries. The allocation is to cover the changeover to the new football coaching staff and consequent overlapping of salaries with the prior staff. Approval of this action is requested.

On motion of Mr. Hahn, this action was approved.