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Caption: Board of Trustees Minutes - 1978
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506 BOARD OF TRUSTEES (January 18 Report on Tuition At President Corbalh/s request, Vice President Brady presented in some detail an analysis of the effect of inflation on University operations and an analysis of alternative tuition increases and their relation to costs and inflation. Information was provided based upon the following alternatives: the setting of tuition at one-third of undergraduate instructional costs; the recommendations of the Illinois Board of Higher Education, which are less t h a n the above, but are designed to move rates toward that objective; increases directly related to the rate of inflation; or no change at all. President Corbally had indicated earlier, a n d repeated at this meeting, that he expected to present to the board in the next month or so a recom-t mendation based on inflation, probably in the neighborhood of $38 per year for undergraduate students, with appropriate adjustments for professional students. REGULAR AGENDA T h e board considered the following reports and recommendations from the president of the University. Appropriations by Hie Athletic Association (1) The Board of Directors of the Athletic Association of the University of Illinois at Urbana-Champaign at their meeting on November 11, 1977, approved the following special appropriations: From Athletic Association Reserve for Stadium Renovation Additional funds required to complete northeast Varsity Locker Room remodeling Sealing and waterproofing concrete surface of seating areas as part of continuing program of Stadium restoration Total From Athletic Association's Unappropriated Surplus Total $ 42 500 $ 42 500 60 000 $102 500 $300 000 $300 000 360 000 $402 500 The chancellor at Urbana-Champaign has approved the recommendation, and the vice president for administration concurs. I recommend approval. O n motion of Mr. Livingston, these recommendations were approved. Award of Certified Public Accountant Certificates (2) The Committee on Accountancy recommends that the certificate of certified public accountant be awarded, under Section 5 of the Illinois Accountancy Act of 1943, as amended, to thirteen 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
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