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ESTIMATED
TRUST FUNDS BUDGET
Fiscal Year 1978
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In response to the request from the Senate Appropriations Subcommittee for the FY 1977 and FY 1978 Trust Fund Budgets, the following table has been prepared which, on approval of the Board of Regents, will be submitted to the Subcommittee. Since this information will be used in conjunction with the appropriation request, projected expenditures are given by bureau as well as by category of fund. This format is similar to the Source and Application table in the annual financial report which has been made available in our budget submission since 1972. Mr. Ripley emphasized that since these figures represent best estimates rather than firm allocations, the Subcommittee will be cautioned that these are projections based on past experience, which may shift significantly depending on factors outside our control.
The tentative budget shown for FY 1978 is based primarily on the present level of activity. While a more precise estimate of resources will be made in the ensuing months, the tentative projections for next year show a small increase in research grants and contracts (from Federal agencies) and little change in restricted gifts and miscellaneous income. Details of the tentative FY 1978 budgets for unrestricted purpose, special purpose and restricted purpose trust funds are those shown in Exhibits A, B and C.