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Without changing the estimated overall income and expenditures for FY 1979 trust funds, however, the various classifications of expenditures and transfers have been adjusted in Schedule C to reflect shifts of expenditure which have now become more definite, such as the previously Federally funded Fellowship Programs and an increase in plant fund transfers of $100,000 for further preparation of plans for the South Garden development, plus $11,000 for architectural plans for the Garden For The Handicapped. 

Schedule C for FY 1979 does [[underlined]] not [[/underlined]] reflect the possible reserve of $500,000 for the South Garden development in this and subsequent years. If such a reserve (a set-aside of the anticipated parking revenues from the NASM garage) is approved by the Regents, it will be necessary to reduce the planned transfers to endowment from $2.0 million to $1.5 million per year, unless, of course, the net income from auxiliary activities or other general fund revenues should exceed those now budgeted.

[[underlined]] FISCAL YEAR 1980 [[/underlined]] (Schedule D) --

No significant changes other than minor shifts between areas of expenditure have been made in [[underlined]] non-appropriated trust fund [[/underlined]] projections for FY 1980 from the previously presented figures at the last Regents meeting. It may be recalled that they assumed continuation of the $2 million Collections Acquisition, Research and Education programs, $1,000,000 support of federally funded programs, and transfers to unrestricted endowment of $2,000,000.

We have received the OMB allowance for our FY 1980 request to Congress as shown below, compared with our actual 1979 appropriation and our original 1980 request.