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Important items in expenses and transfers include:

°The administrative budget has been kept under very tight controls, with no increase in personnel authorized.  As vacancies in unrestricted trust fund positions occur during the year, a rejustification will be required before hiring a replacement.

°A new allotment of $100,000 was allowed for a cooperative education and other affirmative action efforts; no other new program initiatives are proposed.

°Effective October 1, 1980, ticket prices in the NASM Theatre and Spacearium will be increased to $1.00 for adults and $.50 for children; under a sliding scale of revenue-sharing, an anticipated $300,000 will be transferred from NASM funds and are included in this budget as available for other Institutional needs. 

°No tax liability reserve is budgeted in FY 1981; while discussions continue with IRS on potential "unrelated business income" from the sale of certain merchandise in the Museum Shops, it appears that reserves set aside by the end of FY 1980 would cover any foreseeable liabilities through FY 1982.

°Plant transfers of $1,000,000 for the Quadrangle and $300,000 for CBCES land acquisition are provided for, as well as $2,000,000 for unrestricted endowment.  This latter transfer will be kept liquid and available for investment funding of the parking level of the Quadrangle, as outlined at the May Regents meeting.

[[underlined]] Special Purpose [[/underlined]] Trust Funds include: (a) bureau activities, such as the NASM Theatre, and the membership programs and museum shops of the Cooper-Hewitt and the Museum of African Art; (b) bureau discretionary funds, derived from revenue-sharing transfers from central auxiliary activities, interest on fund balances, Zoo parking revenues (held in reserve for future construction of parking facility) and other miscellaneous income; and (c) Unrestricted Fund transfers designated for Fellowships, the Collections Acquisition, Scholarly Studies and Educational Outreach Program, Fluid Research grants and Smithson Society awards to the bureaus.  Revenue from bureau activities is projected to be some $800,000 higher in FY 1981, due primarily to the NASM Theatre ticket price increase and an expansion of the