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--[[underlined]] Nonappropriated Trust Funds: [[/underlined]] An increase to net income in [[underlined]] Unrestricted General Trust Funds [[/underlined]] of $580,000 is projected in FY 1985, due primarily to the continued success of the National Associates Contributing Membership Program, and modest increases in the revenues of the business management activities. No new administrative or program initiatives are contemplated for FY 1985; increased expenditure levels therefore reflect increases only for inflation and some limited enhancement of ongoing programs. Transfers to the Fellowship Program are projected to increase by over $400,000, and for endowment by $500,000 for a total transfer to unrestricted endowment in FY 1985 of $3,000,000. In addition, a transfer of $500,000 to Plant Funds is proposed as a contingency for future construction needs, including possible improvements at the Smithsonian Environmental Research Center and the Cooper-Hewitt Museum, renovation of museum space for use as a day care center, and acquisition of additional space for collections and staff presently located in leased facilities. 

A modest decline is expected in [[underlined]] Special Purpose Trust Fund [[/underlinedd]] income, while gifts to [[underline]] Restricted Purpose Funds [[/underlined]] are projected to be lower by over $2 million, with the decrease primarily in support for exhibit production at the National Museum of Natural History and the Traveling Exhibition Service. 

[[underlined]] Federal Agency Grants and Contracts [[/underlined]] are expected to decrease by some $500,000 as the phaseout of the Astrophysical Observatory's Satellite Tracking Program is completed. 

[[underlined]] Regents FY 1985 Budget Approval [[/underlined]]

Approval of the Board was requested for submission of the FY 1985 appropriation request to the Office of Management and Budget, together