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[[5 column table]]
($1,000's)
[[headings are underlined]]

[[program]] | FY 1987 Appropriations | [[FY 1988]] Congressional Request | [[FY 1988]] House Action | [[FY 1988]] Senate Action

Salaries and Expenses | $188,974 | $204,862 | $203,635 | -
Construction:
-Tropical Research Institute | 2,780 | -0- | -0- | -
-Quadrangle | 3,315 | -0- | -0- | -
-Whipple Observatory Base Camp | -0- | 4,470 | 1,315 | -
National Zoological Park | 2,500 | 5,150 | 7,650 | -
Restoration & Renovation of buildings | 12,975 | 14,254 | 19,254 | - 
Special Foreign Currency Program | -0- | -0- | -0- | -
Total | $210,544 | $228,736 | $231,854 | -
[[/table]]

It was noted that the Senate Appropriations Committee had not yet made its recommendations regarding the Smithsonian's fiscal year 1988 request at the time of this meeting and that the Institution is submitting a request for a fiscal year 1988 supplemental appropriation of approximately $500,000 for the Smithsonian's obligatory "caretaker operations" at the General Post Office Building once the International Trade Commission vacates the building for their new quarters in January.

Fiscal year 1988 net income from Unrestricted General Trust Funds is budgeted to total $31.9 million, an increase of $4.8 million from the budgeted figure for fiscal year 1987. The budgeted net revenues provide $800,000 for a program contingency that will allow funding of projects of merit that may arise during the course of the year. In addition an increase to the General Unrestricted Trust Fund balance of $2.0 million will be possible, bringing the balance to $7.1 million. Increasing the fund balance beyond its historical levels is important to meet inflationary pressures, to maintain flexibility for increased Trust fund activity, to provide risk funds for bureau fund raising, and to serve as a safety net for next year's trust fund budgeting.

Significant program growth increases over the fiscal year 1987 budget include the Scholarly Studies program, the Collections Acquisition program, the Special Exhibitions program, the visitor survey project, minority outreach programs, the development and implementation of computerized systems as part of the continuing program of improving administrative efficiencies, and a variety of additional increases for smaller projects throughout the Institution.

There is no significant change to Government Grants and Contracts compared with fiscal year 1987. Restricted Trust Funds revenues are projected to increase by approximately 25 per cent. This increase may be attributed to a projected expansion in bureau fund-raising for exhibitions. Unrestricted Special Purpose Funds revenues are projected to be 20 per cent lower than fiscal year 1987 as sales income from deaccessioned works of art will not be at last year's high levels which included the sale of the Guercino painting at the National Museum of American Art.