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VOTED that the Board of Regents approves the Smithsonian Institution budget of appropriated funds for fiscal year 1990 for presentation to the Office of Management and Budget and the budget of the nonappropriated funds for fiscal year 1990.

Other matters reported included the status of the contract for the sale of the National Museum of African Art properties on Capitol Hill, the purchase of five acres contiguous to the properties of the National Zoological Park at Front Royal, and settlement on the purchase of two parcels of land at the Edgewater, Maryland, facilities of the Smithsonian Environmental Research Center.

[[underlined]] DRAFT OF THE FIVE-YEAR PROSPECTUS, FISCAL YEARS 1990-1994 [[/underlined]]

The Secretary introduced a summary of the draft [[underlined]] Five-Year Prospectus [[/underlined]] describing the Smithsonian's plans, including programmatic emphases and resource allocations, from fiscal year 1990 through fiscal year 1994. He expressed the hope that the Regents would give the staff the benefit of their views prior to the preparation of the final draft, which will be presented for the consideration of the Board at its next regularly scheduled meeting.

In contrast to presentations in previous years which had been based on the organizational structure of the Institution, this year the [[underlined]] Prospectus [[/underlined]] is arranged by program activity and has three major components: the Institution's strategic plan; projections of resource requirements to fund programmatic objectives; and the programs planned through fiscal year 1994. The table below details projected operating resources for the next five years.

Summary of Projected Operating Resources
Fiscal Years 1990 through 1994
(Millions of Dollars)

[[6 columns]]
[[underlined]] | FY 1990 | FY 1991 | FY 1992 | FY 1993 | FY 1994 [[/underlined]]

Federal Appropriations
Salaries and Expenses [[superscript]]1[/superscript]] | $232 | $278 | $292 | $302 | $317

Trust Funds
Unrestricted & Special Purpose | 223 | 234 | 246 | 260 | 268
Restricted | 20 | 19 | 20 | 19 | 20

Government Grants & Contracts | 30 | 28 | 27 | 28 | 29

Transfer to Endowment and Change in Fund Balance | [[underlined]] 5 | 6 | 7 | 5 | 7 [[/underlined]]

TOTAL | $510 | $565 | $592 | $614 | $641

[[line]]
[[superscript]]1[[/superscript]] Fiscal year 1990 excludes supplemental need of $11.1 million for Fiscal Year 1989 and Fiscal Year 1990 legislated pay raises.

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