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The following motions were approved as proposed in the report below:

VOTED that the Board of Regents approves the proposed revisions to the budget of the nonappropriated funds for fiscal year 1989 and authorizes expenditures by the Secretary in accordance therewith; any material changes in program plans incorporated in the revised budget, or any changes of more than $250,000 in any general unrestricted Trust fund program or administrative expenditure, shall be made only with approval of the Board of Regents or its Executive Committee.

VOTED that the Board of Regents approves the budget of appropriated funds for fiscal year 1990 and proposed revisions to the budget of the nonappropriated funds for fiscal year 1990 as presented, and authorizes expenditures by the Secretary in accordance therewith; any material changes in program plans incorporated in these budgets, or any changes of more than $250,000 in any general unrestricted trust fund program or administrative expenditure, shall be made only with approval of the Board of Regents or its Executive Committee.

VOTED that the Board of Regents approves the Smithsonian Institution budget of appropriated funds for fiscal year 1991 for presentation to the Office of Management and Budget and the budget of the nonappropriated funds for fiscal year 1991.

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This report summarizes for the Regents the Institution's current fiscal year 1989 budget, projections for fiscal year 1989, and the previously approved budget for fiscal year 1990. Also presented to the Regents for their approval is the budget for fiscal year 1991.

Fiscal Year 1989 (Schedule B and C)

Schedule B continues to reflect the Institution's Trust Fund and Federal budgets without change from the May report to the Regents. Schedule C remains unchanged with respect to the Federal projection; however, Trust Fund projections have been updated.