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Restricted funds are $2.1 million lower than the fiscal year 1990 budget. In the Government Grant and Contract category, projections show a $1.6 million increase from fiscal year 1990. Net funds provided from the special purpose fund group are projected to increase $1.9 million over fiscal year 1990.

It was

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.

[[underlined]] DRAFT OF THE FIVE-YEAR PROSPECTUS, FISCAL YEARS 1991-1995 [[/underlined]]

The current draft of the [[underlined]] Five-Year Prospectus [[/underlined]] more effectively articulates plans in a more attractive format for the Board of Regents, the Executive and Legislative branches of the Federal government, and broader audiences including potential donors, corporate sponsors, and the general public. Now in two volumes, the [[underlined]] Prospectus [[/underlined]]'s first section describes the Institution's planned initiatives and project resources required to meet its objectives, while the second volume presents supporting data that the Institution prepares for the Office of Management and Budget (OMB) and Congress and details for Collections Related Research and the Repair and Restoration of Buildings program.

The draft [[underlined]] Prospectus [[/underlined]] describes the Institution's program plans and initiatives and such primary areas as Global Environmental Change, Infrastructure, the Museum of the American Indian, Quincentenary Programs, Cultural Pluralism, the Repair & Restoration of Buildings, Construction, and the Zoological Park and Conservation Research Center.

Looking at Institutional funding over the planning period, the [[underlined]] Prospectus [[/underlined]] projects total operations to grow from $569 million in fiscal year 1991 to $782 million in fiscal year 1995. Smithsonian Federal construction requirements total $482 million between fiscal years 1991 and 1995. Repair and restoration will cost approximately $35 million annually, and Zoological Park construction and improvements will cost from $7 million to $26 million annually between fiscal years 1991 and 1995. The [[underlined]] Prospectus [[/underlined]] also contains construction plans through fiscal year 1999 and general descriptions of facility issues into the next century.

The Secretary invited the Regents to provide him with the benefit of their views on the complete draft over the course of the fall. Several Regents mentioned their pleasure at the way in which the [[underlined]] Prospectus [[/underlined]] has been improved, noting particularly its more sharply focused approach. The question arose as to whether more attention should be paid in the [[underlined]] Prospectus [[/underlined]] to planning for the establishment of a new African American Museum on the Mall. Mr. Adams commented that plans could not be meaningfully laid in the absence of a consensus among the Black Caucus and, more generally, African-American scholars and museum professionals. He indicated his intention of continuing to participate in the dialogue without getting ahead of the Congress in this matter.