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VOTED that the Board of Regents authorizes the Secretary to establish, as part of the Institution's Endowment funds, a quasi-restricted fund to be known as the Cooper-Hewitt Acquisitions Fund and to authorize the transfer of the restricted monies identified for this purpose to that endowment.

So the following chart summarizes Congressional action to date on the Institution's request for fiscal year 1992 appropriations.

[[table, 5 columns]]
--- | [[underlined]] FY 1991 (000's) | FY 1992 Budget (000's)
Account | APPROP. | REQUEST | HOUSE MARK | SENATE MARK [[/underlined]]

Salaries & Expenses | $272,883 | $292,450 | $286,269 | $271,982
Repair & Restoration | 31,191 | 31,600 | 27,710 | 24,695

Zoo Construction | 6,636 | 8,000 | 8,000 | 7,975
Construction
-Old General P.O. Bldg. | 0 | 1,700 | 1,700 | 1,700
-Museum of Amer. Indian | 7,391 | 2,400 | 2,400 | 2,400
-Nat.  Hist.-East Court | 1,492 | 15,000 | 10,000 | 10,000
-STRI | 1,542 | 0 | 0 | 0
-Alterations/Modifications | 3,987 | 5,000 | 5,000 | 4,951
-Construction Planning | [[underlined]] 995 | 1,000 | 1,000 | 250 [[/underlined]]

TOTAL | $326,117 | $357,150 | $342,079 | $323,953 [[/table]]

The Institution plans to appeal several matters to the Conference Committee, including the Smithsonian's share ($9.1 million) in a general reduction to the Interior and Related Agencies and specific reductions in global change research, construction planning, the National Museum of the American Indian, and for staff support for the submillimeter telescope array of the Smithsonian Astrophysical Observatory.  In addition, the Institution plans (1) to comment on the impact of the reduction of $2,3 million to pay the District of Columbia for water and sewer services, (2) to acknowledge the support of the House in providing add-on funding for a number of needs or other initiatives, including $3.0 million for the Repair and Restoration of Buildings account, and (3) to include an impact statement for all other amendments to the budget request.

The Trust fund budget for fiscal year 1992 was presented for approval. The budget represents a revised 1991 budget, reflecting increases for staff compensation and inflationary factors, but no programmatic increases except $1.2 million for the fund-raising campaign for the National Museum of the American Indian (which may be partially offset by some portion of raised funds). IN total, fiscal  year 1992 trust fund expenditures are $4.9 million over fiscal year 1991 projections, and income projections are down $6.9 million (due to projected decreases in magazine earnings which are partially offset by increased income projections in several areas of activity).  Since the resulting shortfall of $11.8 million is unacceptable, management I formulating a general plan for reducing it, including fund raising, implementation of revenue-producing programs, new ventures or pricing