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University Dally Kansan
Thursday, May 3, 1979
Discretionary funds tucked away for special items
BY JOHN LOGAN Staff Reporter
Staff Reporter
Tucked away in the accounting books of most of KU's department heads and administrators is an obscure pool of money called a "discretionary fund."
The title defines the use of these funds, which amount to thousands of dollars in departments and schools across the University. These funds are used at the discretion of the persons to which they are allocated for whatever reason they see fit. The only stipulation is that the money be used to benefit KU.
The money is used for expenses not covered by state funds. They have been used to provide everything for flowers for clients and to office equipment to short-term loans.
To most of the people to whom the funds are allocated, the money is essential. It enables departments on tight budgets to pay for travel expenses, lecture fees and fundraising banquets, none of which might be covered by state funds.
Discretionary funds are allocated to the schools' top administrators by the Kansas University Endowment Association, the largest organization, the thousands of KU students with scholarships.
The Endowment Association obtains money from alumni donations and the interest from various investments. Last year the Endowment Association spent more
than $12 million for the University of Kansas.
THE FUNDS VARY in size and use. One of the largest funds is at the University of Kansas Medical Center in Kansas City. Called the "Medical Center Department Development Fund," it holds more than $2 million deposited from the income of the Med Center.
The fund represents about 1 percent of the receipts of the Centers' 14 medical corporations, according to David Waxman, vice chancellor for the Medical Center.
Under contracts with the state, the corporations pay a certain percentage of their gross earnings to the Endowment Association, which establishes a fund for the corporations. The corporations use this money pay for minor repairs and some equipment.
Each of the medical departments is a separate corporation, Waxman said.
THE DONATION was authorized by Dykes last July to the Kansas City, Kan.
Some of the money is allocated to a discretionary fund controlled by Chancellor Archie R. Dykes and Waxman. While most of the money in this fund is used to entertain visitors to the Med Center and for minor repairs and improvements, $1,000 was funded to a Kansas City firm seeking to perk up the sagging economy of Kansas City, Kan.
Development Corporation, a non-profit group that includes Dykes and Kansas City, Kan. Mayor Jack Reardon on its board of directors.
The guidelines for the development fund stipulate that the money must be used to benefit the Med Center, and University administrators said they were confident the Development Corporation could help the University.
"The development corporation can help us develop the area around the center and make it safer for faculty and the staff and students who live nearby." Dykes said.
Administrators said they were particularly hopeful that the Development corporation could help improve the poor housing conditions in the prime rate in the area around the Med Center.
He said, however, that no future donations to the corporation from the fund were placed there.
We need students for part-time jobs next fall.
DISCRETIONARY FUNDS on the Lawrence campus are not quite as large as the Med Center fund. Vice chancellors Ron Calgaard, David Ambler and Frances
Job applications are available in the Kansas Union Personnel Office on Level 4, 8:30-12:00 & 1:00-5:00, Monday-Friday.
EMPLOYMENT FALL'79
The rest of the discretionary funds are equally valued. David Kraft, dean of the School of Engineering, said his school's students were necessary for maintaining the school's quality.
"It is one of those things that really makes a difference," he said. "We can use them to treat visitors to the campus in a civilized, hospitable way."
"IT IS ABSOLUTELY essential," Kraft said. "It provides an element of flexibility to respond."
Shankel, who controls a $5,000 executive vice chancellor fund, said discretionary funds will be used to pay for the research.
Most of the Vice Chancellor's Fund is given to Ron Calgaard, vice chancellor for academic affairs, according to Del Shankel, executive vice chancellor. Calgard parcels the money out to the deans of various schools for their discretionary funds.
Interviews held the week of May 7th.
The administrators use the money to pay travel expenses, to send flowers to sick employees and to pay for the office coffee service.
Horowitz spit a $12,000 pool called the "vice Chancellor's Fund."
Robert Cobb, dean of the College of Liberal Arts and Sciences, said the college's $7,500 fund also was used for travel and lunches.
Kraft said his money was used to pay salary travel expenses and to provide lounge services.
guidelines, except for the stipulation that they must be spent for the good of the stock.
But Cobb said the fund also had been used to provide short-term loans for new faculty members who needed money to move to Lawrence.
"They are absolutely essential," he said. "We don't make appeals to our alumni as some schools at KU do, so in some respects the funds are in lieu of them."
Cobb said the funds were vital to the school.
"The funds cover things we simply couldn't do because we don't have state funds."
Few of the discretionary funds have
Endowment Association officials say that despite the absence of restrictions, very much has been achieved.
Seymour said that although the money was allocated to the various department and school heads, the Endowment Association acts as a bank for the money.
The controllers of the funds must present a request for the funds before the Endowment Association will write a check for the money. Seymour said that Endowment Association workers watched the requests for possible abuses.
Seymour also said the Endowment
Association received a quarterly printout of
their annual report.
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In between the Union and Dyche
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Everyone encouraged to participate.
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Partially funded by Student Senate
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