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November 06, 1975 - Image 8

Resource type:
Text
Publication:
Michigan Daily, 1975-11-06

Disclaimer: Computer generated plain text may have errors. Read more about this.

age-Eight

THE MICHIGAN DAILY

Thursday, November b, 19J 7

~age Eight THE MICHIGAN DAILY Thursday, November ~, I~/)

Student Government Council

Colby stays at CIA

'WAYNE, MSU CONCUR:

DEBRA GOODMAN, President (May 1975, on)
DAVID MITCHELL, Vice-President
(May 1975, on)

ELLIOT CHIKOFSKY, Treasurer
(Sept. 1974 to Oct. 1975)
DONALD HOUSE, Treasurer (Nov. 1975, on)

until Bush okayed
(Continuedfrom Page 1) retary William Clements willz
It was also disclosed yester- run the department as Donaldt
day that Vice President Nelson Rumsfield awaits confirmation.t
Rockefeller will end three days Secretary of State Henry Kis-
of silence on the Ford adminis-7 singer, meanwhile, denied that
tration shakeup with a news he had any discussion with Ford
conference this morning, or anyone else in the adminis-1
ROCKEFELLER, w h o an- tration about giving up his job
nounced Mnndav th t h did tas secretary of state.

FINANCIAL REPORT-30 June 1975

PAG

PAGE 1
ICERMAN, JOHNSON & HOFFMAN
CERTIFIED PUBLIC ACCOUNTANTS
303 NATIONAL BANK AND TRUST BUILDING
ANN ARBOR, MICHIGAN 48108
TO THE BOARD MEMBERS
STUDENT GOVERNMENT COUNCIL OF THE
UNIVERSITY OF MICHIGAN, INC. (Ann Arbor Campus)
ANN ARBOR, MICHIGAN
We have examined the accompanying balance sheets of the
Operating Fund and the Student Legal Advocate Program of the
Student Government Council of the University of Michigan, Inc.
(Ann Arbor Campus) as of June 30, 1975, and the related state-
ments of income and expenditures and fund balance (deficit) for
the year then ended. Our examination was made in accordance
with generally accepted auditing standards and, accordingly, is-
cluded such tests of the accounting records and such other audit-
ing procedures as we considered necessary in the circumstances.
In our opinion, the financial statements mentioned above
present fairly the financial position of the two funds of the
Student Government Council of the University of Michigan, Inc.
(Ann Arbor Campus) as of June 30, 1975, and the results of their
activities for the year then ended in accordance with generally
accepted accounting principles.
The financial statements referred to in the foregoing opinion
are identified in the contents of this report. Our examination
was made primarily for the purpose of rendering an opinion on
these basic statements, taken as a whole. The supplementary
financial data, although not considered necessary for a fair pre-
sentation of financial position and results of operations, are pre-
sented primarily for supplemental analysis purposes. This addi-
tional information has been subjected to the audit procedures
applied in the examination of the basic financial statements and,
in our opinion, is farly stated n all material reports in relation
to the basic financial statements taken as a whole.
Icernian, Johnson & Hoffman
Ann Arbor, Michigan
October 3, 1975

STUDENT GOVERNMENT COUNCIL OF THE '
UNIVERSITY OF MICHIGAN, INC.
(ANN ARBOR CAMPUS)
OPERATING FUND
BALANCE SHEET--JUNE 30, 1975
ASSETS

SE 2
$ 12
1,289
$ 1,301
$ 200
$ 2,120
$ 3,621

IIUIICUM~a~y a L~d e UUnot
want to run as vice president in
1976, will meet with reporters
at the Executive Office next
door to the White House. A
spokesperson s a i d Rockefeller!
would have no prepared state-
ment.
While making sure that Colby
stays on, Ford did not make any
move to hold over ousted De-
fense Secretary James Schles-I
inger, who plans to leave office
this week. Deputy Defense Sec- I

HE LAUGHINGLY brushed off
reports that Ambassador to
Great Britain Elliot Richardson,
named by Ford as secretary of
commerce, was being groomed
to take over Kissinger's post.
"Certainly nobody has told
me," Kissinger said with a
chuckle. He added seriously, "I
have had no discussion of any
kind about leaving."

CURRENT ASSETS
Petty cash
Accounts and loans receivable

Total current assets
DEPOSIT
U. S. Post Office-bulk mail
RESTRICTED ASSET
Reserve for administrative assistant overtime

$
$
$
*

i
1
1
l

'Ufavors decision
(Continued from Page 1) SOME CRITICS of the deci-
and that the elected boards of sion have pointed out that re-
the universities would remain gardless of the autonomy the
the "final authorities" in de- universities may have, the leg
ciding on internal programs. islature's ability to allot their
Governor Milliken's SpecialI budgets from year to year
Assistant on Education James gives them far greater power.
AessaithEdatinyone Jads University Vice - President
Phelps said that anyone read- Richard Kennedy said "One
ing the state constitution "could
hagetheestendecision." ' way that some people have put
it is 'Autonomy and 15 cents will
"THE MOST intriguing part get you a cup of coffee.' The
about it," said Phelps "and this University cannot run off and
was expressed in both the ma- expect to have autonomy every-
jority and minority opinions was where. The legislative role in
the message: 'Boys and girls, funding is terribly significant
you have to learn to play the and will require our complete
game together.' This was, asI cooperation."
gae itthe r.'lTisomsfasheBut University Prsesident Rob-
sde ist the eal wisdm o theben Fleming affirmed his be-
have to work together if there's lief that the state will be rea-
t e hatrogTetdecision i' sonable in funding and said,
to be harmony. The deisrn ng." "The legislature is not capri-
that sense was a warning.'' . cious. Once you know who has
University attorney Roderick the power, you don't try to in-
Daane said he was pleased by ade each other's territory. We
the decisio but not sulprised, contend that with all the other
"In terms of legal priciples kinds of interests they have,
laid out by the case, it is a vic-
tory," Daane said, "but the they can't be close enough to
tr" anu thethe operation to do as good a
case is an affirmation of the job as we can."
position the court has held the IN THE EYES of most offic-
last 150 years . . . I'm not in- .iNtheeYEsofot ofic-
lind t shut"Victory" but mIas the case has not essentially
cined to shout changed the relationship be-
we are pleased." tween the three bodies but has
Wayne State University attor- reaffirmed where the power
ney Byron Higgins echoed la.
' a lay.

I

LIABILITIES AND FUND BALANCE (DEFICIT)

LIABILITIES
Combined University accounts, overdraft
Accounts payable
Due to Student Legal Advocate Program
RESERVE FOR ADMINISTRATIVE ASSISTANT
OVERTIME
FUND BALANCE (DEFICIT)

$ 4,943
394
2,737
$ 8,074
$ 2,120
$(6,573)
$ 3,621

WA NTED !
SINGLE GRADUATE STUDENTS
AND
YOUNG PROFESSIONALS
to enjoy fun, food, fellowship, and good times to-
gether. Give us a try if you want to qet to know some
more people! .
WE MEET THURSDAY NIGHTS AND OTHER TIMES.
THE WESLEY FOUNDATION
CALL US FOR DETAILS--668-6881
MenalHelt RseachIntiut

I

See notes to financial statements on page 8.

U

I

PAGE 3
STUDENT GOVERNMENT COUNCIL OF THE
UNIVERSITY OF MICHIGAN, INC.
(ANN ARBOR CAMPUS)
OPERATING FUND
STATEMENT OF FUND BALANCE (DEFICIT)
Year Ended June 30. 1975

PAGE 4
STUDENT GOVERNMENT COUNCIL OF THE
UNIVERSITY OF MICHIGAN, INC.
(ANN ARBOR CAMPUS)
OPERATING FUND

I

Mental Health Research Institute
SEMINAR SERIES
NORMA DIAMOND
Department of Anthropology, University of Michigan
"TAIWAN'S NEW MIDDLE CLASS:
URBANIZATION AND FAMILY"
Examination of family roles and organization with particu-
lar reference to roles of women and husband-wife ties in
modern Taiwan.
THURSDAY, NOVEMBER 6, 1975
JEMINAR: 3:45 p.m., Room 1057 MHRI
TEA: 3:15 p.m., Room 2059 MHRI

Daane's sentiments saying The
decision was a pragmatic one.
It pointed out that the legisla-
ture has a direct interest in
what the university does but
both sides have to be able to
work together."
DEC.GRADs
To attend Commence-
ment, you must order a
cap and gown, by Nov.14
at
university cellar

As Kennedy said, "The whole
principle of academic freedom
was involved. This issue has
come up time and time again
In any political context
there's always the temptation
by people to attempt to control
freedom. Those kinds of free-
dom are the whole principle on
which the university exists."

INCOMEc
Tuition assessment fees
Health insurance service fees
Miscellaneous
Total income-
EXPENDITURES
Allocations and grants (Page 4)
Office (Page 5) -
Election (Page 5)
Student Organizations Board
Central Student Judiciary
Executive (Page 5)
Miscellaneous (Page 5)
Total expenditures
Income over expenditures

u a , 17 .

$ 31,663
5,200
4
$ 36,867
$ 16,145
8,025
5,905
181
366
510
1,209
* 32,341
$ 4,526

EXPENDITURE DETAIL
ALLOCATIONS AND GRANTS
Ann Arbor Fifth Estate
Ann Arbor People's Bicentennial Committee
Ann Arbor Tenant's Union
Black Christian Nationalist Conference
Black Political Conference
Child Care Action Center
Community Values Lecture Series
East Wind
Food Action Coalition
Frame-up Film Festival-Project Community
Future Worlds Lecture Series
Gay Academics Union
Graduate Student Newsletter
Group on Latin American Issues
Indochina Peace Campaign
Jamaican Student Organization
Madison Street Entertainment Committee
Memorial Fund for Mrs. M. Rinkel
Michigan Fair Tax Campaign
National Student Conference Against Racism
Native American Events-Social work S. U.
Radical Student Union
Red Cross-Honduras Disaster Relief
Regents Candidates Night
Seymour Hersh Lecture-Pilot Program
Spartacus Youth League
Spiritual Community of the Sun
University Housing. Council
Voter Registration-City Charter Amendment Drive

Year Ended
June 30,
1975
$ 300
300
500
300
200
6,600
200
669
300
125
1,000
350
500
450
500
150
300
25
300
1,211
400
200
100
40
300
150
175
300
200
$16,145

if
you
see

it

~~

news

STATEMENT OF FUND BALANCE (DEFICIT)
Year Ended June 3, 1975

HUNTING SEASON EXTENDED
Due to an unexpected, tho welcome,
display of enthusiasm for appts. the
MICHIGANENSIAN has scheduled
an additional week of senior por-
trait shootings. Appts. are being
'"taken for
MONDAY, NOV. 10-FRIDAY, NOV. 14

call

76-DAILY

happen

Balance, beginning
Income over expenditures
Balance, ending (Notes 2 and 3

$(11.099)
4,526
$((6,573)

it

_.I

I1WALLABEE

See notes to financial statements on page 8.

U

Pd

PAGE 5
STUDENT GOVERNMENT COUNCIL OF THE
UNIVERSITY OF MICHIGAN, INC.
(ANN ARBOR CAMPUS)

AGE 6

EXPENDITURE DETAIL (Concluded)
OFFICE
Salaries and fringes.
Stationery and supplies $ 1,800
Less reimbursements (104)

}

Equipment
Telephone
Less reimbursements
Miscellaneous
Postage
Less reimbursements
Reimbursements for Student Legal Advocate
share of office expenditures
Reimbursement for elections charges
ELECTION -
Fall, 1974 election
Winter, 1975 election
Less reimbursement from
University Housing Council

$ 1,979
(770)
$ 1,446
(1,334)
Program
$ 3,300
(300)

Year Ended
June 30,
1975
$ 5,819
1,696
167
1,209
433
112
is
(1,306)
(105)
$ 8,025
$ 2,799
3,000
106
$ 5,905
$ 10
500
$ 510
$ 783
377
49
$ 1,209

STUDENT GOVERNMENT COUNCIL OF THE
UNIVERSITY OF MICHIGAN, INC.
(ANN ARBOR CAMPUS)
STUDENT LEGAL ADVOCATE PROGRAM
BALANCE SHEET-June 30, 1975
ASSETS
University Account
Due from SGC Operating Fund

MICHIGANENSI AN
U-M's Year in Review

Call 764-0561

$14,666
2,737
$17,403

from 6-8 p.m.

Hendrn$de
in Ireland

MAKE AN APPT. NOW

'l

i

I

I
I

LIABILITIES AND FUND BALANCE
LIABILITIES
Accounts payable
FUND BALANCE

$ 2,000
$15,403
$17,403

What Roots has
You can patent a sole, as Earth Shoe has.

See notes to financial statements on page 8.

.makes< Y
con crete
'feel like grass
MEN'S
Sand or brown suede; black,
brown or wite calf $38.00
Boot style: sand or brown
suede . . .$... . 40.00
WOMEN'S
Sand or brown suede; brown
or white calf...... $36.00

Computer file maintenance
EXECUTIVE
Michigan corporation annual report filing fee
Position schedule bond
MISCELLANEOUS
Health Insurance Program - mailings
University committee appointment and advertising
Summer orientation representative

You can copy it and sell it for less as others have.
But you can't patent comfort, and quality and beautiful which
is what you get in a pair of Roots'
Beautiful top-grain Canadian leather.
Beautiful stitching and workmanship and detail.
A sole that cradles your heel and supports your arch.
And above all, caring.
The people who make and sell Roots really do give a damn
about comfortable and handsome and you. And it shows.
Compare us with Earth Shoes or Nature Shoes or Exersoles or
anybody and you'll get the picture.
You'll pay a bit more for Roots.
Because Roots are more.
Buy a pair and you'll love them "B" kind tofe They outnumber people tw to one"
for a long time.

PAGE 7
STUDENT GOVERNMENT COUNCIL OF THE
UNIVERSITY OF MICHIGAN, INC.
(ANN ARBOR CAMPUS)
STUDENT LEGAL ADVOCATE PROGRAM
STATEMENT OF INCOME AND EXPENDITURES
Year Ended June 30, 1975
INCOME

Tuition assessment fees
Donations and miscellaneous

$21,109
235
$21,344

PAGE 8
STUDENT GOVERNMENT COUNCIL OF THE
UNIVERSITY OF MICHIGAN, INC.
(ANN ARBOR CAMPUS)
NOTES TO FINANCIAL STATEMENTS
June 30, 1975
Note 1. SIGNIFICANT ACCOUNTING POLICIES
Student Government Council of the University of Michigan,
Inc. (Ann Arbor Campus) is a non-profit Michigan corpora-
tion, formed in 1955, now operating with perpetual existence.
The statements, are presented on the accrual basis of ac-
counting. This basis provides for the recognition of income
when earned and expenditures when Incurred.
Note 2. CONTINGENT RECEIVABLES AND PAYABLES
There are several lawsuits in progress between the Student
Government Council and various past officers of the organi-
zation. The suits seek an accounting of the Council's funds
while these officers were in office. The suit against Jacobs
and Schaper (SGC President and Treasurer, respectively in
1972-73) seeks an accounting of approximately $42,000, and the
suit against Gill (SGC President in 1973-74) asks for an ac-
coumtinr of annroximatel'v$16000. Student Government Coun-

TOTAL INCOME

EXPENDITURES
Legal -- general
Legal - service fees
Assistant Legal Advocate salary
Allocations to campus legal aid branch
TOTAL EXPENDITURES

$ 2,249
5,065
530
2,000
$ 9,844
41trnn

M ACT'C

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M '

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