The Michigan Daily-Friday, January 18, 1980-Page 3, CONSULTANTS EVALUA T E FINANCIAL MANAGEMENT Regent By SARA ANSPACH During these days of double-digit in- flation, there comes a time when you have to decide how to get the most for your money. For the Regents, yesterday was such a day, At its monthly meeting yester- day afternoon, the Board heard representatives from a financial evaluation service present an analysis of the University's investment management. DIRECTED BY the Regents in November, 1978 to evaluate the invest- ment of University endowment funds, Financial Control Systems Division (FCS) of First of Michigan Corporation informed the Regents yesterday that the University's investment manager, the National Bank of Detroit (NBD), has performed as well or better than other similar money managers. The University's endowment funds is exanine invest consist of gifts and grants given to the University from individuals, private foundations and corporations. About 60 per cent of this money is invested in equities (stocks) and 40 per cent in fixed income (bonds). The income generated from this capital is part of the University's operating budget and is used to fund University programs. In past years, the University has spent all income from its endowment investments. The Regents now are con- sidering reinvesting part of that income to increase their equities. A larger principal, would, in turn, generate more income for the University.. "YOU ARE spending future principal (when the University spends all of its income)", FCS consultant Ned Joachimi told the Regents yesterday. "In today's world, you cannot spend all of your income." Vice-president for Financial Affairs James Brinkerhoff said the University chief executives will be evaluating the impact on the operating budget in the short run if the University should adopt a policy which places less emphasis on income and more on capital growth. Also yesterday during the public comments session, Diane Allevato of the Huron Valley Humane Society, ad- dressed 'the Regents about the cat killing incident at Alpha Delta Phi and accused the University of trying to be a "protective parent" of the five young 'men who pleaded no contest yesterday to the charges of torturing and killing their fraternity's pet. (See related story, Page 1).' Washtenaw County Coalition Against Apartheid (WCCAA) members' Anne Fullerton, Debbie Duke and Phillip Hartford also presented the Regents with a scenario of South Africa under the Sullivan Principles and said WC- mnents CAA will return at the Regents March meeting, when, according to Fullerton, the Regents will review their policy toward divestment. In addition, three members of their South University Merchants- Association, Edward Roberts, Rick Butts, and Fred Ulrich, attempted t6 persuade the Regents to sell a piece of- property at Forest and Washtenaw to a" development company which wishes to build a 36-story high rise building with space for a hotel, apartments,-and con- dominiums. LIKE TO TRAVEL BUT CAN'T FIND THE $$ ? Live/east with fellow students from all over the world. An unusual cultural opportunity at the Friends Infernational Coop. See ad above OT SU Daily Photo by CYRENA CHANG STAFF MEMBERS of the LSA Coalition for the Use of Learning Skills (CULS) met with students yesterday at the Trotter Minority Student Center to celebrate CULS's 10 year history. Scelebrates 10 years of ''servce OT 01 Y, PAY, ESI OT TUES By JULIE BROWN The Coalition for the Use of Learning' Skills (CULS) marked its tenth an- niversary yesterday afternoon with an ,open houseat the Trotter Minority Student Center. Ten years ago, Black Action ovement strikers demanded the University offer academic support ser- vices for minority students. One of the outcomes of this demand was the CULS program in LSA. "WE SERVE ANY student in the college, and also some in Rackham," said John Russ, CULS director. "We don't have a permanent body of studen- ts, except for our Bridge Program. The regular CULS programming is on an es-needed basis." The CULS Bridge Program brings 50 Opportunity Program stfdents to the University for a summer-half term before their first year, Russ said. The Opportunity Progam, under the Office of Academic Affairs, provides educationally disadvantaged students with a variety of counseling services. "THE BRIDGE Program is for students with the potential for success with marginal, aid," Russ said. He ex- lained that Bridge Program students ake basic courses in English and statistics, as well as a series of reading and writing workshops offered through the University's Reading and Learning Skills Center. Other CULS units are: the SMathematics Instruction, Quantitative Skills, and Study Group Component; the. English Instruction and Com- municative Skills Component; the Hispanic-American Student Services Component; and the Experiential Education and Learning Component. CULS Associate Director Wilton Barham explained that CULS was originally staffed exclusively by' student volunteers. "AT ONE TIME, we were fully staf- fed by students," he said. He added the CULS acquired-its first full-time direc- tor in 1974, and staff salaries were provided for at that time. "Now, all of our staff, with a few ex- ceptions, are paid," Russ said. He ad- ded that CULS is staffed by ap- proximately 60 people, including ad- ministrators and graduate student teaching assistants. Russ estimated that CULS serves ap- proximately 3,000 students in oneyear. "THE MAJORITY of students we serve are minorities, but we have a very large proportion of non-minority students in some areas, such as the study groups," Russ said. He estimated See CULS, Page 8 OT ED iYAT I OT THRSAY OT FRID iYAI FILMS EVERYTHING 5% to 40% OFF OF OUR EVERYDAY LOW PRICES SATURDAY 10 AM TO 9 PM THESE ARE JUST A FEW OF THE MANY "SATURDAY ONLY" BARGAINS: School of Public Health-Noontime Film Fest, Can We Fish Again?, Pigeon River Forum, Aging of the Lakes, 12:10 p.m., SPH Aud. II. Mediatrics-Jeremiah Johnson, 7 p.m., The Candidate, 9 p.m., Nat. Sci. Aud. Alternative Action Film Series-Sleuth, 7,9:30 p.m., Angell Hall Aud. A. Ann Arbor Film Coop -Blazing Saddles, 7, 8:40, 10:20 p.m., Modern Languages Building Aud. 4. Gargoyle Films-Freaks, 7:07, 9:39 p.m., Dracula, 8:18 p.m., 100 Hutchins Hall. Astronomical Film Festival-Skylab Space Station I, Predictable Disaster, The Case of the Bermuda Triangle, 7:30 p.m., MLB Aud. 3. SPEAKERS WUOM-Prof. Richard Falk, Princeton University, "Technology and Politics: Shifting Balances," 9:55 a.m. Center for South and Southeast Asian Studies-John Whitmore, "Vietnam, China, Cambodia: Manifest Destiny?," noon, Lane Hall Commons Room. Philosophy Department-Prof. Ruth Barcan Marcus, "Moral Dilemmas and Consistency," 4 p.m., MLB Lec. Rm. 2. School of Metaphysics-"Karma: What Is It?," 7:30 p.m., 219%12 N. Main St. Hillel-Rabbi Edward Feld, "The Holocaust and After: Theological Reflections," 8 p.m., 1421 Hill St. EXHIBITS Slusser Gallery-"Art/Book/Art," Watercolors, acrylic paintings, and collages, Prof. William Lewis, 9 a.m.-4:30 p.m., Slusser Gallery. Union Art Gallery-"Ceramics, Sculpture, and Printmaking," Joan Gallup and Paulene Benio, 10 a.m.-6 p.m., Union Art Gallery. PERFORMANCES Midwestern Conference on School Vocal and Instrumental Music-"Collage Concert," 8p.m., Hill Aud. Folklore Society/Friends of Traditional Music-Musical and social gathering, 8:30 p.m., 2755 Canterbury. The Ark-Peter 'Mudcat' Ruth, 9 p.m., 1421 Hill St. MISCELLANEOUS University Club-Self-serve continental breakfast, 7 a.m.-10:30 a.m., self- serve lunch, 11:30 a.m.-1:30 p.m., bar open, 11:30 a.m.-2 p.m., 4 p.m.-7 p.m. PIONEER SX-450 AM/FM 15-WATT RECEIVER 15/watts/ch., min. RMS 8 ohms 20-20,000 Hz with no more than 0.5% THD. Regular $148.48. p1 17 i SANKYO STD 1700 DOLBY CASSETTE DECK Front-load, Automatic shut-off. Permalloy heads. Digital tape counter. Regular $129.88. Save! 87 SAE C3A INTEGRATED AMPLIFIER AT SAVINGS 50 watts/ch., 8 ohms from 20-20,000 H, with no more than 0.05% THD. Regular $279.88. ~24 4 SANSUI AU 117 I1 INTEGRATED AMPLIFIER 25 watts/ch.; min RMS 8 ohms 20-20,000 Hx. with no more than 0.17% THD. Reg. $159.88. Save! $1 18 PIONEER CTF 950 DOLBY CASSETTE DECK Front load, Memory stop and play. Auto stop, 3-head. Metal tape compatible. Regular $529. $994 I USES METAL TAPE I1uPzR !ruNEft . . ' , PIONEER PL 1120 BELT DRIVE TURNTABLE 4 pole synchronous motor. Anti- skate, Cueing device. Base & cover. Limit 1. Regular $77.48. $4%9 PIONEER HPM 40 3-WAY SPEAKERS 10-inch cone woofer, cone tweeter and super tweeter. Bass reflex. Regular $119.48. 12 MAXELL UDC60 CASSETTE TAPES, High quality, low noise blank cassette tapes. Regular $29.88. Limit 24 tapes per customer. F1219 EMPIRE 2000X STEREO CARTRIDGE Elliptical stylus tracks 3/4 to 11/2 grams. While 480 last chain- wide. Limit 1. Regular $39.88. $1923, PIONEER TP 900 8-TRACK CAR STEREO Under-dash Supertuner with FM stereo & 8 track. Fast forward and muting. Regular $159.88. V109 ; ' 1 Claa " 1 $88 ea.