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The Student News Site of Northern Illinois University

Northern Star
The Student News Site of Northern Illinois University

Northern Star

Board offers no stand on tuition issue

By Suzanne Tomse | March 24, 1988

Members of the Board of Regents Facilities and Finance Committee did not take a position on whether or not to raise tuition next year, despite a request from NIU Student Regent Nick Valadez Wednesday. Valadez asked the committee to begin discussing the...

City Manager makes estimates for FY88

By Susie Snyder | March 24, 1988

Projected DeKalb revenue for fiscal 1988 will exceed the city's projected expenditures by an estimated $68,000, City Manager Mark Stevens said. Stevens reported DeKalb's fiscal 1988 city budget status, assumptions and priority issues for the city's budget...

Higher ed. funding campaign begins

By Suzanne Tomse | March 24, 1988

NIU administrators and other members of the university community have launched a campaign to influence the citizens of Illinois and legislators about the need for a tax hike to fund higher education. "We're gearing up for a big push (for a tax increase)...

Foundation notes increased assets

By Tammy Sholer | March 24, 1988

The NIU Foundation has about $4.5 million in assets, an increase of more than 50 percent in 1987 from 1986.

The largest increase comes from property the foundation owns, NIU Foundation Exexutive Director Dick Ubl said. The recent purchase of the Woodstock Conference Hall in Woodstock, Ill., cost $750,000 and was the highest-priced property purchase, he said.

Ubl said the foundation also bought the Palmer property, 801 N. First St., which added to the $1 million increase in property sales. In 1986, $394,350 was the balance for property purchases opposed to the 1987 total of $1,476,242, the Auditor General's March 9 report stated.

The endowment fund rose about 32 percent since 1986 because of increased contributions, Ubl said. The endowment fund receives gifts for NIU colleges and departments, he said.

He said the principal investment cannot be touched, but the income is used in the manner the donor specifies, such as for a scholarship.

The foundation also has "unrestricted" accounts for the university's colleges and departments to use. The funds have several restrictions in how they may be used, and the foundation holds the funds, Ubl said.

Money for the unrestricted funds are contributions for a specific college or department, he said.

Unrestricted contributions increased about 16 percent over the 1986 balance, the report stated.

Besides unrestricted funds, the foundation has restricted funds which are given to a specific scholarship rather than a department, Ubl said.

The report stated the balance for restricted funds decreased about 21 percent in 1987.

Students can receive short-term loans from the foundation through its loan fund which increased about 7 percent, Ubl said.

Financial Aid Director Jerry Augsburger said, "This is a short-term emergency loan program."

Ubl said the foundation granted about $50,000 in emergency loans at the beginning of the school year when Guaranteed Student Loan checks were late.

Students repaid the loan after receiving their GSL checks, Ubl said. The foundation's loans are for a period between 30 and 60 days, he said.

Name: Paula Radtke

March 24, 1988

Office: SA President Major: Marketing and Business Translation French Student Association presidential candidate Paula Radtke said setting long-term objectives is one of her goals. Radtke said striving for student-controlled bond revenue facilities is...

Improvments offered to Regent committee

By M. Michelle Byrne | March 24, 1988

NIU presented eight academic improvement priorities at a Board of Regents committee meeting Wednesday. NIU representatives on the committee presented "eight broad planning priorities" for 1988 through 1993 to the Regents' academic committee. These plans...

Name: Joseph Annunzio

March 24, 1988

Office: President Major: Sociology-Criminology Increasing relations between the Student Association senators and NIU organizations is one goal SA presidential candidate Joseph Annunzio, an SA senator, wants to achieve if elected. Annunzio said he wants...

SA candidates discuss issues

By Sandi Patyk | March 23, 1988

The effectiveness of the Student Association and student involvement in politics were discussed Monday by nine candidates running for SA executive positions. The candidates for each position answered questions by a three-person panel—Black Student Union...

U.S. troops stay in Honduras

March 23, 1988

TEGUCIGALPA, Honduras (AP)—U.S. troops sent here for emergency training exercises will stay on to complete the maneuvers, a U.S. military spokesman said Tuesday although Honduras says its border crisis with Nicaragua is over. "Right now the plans are...

Committee considers bylaw modifications

March 23, 1988

The Student Association Internal Affairs Committee tonight will further discuss bylaw revisions including the removal of the Programming and Activities committee and the Student Committee on Political Education. The revisions must get final approval from...

Pre-trial date set for Regents suit

By Jim Wozniak | March 23, 1988

DeKalb County Circuit Judge Rex Meilinger Monday set a pre-trial date of May 20 for the eminent domain lawsuit the Board of Regents filed against some DeKalb residents. Attorney Michael Funkey, who represents the Regents and requested the pre-trial date,...

Sandanista, Contras negotiate to end war

March 23, 1988

SAPOA, Nicaragua (AP)—Sandinista and Contra rebel negotiators said Tuesday they have exchanged proposals, which agree on major points, for extended cease-fire accompanied by amnesty and release of political prisoners. They began three days of meetings...

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