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The Student News Site of Northern Illinois University

Northern Star
The Student News Site of Northern Illinois University

Northern Star

Protestors, police react to arrests

By Sylvia Phillips | March 25, 1988

Demonstration participants and DeKalb authorities commented about arrests which occured during Wednesday's protest of the U.S. military involvement in Honduras and aid to the Contras. "We (members of the DeKalb Interfaith Network and the John Lennon Society)...

NIU begins specific planning for tower

By Matt James | March 25, 1988

Now that plans for the renovation of the Holmes Student Center tower have been approved in concept by the Board of Regents, NIU will move to develop more specific plans to submit to the board next month. Conrad Miller, physical plant project manager,...

Amoco office will close in favor of Iowa location

By Greg Rivara | March 25, 1988

Fifty full-time and about 150 part-time Amoco workers will be relocated or lose their jobs by the end of this year. The Amoco Oil Company decided to close its Telecommunications Center in DeKalb and transfer the activities to West Des Moines, Iowa, said...

Traffic deaths reach last year’s total

By Marianne Renner | March 25, 1988

DeKalb County's death toll from car accidents in the last two months nearly equals the total from 1987. Six people died in traffic accidents in 1988, compared to eight fatalities in 1987. DeKalb County Sheriff Roger Scott said he partly attributes the...

State commission works for tax hike

By Tammy Sholer | March 25, 1988

The Illinois State Scholarship Commission is working for a tax increase for higher education because of the General Assembly's $224 million cuts below the 1986-87 ISSC appropriation. Robert Clement, ISSC director for agency relations, said the commission's...

Board OKs academic, renovation plans

By M. Michelle Byrne and Suzanne Tomse | March 25, 1988

The Board of Regents Thursday approved NIU's proposed academic and capital improvement plans for next year, even though four members did not attend the meeting. The capital improvement plans approved by the Regents include the renovation of the exterior...

Name: Gregg Bliss

March 24, 1988

Office: Vice President Major: Management Student Association vice presidential candidate Gregg Bliss said he plans to improve relations between campus organizations and the Student Association. Bliss said he would assign senators to liaison positions...

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...

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