university of illinois - UIHistories Project

1957] UNIVERSITY OF ILLINOIS IO63
(c) By mutual agreement between the Press and a college, school, or
institute, responsibility for editing and distributing publications of a particular
division of the University may be delegated to an editor (and assistants if
needed) on the staff of that division.
(d) Establishment by any division of the University of a journal to be
offered for sale to the general public shall require prior approval by the University
Press Board. Such approval shall not be required, however, for
periodicals whose aim is to report the activities and findings of research and
service divisions established for the purpose of disseminating such information
(e.g., Agricultural Experiment Station and Extension Service, Engineering
Experiment Station, Institute of Labor and Industrial Relations, Bureau
of Business Management, etc.).
(e) The Director of the Press shall be responsible for the administration
of contracts with authors. Such contracts shall define the rights and obligations
of the author and of the Press, and shall state the basis on which
royalty payments are to be made to the author and the basis on which
receipts from the sale of secondary rights — reprints, foreign translations,
serial, dramatic, motion pictures, radio, television — are to be divided between
the Press and the author. A copy of the printed agreement in use by the
Press shall be made available upon request.
BUSINESS OFFICE
Sec. 11. (a) The Vice-President and Comptroller shall report to the
President and perform the following and such other functions as may be
assigned to him by the Board of Trustees or the President:
(1) Be the general fiscal officer of the Board. He shall approve for the
Board all expenditures for which a general or specific appropriation has been
made by the Board.
(2) Assist the Finance Committee of the Board in matters pertaining
to the handling of funds and investments.
(3) Report to the Board quarterly the financial condition and operations
of the University, and at such times and on such other matters as it may
direct.
(4) Devise and install suitable systems of accounting and business
procedure.
(5) Designate the place and manner in which financial records shall be
maintained.
(6) Be the general business officer of this University and be responsible
for those offices comprising the Business Office of the University and located
on all campuses of the University, whose delegated responsibilities are as
described below:
a) The Auditor's responsibilities extend to all University locations. He
shall:
i) Verify by audit the transactions and records of all officers and employees
responsible for the receipt or expenditure of money, for the keeping
of accounts, or for the custody of property.
ii) Review accounting systems and business procedures, test the effectiveness
of the system of internal control, and assist in the installation of new
procedures.
iii) Audit or cause to be audited the accounts of all organizations required
to submit financial reports to the University.