November 9,1989 River Club Trustees Attending: AUC Board of Trustees - Finance Committee Minutes Meeting of the Finance Committee The American University in Cairo Thursday 4:00PM Mr. Crary (Chairman), Mr. Hedlund, Mr. Hight, Mr. Hyde, Dr. Lamont, Mr. Kelberer, Mr. McCloy, Dr. Pedersen, Mr. Snaith, Mr. Wadsworth 1. The agenda was approved as presented. 2. The minutes of the last meeting were approved. 3. Results of the 1988/89 Budget - The Budget report was accepted. A proposal to transfer funds in addition to the $500,000 transferred for salary increases last. May was presented as follows: 1) LEI million and $900,000 to Plant Funds, of which $450,000 shall be designated for the Sheikh Rihan Library and $450,000 designated for the planned fa...