UNIVERSITY               OF KENTUCKY


                           LEXINGTON                     December 6, 1962









Dr. Frank G. Dickey, President
University of Kentucky
Lexington
Kentucky

Dear Doctor Dickey:

I am submitting herewith the Financial Report of the University of Kentucky
for the five months ended November 30, 1962. This report contains a balance
sheet and related financial statements which present a complete financial
picture for all funds of the University.

The Current General Fund budgetary operations for the period.reflect income
realized for educational and general purposes in the amount of $ 14, 826, 536.41
or 57. 8% of the budget estimate of $ 25, 654, 285. 62. The expenditures including
encumbrances outstanding amount to $ 11, 121, 003. 58. This represents 42. 3%
of the total Current General Fund Appropriations of $ 25, 693, 929. 07.

                        Respectfully submitted,



                        Frank D. Peterson
                        Vice President
                        Business Administration



rt