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       0.    1999-2000 Budget Revisions (FCR 4)

       Mr. Chellgren stated that FCR 4 is the ongoing efforts to match the anticipated revenues
and anticipated expenditures as we revise the budget during the evolution of a fiscal year. One
item of note is anticipated revenue of $27,476,000 in the hospital that is offset by the same
amount as anticipated expenditures in the hospital. Mr. Chellgren reminded the Board that with
just sixty days left in the fiscal year that this is expected to be the last revision for this fiscal year.
There were other smaller budget revisions totaling some $1.5 million. Mr. Chellgren moved
adoption of FCR 4. The motion, seconded by Mr. Bates, carried. (See FCR 4 at the end of the
Minutes.)

       P.    Blue-White Fund Ouasi-Endowment Transfer (FCR 5)

       Mr. Chellgren stated that FCR 5 is a recommendation to move $1.6 million from the
Blue-White Fund Quasi-Endowment to the Plant Fund to support the construction of a new
football office building. It is anticipated that this reclassification to permit the immediate
initiation of construction of this new football office building will be repaid to the Blue-White
Fund Quasi-Endowment from a donor's pledge which will be paid over a multi-year period. Mr.
Chellgren moved adoption of FCR 5. The motion, seconded by Mr. Grayson, carried. (See FCR
5 at the end of the Minutes.)

       Q.    William Stamps Farish Fund Pledge (FCR 6)

       Mr. Chellgren stated that FCR 6, 7, and 8 are three very generous pledges and
contributions to the Department of Urology of the College of Medicine at the University. FCR 6
is a pledge from William S. Farish, a long-time great friend and benefactor of the University, for
$1 million to endow a Professorship and Chair of Urologic Surgery Research. It is anticipated
that this pledge will be matched by the state's Research Challenge Trust Fund. Mr. Chellgren
moved adoption of FCR 6. The motion, seconded by Ms. Sparks, carried. (See FCR 6 at the end
of the Minutes.)

      R.    Jack W. Graham Gift and Pledge (FCR 7)

      Mr. Chellgren stated that FCR 7 is a gift from Jack W. Graham in the amount of $50,000
as well as a pledge of $100,000 to support clinical research in education. It is anticipated that
this gift and pledge will be matched by the state's Research Challenge Trust Fund. Mr.
Chellgren moved adoption of FCR 7. The motion, seconded by Ms. Sims, carried. (See FCR 7
at the end of the Minutes.)

      S.    James F. Hardymon Gift (FCR 8)

      Mr. Chellgren stated that FCR 8 is a pledge of $1,000,000 from James F. Hardymon, a
colleague of many of the Board members who served on the Board of Trustees, to create the
James F. Hardymon Chair in Urologic Research in the College of Medicine. Mr. Hardymon has
pledged this in five equal installments, which also will be matched from the state's Research
Challenge Trust Fund. Mr. Chellgren moved adoption of FCR 8. The motion, seconded by Mr.
Grayson, carried. (See FCR 8 at the end of the Minutes.)