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[2]

Part of Minutes of the University of Kentucky Board of Trustees

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Upon motion duly made, seconded and carried, the Comptroller was di- rected to make the necessary budget adjustments in accordance with the Pres- identt s recommendation. D. University Budget for 1953-1954 Approved. President Donovan stated that he was submitting the budget for the Division of Colleges and Plant and Restricted Funds. The budgets for the Agricultural Experiment Station and Agricultural Extension Division were not included because sufficient information was not yet available concerning Federal appropriations for these budgets to be formalized. President Donovan made a statement as to how the University budget is de- veloped and prepared. He recalled that the efforts of many people are utilized in the formulation and preparation of a budget of this magnitude and detailed the steps involved. He presented a prepared statement showing median and av- erage salaries at the University and certain comparable institutions for 1951-52. He explained that this was the latest comparable data available. President Donovan emphasized the differences in salaries at the University as compared in the table distributed. He called attention to comparable data stating that salaries at the University of Kentucky are about 4% higher in 1952- 53 than they were in 1951-52. However, it can safely be assumed that salaries in comparable institutions have risen at least this much and probably more. In other words, there is little reason for believing that we have improved our com- petitive position by the increases given for 1952-53 or that it will be bettered by the increases proposed for the next year. The President asked the Comptroller to read COMMENTS ON TDIE ANNUAL INTERNAL BUDGET for the fiscal year ending June 30, 1954, summarizing es- timated income and anticipated expenditures. INTRODUC TION The General University Budget consists of four divisions; namely: 1. Division of Colleges and Plant, 2. Agricultural Experiment Station. 3. Agricultural Extension 4. Restricted Fux-. The budget herein submitted contains only requests for the Division of Colleges and Plant and the Restricted Funds. The budgets for the various departments of the Agricultural Experiment Station and the Agricultural Extension Diyision have been omitted from this budget because of the un- settled conditions relating to federal appropriations by Congress for the ensuing year. We do not know at this time whether Congress will increase or decrease federal appropriations for agricultural experimentation and agricultural extension work. These budgets for the fiscal year 1953-54 will be prepared and presented to the Board for approval as soon as we are notified by the Federal Department of Agriculture of federal grants avail- able to Kentucky.