UNIVERSITY             OF KENTUCKY


                             LEXI NGTON


                                          September 12, 1959






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


Dear Doc tor Dickey:

         I am submitting herewith the Financial Report of the Uni-
versity of Kentucky for the two months period ended August 31, 1959.
This report contains a balance sheet and related financial statements
which present a complete financial picture of the period 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 $4,385,252.94, or 30. 7% of the budget estimate of
$14,264,613. 10. The expenditures, including encumbrances out-
standing, amount to $2,419,083. 73. This represents 17. 1% of the
total Current General Fund Appropriations of $14, 131, 574. 80.


                                          Respectfully submitted,



                                          Frank D. Peterson
                                          Vice President
                                          Business Administration