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[3]

Part of Minutes of the University of Kentucky Board of Trustees

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- 3 James M. Buchanan, Nobel Laureate, will be on campus April 25 talking about economics and his theory of economics. The dedication of the Mining and Minerals Resources Building will be held on Friday, April 8, and Senator Wendell Ford will be in attendance to preside over the building dedication. President Roselle noted that Mr. George Evans, Secretary of the Energy Cabinet, will also be a participant. William G. Moody, Professor, Department of Animal Sciences, has been appointed Academic Ombudsman for 1988-89 and succeeds Professor William H. Fortune, College of Law. President Roselle explained that Professor Moody will continue an 18-year tradition by faculty members of handling issues of an academic nature involving students, faculty and administrative staff when problems arise. Professor Moody was asked to stand and be recognized, following which he was given a round of applause. F. Rudget Update In opening his presentation, President Roselle reminded the Board of the bleak budget update given to then at the previous Board meeting. He stated that he wished to familiarize the members with some of the planned initiatives by the administration in dealing with the difficult budget and the flexibility to undertake these initiatives. He pointed out that the number one priority for the budget is salary increases for faculty and staff. President Roselle explained that the last legislative session was difficult in the sense that there was not enough revenue available to adequately fund the programs of the Commonwealth. In particular, faculty and staff salaries were funded at an annual rate to reflect a 2% increase the first year and a 5% increase the second year of the biennium. He added that despite the disappointment of a less than adequate response to the administration's request, the legislature was very helpful to the University. He noted that in addition to recognition of faculty and staff salary increases, the legislature did the following: (1) provided support for opening new buildings, (2) provided support for special initiatives in the College of Engineering, (3) supported the Japanese Saturday School, (4) authorized debt financing for a business and economics building, (5) authorized a renovation project associated with an older building, (6) authorized debt financing for several community college projects, and (7) provided nearly S1 million for support of Agriculture Extension activities. He pointed out that all of these initiatives are important and needed. President Roselle stated that the budgetary situation is better than previously indicated to the Board and expressed appreciation to Governor Wilkinson, members of his staff, and members of the legislature. He also expressed appreciation to the members of the Board, the alumni, faculty, staff, and students for their involvement in helping bring about a better budget for the University.