Collections: 
0-9 | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

[6]

Part of Minutes of the University of Kentucky Board of Trustees

item | thumbnails | details | text | pdf
Download this image
-6- Q. External Auditor for Fiscal Year 1977-78 (FCR 4) Mr. Clay reported that a sub-committee of the Finance Committee had interviewed various auditing firms and had recommended that the University continue to employ the firm Coopers and Lybrand, Certified Public Accountants, for the 1977-78 audit. Mr. Clay moved that the recommendation in FCR 4 be approved. His motion was seconded by Mr. Gorman and passed without dissent. (See FCR 4 at the end of the Minutes.) R. Authorization to Request Renovation Costs from Maintenance Fund (FCR 5) Mr. Clay moved that the Vice President for Business Affairs be authorized and directed to request the Trustee of University of Kentucky Housing Bonds of 1960 to make available the sum of $Z, 500 from the "Maintenance Fund" of said Bonds for the purpose of paying the cost of installing new floor tile in the Alpha Gamma Rho Fraternity House located at 700 Woodland Avenue. His motion was seconded by Mrs. Clark and passed without dissent. (See FCR 5 at the end of the Minutes.) S. Room and Board Rates for 1978-79 (FCR 6) At Mr. Clay's request, Mr. Blanton explained this item. He said that the rate increases in room and board for 1978-79 resulted from the higher costs of labor, food, and utilities, and represented the lowest amounts that could be implemented to keep the housing and dining operations on a break-even basis. In answer to some questions raised by Board members, Mr. Blanton indicated that the occupancy rate at the University of Kentucky is 98%, that there are a thousand more applications for housing this year then a year ago, and that the University ranks fourth on rates with its benchmark institutions. Mr. Clay moved that the five parts of FCR 6, which related to different plans, be approved as recommended. His motion was seconded by Mrs. Clark and passed without dissent. (See FCR 6 at the end of the Minutes.) T. Sale of Surface Rights - Oklahoma Property (FCR 7) Mr. Clay said that the Finance Committee had carefully considered the proposed sale of surface rights of the Oklahoma property, which came to the University of Kentucky in 1973 as a part of the estate of Violette Renaker, and believed it to be in the best interest of the University to accept the present offer. He then moved that the Board of Trustees authorize the Vice President for Business Affairs and Treasurer to execute the documents necessary to