UNIVERSITY OF KENTUCKY LEXINGTON March 10, 1962 Dr. Frank G. Dickey, President University of Kentucky Lexington, Kentucky Dear Doctor Dickey: I am submitting herewith the Financial Report of the University of Kentucky for the eight months ended February 28, 1962. This report contains a balance sheet and related financial statements which present a complete financial picture 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 $ 17, 943, 770. 32 or 82. 4% of the budget estimate of $ 21, 764, 799. 93. The expenditures, including encumbrances outstanding amount to $ 14, 061, 763. 91. This represents 65. 4% of the total Current General Fund Appropriations of $ 21, 509, 315. 02. Respectfully submitted, Frank D. Peterson Vice President Business Administration