2


       E. Budget Revisions for 1973-74 (PR 4)

       President Singletary commented that PR 4, Budget Revisions for 1973-74,
had been made available to the Executive Committee members ten days prior to
the meeting and stated that Dr. Clapp would be happy to answer any questions
which members might have. There being none, on motion by Mr. Sturgill,
seconded by Mr. Griffin and passed without dissent, the revisions in the 1973-74
budget as recommended in PR 4 were authorized and approved. (See PR 4 at the
end of the Minutes.)


       F. Budget Director Appointed (PR 5)

       President Singletary said that since Dr. Clapp had assumed the position
of his Executive Assistant he had been looking for his replacement as Budget
Director and was pleased to recommend to the Executive Committee the ap-
pointLent of Mr. Edward A. Carter, presently Fiscal Affairs officer for the
Community College System. Mr. Carter worked in the Budget Office prior to
his present assignment and is familiar with the operation of that office.

       Mr. Clay called for a motion on President Singletary' s recommendation
and, on motion by Mr. Cooper, seconded by Mr. Griffin and passed unanimously,
Mr. Edward A. Carter was named Budget Director effective November 20, 1973.

       At President Singletary's request, Dr. Clapp introduced Mr. Carter, who
was present at the meeting, and Mr. Clay extended on behalf of the Executive
Committee members best wishes to Mr. Carter in his new role. (See PR 5 at
the end of the Minutes.)


       G. Audits for Affiliated Corporations and the University of
Kentucky Credit Union Accepted (FCR 3)

       Mr. Clay called on Mr. Forgy for those items on the agenda from the
Finance Committee. Mr. Forgy explained that the Finance Committee had not
met to consider the itenms on the agenda and for that reason he wished to with-
draw FCR 1, Interim Financial Report, and FCR 2, Authorization for Lease with
City of Cumberland. FCR 3, Acceptance of Audit Reports for the Affiliated
Corporations and the University of Kentucky Credit Union, required action prior
to the December meeting of the Board in order to provide copies to the Council
on Public Higher Education. Mr. Forgy then recommended that the Executive
Cormnittee accept the financial statements prepared by the firm of Coopers &
Lvbrand.

      The Executive Committee members, having had an opportunity to look
over these reports earlier, agreed to act on behalf of the full Board and, on
motion by Mr. Sturgill, seconded by Mr. Griffin and passed without dissent,