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

[5]

Part of Minutes of the University of Kentucky Board of Trustees

item | thumbnails | details | text | pdf
Download this image
- 5 Q. Acceptance of the Financial Statements of the University of Kentucky and Affiliated Corporations and Other Related Organizations for the Year Ended June 30, 1986 (FCR 5) With the concurrence of the Finance Committee , Mr. Clay recommended: that the Board of Trustees accept the audited financial statements of the University of Kentucky including the Management Letter and a Report on Compliance with House Bill 622, and separate financial statements for the Housing and Dining System, the Tobacco and Health Research Institute, and the University Hospital, for the year ended June 30, 1986; and that the Board of Trustees accept the audited financial statements of the affiliated corporations and other related organizations of the University of Kentucky including The Fund for Advancement of Education and Research in the University of Kentucky Medical Center, University of Kentucky Research Foundation, University of Kentucky Athletic Association, University of Kentucky Business Partnership Foundation, Inc., University of Kentucky Mining Engineering Foundation, Inc., University of Kentucky Equine Research Foundation, Inc., University of Kentucky Humanities Foundation, Health Care Collection Service, Inc., University of Kentucky Alumni Association, and the University of Kentucky Hospital Auxiliary for the year ended June 30, 1986. Mr. Clay complimented the internal auditors and Mr. Henry Clay Owen for an outstanding job in carrying out their responsibilities, and Mr. McCowan expressed his endorsement of Mr. Clay's comments. The motion, which was made by Mr. Clay and seconded by Mr. Rose, was voted on and carried. (See FCR 5 at the end of the Minutes.) R. Adoption of Resolution Concerning University of Kentucky Community Colleges Educational Buildings Refunding Revenue Bonds, Series D (Second Series), Dated October 1, 1986 (FCR 6) Mr. Clay called attention to the fact that at the meeting of the Board of Trustees held on June 25, 1986 the Board of Trustees approved the form of a Resolution authorizing the issuance of Community Colleges Educational Buildings Refunding Revenue Bonds, Series D (Second Series), of the University of Kentucky, dated August 1, 1986 and adopted a Resolution authorizing the President of the University to fix the date and hour of the sale of University of Kentucky Community Colleges Educational Buildings Refunding Revenue Bonds, Series D (Second Series), dated August 1, 1986, to arrange for the publication of the Notice of Sale of Bonds with respect thereto, to fix the date and hour for the receipt of bids, the date and hour of a meeting of either the full Board or the Executive Committee of the Board to be held at a later hour on the same day for the purpose of accepting the successful bid or rejecting all bids, to change the tentative estimated amount of such Refunding Bonds to be initially offered for sale, the tentatively estimated amounts of maturities of such Bonds for each of the years 1987 through 2008, and/or the date of such Bonds and all other dates pertaining to the Bonds, to the extent that any such changes shall be