Finance Committee Report
                                                       December 13, 1966







  Members, Board of Trustees:

                     ACCEPTANCE OF HASKINS & SELLS,
               CERTIFIED PUBLIC ACCOUNTANTS, REPORTS

   Recommendation: that the Board of Trustees receive and file the audit reports of
   the financial records and related statements for the fiscal year ended June 30, 1966,
   from the firmr of Haskins & Sells, Certified Public Accountants, as shown below:


         Audits

         1. University of Kentucky
         2. Housing and Dining System-University of Kentucky
         3. The University of Kentucky Research Foundation
         4. The Fund for Advancement of Education and Research in the
                University of Kentucky Medical Center
         5. University of Kentucky Athletic Association
         6. The Thomas Poe Cooper Agricultural Foundation, Inc.

         Related Statements

         1. Statement of Reconcilement of Appropriations and Revolving Fund
                Balances Reported by the State Department of Finance with
                Balances Reported by the University, June 30, 1966
         2. Accountants' opinion on National Defense Loans


   Background: The Finance Committee of the University of Kentucky has reviewed
   the audit reports and related statements submitted by the firm of Haskins & Sells
   in conjunction with the administration of the University of Kentucky. The Finance
   Committee presents these reports to the Board for its acceptance.









Action: Approved    X     Disapproved           Other



Ddte:             December 13



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