Minutes of the Regular Meeting of the Executive Comnittee of
the Board of Trustees of the University of Kentucky, February 21,
1941.

     The Executive Committee of the Board of Trustees, University
of Kentucky, met in the President's Office of the University Friday,
February 21  1941, at 9:30 a.m.   The members of the Cormmittee pres-
ent were JuAge Richard C. Stoll, Chairman; Robert P. Hobson and James
Park.  President Thomas Cooper and D. H. Peak, Secretary of the
Board, were present.


     1. Approval of Minutes.

     The minutes of the meeting of the Executive Committee of January
17, 1941, were, approved as published.


     2, Financial Report.

     The Business Agent submitted financial report for January,
1941,   The report was ordered filed, and the summary thereof, order-
ed published in the minutes, reads as follows:


     FINANCIAL REPORT FROM JULY 1, 1940, TO JANUARY 31, 1941.
                          GENERAL FUND

                       Operating Accounts

Budgeted Income -___--_--_----___--____-_____- ,495,673.74
Estimated Reduction in Budgeted Income -----------     13,000,00
Balance --1--------------------------------------- 1,482,673.74
Salaries and Other Commitments ------------------- 1.113,260,19
Available for Expense, Supplies & Equipment    -      369,413.55
Expended to January 31, 1941 -------------------      237,175f24-
Unencumbered Balance -----------------------------    132,238,31


                        Patterson Hall

Budgeted Income --------------------------             99,980,00
Salaries and Other Commitments ---------    -------    19,550,00
Available for Expense, Supplies & Equipment ------     80,430,00
Expended to January 31, 1941 ---------------------     40.839.54
Unencumbered balance -----------------------------     39,590,46