Ms. Patterson said the Committee discussed the Common Reading Program. The book
this year is "No Impact Man” written by Colin Beaven. Over 4,000 freshmen read the book and
met in small groups to debrief and discuss their thoughts on the book.
John Herbst gave the Committee an update on the Student Center. The repairs to the roof
ofthe Student Center are underway, but that is not part of the big project. The coordination
process is continuing, and there has been quite a bit of student input concerning this project as it
moves along.
V. University Health Care Committee Report
Ms. Young, chair ofthe University Health Care Committee, reported that the University
Health Care Committee met Monday aftemoon. The Committee had one action item involving
the bylaws for the University of Kentucky Center on Aging Foundation. The item recommends
that the Board of Trustees approve the Second Amendment to the Articles of Incorporation ofthe
Corporation, attached hereto as Exhibit A and the revised Bylaws ofthe Corporation attached as
Exhibit B.
In 2006 the articles and bylaws were revised, allowing officers and directors to serve two
consecutive tenns, which meant six years. It was decided that Board members needed three
tenns, and this revision reflects that change.
On behalf ofthe Committee, Ms. Young moved approval of UHCCR l. Mr. Stuckert
seconded, and the motion carried without dissent. (See UHCCR l on the Board of Trustees
website, www.uky.edu/ Trustees under agenda.)
Dr. Richard Lofgren presented a comprehensive UK HealthCare Enterprise perfonnance
update explaining how data is compiled and coded. He reported that with few exceptions quality
and outcome scores continue to be strong and in many cases show steady improvement. Ms.
Young took a moment to compliment Dr. Lofgren for his hard work in putting together reports
and other documents for the Committee’s meetings. The reports on Monday were very
comprehensive and outstanding.
From there, Mr. Sergio Melgar presented the June 20ll financial report. There was an
operating profit of $3.4 million for the month of June and a strong-end of year operating income
of $32 million in spite of bad debt exposure. This is $9.5 million above budget. Fiscal year
20ll increased full time equivalents by 500 compared to 20l0, which was largely due to
ramping up the new patient care facility that now employs 5,400 FTEs. Depending on volume,
this will adjust over time.
The Emergency Department has shown a 10.8 percent uptick in growth. The value of
board designated investment now totals $2l0.3 million, which is a $31.5 million increase from
June of last year. Current investment loss is $l.5 million and year-to-date investment income is
$35.6 million.
.16.