Minutes of the Reguilar Meeting of the Executive Committee of
the Board of Trustees of the University of Kentucky, June 20, 1941.

     The Executive Committee of the Board of Trustees, University
of Kentucky, met in the President's Office, University of Kentucky,
Friday, June 20, 1941, convening at 10:30 a.m.   The members of the
Committee present were Judge Richard C. Stoll, Chairman; Lee Kirk-
patrick and Robert P. Hobson,   President Thomss Cooper and D. H.
Peak, Secretary of the Board, were present.   President-elect, Dr.
H. L. Donovan, attended the meeting.


     1. Approval of Minutes,

     The minutes of the meeting of the Executive Committee of May
16, 1941, were approved as published,   All actions of the Commmit-
tee taken and motions made and carried at that meeting were ratified
and approved.


     2. Financial Report.



    The Business Agent submitted the financial report
The report was ordered filed, and the summary thereof,
lished in the minutes, reads as follows:



for May 1941,
ordered pub-



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


                         Operating Accounts

Budgeted Income - - - - - - - --$1495,673.74
Estimated Reduction in Budgeted Income  - - - - - - -    13 000.00
Balance - - - - - - - - - -     - - - - - - - - - - - 10482,673.74
Salaries and Other Commitments  - - - - - - - - - -  1113.260.19
Available for Expense, Supplies & Equipment   - - - -   369,413.55
Expended to May 31, 1941 --344,209.29
Unencumbered Balance                                     25,204.26


                           Patterson Hall

Budgeted Income -99,980,00
Salaries and Other Commitments      - - - - - -19.550.0
Available for ExpensesSupplies & Equipment                80,430.00
Expended to May 31, 1941      - - - - - - - - - --- - - -  68,265.52
Unencumbered balance -                                    12,164.48