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[4]

Part of Minutes of the University of Kentucky Board of Trustees

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UNIVERSITY OF KENTUCKY LEXINGTON March 30, 1956 Dr. H. L, Donovan, President University of Kentucky Lexington, Kentucky My dear Doctor Donovan: There is submitted herewith the financial report of the University of Kentucky for the first eight months of the fiscal year 1955-56. The Division of Colleges, debit balance in the unappropriated surplus account ($147,465. 88! will be liquidated from the income realized in excess of budget es- timates and departmental appropriations unobligated balances for the fiscal year '1955 -56. University of Kentucky fixed assets (buildings, improvements, contents) are in- sured through the State Department of Insurance. The insured value of these fixed assets and the premium costs for the year are as follows: Fixed Assets Division ofColleges Agricultural Experiment Station Motor Vehicles Robinson Sub -Station Western Kentucky Experiment Station Camp Robinson Residences and Temporary Buildings Bingham Camp and Dawson Springs Eden Shale Farm N. Y. A. Camp Mercer County Experiment Station Farm Woodford County Farm Insured Value 2,368, 820. 00 101, 190 00 86, 120S 00 153,650.00 16, 340, 00 848, 068. 00 130,680.00 16, 9 0.0 31,000,00 63,050,00 19, 600. 00 Totals $ 30, 196, 5 23, 0 0 Premium $43,314. 9 7 10,903, Z1 786, 31 1, 174. 56 1, 587, 53 243. 9 0 3,669, 50 2, 3 70 3 1 138. 18 8W06 00 613. 31 218. 95 $65, 826 73 The University owns 16, 774 acres of land and leases 682 acres. This land is used for: 100 acres, University campus; 1, 520 acres, Basic Agricultural Research; 1,292 acres, Farm Demonstration; 1 144) acres, Crop Experimentation; and 14,400 acres, Forestry and Restoration, The following schedule shows the property owned and leased; its use and location.