Minutes of the Meeting of the Board of Trustees, University of
Kentucky, May 28, 1945.


     The Board of Trustees of the University of Kentucky met in the
President's Office at ,10:10 a.m., Monday, May 28, 1945.  The fol-.
lowving members were present: Governor S. S. Willis, Mrs. Paul G-.
Blazer, Judge R. C. Stoll, R. P. Hobson, Judge H. It. WValters, H. S.
Cleveland, John Fred Williams, H. D. Palmore, T. H. Cutler, Robert
Tway, Harper Patton, John C. Everett, and Grover Creech.  President
H. L. Donovan and Comptroller Frank D. Peterson, Secretary of' the
Board, were present.


     A. Approval of Minutes.

     The minutes of the Board of Trustees of April 3, 1945, and tl-he
minutes of the Executive Committee of May 5, 1945, were approvers ris
published.


     B. Report of Comptroller.

     The Comptroller made the followving w-ritten report:


                                             M-Jay 23, 1945

    President H. L. Donovan
    University of Kentucky

    My dear President Donovan:

         I attach hereto copy of the financial report for the
    period ending April 30, 1945.


                             income
         The total estimated income for the Univ rrsity, College
    Division, for the current year is 104.8 .%; received at the end
    of the first ten months ol' the fiscal year.  This favorable
    budget position is accounted for by a larger student enroll-
    ment during the last three quarters of the year than was
    estimazted.  There has also been an increase in the number
    of students desiring courses in applied music.   Receipts
    from sales and services have exceeded the estimate.   The
    budget for the Residence Halls for lWomen was made and adopt-
    ed with the understanding that an adjustment vould be
    requested in case dormitory space wzas completely utilized.
    The income has exceeded the estimate, but no requcr.t has
    been made to adjust the budget in keeping with actual dormi-
    tory operations.   The expenditures for these purposes will
    undoubtedly eceed the amount budgeted, thus requiring an