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[8]

Part of Minutes of the University of Kentucky Board of Trustees

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- 8 - H. Proposed Amendment to the University of Kentucky Tobacco and Health Research Foundation. Inc. Articles of Incorporation (PR 3B) President Wethington recommended that the proposed amendment to the Articles of Incorporation of the University of Kentucky Tobacco and Health Research Foundation, Inc. be approved by the Board. He noted that Dr. Magid had worked with the Board to change the composition of the membership of the Board. Mr. Ulmer moved approval. Mr. Chellgren seconded the motion and it carried. (See PR 3B at the end of the Minutes.) I. Candidates for Degrees - Communitv College System (PR 4A) President Wethington recommended that the degrees specified on the list attached to PR 4A be awarded to the persons named, upon certification that the requirements for those degrees have been satisfactorily completed. Professor Sistarenik moved approval. His motion, seconded by Mr. Rose, passed. (See PR 4A at the end of the Minutes.) J. Acceptance of Interim Financial Reporti r the University of Kentucky for the Six Months Ended December 31. 1992 (FCR 1) Mr. Hardymon, Chairperson of the Finance Committee, reported that the Finance Committee had met that morning and reviewed twelve items for the Board's consideration. He said that FCR 1 is the Interim Financial Report. It shows that the realized income as of December 31, 1992 is 51% of the 1992-93 estimate and expenditures/commitments at that time is 49% which illustrates that the University has a solid performance in relation to the budget. Mr. Chellgren made a motion to approve FCR 1. Mr. Ulmer seconded the motion, and it carried. (See FCR 1 at the end of the Minutes.) K. Capital Construction Report (FCR 2) Mr. Hardymon said that FCR 2 is the Capital Construction Report. He reported that the Finance Committee had reviewed the report and it is very complete. He recommended that FCR 2 be accepted. Mr. Ulmer moved acceptance of the report. Mrs. Weinberg seconded the motion, and it passed. (See FCR 2 at the end of the Minutes.) L. Approval of Lease (FCR 3) Mr. Hardymon said that FCR 3 is a lease that exceeds $30,000 and requires Board approval. The lease involves Hazard Community College and is for lease space for expansion in the old Hazard Post Office building. He recommended approval of the lease. Mr. Chellgrer. moved approval. His motion, seconded by Mr. Rose, carried. (See FCR 3 at the end of the Minutes.) M. 1992-93 Budget Revisions - Central Administration (FCR 4) Mr. Hardymon said that FCR 4 involves budget revisions to the 1992-93 approved budget. He noted that there is an explanation of all of the changes in the documents and the increase in revenues generate the need for the increase in expenditures. Mr. Wilcoxson moved approval of FCR 4. Mr. Chellgren seconded the motion, and it passed. Governor Breathitt commented that there was a full discussion on the budget at the Finance Committee meeting. (See FCR 4 at the end of the Minutes.)