Minutes of the Regular iieeting of the Executive Committee of
the Board of Trustees of the University of Kentucky, postponed
from April 18, 1941, to April 22, 1941.
The Executive Comm-ittee of the Board of Trustees, University
of Kentucky, met in the Presidentts Office, University of Kentucky,
Tuesday, April 22, 1941, convening at 11:00 a.m. This meeting
was held by unanimous consent of !-he members of the Committee, it
being impracticable to hold a meeting on the regular meeting date,
April 18 1941. The members of the Committee present were Judge
Richard C. Stoll, Chairman; H. S. Cleveland, Lee Kirkpatrickt and
James Park. President Thomas Cooper and D. H. Peak, Secretary
of the Board, were present. On invitation, President-elect Dr.
H. L. Donovan attended the meeting.
1. Approval of Minutes.
The minutes of the meeting of the Executive Committee of 1.,arch
21, 1941, were approved as published. All actions of the Committee
taken and motions made and carried at that meeting were ratified
2. Financial Report.
The Business Agent submitted the financial report for IM.arch
1941. The report was ordered filed, and the summary thereof,
ordered published in the minutes, reads as follows:
FINANCIAL REPORT FROM JULY 1, 1940, TO JUARCH 31, 1941
Budgeted Income - - $1495a673.74
Estimated R'eduction In Budgeted Income 13.000,00
Balance - -- - - - - - - 1,482 673.74
Salaries and Other Commitments - - - - - - - - . 6019
Available for Expense, Supplies & Equipment - - - 369,,13.&5
Expended to March 31, 1941 - - - - - - - - - - - 2892447.15
Unexpended balance - 79,966.40
BudQMeted Income - - - - - - - - - - 99,980.00
Sala:ies and Other Commitments - - - - - - - - - 19,550.00
available for Expense, Supplies & Equipment - - - 80, 450,00
Expended to March 31, 1941 - - - - - - - - - - 52.7 42.5
Unencumbered balance - - 27687.41