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[2]

Part of Minutes of the University of Kentucky Board of Trustees

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UNIVERSITY OF KENTUCKY LEX;NGTON March 14, 1960 Dr. Frank G. Dickey, President University of Kentucky Lexington Kentucky Dear Doctor Dickey: I am submitting herewith the Financial Report of the University of Kentucky for the eight months period ended Febru- ary 29, 1960. This report contains a balance sheet and related financial statements which present a complete financial picture of the period for all funds of the University. The Current General Fund budgetary operations for the period reflect income realized for educational and general purposes in the amount of $11, 777, 669. 42 or 82. 3%o of the budget estimate of $14,318,431. 10. The expenditures, includ- ing encumbrances outstanding, amount to $9,251,205.50. This represents 64. 9% of the total Current General Fund Appropria- tions of $14, 250, 060. 92. Respectfully submitted, Frank D. Peterson Vice President Business Administration