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[33] > Image [33] of Minutes of the University of Kentucky Board of Trustees, 1960-03-apr5.

Part of Minutes of the University of Kentucky Board of Trustees

33 Current operating expenses increased in the amount of $801,634, and will provide for Departmental expansion, new services, and the mounting cost of utilities, materials and supplies. The net decrease from the 1959-60 appropriation in the equipment and im- provement object classification is due to the Agricultural Experiment Station non-recurring capital expenditure totaling $73,164. This expenditure represent- ed the purchase of equipment required for the operation of farms and substations. III. Auxiliary Enterprises Estimated income from the operation of residence halls for the fiscal year 1960-61 totals $795, 043. Appropriations for the operation and debt service charges total $788, 547. Trhe unappropriated income balance is a reserve for future debt service charges and vacancy losses. Total Personal Operating Debt Residence Halls Appropriations Services Expenses Service Men's Residence Halls $362,417 $ 55,160 $114,740 $192,517 Women s Residence Halls 293, 350 78,890 104,460 110,000 Women' s Residence Halls -Commis sary Totals 132, 780 52, 350 80, 430 $788,547 $186,400 $229,630 $302,517 Additional detail pertaining to the residence halls will be found in the sum- maries on pages three and five with income and expenditures by each dormitory on pages 128 through 137. III. Plant Fund The amount of bonds outstanding and payable on June 30, 1960 will be $12, 696, 500. Authorization to issue additional bonds total $450, 000 (Alpha Gamma Rho $150, 000, Sigma Chi $150, 000, and Sigma Nu $150, 000. ) The $861, 191 needed to meet the 1960-61 bond indebtedness obligation is shown as follows: Funds Provided From Amount Student Fees $ 64,041 General Stores 24,305 Auxiliary Enterprises 284,929 Restricted Fund Transfers 289,497 Rental Income 198,509 T otal $86 1, 19 1