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       Ms. Greenwell indicated that she had invited her successor, Ms.
Cyndi Weaver, President of the Student Government Association, to the
meeting; however, Ms. Weaver was unable to attend.

       Mr. McCowan also stated that this would be the last meeting for
Ms. Evelyn Foster, who is retiring on June 30 after twenty-three and
one-half years in the President's Office.

       D.    President's Report to the Trustees  (PR 1)

       President Singletary reminded the Trustees that the next Board
meeting will be on August 18. He then said he was delighted to make
another announcement of great importance: the University now has errors
and omissions liability insurance coveraqe for all employees; however, it
is at a substantial increase in cost.

       President Singletary reviewed briefly some of the items in his
report to the Trustees and called special attention to: (1) the
dedication of the Maxwell H. Gluck Equine Research Center on June 5, (2)
the ground breaking ceremony for the campus of the newest community
college at Owensboro on June 22, (3) the ground breaking ceremony for
the new academic building at Lexington Community College, named for
Richard P. Moloney, Sr., which was held on June 18, (4) the 1987
Governor's Scholars Program on campus which will run through July 22,
and (5) the new scholarship program named for Lyman V. Ginger, former
dean of the College of Education.

       E.    Personnel Actions  (PR 2)

       In recommending that the appointments and staff changes in PR 2 be
approved, President Singletary said he was pleased to announce the
appointment of "a very promising, young professor of Mathematics" who
will also have some administrative duties, President-Elect David P.
Roselle. On motion made by Mr. Clay, seconded by Mr. Ramsey and carried,
the appointments and staff changes recommended in PR 2 were approved.
(See PR 2 at the end of the Minutes.)

       F.    Supplemental Personnel Recommendations of the President (PR
3A)

       President Singletary moved the approval of PR 3A and indicated his
pleasure in recommending the appointment of Professor John Thomas Bryans
in the Department of Veterinary Science as the newest Alumni Professor,
effective July 1, 1987. The motion, made by Professor Wilson and
seconded by Mrs. Hayes, carried unanimously. Professor Bryans, who was
in attendance was asked to stand and be recognized, following which he
was given a round of applause. (See PR 3A at the end of the Minutes.)

       G.    Operating Budget for 1987-88  (PR 3B)

       In opening his presentation, President Singletary referred to the
1987-88 Operating Budget as a continuation budget.  He stated that with
the adoption of last year's operating budget, the University was looking
forward to a very positive biennium. He pointed out, however, that the
relatively optimistic position has deteriorated markedly. He then
reminded the Trustees that in December a nonrecurring cut of $5.5 million
in state appropriation was announced: $4.5 million of program support