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[5]

Part of Minutes of the University of Kentucky Board of Trustees

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4. *(e) The Financial Situation. Frankly, I am disturbed over the financial situation. The returns for 1Tovexber -were about $3,000. less than a year ago anrd it appears from the report of the auditor that the collections for December will amount to $175,000 as against $207,00) last December. Judging from the history of several years the December payments institute the larger payment of the year. It appears that the receipts of the year may run from $30,000 to )4`O4000 below the estimates. The def icit in all accounts on June 40, 1920 vwas$117,000 and the University has borrowed from the banks $175,000 in anticipation of the December and January pa',-mcnts. The University defioit is one of long standing going back over a period of some years. It, hovrever, has been difficult to make up the amount from current income. The University in-oifte has been reduced further by about $10,000 thru the remission of fees to ex-service men. The legislative act also called for the housing of such students whichl would ret quire not less than $100 per man or about $30,000 annually for three years. * s doubt exists relative to the application of this act the Executive Committee suggested to a committee of ex-service men that they take the matter to the courts to determine the re- sponsibility of the University. As a consequence of this act for which the Legislature made no appropriation, the University stands to incur an unfounded for expenditure in three years1 time approximately $120,000. High costs of materials such as coal, equipment and labor add to the burden of the University budget. The only outcome that I can see is a larger support both in in- come and capital account. '(f) New Dev. oment. The most noticeable feature in this year's development is in the establishment of the department of Public Health and Hygiene. This department i'as made possible by the appropriation of $11,900 by the Interdepartmental Social Hy- giene Board to the University. Against this the University is to maintain departments and work costing a similar sum. The new department now consists of four members; three physicians and a nurse. i daily dispensary is maintained, courses are given in hygiene and examinations are made of all students. In addition the department is projecting courses thru the Extension Depart- ment and cooperating with the Department of Publio Instruction in carrying out the provisions of the Physical Education Law passed by the Legislature oj 1920. The department of Pygiene and Publie Health finds itself handicapped by the lack of hospital facilities to take care of students who are ill. As it is now, the University sends students to the hospital, who often leave without payment of their bills. A system of health insurance with a possible charge of $3.00 per year for each student would take care of student ill- ness much more satisfactorily than at presents