UNIVERSITY         '   OF KENTUCKY


                            LEXINGTON




                                            April 7, 1959




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 nine-months period ended March 31, 1959.  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 $12, 662, 783. 14, or 96. 1% of the budget estimate of
$13,180, 701. 63.  The expenditures, including encumbrances outstand-
ing, amount to $9,429,817.41.  This represents 73.3% of the total
General Fund Appropriation of $12, 863,940. 57.


                                            Respectfully submitted,



                                            Frank D. Peterson
                                            Vice President
                                            Business Administration