Minutes of the Meeting of the Executive Committee of the University
of Kentucky, January 22- 1960.


       The Executive Committee of the University of Kentucky met in the
President' s Office on the campus of the University at 9:35 a. m. CST ( 10:35
CDT), Friday, January 22, 1960, with the following members present-
R. P. Hobson, Chairman; Harper Gatton. J. Stephen Watkins and Dr. Ralph
J. Angelucci.  Absent Wood Hannah, Sr.  President Frank G. Dickey and
Secretary Frank D. Pete-.son met with the Committee.


       A. Approval of Minutes.

       Upon motion duly made, seconded and carried, the minutes of the
Executive Committee of November 20, 1959, were approved as published.



       B. Financial Report.

       Mr. Peterson submitted financial report of the University of Kentucky
for the six-months period ended December 31, 1959.  The report contained
a balance sheet and related financial statements.  The Current General
Fund budgetary operations for the period reflected income realized for educa-
tional and general purposes in the amount of $10, 366, 775.3 0, or 72. 5% of
the budget estimate of $14,299,431. 10.  The expenditures including encum-
brances outstanding amounted to $6,944, 847. 00.  This represents 48. 8% of
the total Current General Fund Appropriations of $14, 239, 944. 87.

       Members of the Executive Committee reviewed the various statements
and, being advised, upon motion duly made, seconded and carried, the
financial report was received and filed.



       C. University Purchases Approved.

       Mr. Peterson submitted the following letter:


                                             January 19, 1960

       President Frank G. Dickey
       University of Kentucky

       Dear President Dickey:

       From October 1, 1959 through December 31, 1959 the following
       requisitions and orders were processed for the purchase of
       merchandise, supplies, material and other items for the use
       and benefit of the University of Kentucky-