11



    L. Financial Report

    Mr. Kerley explained that it had not been possible to provide the usual
monthly financial statement due to the early meeting date of the Board in April;
however, the report would be mailed to members of the Board as soon as it
could be completed. He said that future reports would carry a one-page
summary which would give the Trustees a quick picture of the University's fi-
nancial status.


    M. Plans for Association of Governing Boards Meeting Outlined

    Dr. Creech reported that approximately 200 regents and trustees were ex-
pected at the May 1-3 meeting of the Association of Governing Boards to be held
on the University of Kentucky campus. The meeting will open with a dinner
session on Sunday evening, May 1. There will be sessions on Monday followed
by a dinner at Spindletop Hall which the University Board of Trustees will host.
Tuesday morning will be the final session and the meeting will close with a noon
luncheon. Tours and other recreational plans have been made and Dr. Creech
hoped that the members of the Board would be able to participate in many of the
events.


    N. Time of May Meeting of Board Changed

    The next statutory meeting of the Board of Trustees, May 3, 1966, falls on
the final day of the AGB meeting; therefore, it was suggested that the Board meet
at 2:00 p. m. rather than 10:00 a. m. on Tuesday, May 3, and that members at-
tend the morning session and the luncheon of the AGB meeting. This suggestion
was put in the form of a motion which was duly seconded and carried.


    0. Meeting Adjourned

    Dr. Angelucci, having first determined that there was no further business to
come before the meeting, called for a motion to adjourn. The motion was made,
seconded, and carried and the meeting adjourned at 12:30 p. m.

                                      Respectfully submitted,


                                      H. B. Murray, Acting Secretary
                                      Board of Trustees


(PR 2, PR 3, PR 4, PR 7, Pr 8 are official parts of the Minutes of the April 5,
1966 meeting of the Board of Trustees of the University of Kentucky. )