<pre style="white-space: pre-wrap">xt700000060t https://exploreuk.uky.edu/dips/xt700000060t/data/mets.xml Lexington, Kentucky University of Kentucky 19330725 minutes English University of Kentucky Contact the Special Collections Research Center for information regarding rights and use of this collection. Minutes of the University of Kentucky Board of Trustees Minutes of the University of Kentucky Board of Trustees, 1933-07-jul25-ec. text Minutes of the University of Kentucky Board of Trustees, 1933-07-jul25-ec. 1933 2011 true xt700000060t section xt700000060t 


    Minutes of Meeting of the Executive Committee of the Board
of Trustees of the University of Kentucky, July 25, 1933.


     The Executive Committee of the Board of Trustees of the Uni-
Versity of Kentucky met in President McVey's office at the Uni-
versity of Kentucky July 25, 193, at 10:30 a. m.   The members of
the Committee present were Judge R. a. Stoll, Chairman; James Park,
Joe B. Andrews, R. G. Gordon, and Senator 0. 0. Graves, the new
member appointed at last meeting of the Executive Committee. Pres-
ident Frank L. !McVey and Secretary D. H. Pealk were also present.

     1. Minutes Approved.

     The minutes of the meeting of the Executive Committee of June
23, 1933, were approved as published.

     2. Financial Report,

     The financial report for June, completing the report for the
year 1932-33. was received and ordered to be recorded in the Min-
utes,   It reads as follows:


                                            EXHIBIT "B"


            Statement of Income and Expenditures
                      Month of June 1333


Previously
Reported


Current
Month


Fiscal
Year
To Date


General Fund Income
  Federal Appropriation    42, 750.00
  Special Agr. Appro.       21,909.18
  Vocational Ed. Board     18, 720.05
  Bureau of Mim. & Top.
    Survey - Misc. Receipts   882.82
  Bureau of Mineral and Top-
    Survey - State Appro.   3,539.52
  State Tax                646,y570.75
  Int. on Endowment Bonds   8,644.50
  Int. on Liberty Loan Bonds 1,700.00
  Student Fees             188,443,.31
  Student Fees - SumSch.  14-,415.54
  Student Fees - U.,H.S4    9,135.05
  Student Fees - El.lTr.Sch. 7,477.25
  Student Fees - Un. Ext.  24,933.80
  Miscellaneous Receipts   19 ?547403
  Rentals                    2,463.72
  State Appr. - Library Book
    Stacks                   7,01,9.95


           42, 750,00
2,x 568.26  24 4 77. 44
4,728.95   3, .44900


29,79


3


912.61


  153.51    3, 693.03
2 , 613.9 9  679,184,74
            8,644 50
            1. 700.00
3,905.59  192,348.90
           14d4J 5. 54
   85,00    9,220.05
   80.00    7,557.25
1,454.70   26,388.50
2,770.92   22,317,95
  181,50    2, t5,22

6,728.38   13 ,74-, 33


2.


Ments Dormitories
           total


11 , 174. 19
1 029,326.66


   106.25  11,280.44
5S, 406.8Z I 084 7 33^o0


Expenditures
  Instruction             749, 736.19
  Adm. Expense & Maint,   226,925,64
  Additions and Betterments 17,023.47
             Total        993,685.30
  Excess of Income over Ex-
    penditures             35 641.36

Patterson Hall Income
  Board                    36,514.16
  Miscellaneous Receipts      213.74
  Room Rent - Summer School 1,271.50
             Total         37,999,40

Expenditures
  Expense                   29,932.21
  Additions and Betterments 2,080.12


             Total         32.
 Excess of Income over Ex-
    penditures               5

General Fund Income     1,067,
General Fund Expend,,    1025,
  Excess of General Pund
    Income over Expend,    41,
  Accounts Payable liqui.   (4.
  Accounts Receivable
    1932-1933
  Old Outstanding Warrants
    charged off
 Excess of Receipts over
   Expenditures for Gen-
   eral Ledger accounts   (4
 Excess of Receipts over
   Expenditures for the
   fiscal year to date -
   General Fund            33,
   * xcess of Receipts over
   Expenditures for the f is-
   cal year to date - General
   Fund
 Cash in Bank July 1, 1932 -
   General Fund
 Cash in Bank June 30, 1933
   General Fund


,012-.33


47,443.60
20, 296,92
14. 042. 31


797,179.79
247,222,56
31 065. 78


81,782X83  1,075,468.13

(26,376,03)    9, 265 33


1,243.25     37,757.41
     7.00        220.74
               1,271.50
, 1,250,25    39,249.65


4,519.16     34,451.37
               2,080.12
 4.519.16     36.531.49


,987Z07     (3*26s1)       2,718.16

,326.06     56,657.09  1,123,983.15
, 697. 63   86,301. 99  1, 111,999.62

628.43     (29,644.90)    11 ,983,53
110.99)     (2 267.44)    (6, 378. 43)

            (8,797.82)    (8a,797.82)

               695.28        695.28


,006 ,49)   35, 449.34    3 1 442.85


L5 10 95    456525)       28,945.41


28,945,41

12 274 36)


16,671.05


3.


Experiment Station Income
  Hatch - Federal Appro.
  Milk and Butter - Cash
  Beef Cattle Rales
  Dairy Cattle Sales
  Sheep Sales
  Swine Sales
  Poultry Sales
  Farm Produce Wales
  Horticultural Sales
  Seed Test
  Seed Inspection
  Rentals
  Miscellaneous
  Fertilizer - Fees
  Public Service - State


Rec.


Ap-


     propriation
 Public Service - Misc. Re-
     ceipts
  Feeding Stuffs   Fees
  Adams   Federal Appro.
  Serum   Sales
  Serum   Virus Sales
  Serum - Live Stock
  Serum - Supply Sales
  Serum - Misc. Receipts
  State Appropriation
  Creamery - License Fees
  Creamery   Testeri Licenses
  Creamery - Glassware Tested
  Robinson - State Appro.
  Robinson   Misc, Receipts
  West Ky. - State Appro.
  West Ky. - Misc. Receipts
  Purnell - Federal Appro.
  nursery Inspection - Fees
  Blood Test
             Total

Expenditures
  Expense
  Additions and Betterments
             Total

  Excess of Incomie over
  Expenditures
  Excess of Receipts over
  Expenditures for General
  Ledger accounts
  Old Outstanding Warrants -
  charged off
  Excess of Receipts over


15,000.00
8,053.65
   831.42
   346.00
   408.91
   466.91
 1,296924
 1,576.79
   304.32
   575. 69
19 203. 33
3 421.70
   612.12
15 772 25

17,252.49

    18 14
28,244.61
15,000.00
1,139.57
    70 92
    45. 70
    116,45
    60 00
44 346 23
  4,535.50
  1,480?00
    304.43
11, 459A12
  3,634,73
  12,055.80
  49 134,16
  60,000,00
  1,530.30
    912.75
274,210.23


253,917. 54
  2,739.74
256,657.28


17,*552.95


(13,468.10)


1 375.18
  329.40
  87.86
  108.48
  201; 91
  334.66
  110.90
  12. 25
  157, 75
2,096.23
   264,34
   60 56
10,228.75

3,352,23

     5.00
 3,675.15

   179,10
   13'50
   58 .02
   22.53
   12. 35
 32407.58
   340.00
   198.00
   192. 26
 2,570,15
   285 14
 2,032.05
   302.10

   110.00
   244.90


15,000 00
9;428.83
1,160.82
   433,86
   517: 39
   668r,82
 1,630, 90
 1,687,69
   316 57
   733. 44
21, 299, 56
3,686,04
   672.68
26,001, 00

20,604 72

    23 14
31,919.76
15 000  00
1,318,67
    84 42
    103 72
    138,98
    72 35
47, 753 81
4,875.50
1 678,00
   496' 69
14,029; 27
3,919687
14,087.85
4,436,26
60,000; 00
1 640 30
1. 157. 65


32,368, 33  306,578, 56


32,918.37 286, 835,91
1 757 49    4A497,23
34,675.86 291,333.14


(2,307.53) 15,245.42


19,987, 31  6,519,21

    73_ .93 ___   ____


Expenditures


4.0684.85


4.


Excess of Receipts over Ex-
penditures for the fiscal
year to date - Experiment
Station
Cash in Bank July 1, 1932 -
Experiment Station
Cash in Bank June 30, 1933 -
Experiment Station


21,838.56

(5.383.43)


16, 455.13


Extension Division Income
  Federal Smith-Lever
  Federal Additional Co-op.
  Federal Supplementary
  Federal Capper-Ketcham
  State Smith - Lever
  County and Other
                   Total


148,308.76
31,000.00
53,091,04
36,800.98
113,026.07
  2,245.74 1,260.36
384,472.59 1,260.36


148,308.'76
31,000,00
53, 091.04
36,800.98
113,026.07
  3,506.10
385,732.95


Expenditures
  Expense                  _340,674.71 43, 731.83


384,406.54


Excess of Income over Ex-
  penditures
Excess of Expenditures over
  Receipts for General Ledger
  Accounts

Old Outstanding Warrants -
  charged off


Excess of Receipts over
  Expenditures
Excess of Receipts over
  Expenditures for the
  fiscal year to date -
  Extension Division
Cash in Bank July 1, 1932
Extension Division
aash in Bank June 30, 193
Extension Division


trust Fund Income
  Student Loan Fund
  S tudent Notes Paid
           Total Receipts

Expenditures
  Expense
  Student Notes
           Total


43,797.88(42,471. 47)


1,326,41


(358,21)   (358.21)


358.21     558- 21


43,797.88(42, 471.47)


)  1 A 326, 41


l ,326, 41

7,737.68


969,15
2 050 Q.O
3,020. 03


  469,30
2,855. 25
3 3214. 55


42,90
10 00


62.03


1,012,05
2,060.88
3,072.93


531.33
2. 855. 25


62. 03    3, 386, 58


(9. 13) ._- (313. 65)


Excess of Expenditures over
Receipts  '                  (304. 52)


Excess of Exienditures over
Receipts for the fiscal
year to date - Trust" Fund
Cash in Balk July 1, 1932 -
Trust Pund
Cash in Bank June 30, 1933 -
Trust Fund


Summary
  General Fund Incormae
  Experiment Station Income
  Extension Division Income
  Trust Fund Income
                  Total


1, 067. 326, 06 56,657.09 1,123.983.15
  274, 210. 23  32,368.33  306, 578. 56
  384,472,59   1, 260.36  385, 732.95
      969.15      4-2.90    1,012.05
1,726b97803   9038 68 13 817, 306. 71


General Fund Expenditures
Experiment Station Expend.
Extension Division Expend.
Trust Fund Expenditures
                Total


Excess of Income over Exa-
penditures

Accounts payable liquidated

Accounts Receivable 1932-1933


1,025,697.63
  256, 657.28
  340, 674. 71
      469. 30
1,623.,498 92


86 301,99 1,11 1,999. 62
34,675.86   291,333914
43, 731,83  384,406.54
    62.03       531.33
164,7714 7-1 1, 788, 2Z0,63


103,479.11 (74, 443.03)

(4,110.99) (2,267,44)

            (8,797.82)


29,036. 0&

(6, 378. 43")

(8, 797.82 )


Old Outstanding Warrants -
charged of f


1,127.42


Excess of Receipts over Expend-
  itures for General Ledger A     4c-
  counts                      (17, 474.59) 55,07844


Student Loan Fund - Notes        (804. 37)    10,00       (794-.37)


Excess of Receipts over Ex-
penditures for the fiscal
year to date - Combined
Fund  


81,08916 ((29,292.43)   51,796,73


Excess of Receipts over Expendi-
tures for the fiscal year to
date - Combined Fund


Cash in Bank and on hand July 1,
1932 - Combined Fusnd


( 6,611, 53)


Cash in Bank and on hand June 30,
1933 - Combined Fund


(313.65)

1, 308.58

  994.93


1, 127.42


37, 603. 85


51, 796.773


=


4-5,185.20


6.


Abstract of item shown on Statement
of Income and Expenditures as "Excess
of Receipts and Expenditures for Gen-
eral Ledger accounts $37,603.85'1


                  Debit


Accounts Receivable

Insurance Paid in Advance

Sundry Accounts

Walter K. Patterson Fund

Outstanding Warrants - Can-
      celled

Surplus


28,763,01

  173.66

9, 207.60

5,000,00


1) 127.42

4. 413.00


5,540,42


43,144.27
5,5403.4
37) 603. 85


     3. Bureau of Mineral and Topographic Survey Statements AL-
proved,

     The Business Agent presented statement1s of salaries in the
Bureau of Mineral and Topographic Survey for months of July and
August, 1933, as follows:


July 16, 1933


  Louise Barton

  D. M, Young

  R. P. Meacham

  C. S. Crouse


Newell Wilder


     Payable from Appropriation


one month          $ 82.70

one month           107,70

                    150.00

                      7 70


50 hours @ 400


Arthur C, LcFarlan


20.000

465, 00


Credit


7.


               August 1, ]~933Paya~ble from Appropriation


            Louisa Barton           $ 81.00

            R. P. Meacham            108.00

            D. M. Young              108.00

            Arthu~r C. McFarlan     4165.00


     The statements were approved by the Executive Committee and
ordered to be submitted to the Auditor of Public Accounts for pay-
ment.


     4, Inheritance Tax Situation.

     President McVey reported that inheritance tax collections
made by the Auditor of Public Accounts in June, 1933, amounting
to $64,177.74, were' withheld from distribution, pending settlement
of certain refunds.   The amount of the refunds according to in-
formation now amounts to about $4-7,000.00.  The date of transfer
to the TUniversity of the balance, if any, is indefinite.  The
reason for withholding the funds is based on the decision in the
following case:


                OOURT OF APPEALS OF KENTUCKY

                        MTN 23, 1933


     J. Dan Talbott, Auditor of Public Accounts     Appe llant

          V.    Appeal from Franklin Circuit Court

     Ira A, TUrguhartis Exrs.              Appellees.


       OPINION OF COURT BY JUDGE THOMAS -   AFFIRM~ING

                         (Copied in Part)

          The second defense must share the same fate.   The
     same subsection of the Statutes (4 of section 428la-5)
     expressly provides that such refunds shall be made by
     the Auditor' "out of any inheritance tax money in his
     possession."   It does not recruire that the amount paid,
     or any part of it, shall be impounded and redelivered to
     the payer if it should be subsequently determined that


8,


      he was entitled to the whole o' any part of it  The
      only requirement being that he shall make payment out
      of any inheritance tax in his possession, and which he
      has not distributed according to law.   The answer in
      his case does not state that at the time of its filing
      there was no inheritance tax fund in the hands of de-
      fendant.   In the absence of such a showing, it becomes un-
      necessary for us to determine what would be the remedy of
      plaintiff, or the rights of the parties, in cases where
      there was no such tax fund in the possession of the Audi-
      tor.   If he has in his possession any such fund at the
      time payment is demanded of him, or required of him by
      order of court, it then becomes his duty to issue his
      warrant against that fundwhich will necessarily have the
      efxect to reduce the amount to be later distributed among
      the beneficiaries thereof, since their right to the fund
      is subordinate to that of a payer of taxes who paid his pro-
      portion thereof illegally and without the right of the core-
      monwealth to collect it, accompanied with the proper pro-
      test.


      It, therefore, is our conclusion that the judgment appealed
      fromwas and is proper, and it is affirmed.


      It appears further that an appeal from the decision of the
Court of Appeals of Kentucky in the case of Charleston's Heirs
against Talbott has been taken to the Supreme Court of the United
States.   This case involves the question of refund of inheritance
taxes paid by estates of non-resident decedents on transfer of
stock.   The secretary was directed to make further investigation
and report.

     5, Bank Accounts of Federal Funds and Interest Thereon.

     A ruling by the Comptroller General of the United States in-
volving the keeping of accounts of federal funds appropriated to
educational institutions is recorded in the Minutes of the Execu-
tive Committee of June 23, 1933, Sec. 17,

     In the same minutes is the statement of the depository of
University funds, The First National Bank and Trust Company, of
Lexington, Kentucky, to the effect that on and after June 16, 1933,
no interest could be paid on daily balances of University accounts,
The notice in part is as follows:

     "No member bank (referring to members  of the Federal Reserve
Barnking System) shall directly or indirectly by any device whatso-
ever, pay any interest on any deposit which is payable on demand."


9.


     Following this notice, President McVey wrote the Comptroller
General and received answer as follows:


     Sir:

          There has been received your letter of June 26,
     1933, as follows:

               "We have received from your office and also
          from the office of the Commissioner of Education
          a statement to the effect that all interest ac-
          cruing under the Morrill-Nelson and other acts
          shall be paid to the United States Treasury. Since
          then we have received a statement from the deposi-
          tory of this institution to the effect that no
          member bank shall pay any interest on any deposit
          which is payable on demand.   I, therefore, raise
          the question: what object can there be in requir-
          ing special accounts for special funds paid to
          the Federal Land Grant Oolleges, if no interest
          can be paid on such accounts?

               "If the requirement to maintain separate ac-
          counts for all these funds iti the bank is still
          insisted upon it means an added burden on the in-
          stitution, and also upon the bank which serves it.
          Since the purpose of the regulation was to meet
          the requirements of interest and that interest is
          no longer payable, is there any object in contin-
          uing the regulations of such special accounts?"

          My letter of March 22, ;933, A-46031, to the Secre-
    tary of Agriculture, as to the procedure to be followed in
    handling the funds in question by the State custodians,
    suggested that separate accounts should be maintained so
    that there would be no question as to the interest which
    accrued thereon, if any. However, since the funds in
    question are to be considered as funds of the United States
    until expended by the educational institutions to which in-
    trusted for safekeeping and expenditure, no reason appears
    why separate accounts should not be maintained even if no
    interest accrues thereon.   The educational institution,
    in any event, is to keep and use such funds for certain
    specific purposes only and to render an accounting there-
    for as to the use made, and it is not apparent why there
    should be any undue added burden to the institution in
    keeping a separate account with the bank,    In so far as
    the bank is concerned, since you state that no interest
    is payable upon such demand accounts, it is not apparent
    how it may have any ground for complaint in that connec-
    tion,


10.


          Accordingly, unless there are other reasons why
     the procedure in this Connection should be changed, no
     action in that respect will be taken by this office,

                              Respectfully,

                      (Signed)      J. R. HcKarl

                                    Comptroller General of the
                                         United States.

     The Executive Committee ordered that the Treasurer of the
University open accounts in the First National Bank and Trust
Company, Lexington, Kentucky, in accordance with directions of
the Comptroller General of the United States.

     The Business Agent's report as to interest dlue on federal
funds from January 16 to June 16, 1933, is as follows:


          The interest received from bank deposits on
     Federal Funds computed from January 16, 1933 (date
     of opinion given by Comptroller of Currency) to
     June 16, 1933 (date when First NNational Banlk: and
     Trust Company stopped paying interest) is shovon
     below:

       Mlorrill-Nelson Fund                 $23. 74-

       Experiment Station Fund              125.18

       Smith-Lever Funds                    805.63

                                            $904. 55


                         (Signed)         D, H. Peak
     July 25, 1933                    Business Agent


     6.   x Receipts 1930-31 to 1932-33

     President McVey presented a report, which was ordered in-
corpora.ted in the Minutes,of a comparison of tax receipts to
institutions of higher learning and common school fund for the
years 1930-31, 1931-32, and 1932D2-33.  This report follows:


                             11.


Comparison of Tax Receipts to Institutions of Higher Learning and
Common School Fund for the Years 193G-31, 1931-32, and 1932-33.


Institution


University
of Kentucky

Mor ehead


Murray


Eastern


Western

Common
School
Fund


  1930-31

  $5909,910.4i


  179, 591,3(


  179, 591,3(


  209, 214,82


  235, 468,8;


6 ,208,673,9:


Millage Tax

        1931-32

4     $556, 608.25


6      166 151.71


3      166,151,71


4      193,843,68


PI     218,765.46


1    5,732,234.13


  10-932-33

$466, 613. 11


1309,287.47


139,287,47


162,502.07


183,395.18


4, 805,418, 76


Inheritance Tax


University   537,570.85
of Kentucky

Morehead      67,196, 35


Murray        67,196,35


Eastern      134,392.70


Western      268, 785,45


377,896. 45


42,236.96


42, 236.96


84,474,01


168, 94-8, 06


212, 571, 63


26, 571.39


26, 571.39


53, 142. 82


106 ,285. 69


(a) PrraHBnA have been adjusted to take care of sheriffs' exon-


Per
Cent
De-
grase


22.6


22.6


22.6


22.6


22.6


22.6


60,5


60.5


60,5


60,5


60,5


                             12.

  (Table continued from preceding page)
Comparison of Tax Receipts to Institutions of Higher Learning and
Common School Fund for the Years 1930-31, 1931-32, and 1932-33,


                                                            Per
                                                            Cent
Institution                  Total Receipts                 De-
                                                            crease
               1930-31          1931-32       1932-33


University
of Kentucky $1,137,481.29   $894, 504.70    $8679,184.74   40,3


Morehead       246,787,71      208,388.67      165,858.86    32.8


Murray         246,787.71      208 ,388.67     165,858.86    32.8


Eastern        34.,607.54     278,317,69       215,644.89    37.2


'W7estern      504,254,27      387,713.52      289 680.87    42,6


     The order authorizing the borrowing of money, made at the
meeting of the Executive Committee, June 23, 1933, was changed to
read as follows:

          Authority to borrow, du'ing the fiscal year 1933-
     1934 for the purpose of paying salaries, bills approved
     and due and current operating expenses, a. sumi not to
     exceed one hundred thousand dollars ($100,000.00) is
     hereby granted.   This may be borrowed in part or in
     whole as needed, and note or notes executed therefor,
     'Iaich notes may be made for three months and renewed
     from time to time,   The Chairman of the Executive Com-
     mittee and the Business Agent or the President of the
     University and the Business Agent are authorized to sign
     such notes for the University of Kentucky.


13.


     7. Payment on Unpaid Salaries.

     President MicVey made report of payment on unpaid salaries for
the year 1931-32 on basis of ten per cent and unpaid obligations
to the University.   The amount distributed. was 823,264.69, previour
reductions having amounted to $4,121.72.   This leaves a balance of
'l173,049.48 unpaid on 1931-32 salaries.  This is subject to a
further reduction of indebtedness to University on fees.   The re-
port was approved by the Executive Zommittee, with the provision
that notation be made in the records of the Business Office that
such payments as made or that hereafter may be made on unpaid sal-
aries of 1931-32 shall in no wise amount to a recognition or ac-
ceptance by the Board of Trustees or Executive 0ommittee or anyone
in authority of any obligation of the University of Kentucky to pay
unpaid salaries of 1931-32 or any part thereof.

     further distribution on unpaid salaries of 1931-32, on per
cent basis and obligations to the University, in amount of balance
of 1932-33 income of general fund nolt; yet expended, was reoommend-
ed.   No exception was made as to amount of distribution to those
who have permanently severed service connection with the Universi-
ty.

     8. Sale of State Warrants.

     The sale of following State Warrants, reported by the Busi-
ness Agent, was approved:


                 IWARRAI'TS SOLD - JUNE - COLLEGE

           'To,   Face Value   Date   Discount     Int.    Total

Special A;.F8969 '$2279.23   3/31/33 $2079.79 (91 26,59   82106,38

VocRehab. F11393    927.83   6/20/33    844.32 (91) 1.29     845.61

Min, & Top. F11987  257.12   6/ 27/33   233.98 (91)    10    234.08

Spec.Ag.   F9040    500.00              456,25 (91) 5.63     461.88

Library
Stacks     F10575  4581.00            4180.16 (91i) 20.36   4800,52

Library
Stacks     F11991  P7RP 00    A /5r7/-Zp r   l 0 r; IO1 1f  ' 'I  lI


3on * . oQ


__ --- __- I __. __-1 -.1 "I     ( -L  11-L411, J-"


14.


WARRANTS SOLD - JUNE - EXPERIMENT STATION


Date  Face Value


F10853  $1833.33


F11990


F10955

F8966


Date  Discount


Int.  Total


6/2/33  $1672.92 (91) .,5.60O C1678,52


188. 43  6/27/33   171, 47 (91)


1414.06

3673.94


West Ky. F10954   1289.97


1290,33 (91@  3. 33

3361.65 (911-) 45.92


.08  171,55


193, 6S

3407.58


4.30 1184.62


6/27/33 1672.95 (91k)


6/26/33 1 276. 10 ( 91O )


, 76 1673.71


.39 1276.49


TABULATION OF SALE OF WVRRARTS 1932-1933


        Extension Division Fund


No     Wso#p V-


PlA CMont


Aimnint


Interest


F.771 5,000.00
  772 5,000,0O
  773 2,432.72
1870 12, 154.89
3200  l, 467, 75
4210 4,007.75
4208 4,0000,00
4209 4, 000.00
782114,143,06
8968 17, 100.47
Ca~sh 40. 693. 36
    120,000.00


85 3/4      4,287.50
85 3/4     4,287.50
85 3/4      2,086.06
931-93     11,334,04
89         10, 206'30
8q  less j  3,566,90
89--     II 3,570.00
89'  "   " 3,570.00
91^ 12,905,53
9         1 E,153433,17
Part of Appro. paid by


13.89
17,34
  6.76
  40. 42
  8 439
  15.03
  12.22
  12.22
  66. 78
  64.13
check


4, 3010 39
, 304.84
2, 092.82
11, 374.46
10, 290.69
3, 581. 93
  3,582,22
  3,582.22
  12,972.31
  15,497.30
  40, 693. 36
112, 273.54


- 7 726.46
120, 000,00


Public
Service

West Ky.

Robinson
S~tation

Ex. Sta,
  50H


Public
Service

Robinson
Station


F11989


F12181


1833. 37


1398.46


Total


Loss


1-1.80. 32 (91-L)


15.


Experiment Station Fund


Per Cent


Amount


Interest  Total


F.775 2,298.00
1869 5, 221. 54
3244  3,513,84
3249 2,842.49
4206 3,679?57
7823 3,241.21
8966 3,673;94
Cash 25,529.41
     50;000.00


85 3/4
93*-_95
89 leI
89
89
  91t
  91f
Part of


*   1 970.54
  I 4, 868. 54
s   3, 118.54
    2,529,81
    3, 274.82
    2Y 957.61
    3,361.66
Appro. paid b-y check

           Loss


Public Service Appropriation


F 778 1,833.33
18G8  1,833.33
3199 1,833.33
4207 1, 833.33
7824 17833.'33
8967 1,833.33
10853 1, 833.33
11989 1,833.'37
Cash  7,333.32
     22,000200


85 3/4   1, 572.08
931,,-93  1,708.74
89, lessi 1 631'66
89       1,631.66
91'1     1, 672.90
90t      1,654.58
91t      1, 6720 92
9t       1 p672. 95
Pa~rt of iAPPro, pai d by


Loss


Robinson Exp. Sub. Sta. Appropriation


F. 913 1,157;89
  3242 10580('49
  3976 1,218.88
  4662 1,023,99
  7893 1,291.33
  8970 1,08?,.71
10955  1,414.'06
12181 1,398.46
Cash  4.832.19
      15, 000.00


89 3/4
89' less .1
891  'I II,
89   it "I


l,039,21
1,402.69
1,087.85
9nq 7q


911         1 178, 35
90           977: 15
91T        1,290. 33
Part       1o )276 b10
Par oApproo paid by check


Loss


Fac e V.


6.39
17.27
25.85
20.91
112-r
15. 30
4-5, 92


1, 976'93
4 885 V 81
3,144.39
,?,550, 72
3,286.06
2,972,91
3, 407. 58
25, 529,41
47, 753.81
2,2016.19
50,000, 00


  5.09
  5.92
  15, 28
  5,60
  8.66
  7.00
  5.60
    .76
check


1, 77,17
1, 71.-, 66
1, 646.94
1,)637.26
1,681.56
1,661.58
1,678,52
1,673.71
7, 333.32
20,604,72
1,395. 38
22, 000.00


4.35
11.63
4. 74


2.56
5.74
3.87
3.33
.39


1, 043.56
1,414.32
1,0 92.59
   911. 35
 1,184.09
   981.02
 1, 293.66
 1,276,49
 4,832,19
14, 029. 27
   970, 73
15,000.00


16.


Amn-ivr1 i.


Tn iis- iOt


Tot al


'lu)    atLuceV.    .reL- %                              --   -


Western Kentucky Experiment Sub Station Appropriation


F. 914  1, 391.02
  3242  1,208.66
  3977   853.54
  4a663  1,474.22
  7894  1,325.31
  8971  1,748.99
  11990    188, 43
  10954  1,289.97
  Cash   5,519.86
       165000,00


89 3/4      1,248.44
891less 1   1,072.80
891 it "      761i79
89  "  "    1,308,37
91+         1, 209. 35
906         1, 578.46
91            171.47
P91a2- o1 180. 32
Pa~rt of Appro. pa~id. by


War Orphan Fund


F 10226   175.65    9 2


162, 48


Loss


4.88


Geological Survey Expense


921           718.16     16.28
Transferred to Union Transfer
Co. in payment of bill
                     Loss


Bureau of Mineral and Top. Survev Appro.


92'Y
91


284. 53
233,98


4.70
.10


Part of Appro. paid by check

                         Loss


Special Agricultural Appropriation


F. 3245 3,612.23
   4211 3,619,57
   9040    500.00
   7822 4,426,92
   8969 2,279,23
   Cash 11,062.05
        25,500.00


  92j--       3, 341. 31  55.19
  92 ?        3' 348 10   40.22
               Y   ?
 916           456,27     5.63
 9            4,0 39,56  22.75
 91          2, 079.79   26.59
Part of Appro. paid by check
                     Loss


    5.22
    8.89
    3.32.
    2. 67
    5.89
    6.63
    .08
    4. 30
check


1,253.66
1, 081. 69
  765.3.0
1,311 04
1, 215.24
1, 585.09
  1 71.55
1, 184. 62
5. 519 86
14,087.85
  9120.15
15, 000.00


Loss


F 1323
  1324


776, 39
462,89
1) 238.89


167.36
  7,29
175.65


F 3248
11987
Cash


   307. 60
   257 12
-2 . 435. 28
3, 000. 00


734.44
462, 50
1196.94
  412958
12383. 89


289.23
  234?08
2,4358,28
Z. 958.59
3,41:, 3


3,396.50
3, 388, 32
  461.88
4,062.31
2, 106. 38
11,062.05

25,500.00


ST


tr


1nfi e!N-+.


17.


Amount


Interest Total


Vocational Rehabilitation Fund


F. 6879 1,725. 48
  11393    927.83
         2,653,31


94k.
91


1,630.58
  844, 32


Library Book Stacks Appropriation


4, 07   1,634.65
1. 29     845 61
         2 480 26
Loss     _173:05
          2,653.31


F. 7825 7,650,00
  10575 4,581.00
  11991 2, 769 00
        15,000.00


914.
91L,


6,980.63
4,180 16
2,526 71

    Loss


39
20
1


Total loss by discount on sele of State
                 Warr ants


!.32   7, 01995
1.36   4,200.52
l.15   2,527.86
      13,748.33
      1,251.67
      15,000.00


$15, 788.84


     9, Agteement with War Department as to Camp Site Buildings at
Robinson Experiment Sub-Station,

     The Act of the Chairman of the Executive Committee and the
Secretary of the Board of Trustees in execute ing on July 19, 1933,
an agreement with the War Department of the United States of Ameri-
ca, as to removal of camp site building at Robinson Experiment Sub-
Station was approved.   Copy of the agreement follows:


          THIS AGREEMENTW, between the UNIVERSITY OF KENTUCKY and
     the WAR DEP'ARTMEINT OF THTE UNITED STATES OF Ai!ERICA,

          WITNESSETH: That the University of Kentucky covenants
     and agrees to and with the War Department of the United
     States of America that said War Departnient shall have,
     and is hereby given, the right to remove, at any time,
     any and all buildings which hav-e been, or may hereafter
     be, erected at its expense on any camp site on the prop-
     erty of the University of Kentucky in Breathitt County,
     Kentucky, which is now or amay hereafter be used and oc-
     cupied with the consent of said University for the pur-
     poses of the Citizens' Civixlian Conservation ap.


No .


Face V.


Per Cent


18.


           IN TESTIMONTY OF ALL WHEREOF, the University of
     Kentucky has hereunto set its hand by Richard C. Stoll,
     Chairman of its Executive Committee, and caused its
     corporate seal to be affixed and attested by D. H.
     Peak, Secretary of its Board of Trustees, this the 19th
     day of July, 1933, pursuant to a resolution of its Ex'
     ecutive Committee adopted the 19th day of July, 1933.


                                     UNIVERSITY O? KENTUCKY

                         (Signed)    BY Richard C. Stoll
                                         Chairman of it s Executive
                                         Committee

     Attest:

     (Signed) D, H. Peak
              Secretary of its
              Board of Trustees.


     10. Lease of Home Demonstration House.

     Dean Thomas Cooper presented the following recommendation:

          The lease on the property at 162 Bonnie Brae Av-
     enue, which is occupied as a home management house,
     will expire July 31, 1933.   I wish to recommend that
     it be re-leased from the Henry Clay Fire Insurance
     Company for the period of one year, namely, August</pre>