xt702v2c8d4x https://exploreuk.uky.edu/dips/xt702v2c8d4x/data/mets.xml Lexington, Kentucky University of Kentucky 19621111 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, 1962-11-dec11. text Minutes of the University of Kentucky Board of Trustees, 1962-11-dec11. 1962 2011 true xt702v2c8d4x section xt702v2c8d4x
Minutes of the Board of Trustees of the University of Kentucky, December
11, 1962.
The Board of Trustees of the University of Kentucky met in the Pres-
ident's Office on the campus of the University at 10:15 a.m., EST, Tuesday,
December 11, 1962, with the following members present: Governor Bert Combs,
Chairman; Dr. -Ralph J. Angelucci, Robert H. Hillenmeyer, Dr. R. W. Bushart,
Dr. H. B. Murray, Gilbert Kingsbury, Floyd H. Wright, W.F. Foster, Emerson
Beauchamp, Dr. Harry Denham, Sam Ezelle, Judge James A. Sutherland,
Aubrey Brown and Lewis Cochran: Absent, Shiith D. Broadbent, Jr., Clifford
E. Smith and Wendell P. Butler. Present also for the meeting were Dr.
Frank G. Dickey, President of the University, and Dr. Frank D. Peterson,
Secretary of the Board.
A. Meeting Opened.
It having been determined that a quorum was present for the transaction
of business, the Chairman called the meeting to order. Dr. Kenneth Harper,
Acting Dean of Men, opened the meeting with prayer.
B. Minutes Approved as Published.
Upon motion duly made, seconded and carried, the Minutes of the
meetings of the Board of Trustees of September 18, and of the Executive Com-
mittee of October 19 and November 16, 1962, were approved as published.
C, Financial Report.
Mr. Peterson made the following financial report for the period ended
November 30, 1962.
UNIVERSITY OF KENTUCKY
LEXINGTON December 6, 1962
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 five months ended November 30, 1962. This report contains a balance
sheet and related financial statements which present a complete financial
picture 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 $ 14, 826, 536.41
or 57. 8% of the budget estimate of $ 25, 654, 285. 62. The expenditures including
encumbrances outstanding amount to $ 11, 121, 003. 58. This represents 42. 3%
of the total Current General Fund Appropriations of $ 25, 693, 929. 07.
Respectfully submitted,
Frank D. Peterson
Vice President
Business Administration
rt
University of Kentucky
Balance Sheet
November 30, 1962
ASSETS
Current Funds:
A. General
Cash in Bank
Available Balance, State Appropriation
Cash on Deposit, State Treasurer
Inventories
Deferred Charges
Accounts Receivable
Accounts Receivable-Hospital ( Net)
Unrealized Income
Total General
B. Restricted
Cash in Bank
Petty Cash Advances
Investments
Accounts Receivable ( Net) ( Medical Fund)
Notes Receivable ( Haggin Fund )
Total Restricted
Total Current Funds
Loan Funds:
Cash in Bank
Notes Receivable
Investments
Due from Federal Government
$ 629, 716.64
4,642,008.55
1,214,627.96
432,290.96
7,666.20
94.13
q55 020.07
10, 827,749.21
$ 18, 109, 173.72
$ 839,074.76
28,591.86
3, 679, 785.04
10, 126.21
27,000.00
4 584.577.87
$22.693,751.59
$ 26,997.79
699, 228.12
26,500.00
474.93
Total Loan Funds
$ 753, 200.84
I.
a
University of Kentucky
Balance Sheet
November 30, 1962
LIABILITIES
Current Funds:
A. General
Reserve for Departmental Requisi
Reserve for Inventories
Other Liabilities
Appropriation Balances
Unappropriated Surplus:
Division of Colleges
Medical Center
Agricultural Experiment Station
University Hospital
Agricultural Extension Division
itions
$ 2,292,221.03
432, 290.96
7,666.20
14,572,925.49
$ 295,
414,
100,
(6,
190.63
735.85
478.35
384.79)
50.00
804. 070.04
Total General
B. Restricted
Outstanding Check Liability
Reserve for Accounts Receivable
Restricted Fund Balance
Total Restricted
Total Current Funds
Loan Funds:
Principal Balances-
National Defense Educ. Act. 1958-
Federal Government
University of Kentucky
Accum. Interest Income NDEA
$ 18, 109, 173.72
$ 17, 627.54
10, 126. 21
4,556, 824. 12
4,584.577. 87
$ 22.693,751.59
$ 607, 422.91
67, 491.42
1,810.38
Total National Defense Education
Act
Principal 676, 724.71
University Student Loans 42,508.58
University Special Student Loan Funds 19, 401.00
Expendable Balance
$ 738, 634.29
14. 566. 55
Total Loan Funds
I.
b
II.
753,200.84
University of Kentucky
Balance Sheet
November 30, 1962
ASSETS
III. Endovment Funds:
Cash in Bank
Investments
$ 13,448.25
276, 617.46
Total Endowment
$ 290, 065. 71
IV. Plant Funds:
A. Unexpended Plant Funds
Cash on Deposit, State Treasurer
Available Balance, State
Appropriation
Total Unexpended Plant Funds
B. Retirement of Indebtedness Funds
Cash in Bank-Due State Treasurer
Cash on Deposit, State Treasurer
Cash on Deposit, Trustee
Investments
Unrealized Income
$ 2, 239,107. 76
7, 894, 462. 69
$ 10, 133,570,45
$ 27, 673.00
384,994.49
489, 840e66
1, 098, 977. 63
165 150. 48
Total Retirement of Indebtedness
Funds
C. Invested in Plant
Land $ 4, 153,027. 29
Buildings 66, 872, 163.73
Equipment 16, 645, 722.34
Construction in Progress 13, 148, 639.72
Total Invested in Plant
Total Plant Funds
V. Agency Funds:
Cash in Bank
Investments
2,166, 636. 26
100, UI9, 553.08
$ 113,119,759.79
$ 109,6 81. 37
5, 967. 19
Total Agency Funds
C
$ 115,648.56
University of Kentucky
Balance Sheet
November 30, 1962
LIABILITIES
III. Endowment Funds:
Principal Balances
Expendable Balances
$ 279, 197.50
10,868. 21
Total Endowment Funds
$ 290,065.71
Plant Funds:
A. Unexpended Plant Funds
Reserve for Plant Requisitions
Plant Appropriation Balances
Total Unexpended Plant Funds
B. Retirement of Indebtedness Funds
Fund Balance
Total Retirement of Indebtedness Funds
C. Invested in Plant
Bonds Payable
Due to Other Governmental Units
Net Investment in Plant
Total Invested in Plant
Total Plant Funds
V. Agency Funds:
Agency Fund Balances
$ 7,522,984.55
2, 610, 585.90
$ 10, 133,570.45
$ 2, 166, 636.26
2, 166, 636.26
$ 21, 302, 000.00
3, 010, 000.26
76, 507, 552.82
100, 819,553.08
$113, 119,759.79
$ 115,648.56
Total Agency Funds
d
$ 115, 648.56
e
University of Kentucky
Statement of Unrealized Income
For the Current Fiscal Period Which Began
July 1, 1962 and Ended November 30, 1962
I. Educational and General:
A. Student Fees
Incidental Fees and Tuition
Training School Fees
Adult and Extension Education Fees
Total Student Fees
B. State Appropriations
Division of Colleges
Medical Center
Geological Projects
Agricultural Experiment Station
Agricultural Extension Service
Total State Appropriations
C. Federal Grants
Division of Colleges
Agricultural Experiment Station
Agricultural Extension Service
Total Federal Grants
D. Endowment Income
E. Sales and Services of Educational
Departments
Division of Colleges
Agricultural Experiment Station
Total Sales and Services of
Educational Departments
Total Educational and General
II Service Enterprises:
Post Office
III. Gifts and Grants:
Kentiickv Research Foundation
IV. Hospital
GENERAL FUND
Estimated Realized
INCOME
Unrealized
$ 1, 557, 414.00 $ 902, 951. 94 $ 654,462.06
17, 500.00 7, 650.00 9, 850.00
148,000.00 63, 287.34 84,712.66
$ 1, 722,914.00 $ 973, 889.28 $ 749,024.72
$ 9,578,701.00$ 5,600, 156.00$ 3,978,545.00
6, 125, 000. 00 3,273, 000.00 2, 852, 000. 00
640, 000. 00 612, 000.00 28,000.00
1, 325, 540. 00 785, 845.00 539,695.00
1,530,000.00 902,700.00 627, 300.00
$19,199,241.00$11, 173,701.00$ 8,025,540.00
$ 303, 071. 62 $ 246, 092. 76 $ 56,978. 86
968,293.00 559,024.00 409, 269.00
2,112, 781.00 1, 133, 006.35 979, 774.65
$ 3, 384, 145. 62 $ 1, 938, 123. 11 $ 1, 446,022.51
$ 38, 600. 00 $ 22, 728. 07 $ 15,876.93
$ 30,000.00 $ 10, 563.53 $ 19, 436.47
700,000.00 301,039.86 398,960.14
$ 730, 000. 00 $ 311, 603. 39 $ 418,396. 61
$25, 074, 900. 62 $14, 420, 039. 85 $10, 654, 860, 77
$ 5,500.00 $ 2, 291.65 $ 3,208.35
$ 26, 725. 00 $ 13, 362. 50 $ 13, 362.50
$ 547, 160.00 $ 390, 842. 41$ 156,317.59
$ 25, 654, 285. 62 $ 14, 826, 536. 41 $ 10, 827, 749. 21
Total General Fund Income
f
Universi-y of Ker.ucky
Statement of Departmental Appropriations
For the Current Fiscal Period Which Began
July 1, 1962 and Ended November 30, 1962
I. Educational and General:
General Administrative
Offices
B. General Expense
Student Services
Staff Welfare
General Institutional
Services
Total General
Expense
C. Instructional ( Including
Departmental Research)
College of-
Agriculture and Home
Economics
Arts and Sciences
Commerce
Dentistry
Education
Engineering
Law
Medicine
Nursing
Pharmacy
Graduate School
University Extended
Programs
House Staff
Appropriations
Encumbrances
Expenditures Outstanding
Unencumbered
$ 450, 178. 14 $ 239, 652. 13 $ 8, 573. 06 $ 201, 952. 95
$ 567,899.81 $ 190,973.74$ 4,740.36$ 372,185.71
283,000.00 73,187. 71 209, 812. 29
614, 587. 65 383, 136. 09 40, 863. 56 190, 588. 00
$ 1, 465, 487. 46 $ 647, 297. 54 $ 45, 603. 92 $ 772,586.00
$ 539, 851. 45 $ 200, 648. 09 $ 13,254.40 $ 325,948.96
2, 996, 292. 56 1, 109, 648. 86 47, 653. 09 1, 838, 990. 61
350,117.33 143, 214.38 2,982.49 203,920.46
301, 598.16 97, 103. 88 8, 996. 03 195, 498. 25
685,130.08 259,585.03 10,097.62 415,447.43
743,165.00 286,056.90 11,229.58 445,878.52
157,846.31 65,270.72 860.25 91.715.34
2, 167, 548. 75 667, 738. 65 63, 648.77 1,436, 161.33
177,347.33 65, 036. 16 248. 24 112,062.93
137,900.00 42,876.21 4,336.72 90,687.07
36,820.48 11,721.66 689.26 24,409.54
725,336.24 276,465.13 19,224.89 429, 646.22
142, 129. 02 52, 404. 27 89, 724.75
Total Instructional
( Including Departmental
Research) $ 9, 161, 082.71
$ 3, 277, 769. 94$
183, 221. 36$ 5, 700, 091.41
D. Activities Relating to
Educational Departments
E. Organized Research
University Research
Agricultural Experiment
Station
Total Organized
Research
$ 73, 200. 00 $ 23. 303. 65 $ 7, 895. 60 $ 42, 000.75
$ 299,734.05 $ 92, 535. 94 $ 93, 785. 86 $ 113, 412. 25
3, 011, 133.00 1, 012,500.28 182, 982. 85 1, 815, 649. 87
$ 3, 310, 867. 05 $ 1, 105, 036. 22 $ 276, 768. 71 $ 1 929, 062. 12
University of Kentucky
Statement of Departmental Appropriations
For the Current Fiscal Period Which Began
July 1, 1962 and Ended November 30, 1962
F. Extension and Public
Services
University Extension and
Public Services
Agr. Ext. Service
Total Extension and
Public Services
G. Libraries
H. Operation and Maintenance of
Physical Plant
Total Educational
and General
II. Service Enterprises:
Post Office
Medical Center
Total Service
Enterprises
III. University Hospital
IV, Student Aid
V. Working Capital
VI. Clearing Accounts
VI1. Debt Service- Bonds Retired
VIII. Debt Service- Reserve
Total Departmental
Appropriations
Encumbrances
Appropriation Expenditures Outstanding Unencumbered
$ 982,873.30 $ 134, 457.93 $ 564,917.10 $ 283,498.27
3, 642, 781.00 1,454,909.70 15,983.25 2, 171, 888.05
$ 4, 625,654.30 $ 1,589, 367.63 $ 580,900.35$ 2,455,386.32
$ 741,632. 35 $ 259, 457. 11 $ 11,998.51 $ 470, 176.73
$ 2, 625,597.00 $ 828, 608. 38 $ 356, 767. 25 $ 1, 440, 221.37
$22,453,699.01 $ 7,970,492.60$ 1,471,728.76$13,011,477.65
$ 42,855.00 $ 13, 275.07 $ 414.65 $ 29,165.28
79,075. 16 36,559.39 13,902.23 28, 613.54
121,930.16 $ 49, 834.46 $ 14, 316. 88 $ 57,778.82
$ 2,594,480.79 $ 723, 300.07 $ 316, 202.50 $ 1,554,978.22
$ 15,300.00 $ 4, 400.00 $ $ 10,900.00
1:
$ 90,000.00 $ ( 38, 102.69)$ 215,016.98$ (86, 914. 29)
$ 69,578.49 $ 44, 798.40 $ 75. 00 $ 24, 705.09
$ 219,000.00 $ 219,000.00 $ $
$ 129,940.62 $ 129,940.62$ $-
$ 25, 693,929.07 $ 9, 103, 663.46 $ 2,017,340. 12 $ 14,572, 925.49
1. Negative Figure
g
h
University of Kentucky
Statement of Plant Fund Appropriations
For the Current Fiscal Period
Beginning July 1, 1962 and Ending November 30, 1962
I. Unexpended Plant Fund
Acquisition of Land
Prestonburg Community College
Appropriations Expenditures
$ 142,200.00 $
142, 200.00 $
Encumbrances Unencum-
Outstanding bered
$
Construction of Buildings
Consol. Educ. Bldg. Bond
Proceeds-Chemistry and Physics
Building
H.aggin Hall
Northern Extension Center
Northwest Extension Center
Southeast Extension Center
Women's Dorm. Architectural Services
Consol. Educ. Bldg. Bond
Proceeds- M. King Library
Addition to Student Union Building
Alpha Gamma Rho Fraternity House
Sigma Chi Fraternity House
Commerce Building
Elizabethtown Extension Center
Addition to College of Law
Med. Sch. Plans and Specif.
Medical Science Building
Medical Center Hospital Out-
patient Clinic
Medical Center Landscaping
Medical School Dental Wing
Agricultural Research Center
Feltner 4-H Camp
Weed Research Greenhouse
Cereal Plastic Greenhouse
Swine Farrowing and Testing Station
Horticultural Shed
Beef Service Facilities
Office and Service Bldg. -Quicksand
Swine Farrowing Barn-Coldstream
Swine Testing Station
Ram Testing Barn-Coldstream
Sheep Barn Coldstream
Two Plastic Greenhouses-Poultry
Farm
Agr. Research Center-4 Greenhouses
and Headhouse
Lath House Horticulture
Delta Gamma Sorority
Prestonburg Community College
Somerset Community College
Hazard-Blackey Community College
1 Negative Figure
$ 155,576.04 $
4, 420.43
10,011.90
2,243.66
10,535.28
4,978.06
402, 022. 12
164,606.31
1, 184.44
841. 27
24, 870.00
29,099. 00
16,340.00
24, 510.67
13, 616. 33
99, 867.26
3,991.24
5.056.78
2,002,795.55
21,951.62
386.74)
500.00
17, 800.00
1,712.43
2,253.00
149,760.57
611.36
590.68
1,699.37
170.06
( 1,387.38)
197, 333. 04
42.78
368. 86
26,200.00
26, 200.00
26, 200.00
1
( 215.07)
$
1
16,145.86 $
4,650.00
4,250.00
5,100.00
8, 335.06
139, 430. 18
4, 635.50
5, 361. 90
(2,006. 34k
5, 435. 28
( 3, 357. 00)1
24, 166. 28 377,855.84
164, 606. 31
1, 184. 44
841. 27
24, 870.00
29, 099.00
14,047.00 2, 293.00
24, 510.67
13, 616. 33
85,671.91
194, 815.61 1, 871,282.74
342.00
14, 195. 35
3, 991. 24
5, 056. 78 1
( 63, 302. 80)
21, 951. 62 1
( 386.74)
500.00
17, 800.00
1, 712. 43
2, 253.00
149, 760. 57
611. 36
590.68
1, 699. 371
( 171. 94)
1
( 1, 387. 38)
2,543.75 194,789. 29
42. 78
368. 86
1,000.00 25, 200.00
26, 200.00
26, 200. 00
i
University of Kentucky
Statement of Plant Fund Appropriations
For the Current Fiscal Period
Beginning July 1, 1962 and Ending November 30, 1962
Construction of Buildings ( continued )
Hopkinsville Community College
Sigma Alpha Epsilon
Zeta Beta Tau
Landscaping Commerce Builcting
Decorating Consulting- Student Union
Building
University Entrance Main Campus
Beef Cattle Shed-Mercer Farm
Poultry House-Poultry Farm
Bull Shed-Coldstream Farm
Steer Feed Shed-Coldstream
Animal Pathology Barn-Coldstream
Machinery Shed-Robinson Sub Station
Dairy Center
Parking Area-Clifton Avenue
Waveland Kentuc ky Life Museum
Total Construction of Buildings
Appropriations Expenditures
$ 26, 200.00
500.00
500.00
850. 00
4, 600. 00
4, 300.00
3,500.00
21, 200.00
3, 000.00
20,400.00
16, 000. 00
367.02
11,700.00
$
$
Encumbrances
Outstanding
Unencum-
bered
$ 26, 200. 00
500.00
500.00
850.00
4, 600.00
4, 300.00
35. 52
21, 500.00
2, 642.00
20, 000.00
16, 000.00
125.51
6, 000.00
20 000. 00
3, 500. 001
( 300. 00)
358.00
400.00
205. 99
5, 700. 001
( 20,000.00)
2,000. 00 2, 000.00
$ 3, 705,503.01 $ 345,513.12 $2,125,375.05 $1.234,614.84
Renovation and Improvement of Buildings
Repairs to Coldstream $ 2, 802. 61 $
Horticultural Greenhouse 1, 300. 00
Remodel and Paint Dairy Heifer Barn 402. 04
Coldstream Beef Barn 5,736. 88
Paint Coldstream Buildings 92.00
Repair and Paint Dairy House 1,-500.00
Convert Sheep Building-
Pesticide Building 3, 544. 62
Install Commode Dairy Barn- Eden Shale 54. 78
Repair and Remodel Bldgs. - Coldstream 153. 16
Repairs Agr. Engr. Building ( 2, 523. 62) 1
Hood Replacement-Home Economics 265. 27
Agr. Engr. Building 5, 021. 30
Renovation of House-Quicksand 3, 681. 17
Repair Entomology Greenhouse and Insectory 562.10
Air Conditioner Installed in Dairy Barn ( 457. 37)
Pence and Kastle Halls 7,350. 00
Tile Roof Deck Funkhouser Bldg. 4, 700. 00
Isolation Barn 6,935.85
Repair Tobacco Barn-Mercer Farm ( 103. 77)1
Repair Animal Pathology Barn 3, 500. 00
Repair Roof and Barn-Dairy 3, 000. 00
Reynolds Roof Repair 322. 84
183.00 $
314. 81
242.00
1, 200.00
2, 828.27
(2,523.62) 1
2,523.62
1,679.35
670.00
4, 672.00
6, 300.00
279.00
1. Negative Figure
$
2, 377. 61
100. 00
402. 04
5, 736. 88
92. 00
1, 500. 00
401. 54
54. 78
153. 16
265. 27
2,497. 68
2, 001.82
( 107. 90Q
4572375
7, 350.00
28. 00
635. 85
103.77)
3, 221.00
3,000.00
322. 84
University of Kentucky
Statement of Plant Fund Appropriations
For the Current Fiscal Period
Beginning July 1, 1962 and Ending November 30, 1962
Renovation and Improvement of
Buildings ( continued )
Encumbrances
Appropriations Expenditures Outstanding
Total Renovation and Improvement of
Buildings
$ 47, 839.86 $
497.81 $ 17, 870.62 $
Acquisition of Equipment
Medical Science Activation of
Inventories
Southeast Ext. Center-Equipment
Med. Sch. Lib. Acq. and Supplies
Medical Center Hospital-Outpatient
Clinic Movable Equipment
Medical Science Building-Equipment
Medical Science Building- Act. of Inv.
Chemistry Physics Building-Chemistry
Department Equipment
Chemistry-Physics Building- Physics
Department Equipment
Margaret I. King Library Equipment
Air Conditioner Units
Hospital Equipment Accounts
Univ. Hospital Patient Care-
Activation Inventory
Dental Science Building-Equipment
Rare Book Room-Equipment
1 otal Acquisition of Equipment
$ 200, 000.00 $
478. 25
28, 664. 28
110,055.22
153, 851.47
30, 354. 29'
31, 539. S6
20,701.05
(14,446.76)1
1, 065. 28
645, 688. 95
300,019.71
377, 761. 83
$
6, 265. 22
2,673.48
3, 260. 02
111. 80
4, 257. 96
$ 200,000.00
478. 25
22, 399. 06
42, 819.60
83, 925. 99
22, 354. 32
1
64, 562.14
66, 665. 46
7, 888. 17
71,349.69 ( 44,067.79)
1
102. 63 56,199.87 ( 35, 60 l. 45
( 14,446.76)
569. 00 496. 28
5, 544. 79 261, 439. 37 378, 704. 79
11, 791. 14
72. 45
59, 755. 87
95,036. 89
1, 495. 00
228,472.70
282, 652. 49
( 1,495.00)
$ 1, 885, 733. 43 $ 34, 079. 49 $ 685, 439.71 $ 1, 166, 214. 23
Other Improvements
U. of Ky. Electrical Dist. System
U. of Ky. Steam and Return Line
Renovation
U. of Ky. Razing of Wate-r Tank
Boiler Renovation
Razing of Neville Hall
Miscellaneous Boiler Repairs-U. of Ky,
Robinson Sub Station Renovation of
Heating System in Auditorium
Feltner 4-H Camp Sewage and Water
System
Replace Water Line- W. Kentucky
Road South Farm
Pumphouse and Distribution System-
South Farm
Fencing-Agronomy Area
Install a Transformer-W. Kentucky
Repair Roads-Mercer Farm
$ 34, 178. 87 $
$ 37, 000.00 $ ( 2, 821. 13)
346. 63
891.51
477. 92
700-00
829.32
346. 63
891. 51
477. 92
700.00
829. 32
10, 803.08
10, 803. 08
16, 374. 99
1, 083. 30
4, 785.00.
1.6, 374.99
1, 083. 30
4,785.00
2, 618 84
1, 189. 25
2.00
55. 50
250. 00
2, 618. 84
939. 25
2.00
55.50
1. Negative Figure
j
Unencurn-
bered
29.471.43
k
University of Kentucky
Statement of Plant Fund Appropriations
For the Current Fiscal Period
Beginning July 1. 1962 and Ending November 30, 1962
Other Improvements ( continued )
University of Kentucky Campus Lighting
Water System-South Farm
Coldstream Farm-Water System
Roads Poultry Farm
Total Other Improvements
Contingency Reserves
Medical School Clearing
Total Unexpended Plant Funds
II. Retirement of Indebtedness Funds
Debt Service
Ist PWA Issue
2nd PWA Issue
Dorm Rev. Bond Issue
Auditorium Field House Issue
Library Building Issue
Stadium Addition Issue
Dorm Rev. Issue (456 Rose)
Journalism Building Bond Issue
Dorm Rev. Issue ( 476 Rose)
Student Dorms ( 1953)
Student Dorm ( Kappa Sigma)
Student Dorm ( Lambda Chi)
Student Dorm ( Phi Sigma Kappa)
Student Dorm ( Pi Kappa Alpha)
Dormitory Rev. Bonds of 1952
Dormitory Rev. Bonds of 1954
Dorm. Rev. Bonds of 1955-
Cooperstown Apartments
Dorm. Rev. Bonds of 1956-Six
Sorority Dorms
Dorm. Rev. Bonds of 1956-
Student Dorms Reserve
Dorm. Rev. Bonds of 1956-
336 Clifton Avenue
Dorm. Revenue Bond of 1956-
Holmes Hall
Dorm. Revenue Bonds of 1956-
Shawneetown
Appropriations Expenditures
$ 1, 224.00 $
40, 000. 00
55, 000.00
Encumbrances
Outstanding
39,000.00
Unencum-
bered
$ 1, 224.00
1, 000.00
55,000.00
1,000.00 1, 000.00
$ 171, 560. 21 $ $ 77, 250.00 $ 94,310.21
85,975.19 $ $ $ 85,975.19
$5, 896,611.70 $ 380,090.42 $2,905,935.38 $2,610,585.90
$ 59.83
18,699. 86
24,095. 25
61,579.53
111,626.51
18,434.90
7, 936. 35
30, 989.50
4, 962. 93
49,893.49
4, 924. 93
6,620,27
4, 315. 10
5,485.41
57, 688.00
31, 470.11
254, 225.55
58, 182. 50
31, 250.00
8, 138.00
47,033. 50
$
9,361.38
2,362.50
49,331.25
2,825.00
1,668.75
3,187.70
2,810.00
9,970. 00
16,178.75
9,671.25
$
$ 59.83
9,338.48
21,732.75
12,248.28
108,801.51
16,766.15
4,748.65
30,989. 50
2, 152.93
39, 923. 49
4,924.93
6,620.27
4, 315. 10
5,485.41
41,509.25
21, 798.86
41,456.25
212, 769. 30
19,627.50
38, 555.00
3L,4 250.00
3,015.00
5, 123.00
13,956. 25
33, 077. 25
90,410.00 63,335.00
27, 075. 00
University of Kentucky
Statement of Plant Fund Appropriations
For the Current Fiscal Period
Beginning July 1, 1962 and Ending November 30, 1962
Debt Service ( continued)
Dorm Rev. Bond of 1957- 468 Rose
Dorm. Rev. Bond of 1957- 342 Clifton
Avenue
Housing Bond of 1958-Haggin Hall
Consol. Educ. Bldgs. Project
University of Kentucky Housing Bonds
U of Ky. Housing and Dining Hall
Total Debt Service
Sinking Fund Reserves with Trustee
Dorm. Rev. Bonds of 1955-
Reserve Holmes Hal;
Dorm. Reve. Bonds of 1956- Shawneetown
Dorm. Rev. Bonds of 1952- Res.
Dorm. Rev. Bonds of 1954-Res.
Consol, Educ. Bldg. Rev. Bonds-Reserve
Housing Bond of 1958- Haggin Hall
U. of Ky. Housing Bond of 1960- Reserve
Total Sinking Fund Reserve
Total Retirement of Indebtedness
Funds
Total Plant Fund Appropriations
Appropriations Expenditures
$ 7, 667.00 $
8, 310. 55
154, 607.88
495,695.26
11, 500.00
2, 639. 97
5,840.00 $
Encumbrances Unencum-
Outstanding bered
$ 1, 827.00
3, 115.00
514. 00
5, 195. 55
154, 607. 88
495,695.26
10, 986.00
2, 639. 97
$ 1, 608, 442. 18- $ 258, 225.58 $ $ 1,350, 216. 60
$ 83, 885.18 $ $ $ 83, 885, 18
208, 726. 01 208, 726.01
128, 993.49 128, 993. 49
70,982.27 70,982.27
253,471.46 253, 471. 46
47,160.79 47,160.79
23, 200.46 23, 200. 46
$ 816,419.66 $ $ $ 816, 419, 66
$ 2, 424, 861. 84 $ 258, 225.58 $ $ 2, 166, 636. 26
$ 8, 321, 473. 54 $ 638, 316. 00 $ 2, 905,935. 38 $ 4, 777, 222. 16
m
University of Kentucky
Statement of Other Fund Transactions
For the Current Fiscal Period Which Began
July 1, 1962 and Ended November 30, 1962
Balances
July 1. 1962
Restricted Funds:
Receipts
Disburse-
ments
Balances
November 30. 1962
Fund Balances
$4, 555, 660.67 $5, 559, 187.04 $5, 558,023.59 $4,556,824.12
Loan Funds:
Principal:
National Defense Educ. Act.
1958
Federal Government
University
Accum. Interest Income-
NDEA
University Student Loan
University Special Student
Loan Funds
Expendable
Subtotal
Endowment Funds:
Principal
Expendable
Subtotal
Agency Fund:
Balances
$ 512, 670.19
56, 963. 34
$
1, 184.58
53, 036.66
17, 725. 00
94,752.72
10,528.08
$
$ 607, 422.91
67, 491.42
625. 80
( 10,528. 08)1
1, 810.38
42, 508.58
1,676.00
19, 401.00
13, 626. 63 991.54 51. 62 14, 566.55
$ 655, 206.40 $ 98, 046.06 $ 51. 62 $ 753, 200. 84
$ 279, 197.50 $ $ $ 279, 197.50
10, 429. 12 672. 26 305. 00 10, 796. 38
$ 289, 626.62 $ 67 2. 26 $ 305. 00 $ 289, 99388
03,929.72 $ 592, 630. 69 $ 680, 911. 85 $ 115. 648.56
Combined Totals
$ 5, 704, 423. 41 $ 6, 250, 536.05 $6,239,292.06 $5,715,667.40
1 Net Transfers
16
Members having heard the report and being advised, upon motion duly
made, seconded and carried, the report was received and ordered put to record.
D. University of Kentucky Housing and Dining Hall Bonds of 1961, Dated
April 1, 1961--Supplement Approved.
The Secretary reminded the members of the Board that at the Board
meeting of December 13, 1960, action was taken to authorize $1, 225,000 "Uni-
versity of Kentucky Housing and Dining Hall Bonds of 1960" to be dated as of
April 1, 1960, and that in order to secure such bonds a Trust Indenture was
authorized and thereafter duly executed with Farmers Bank & Capital Trust
Company, Frankfort, Kentucky, as Trustee, When construction bids were
opened they substantially exceeded the estimates thereof, and subsequently the
Board negotiated a "Revised Lcan Agreement' with Housing and Home Finance
Agency of the United States (HHFA) contemplating an increase of the bond issue
from $1, 225, 000 to $1, 325, 000, a change in the date of the bonds from April 1,
1960, to April 1, 1961, and re-designation of the bonds as "'University of
Kentucky Housing and Dining Hall Bonds of 1961". It was necessary to amend
the previously executed Trust Indenture, and at the Board's meeting on Septem-
ber 19, 1961, action was taken to authorize an "Amendment to Trust Indenture"
which was thereafter executed with the Trustee and duly recorded. Bond
Counsel has now discovered that although the amount of the bond issue, the ma-
tur'ity schedule, and the redemption provisions were properly amended, never-
theless through inadvertence there was a failure to redesignate the various
special funds provided for in the original Trust Indenture as well as a failure
to increase the amounts to be paid into such funds, and the amounts of the
reserves to be accumulated and maintained therein, There has now been tendered
a "Supplemental Trust Indenture"', prepared by Bond Counsel for the purpose
of correcting these oversights. The text of the instrument has been reviewed
and found to be in conformity with the HHFA "Revised Loan Agreement", and it
was the recommendation of the Secretary that action be taken at this time
to authorize the execution thereof with the Trustee.
After discussion Board Member James Sutherland introduced, caused
to be read in full, and moved immediate adoption of a proposed Resolution, in
which the text of the "Supplemental Trust Indenture" was incorporated in full,
as follows:
A RESOLUTION OF THE BOARD OF TRUSTEES OF
THE UNIVERSITY OF KENTUCKY AUTHORIZING
THE EXECUTION, WITH FARMERS BANK & CAPITAL
TRUST COMPANY, AS TRUSTEE, OF A "SUPPLE-
MENTAL TRUST INDENTURE" RELATING TO THE
BOARD'S $1, 325, 000 "UNIVERSITY OF KENTUCKY
HOUSING AND DINING HALL BONDS OF 1961. "
WHEREAS, it has been made to appear that the certain "Amendment
17
to Trust Indenture" dated May 1, 1961, authorized by a Resolution adopted by
the Board at its meeting of September 19, 1961, and relating to $1, 325, 000
"University of Kentucky Housing and Dining Hall Bonds of 1961" was incomplete,
and failed in certain respects to conformn to the terms and conditions of this
Board's "Revised Loan Agreement", identified by HHFA as its "Project No.
KY-15.-CH-36(DS) Rev"; and
WHEREAS, for the purpose of supplying the deficiencies and conform-
ing to the terms and provisions of said