xt72jm23bt9r https://exploreuk.uky.edu/dips/xt72jm23bt9r/data/mets.xml Lexington, Kentucky University of Kentucky 19880119 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, 1988-01-jan19. text Minutes of the University of Kentucky Board of Trustees, 1988-01-jan19. 1988 2011 true xt72jm23bt9r section xt72jm23bt9r 







       Minutes of the Meeting of the Board of Trustees of the
University of Kentucky, Tuesday, January 19, 1988.


       The Board of Trustees of the University of Kentucky met at 1
p.m. Lexington time on Tuesday, January 19, 1988 in the Board Room on
the 18th floor of the Patterson Office Tower on the Lexington Campus.

       A.    Meeting Opened and Oath of Office Administered

       Mr. Robert T. McCowan, Chairman, called the meeting to order at
1:15 p.m., and the invocation was pronounced by Mr. Jerry Stricker.

       Mr. McCowan welcomed the new members of the Board of Trustees
and requested Mr. John C. Darsie, Legal Counsel, to administer the oath
of office to the following:

       Albert B. Chandler, appointed by Governor Wallace G. Wilkinson
to replace Robert E. Watson, for a term expirino June 30, 1991.

       Robert T. McCowan, reappointed by Governor Martha Layne Collins,
for a term expiring December 31, 1988.

       Robert F. Stephens, appointed by Governor Martha Layne Collins
to replace Terrell A. Lassetter, for a term expiring December 31, 1990.

       B.    Roll Call

       The following members of the Board of Trustees answered the call
of the roll:  Mr. Robert T. McCowan (Chairman), Mr. Ted B. Bates,
Professor Raymond F. Betts, Governor Albert B. Chandler, Mr. Albert G.
Clay, Professor Mary Sue Coleman, Professor David R. Driscoll, Jr.,
Mr. Lawrence E. Forgy, Jr., Mrs. Edythe Jones Hayes, Mr. Henry E.
Hershey, Dr. Nicholas J. Pisacano, Mr. Frank Ramsey, Jr., Mr. James L.
Rose, Judge Robert F. Stephens, Mr. Jerome A. Stricker, Ms. Cyndi
Weaver, and Mr. Billy B. Wilcoxson.  Absent from the meeting were Mr.
Tracy Farmer, Mr. George W. Griffin, Jr., Senator Walter D. Huddleston,
Mr. T. A. Lassetter, Judge Julia K. Tackett, and Mr. Bobby Watson.
The University administration was represented by President David P.
Roselle; Mr. Edward A. Carter, Vice President for Administration;
Chancellors Peter P. Bosomworth, Art Gallaher and Charles T.
Wethington; Mr. Eugene R. Williams, Acting Vice President for
Information Systems; Mr. John C. Darsie, Legal Counsel.

       Members of the news media were also in attendance.   Mrs. Hayes
reported a quorum present, and Mr. McCowan declared the meeting
officially open for the conduct of business at 1:22 p.m.




 





- 2 -



       C.    Minutes Approved

       On motion made by Mr. Bates, seconded by Dr. Pisacano and
passed, the Minutes of the December 8, 1987 meeting of the Board of
Trustees were approved as-written.

       D.    Committee Announcement

       Mr. McCowan announced that he would be reviewing the Board
committees for additions and changes.   He stated that the addition of a
new committee was being considered and encouraged the members to
contact him regarding their preference of committees.

       E. Resolution of Appreciation of Contributions of Harold Dean
Collins

       Mr. Bates recommended and so moved that a resolution be
prepared, made a part of the Minutes of the January 19, 1988 meeting,
and a copy be sent to Mrs. Harold Dean Collins in appreciation of the
contributions made by Mr. Harold Dean Collins to Lexington and the
Commonwealth. The motion was voted on and unanimously carried.

       Following is the resolution:

       WHEREAS, Harold Dean Collins was a renowned artist well known
       for his watercolors of the Bluegrass and was especially popular
       in Central Kentucky, and

       WHEREAS, he was also a widely acclaimed portrait artist who
       painted the official portraits of 10 Kentucky governors, 17
       college presidents, and a host of other state, local and federal
       officials, and

       WHEREAS, he also designed the state seal and flag of the
       Commonwealth of Kentucky, and

       WHEREAS, he made numerous contributions to the arts in Lexington
       through his service as president of the Lexington Art League and
       to the Commonwealth through his membership in the Southern and
       Kentucky Watercolor societies, Kentucky Heritage Arts, Paul
       Sawyer Art Club, and as State Art Director,

       NOW THEREFORE BE IT RESOLVED, that the Board of Trustees of the
       University of Kentucky notes with deep sorrow the death of
       Harold Dean Collins, orders that this resolution be made a part
       of the Minutes of the meeting of January 19, 1988, and requests
       that a copy of the resolution be sent to Mrs. Collins.




 




- 3 -



       F.    President's Report to the Trustees (PR 1)

       In reviewing his "Report to the Trustees", President Roselle
called attention to (1) John (Jack) Guthrie elected as President of the
UK National Alumni Association, (2) a special speakers bureau formed to
generate speaking opportunities to describe the status, goals, and
needs of the University, (3) a conference held on recruitment and
retention of minority students in teacher education, and (4) a $3,000
gift given to the University by the Kentucky Post and the First
Amendment Congress to establish the First Amendment Center in the
School of Journalism.

       President Roselle stated that consideration was being given to
having one or more Board meetings away from Lexington. He indicated
that Northern Kentucky and Elizabethtown had been mentioned frequently,
and Northern Kentucky seemed appropriate because of the region's
population and their bicentennial celebration.

       He also reported that the University had received a very good
result on a bone marrow settlement with Humana Hospital at the
University of Louisville and complimented the leadership of the Board
members and members of the University's administration, especially the
University Hospital.

       He then acknowledged the accurate and well written article by
Mr. Dick Wilson of the Courier Journal regarding television spots
produced by MER & Associates and sponsored by friends of the University.

       G. University's Budgetary Situation

       President Roselle called attention to the University's budgetary
situation and gave a brief overview. He reported that the Governor was
dealing with a $53.7M shortfall in the current fiscal year and the
University will respond to this shortfall in two ways: (1) the Collins
administration requested that the University hold in reserve one
percent of the University's budget which is $2.6M to protect against a
shortfall and (2) Governor Wilkinson has issued a call for other
economies in the operation of state agencies. He stated that the
University has the one percent reserve and will respond to the call for
economies in several different ways. He asked Mr. Carter to explain
the University's procedures.

       Mr. Carter reiterated that the University is holding the one
percent reserve.  He reported that the Secretary of Finance had been
instructed by the Governor to institute a number of savings policies to
assist in dealing with the $54M shortfall. The University has
implemented all of those policies dealing with capital construction
projects, personal service contracts, equipment purchases, current
expense expenditures and travel expenditures by (1) putting a freeze on
all capital projects that have not started, (2) beginning a close
review of all personal service contracts that come forward as well as a
close review of all budgetary changes throughout the institution (3)
freezing equipment purchases, and (4) beginning a strict review of
travel requests, approving only those of critical need to the




 





- 4



institution. He stated that these procedures will allow the University
to provide some operating contingencies not only dealing with the
University's share but also in terms of contingencies for 1988-89.  He
pointed out that the impact of the $53.7M shortfall on the University
will not actually be known until January 27.
      H. Personnel Actions (PR 2)

      In recommending approval of the appointments and staff changes
in PR 2, President Roselle recognized the appointment of Dr. Walter
Randolph Chitwood as professor in the Department of Surgery. Dr.
Bosomworth reviewed Dr. Chitwood's credentials and experience and
indicated his pleasure in recommending the appointment. On motion made
by Mr. Wilcoxson, seconded by Mr. Stricker and carried, the
appointments and staff changes were approved. (See PR 2 at the end of
the Minutes.)

       I. Appointments/Reappointments to University of Kentucky Equine
Research Foundation (PR 5A)

      With President Roselle so recommending, on motion made by Mr.
Bates, seconded by Mrs. Hayes and carried, approval was given to the
appointment of Sheik Mana Bin Rashid Al Maktoum and the reappointments
of Helen Alexander, Brownell Combs II, Edward S. Ford, A. B. Hancock,
Jr., James M. Hill IV and Virginia Kraft Payson as members to the Board
of Directors of the University of Kentucky Equine Research Foundation
for four-year terms beginning December 14, 1987. (See PR SA at the end
of the Minutes.)

       J.  Patent Assignment - Medical Center (PR 6A)

       With President Roselle so recommending, Mr. Ramsey moved that
the routine patent assignment in PR 6A be accepted. His motion was
seconded by Mr. Hershey and passed unanimously. (See PR 6A at the end
of the Minutes.)

       K. Acceptance of Interim Financial Report for the University of
Kentucky for the Five Months Ended November 30, 1987 (FCR 1)

       Mr. Forgy, Chairman of the Finance Committee, gave a brief
overview of FCR 1. He pointed out that the University is within its
revenue estimate and is on target. He then recommended and moved that
the interim financial report be accepted. His motion was seconded by
Mr. Clay, and carried. (See FCR 1 at the end of the Minutes.)

       L. Designation of Depository Bank (FCR 2)

       With the concurrence of the Finance Committee, Mr. Forgy
recommended that the Board designate First State Bank of Pineville,
Middlesboro, Kentucky, to serve as a depository bank for the University
of Kentucky and/or its affiliated corporations. The motion was
seconded by Mr. Clay and carried. (See FCR 2 at the end of the
Minutes.)




 




- 5



       M. Establishment of the Engineering Scholarship Quasi-Endowment
(FCR 3)

       Mr. Forgy recommended and so moved that the Board establish in
the College of Engineering the Engineering Scholarship Ouasi-Endownent
at the sum of $500,000 which shall be funded from multiple gifts to the
College specifically for scholarships, or from gifts designated for
general use by the College which this resolution authorizes the dean to
quasi-endow as funds are received. Mr. Forgy's motion was seconded by
Professor Betts and unanimously carried.  (See FCR 3 at the end of the
Minutes.)

       N. Mr. Stricker's Comments

       Mr. Stricker suggested that the Board consider changing the time
and day of the Board meetings. Mr. McCowan asked President Roselle to
have his staff prepare a ballot to explore the alternatives with the
members and expressed hope in reporting the consensus of the group at
the next meeting.

       0. Meeting Adjourned

       There being no further business to come before the Board, the
Chairman adjourned the meeting at 1:47 p.m.

                                       Respectfully submitted,



                                       Edythe Jones Hayes
                                       Secretary
                                       Board of Trustees

(PR's 2, SA, and 6A; FCR's 1, 2, and 3 which follow are official parts
of the Minutes of the meeting.)



3468




 










                                                Office of the President
                                                January 19, 1988








Members, Board of Trustees:


                          PERSONNEL ACTIONS

Recommendation: (1) that approval be given to the attached
appointments, actions and/or other staff changes which require Board
action; and (2) that the report relative to appointments and/or
changes already approved by the administration be accepted.

Background: The attached recommended appointments and/or other staff
changes require approval by the Board of Trustees in accordance with
Part VIII-B of the Governing Regulations of the University. These
recommendations are transmitted to the Board by the appropriate
chancellor through the President and have his concurrence.

Under the Governing Regulations, the authority to make certain
appointments and/or other staff changes is delegated to the President
or other administrators who are required to report their actions to
the Board. This report follows the recommendations requiring Board
approval.










Action taken:  Approved           Disapproved           Other

Date:   January 19   , 1988

0197




 










                        CENTRAL ADMINISTRATION



I.  BOARD ACTION


    A.   RETIREMENT

         Office of the Vice President for University Relations

         Crowdus, Paul T., Administrative Staff Officer III, Office
         of the Vice President for University Relations, after 26.5
         years of consecutive service, under II.B of AR II-1.6-1,
         effective February 29, 1988.



-1-




 










COMMUNITY COLLEGE SYSTEM



I.  BOARD ACTION

    A.   ADMINISTRATIVE APPOINTMENTS

               Southeast Community College

               Wilson, Odell, Assistant Professor. in the Community
                    College System, appointed Dean for Academic
                    Affairs, effective 1/1/88.

     B.   EARLY RETIREMENTS

               Hopkinsville Community College

               Ricks, Russell J., Building & Grounds Supervisor, after
                    20 consecutive years of service, [under AR II-1.6-1
                    Section II.A.1(b)], effective 2/1/88.

II. ADMINISTRATIVE ACTION

     A.   ACADEMIC APPOINTMENTS

               Jefferson Community College

               Butsch, Richard A., Instructor in the Community College
                    System, 1/1/88 through 6/30/88.
               Cullens, Laura, Instructor in the Community College
                    System (voluntary), 10/1/87 through 6/30/88.

               Lexington Community College

               Kubley, Kelly K., Instructor in the Community College
                    System (voluntary), 12/1/87 through 6/30/88.

               Madisonville Community College

               Gray, Gary E., Instructor in the Community College
                    System, 12/1/87 through 6/30/88.

     B.   REAPPOINTMENTS

               Jefferson Community College

               Beckham, Judith E., Instructor in the Community College
                     System, 1/1/88 through 6/30/88.
               Drake, Paul, Instructor in the Community College
                     System, 1/1/88 through 6/30/88.
                Freeman, Patricia, Instructor in the Community College
                     System, 1/1/88 through 6/30/88.



-2-




 









Lexington Community College



          Beihn, Robert, Instructor in the Community College
               System (voluntary), 1/1/88 through 6/30/88.
          Brandenburg, Sara S., Instructor in the Community
               College System (voluntary), 12/1/87 through
               6/30/88.
          Collins, Judith A., Instructor in the Community College
               System (voluntary), 1/1/88 through 6/30/88.
          Magoun, Sylvia, Instructor in the Community College
               System (voluntary), 12/1/87 through 6/30/88.
          Stipp, Vickie, Instructor in the Community College
               System (voluntary), 12/1/87 through 6/30/88.
          Wierzbinski, Becky, Instructor in the Community College
               System (voluntary), 12/1/87 through 6/30/88.

C.   LEAVES OF ABSENCE

          Southeast Community College

          Noe, Roger, Professor in the Community College System
               (with tenure), leave of absence without pay,
               1/5/88 through 4/15/88.



-3-




 






LEXINGTON CAMPUS



I. BOARD ACTION

   A. ACADEMIC APPOINTMENTS

            Graduate School

            Rodgers, Robert C., Associate Professor (with tenure), Martin
               School, effective 8/16/87.

    B. ADMINISTRATIVE APPOINTMENTS

            College of Communications

            Dick, David B., Associate Professor (with tenure)*, Journalism,
               and Acting Director, Journalism, appointed Director,
               Journalism, 1/1/88 through 12/31/91.

    C. REAPPOINTMENTS

            Graduate School

            Rodgers, George, Adjunct Associate Professor, Toxicology, 7/1/87
               through 6/30/91.

    D.  RFTIREMENTS

            College of Agriculture

            Kennedy, LaFern, County Extension Clerk, Cooperative Extension
               Service, after 27 consecutive years of service, under Section
               II.B of AR II-1.6-1, effective 1/8/88.

            Vice Chancellor for Administration

            Austin, James A., Disabled Faculty, Employee Benefits and Risk
               Management, after 13 consecutive years of service, under
               Section II.E of AR II-1.6-1, effective 2/29/88.
            Lacey, Leonard P., Disabled Staff, Employee Benefits and Risk
               Management, after 27.5 consecutive years of service, under
               Section II.B of AR II-1.6-1, effective 1/21/88.

    E.  EARLY RETIREMENTS

            Vice Chancellor for Administration

            Coffey, Katherine A., Custodial Worker IV, Undergraduate Housing,
               Auxiliary Services, after 23 consecutive years of service,
               under Section II.A.l(b) of AR II-1.6-1, effective 2/1/88.



-4-



*Special Title Series




 






           Mobley, Marie, Staff Assistant II, Stores, after 32.5 consecutive
              years of service, under Section II.A.2(b) of AR II-1.6-1,
              effective 4/15/88.

II. ADMINISTRATIVE ACTION

   A. ACADEMIC APPOINTMENTS

           College of Agriculture

           Arnold, Mark C., Instructor (part-time), Horticulture and Landscape
              Architecture, 1/1/88 through 4/30/88.

            College of Arts and Sciences

            Deo, Shripad D., Instructor (part-time), Sociology, 1/1/88 through
               5/31/88.
           Mulay, Shashikant B., Visiting Assistant Professor, Mathematics,
               1/1/88 through 5/31/88.
            Thigpen, John F., Instructor (part-time), Sociology, 1/1/88
               through 5/31/88.

            College of Business and Economics

            Baldwin, William I., Assistant Professor (part-time), Fconomics,
               1/1/88 through 4/30/88.

            College of Communications

            Hawpe, David P., Instructor (part-time), Journalism, e/15/87
               through 12/31/87.

            College of Home Economics

            Ott, Linda G., Assistant Professor (voluntary), Nutrition and
               Food Science, 8/1/87 through 6/30/89.
            Vivian, Beverly S., Assistant Professor (voluntary), Nutrition
               and Food Science, 8/1/87 through 6/30/89.

            College of Social Work

            Brown, Gretchen M., Assistant Professor (voluntary), 1/1/88 through
               12/30/90.
            Clendenin, Marie T., Assistant Professor (voluntary), 1/1/88
               through 12/30/90.
            Harrison, Victor B., Jr., Assistant Professor (voluntary), 1/1/88
               through 12/30/90.
            Walker, Robert, Assistant Professor (voluntary), 1/1/88 through
               12/30/90.



-5-



*Special Title Series




 






B. ADMINISTRATIVE APPOINTMENTS



       College of Arts and Sciences

       Bera, Ranajit R., appointed Isotope Production Scientist, Physics
          and Astronomy, effective 8/17/87.

       College of Engineering

       Broderson, A. B., appointed Acting Director, Continuing Education,
          effective 9/1/87.

       Graduate School

       Peters, Leonard K., Professor (with tenure), Chemical Engineering,
          College of Engineering, and Associate Dean for Research,
          Graduate School, appointed Acting Director, Tobacco and Health
          Research Institute, effective 12/1/87.

       College of Library and Information Science

       Willis, Paul A., Professor (with tenure), Law, Librarian I
           (without tenure), Libraries, and Director, Libraries, appointed
           Acting Dean, College of Library and Information Science,
           effective 1/1/88.

       Vice Chancellor for Administration

       Davis, Bradley R., Acting Sports Information Director, Athletics,
           appointed Sports Information Director, Athletics, effective
           11/1/87.

C.  JOINT APPOINTMENTS

        College of Agriculture

        Wooduard, Jerold G., Assistant Professor, Microbiology and
           Immunology, College of Medicine, joint appointment as Assistant
           Professor, Veterinary Science, 7/1/87 through 6/30/88.

D. REAPPOINTMENTS

        College of Arts and Sciences

        Mullinax, Maureen C., Instructor (part-time), Sociology, 1/1/88
           through 5/31/88.
        Seabrook, Charles C., Instructor (part-time), Spanish and Italian,
           1/l/88 through 5/31/88.



-6-



*Special Title Series




 







       College of Business and Economics

       Saidibaghgandomi, Gholamreza, Assistant Professor (part-time),
           Economics, 1/1/88 through 4/30/88.

        College of Education

        Banks, Ivan, Assistant Professor, Curriculum and Instruction,
           7/1/88 through 6/30/90.
        Zollman, Alan, Assistant Professor, Curriculum and Instruction,
           7/1/88 through 6/30/90.

        College of Home Economics

        Wright, Jannelle, Instructor (part-time), Administration, 1/1/88
           through 5/31/88.

E.  TERMINAL REAPPOINTMENTS

        College of Arts and Sciences

        Dunston, Aingred G., Assistant Professor, History, 7/1/88 through
           6/30/89.

F. LE4VES OF ABSFNCE

        College of Arts and Sciences

        Gadbois, George, Associate Professor (with tenure), Political
           Science, Sabbatical leave with half salary, Spring Semester
           1988 and Fall Semester 1.988.

        College of Business and Economics

        Laumas, G. S., Professor (with tenure), Economics, Sabbatical leave
           with full salary, Fall Semester 1988.

        College of Education

        Cole, Henry P., Professor (with tenure), Educational and Counseling
           Psychology, Sabbatical leave with half salary, Fall Semester
           1988 and Spring Semester 1989.
        Page, Judith L., Associate Professor (with tenure), Special
           Education, Sabbatical leave with full salary, Spring Semester
           1988.

        College of Social Work

        Sullivan, Nathan R., Associate Professor (with tenure)*, Sabbatical
           leave with half salary, Fall Semester 1988 and Spring Semester
           1989.



-7-



*Special Title Series




 








MEDICAL CENTER



I.  BOARD ACTION

    A. ACADEMIC APPOINTMENTS

             College of Dentistry

             Hicks, E. Preston, Associate Professor* (without tenure),
                  Orthodontics, 7/15/87 through 6/30/88.

             College of Medicine

             Chitwood, W. Randolph, Professor (with tenure), Surgery,
                   effective 2/1/88.
             Hollins, Jack L., Assistant Professor*, Ophthalmology,
                   12/1/87 through 6/30/88.
             King, Joseph G., Assistant Professor, Diagnostic Radiology,
                   1/1/88 through 6/30/88.
             Knox, Craig A., Assistant Professor, Neurology, 1/1/88
                   through 6/30/88.
              Lightfoot, Robert W., Professor (without tenure), Medicine,
                   11/1/87 through 6/30/88.

    B. ADMINISTRATIVE APPOINTMENTS

              College of Allied Health Professions

              Bogia, B. Preston, Assistant Professor* (without tenure),
                   Clinical Pastoral Counseling, named Acting
                   Chairman, Clinical Pastoral Counseling, effective
                   1/1/88 through 6/30/88.

              College of Medicine

              Golden, Abner, Professor (with tenure), Pathology, joint
                   appointment as Professor (without tenure), College of
                   Allied Health Professions, Medical Technology,
                   reappointed Chairman, Pathology, effective l/1/88
                   through 7/1/88.

              College of Pharmacy

              Cohen, Jordan L., Professor (with tenure), Pharmaceutics,
                   effective 1/1/88.



-8-



*Special Title Series




 







    C. RETIREMENTS

             Support Units

             McTyre, Edwin M., Custodial Supervisor I, Physical Plant
                  after 20 consecutive years of service, under
                  AR II-1.6-1 Section II.B, effective 3/5/88.

II. ADMINISTRATIVE ACTION

    A. CHANGES

             College of Medicine

             Cook, Anne G., from Assistant Professor, Emergency
                  Medicine, to Assistant Professor (Clinical Title
                  Series), Medicine, 9/1/87 through 6/30/88.
             Jackson, James L., from Assistant Professor, (part-time),
                  Medicine, to Assistant Professor (Clinical Title
                  Series), (full-time), Medicine, 7/1/87 through
                  6/30/88.
             Sloss, Robert R., from Assistant Professor*, Pathology, to
                  Assistant Professor (Clinical Title Series), Pathology,
                  12/1/87 through 6/30/88.

    B. LEAVES OF ABSENCE

             College of Medicine

             Audenaert, Steve M., Assistant Professor (without tenure),
                  Anesthesiology, leave without pay, 12/1/87 through
                  1/13/88.

             College of Pharmacy

             Crooks, Peter A., Associate Professor (with tenure),
                  sabbatical leave at half-salary, 9/1/88 through
                  8/31/89.



-9-



*Special Title Series




 





                                                     Office of the President
                                                     January 19, 1988




                                      PR5A8
Members, Board of Trustees:

                APPOINTMENTS/REAPPOINTMENTS TO UNIVERSITY OF
                    KENTUCKY EQUINE RESEARCH FOUNDATION

Recommendation:  that approval be given to the appointment/reappointment of
the following as members, representing the equine industry, to the Board of
Directors of the University of Kentucky Equine Research Foundation for four
year terms beginning December 14, 1987.
                                Appointment
Sheik Mana Bin Rashid Al Maktoum
                               Reappointments
Miss Helen Alexander
Mr. Brownell Combs II
The Honorable Edward S. Ford
Mrs. A. B. Hancock, Jr.
Dr. James M. Hill IV
Mrs. Virginia Kraft Payson

Background: The Chancellor of the Lexington Campus recommended these
appointments to the President, who in turn recommends them to the Board of
Trustees. These recommended appointments require approval by the Board of
Trustees in accordance with the Articles of Incorporation for the University
of Kentucky Equine Research Foundation approved by the Board of Trustees at
its meeting on October 16, 1984.








Action taken: Approved        Disapproved        Other
Date: January 19, 1988




 









Office of the President
January 19, 1988



FRev



Members, Board of Trustees:

                         PATENT ASSIGNMENT
                           MEDICAL CENTER
Recommendation: that authorization be given to the proper officials
of the University of Kentucky Board of Trustees to execute an
assignment on behalf of the Board of Trustees to the University of
Kentucky Research Foundation of the following Letters Patent of the
United States and the invention represented thereby: Dr. Steven S.
Kraman, Serial No. 858,694, filed May 2, 1986.



Background: Dr. Steven S. Kraman has invented certain improvements
SIMPLE CAPSULE PNEUMOGRAPH. He has assigned his rights to the
invention to the University of Kentucky. In accord with usual
practice, it is recommended that the University assign the patent t
the University of Kentucky Research Foundation.



0



Action taken: Approved



Disapproved



Date:  January 19   , 1988



3413



Other



i n



11




 





                                       Office of the President
                                       January 19, 1988






                               FCR i
Members, Board of Trustees:
        ACCEPTANCE OF INTERIM FINANCIAL REPORT FOR THE
        UNIVERSITY OF KENTUCKY FOR THE FIVE MONTHS ENDED
                       November 30, 1987

Recommendation: that the Board of Trustees accept the
University of Kentucky consolidated financial report for the
five months ended November 30, 1987.
Background: The consolidated financial report includes the
financial activities of the University of Kentucky and its
affiliated corporations, consisting of the University of
Kentucky Research Foundation, The Fund for Advancement of
Education and Research in the University of Kentucky Medical
Center, University of Kentucky Athletic Association, Univer-
sity of Kentucky Mining Engineering Foundation, Inc.,
University of Kentucky Business Partnership Foundation, Inc.,
University of Kentucky Humanities Research Foundation, Inc.,
University of Kentucky Equine Research Foundation, Inc.,
and Health Care Collection Service, Inc.
As of November 30, 1987, the University had realized income of
$276,483,000 representing 51% of the 1987-88 estimate of
$544,106,000. Expenditures and commitments total
$215,410,000 or 40% of the approved budget of $544,106,000.









Action taken:  Approved  .      Disapproved         Other



Date: January 19, 1988




 









CONSOLIDATED BALANCE SHET
UNIVERSITY OF KENTUCN" AND AFFILIATED CORPORATIONS
NOME[BER 30, 1987
(in thousands)



(A)        (B.)         (C)        (D)        i!)



  Current
Unrestricted
   Funds



Current
Restr; ctec
  Funds
  _ _  __



     ASSETS
(1)     Cash and cash equivalents
(2)    DLe to(from) interfund
       Notes, loans, and A/R
          (less bad debt allowances of
(3)      54,579)
(4)    Investments
(5)    Pronerty, plant, and equipment
(6)    Inventories and other



S 78,124   S 14,856
  15,734    (22,384)



  25,779      2,367
  l1, 296    40,155



$ 2,3 29  S   (25.) $126747
                         6, 652



13,744



50, 926



               728
49, 77      66,92-2
           et1 , 667



$ _. 2 11





.- . I IIc
  I ~. rZ t.  
  . : L _ .,



  _141,859  $  3----- _-__,_ -_1---26 _ _  ___ __  _  - - - -
$14;, 857  S   Y;., ::?  $S, C'73  $4 9 205. "  E   1,706  ;. 5 ,C3r
            == ==_ = ===== = == = = = === = = = = = = = == = _ ====. ==  ===  



     LIABILITIES AND FUND BALANCES
     Liabilities
i8)    Accounts Payable                    S
(9)    Em.ployee withholdings and deposits
(:O)   Other liabilities
(11)   Liability for self insLv-anle
(12)   Deferred income
(13)   Bonds payable
(14)    Capitalized lease obligation
       Net deferred revenues and
(15)      appropriated fund balances

(16)        Total Liabilities

      Fund Balances
        Current Unrestricted
(17)     Working capital
(i8)     Funded Hospital depreciation
(19)     Other
(20)   Current Restricted
(21)   Loan
(2:)   True Endowments
(23)    Term Endowments
(24)   Quasi Endowments
        Plant
(25)      Retirement of Indebtedness
(26)     Renewal and Replacement
(27)      Allocated for designated Projects
(28)     Net investment in plant

(29)         Total Fund Balances

             Total Liabilities and
(30)           Fund Balances



12, 353  $    a39
            I , 125



S   134



                . .


25t4 l2_IZ   
                 34. 2 2
2! Q  61I- 1 Q  -'' i  ',L'
     36.,S7    I, -;.



65,82_7      I.247 47

90,742      12,89,        134                 M I,8 25?     41, 31:




32,5 8 I                                                          .
:3,3                                                            .



                      $15,93q

                                     653