xt751c1tf82h https://exploreuk.uky.edu/dips/xt751c1tf82h/data/mets.xml Lexington, Kentucky University of Kentucky 19240713 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, 1924-07-may13-ec. text Minutes of the University of Kentucky Board of Trustees, 1924-07-may13-ec. 1924 2011 true xt751c1tf82h section xt751c1tf82h 









     Minutes of the regular monthly meeting of the Executive
Committee, University of Kentucky, for Tuesday, May 13, 1924.



     The Executiye Committee of the Board of Trustees, University
of IKentucky, met in regular monthly session, at 8 o'clock, p. m.,
Tuesday, May 13, 1924 , in the office of Judge Richard C. Stoll,
Lexington, Kentucky.    The following members were present:
Richard C. Stoll, H. M.. Froman, Rainey T. V;ells, Robert C. Gordon,
end MIcHenry Rhoads.  The following persons were also present:
Frank L. M7cVey, President of the University; D. H. Peak, Acting
Secretary; Thomas P. Cooper, Dean of the College of Agriculture;
and W. C. Wilson, Alumni Secretary.

     The minutes of the meeting of May 1, 1924, were approved as
published.

     1. Report of the Business Agent.    The report of the Bus-
iness Agent wvas presented, and ordered incorporated in the min-
utes.   The report was as follows:



Statement of Income and Expenditures
         Month of April, 1924



                               Previously
                               Re aor ted
General Fund Income
   Federal Appropriation        42,750.00
   Vocational Education Board   11,979.93
   General Education Board       2,950.00
   Special Agricultural
   Appropriation               15,783.91
   State lax                   360,393.75
   Interest on Endowment
     Bonds                       8,644.50
   Interest on Liberty Bonds       850.00
   Student Fees                 50,302.05
   Student Fees - Veterans
   Bureau                       6,444.64
   Student Fees- Summer School 13,968.80
   Student Fees- University
   High School                  3,198.75
   Student Fees- University Ex-
   tension                      8,390.45
   Miscellaneous Receipts        2,508.49
   Rentals                       3.064.00
      Totals                   531,229.27



LXHIBIT "B"

Fiscal



Current    Year
Month      To Date

            42,750.00
            11,979.93
  900.00    3,850.00

            15,783.91
6,682.35  367,076.10

             8,644.50
  850.00    1,700.00
    (8.79)  50,293.26

    26.72    6,471.36
            13,968.80

            3,198.75

   801.00    9,191,45
   229.07    2,737.56
   560.00    3,624.00
10,040.35  541,269.62



_




 







2.-



Expenditures
   Instruction               321 ,042.76
   Administratibn Expense    100,277.66
   Additions and Betterments   30,649.22
      Total                  451,969.64



Excess of Income over Ex-
penditures



79,259.63



Patterson Hall Income
   Board                       31,566.81
   il.Iiscellaneous Receipta        3.97
   Room Rent - Summer School    2,374.50
      Total                    33945.28



Expenditures
   Expense
   Additions and Betterments
      Total



25,790.18
   242.50
26,032.68



36,625.68 357,688.44
11,047.70  11,325.36
   675.92   31325.14
48,349.30  5C00 31.94-



(38,308.95)  40_9 O,68
          _ _ _ - 6



9,263.10   40,829.91
                3.97
            2;:374.50
9,263.10   43,208.38



3,913.98   29,704.16
              242.50
3.913.98   29. 96 66



Excess of Income over Ex-
penditures

General Fund Income
General Fund Expenditures



  7,912.60

565,174.55
478 002.32



5 ,349.12

19,303.45
52,263.28



13,261.72

584,478.00
530,265.60



Excess of General Fund In-
come over Expenditures

Excess of Receipts over Ex-
penditures for General
Ledger Accounts

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



87,172.23  (32,959.83)  54,212.40



12,896.79    4,277.08   17,173,87




100,069.02  (28,682.75)  71,386.27



Excess of Receipts over Expenditures for the
fiscal year to date - General Fund
Cash in Bank July 1, 1923 - General Fund
Cash in Bank April 30, 1924 - General Fund



Trust Fund Income
  Student Loan Fund
  Special Scholarships
  Civilian Rehabilitation
      Total Income
  Student Notes Paid
      Total Receipts



  71,386.27
(119,025.74)
-1 47.639.47)



1,173.22    1,366.38    2,539.60
1,387.00                1,387.00
   435.20  _435.20
2,995.42     1,366.38    4,361.80
4,639.00       620.00    5,259.00
7,634.42     1.986.38  




 






3.



Expenditures
   Expense
   Student Notes



1,708.01        60.00
6,769.50       0
8,477.51     2.145.00



Excess of Expenditures over
Receipts



Excess of Expenditures over Receipts for
fiscal year to date - Trust Fund
Cash in Bank July 1, 1923 - Trust Fund
Cash in Bank April 30, 1924 - Trust Fund



Experiment Station Income
   Hatch - Federal Appro-
   priation                   11,250.00
   Milk and Butter - Cash
   Receipts                   10,158.70
   Beef Cattle Sales            1,755.93
   Dairy Cattle Sales             202.00
   Sheep Sales                    871.51
   Swine Sales                  1,327.19
   Poultry Sales                2,462.25
   Farm Produce Sales           2,186.03
   Horticultural Sales            589.95
   Seed Test                      117.00
   Rentals                      3,573.61
   Miscellaneous                  344.75
   Fertilizer - Fees           21,716.25
   Public Service- State Appro. 7,500.00
   Public Service - Miscellaneous  28.97
   Feeding Stuffs - Fees       40,907.83
   Adams - Federal Appro---'
   priation                   11,250.00
   Serum - Sales                4,658.46
   Serum - Virus Sales            178.10
   Serum - Supply Sales            62.98
   Serum - Miscellaneous           39.75
   State Appropriation         32,931.76
   Creamery - License Fees      1,581.00
   Creamery - Testers' Licenses    690.00
   Creamery - Glassware Tested     356.44
   Ky. Jockey Club
      Total                   156.740.46



the



(1,001.71)
    67,34
 -) 37)



3,750.00



15,000.00



1,248.36   11,407.06
2,852.36    4,608.29
              202.00
   15.63      887.14
   87.40    1,414.59
   190.35    2,652.60
   3.00    2,189.03
   8.80      598.75
   6.00      123.00
   182.66    3,756.27
   5.20      349.95
9,906.25   31,622.50
            7,500.00
   87.75      116.72
4,628.90   45,536.73



3,750.00
  316.76
  16.50
     3.20
     6.25

   64.50.
   62.00
     8.64
 5, 000 .00
32, 200.51



15,000.00
4,975.22
    194.60
    66.18
    46*00
 32,931.76
 1,645.50
    752.00
    365.08
  5.000.00
188,940.97



Expenditures
   Expense
   Additions and Betterments
      Total
   Excess of Expenditures
   over Income



173,636.31
16,146.29
189.782.60



20,429.96
1,332.13
21, 762.09



(33.042,14)  10.438.42



194,066.27
17,478.42
211 544.69

(22.603.72)



1,768.01
8,854.50
10,622.51



(8-43-09)   (158.62) (1,001.71)




 





4'



Excess of Expenditures over Income for the
fiscal year to date - Experiment Station
Cash in Bank July 1, 1924- Experiment Station
Cash in Bank April 30, 1924- Experiment Station



(22,603.72)
45,243.79
22.640,07



Extension Division Income
  Federal Smith-Lever
  State Smith-Lever
  Federal Supplementary
  County and Other
      Total



152,241.30
61,670.93
45,100.93
  3,860.22
262 873.38



        152,241.30
        61,670.93
        45,100.93
708.93    4,569.15
708.93 263,582.31



Expenditures
  Expense



251,297.35   29,195.20  280,492.55



Excess of Expenditures over
Income                     11,576.03  (28,486.27) (16,910.24)



Previous year's Federal Smith-
Lever balance transferred
from surplus to current
year's income              (6



,141.04)              (6441.04)



EXCees of Expenditures over
Receipts                    5,434.99  (28.486.27) (23,051.28)



Excess of Expenditures over Receipts for the
fiscal year to date - Extension Division
Cash in Bank July 1, 1923 - Extension Division
Cash in Bank April 30, 1924 - Extension Division



(23,051.28)
10,787.01
(12.264.27)



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



565,174.55
  2,995.42
156,740.46
-262.873.38
987.783.81



Deneral Fund Expenditures 478,002.32
Trust Fund Expenditures      1,708.01
Experiment Station Expendi-
tures                     189,782.60
Extension Divsion Expendi-
tures                     251.297.35



   sotal

Excess of Income over EX-
penditures



920 790 .28



19,303.45 584,478.00
1,366.38    4,361.80
32,200.51 188,940.97
    708.93 263,582.31
53,579.27 1&041.363.08

52,263.28  530,265.60
     60.00    1,768.01

 21,762.09  211,544.69

 29,195.20  280,492.55
103,280.57 1.024.070.85



66,993.53  (49,701.30)  17,292.23




 








Excess of Receipts over
Expenditures for 3eneral
Ledger Account

Student Notes

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



11,394.A75



4,897.08   16,291.83



(6j769-50)  (2,085.00)  (8.854.50)



71, 618. 78  ( 46`,, 889 . 221:  4 729 .56



Excess of Receipts over Expenditures for the
fiscal year to date - Combined Fund
Cash in Bank and on hand July 1, 1923 - Combined
Fund
Cash in Bank and on hand April 30, 1924 - Combined
Fund



24,729.56

(61,427.60)

(36 698.04)



     Abstract of item as shown on Statement of Income and Ex-
penditures as "Excess of Receipts over Expenditures for General
Ledger Account $16,291.83."



Debit



Accounts Receivable
Store Room
Insurance Paid in Advance
Student Notes
Cafeteria
Miscellaneous
Notes Pyable
Returned Checks
Student Deposits
Memorial Building
Government Students
Student Activities
Basketball Building
Surplus - Federal Smith-Lever
Balance



    85.70
    40.16

    600.54
    683.47
17, 000.00
   126.80

   225.99


17,938.08

6,141.04
42,841.78



Cred it

47,535.13


5,259.00



1,293.85

    38.05
 5,007.58



 59,133.61



                                                       42,841.78
                                                       16,291.83

     2. Loan on Stadium. The matter of transfer of subscription
pledges and cash on hand by the treasurer of the Stadium Fund
was discussed and no action was taken by the Executive Committe,
pending further action and adjustment by the Executive Committae
of the Alumni Association.   The acceptance by the Business Agent




 





6.



of check for 10,00O. in.'part payment of amount due for advance
payment made by the University on the Basket Ball Building was
approved.

     3. The Memorial Build ing. On motion, duly seconded, the
following, resolutions regarding the ,Iemorial Building was passed
and ordered to record:

        At a meeting of the Executive Committee of the Board
   of Crustees of the University of Kentucky, held on the 13 th
   day of May, 1924, at the Administration Building of the Uni-
   versity, in Lexington, Kentucky, the following resolution
   was moved, seconded and adopted:

        WHEREAS, many Kentuckians gave their services and their
   lives in behalf of their country in the late war with Ger-
   many; and,

        iHERIEAS, it seems proper and fitting that some memorial
   should be erected to perpetuate the memory of their patriotism
   and sacrifices; and,

        WHEREAS, in 1919 it was proposed to the Executive Com-
   mittee and the Board of Trustees of the University of Ken-
   tucky that such a memorial should be erected;.and that the
   University of Kentucky should donate and dedicate a site
   upon the campus of the University for the location and erec-
   tion of a suitable memorial building, which could be used
   for student purposes; and,

        WHEREAS, a Committee was selected and authorized to
   raise subscriptions from different sources for the purpose
   of such memorial; end said Committee, relying upon the
   proposition of the University to donate a site for such
   structure, did employ certain persons, incur certain ob-
   ligations, and pay out considerable sums of money in con-
   nection with said enterprise, and as a result have secured
   subscriptions to a large amount, a considerable portion of
   which has been paid in cash to the Dommittee; and,

         HELREAS, it is now the desire to take further steps
   and action towards the erection of such memorial building
   and the securing of funds for that purpose,

        BE':I' NOWi RESOLVED), that the Executive Committee of
   the Board of Trustees of the University of Kentucky, ratify
   and confirm all that the said Committee and its assistants
   have heretofore done in regard to soliciting and collecting
   such subscriptions for said purposes, and ratify and confirm
   the acts done by the President of the University of Kentucky
   in reference to said matter.




 





7.



        BE IT FURTHER RESOLVED, That in order that the work of
   constructing said memorial should proceed, and that a proper
   and suitable location for the building should be selected,

        IT IS NOW ORDERED, That the University of Kentucky will
   and does hereby set aside and dedicate a plot of ground for
   said purpose, said plot of ground being located between the
   Basketball Building, at present fronting on Winslow Street,
   and the Armory Building, fronting on South Limestone Street,
   and near the north corner of the campus, the exact dimensions
   of such plot to be hereafter set out in detail, after the
   plans for said building shall have been prepared and com-
   pleted.

        BE IT FURTHER RESOLVED, THAT SAID BUILDING', thehi bb
   erected and completed, shall be used for a memorial to the
   honored dead of Kentucky, who gave their lives in the service
   of their country in the war with Germany and its allies; and
   shall be used for such purposes of the University and its
   students as shall not be inconsistent with a memorial build-
   ing; and shall be maintained in proper order and condition
   by the University from the time of its completion.

     4. Site for Western Sub-experiment Station. The selection
of a site for Western agricultural sub-experiment station, author -
.ized by act of the General Assembly of 1924, was discussed.
Dean Thomas Cooper was authorized to act in acceptance of land,
and it was suggested that the title be examined by John C. Gates.

     5. The Eastern Sub-experiment Station.    Dean Thomas P.
Cooper appeared before the Executive Committee and asked direction
and advice as to the disposition of the question arising on what
is known as the Quicksand lease in connection with the 0. E. Rob-
inson grant.   Dean Cooper was authorized to get deed and proceed
with adjustments as best possible along lines suggested to the
Committee.

     6. Resignations of Members of Home Economics Faculty. The
following resignations .iwere presented and on motion, duly seconded,
were accepted with expressions of regret by the members of the
Executive Committee:

     Resignation of Miss IMary E. Sweeney, Head of the Department
of Home Economics, in the University and Extension Division,
effective June 8, 1924.

     Resignation of Miss L. Meybelle Cornell, Professor in Home
Economics, effective June 8, 1924.

     Resignation of Miss Marietta Fichelberger, Professor in Home
Economics, effective June 8, 1924.




 






8.-



     7. Appointments. The following appointments were recommended
by 11resid7ent McVey and, on motion, duly seconded, approved by the
Committee:

     Appointment of L. C. Robinson as assistant professor in
Geology, at a salary of $2,000 a year, effective at the beginning
of the scholastic year 1924-1925. Mr. Robinson has the degree
of bachelor of science from the University of Chicago, and in
June of this year will receive the degree of master of science
from the same institution.

     Appointment of Clarence Hill Burrage as forester at the
Robinson Sub-experiment Station, at a salary of $2,200 a year,
effective July 1, 1924.   He holds the degree of bachelor of
science from the University of Georgia.

     Continuation of employment of Ethel Nice as home demonstration
agent, Garrard County, Kentucky, from May 1 to July 31, 1924, at
a salary of $141 2/3 a month.

     Continuation of employment of R. V. Trosper as county agent,
Breathitt County, Kentucky, from April 1, 1924 to March 31, 1925,
at a salary of $141 2/3 a month.

     Continuation of employment of J. A. Wesson as county agent,
-A3.de County, Kentucky, from Maly 1, 1924 to April 30, 1925, at a
salary of 0181 1/3 a month.

    8.Increase in Salary. Increase in salary of Sergeant Fred
Powelfto M00 a month, effective May 1, 1924, was approved by the
Executive Committee on recommendation of the President.

                                      Respectfully submitted,

                                         D. H. Peak



Acting Secretary