Minutes of the Meeting of the Executive Committee of the
Board of Trustees of the University of Kentucky, M1arch 13, 1935.


     The Executlve Committee of the Board of Trustees of the Uni-
versity of Kentucky met in President MIoVey's office at the Uni-
versity March 13, 1955, at 10:30 a.m.   The members of the Corm-
mittee present were Judge R. C. Stoll, Chairman; Miller Holland
and James Park;   President Frank L. 1.1cVey and Secretary D. H.
Peak were also present.


     1. Minutes Approved.

     The Minutes of the meeting of the Executive Committee of Feb-
ruary 12, 1935, were approved as published.


     2. Quarterly Meeting of Board of Trustees April 16.

     President 1M.'.cVey stated that the date of the regular quarterly
meeting of the Board of Trustees is Tuedday, April 2, 1935, and
that it now appears that in order to give more time for completion
of the 1935-1936 budget and for other reasons, it. is desirable to
postpone the meeting t a later date.   The Executive Committee
having considered the facts, on motion duly carried, authorized
continuance of the regular quarterly meeting of the Board of Trus-
tees from 10:30 a.m. April 2, 1935, to 10:30 a.m. Tuesday, April
16, 1935.   The ME1inutes of that meeting are to show the usual
formality as to continuance.

     3. Financial Report.   The financial report for February was
filed and ordered to be recorded in the M11inutes.  It reads as
follows:


                                                 EXHIBIT "Bu


            Statement of Income and Expenditures
                   Month of' February 1935

                                                         Fiscal
                            Previously     Current      Year
                            Reported      Month        To Date

General Fund Income
  Federal Appropriation     28,500.00      7,125.00   35,625,00
  Interest on Endow.Bonds    6,487.50      2,157,00    8,644.50
  Interest on LibLoan Bonds    850.00                    850,00
  Vocational Education Board)0,140.37      1,979.86   12,120.23
  State Appro.-Back Salaries7l,100,00                 71.100,00
  State Appro.-Repairs to
     Buildings               1,854.56      1,758.68    3,613.24