Minutes of the meeting of the Executive Committee of the
Board of Tr-ustees of the University of Kentucky held Wednesday,
June 23, 1926.

     The Executive Committee of the Board of Trustees of the Uni-
versity of Kentucky reit in regular monthly meeting in President
McVey's office, Wednesday, June 23, 1926.  The following members
being present: P. C. Stoll, Chairman; H. M. Froman; Frank McKee;
Robert C. Gordon; McHenry Rhoads; President F. L. MoVey also
meeting with the Corpirittee.

    The minutes of the Board of Trustees of May 29, 1926, were
apr'roved as published and adopted as the action of the University
of Kentucky.  The minutes of the meeting of the Executive Com-
mittee of April 13, 1926 were approved.

     1. Report of the Business Agent. The report of the Business
Agent, presented by President McVey. was duly received and ordered
incorporated in the minutes.  The report was as follows:

                                                     EXHIBIT tube
              Statement of Income and Expenditures
                       Month of May, 1926.



                                Previously
General Fund Income               eported
  Federal Appropriation         42,750.00
  Vocational Education Board     9,572.78
  Special Agricultural Appro.   17,089.96
  State Tax                    593,468.95
  Interest on Endowment Bonds    8,644.50
  Interest on Liberty Bonds     1,700.00
  Chemistry Bldg. Fund (Bingham
     Tax Int. Cers.)             99,575.08
   Chemistry Bldg. Fund (Bingham
     Tax Int.)                    2,405.53
   Student Fees                  86,310.76
      tI     It - Vet. Bureau      189.20
             " - Summer School  24,510.11
               - University H. S. 3,765.00
               - University Exten25,395.87
   Miscellaneous                  8,867.83
   Rentals                        6,255.50
       Total                    930,501.07



Expenditures
   Instruction
   Administration Expense
   Additions and Betterments
        Total



470,700.60
157,282.43
85, 996. 89
713979 92



              Fiscal
 Current     Year
 Month       To Date
            42,750.00
            9,572.78
            17,089.96
35,262.79 628,731.74
             8.644. 50
             1,700.00



           99,575.08

           2,405.53
   189.20  86,499.96
              189.20
     1.00  24,511.11
     50.00   3,815.00
   817.10  26,212.97
   416,51   9,284.34
   88.43   6,343.93
~3@ 8a5.039677,326. 10


56,606.41 527,307.01
20,756.62 178,039.05
3,844.16    891841.05
81,207.19 795,187.11



216, 521.15  (44 382.16)172 138. 99
   _~~~~~~~~~~~~~~~~~~~~~~~~~~~~= L a   - .L.:  .,  .



Exoess of Income over Ex.