xt7b8g8ffr86 https://exploreuk.uky.edu/dips/xt7b8g8ffr86/data/mets.xml Lexington, Kentucky University of Kentucky 19611212 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, 1961-12-dec12. text Minutes of the University of Kentucky Board of Trustees, 1961-12-dec12. 1961 2011 true xt7b8g8ffr86 section xt7b8g8ffr86 











     Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, December 12, 1961.


     The Board of Trustees of the University of Kentucky met in the President's
Office on the campus of the University at 10:05 a.m., CST, Tuesday, December
12, 1961, in regular meeting, with the following members present: Dr. Ralph
J. Angelucci, Dr. R. W. Bushart, Robert H. Hillenmeyer, J. Stephen Watkins,
Harper Gatton, Sam Ezelle, Dr. H. B. Murray, Clifford Smith, Dr. Paul B.
Hall, Floyd H. Wright and Dr. Aubrey J. Brown.  Absent: Governor Bert
Combs, W. F. Foster, Wendell Butler, Emerson Beauchamp, Smith D. Broad-
bent, Jr. and Dr. Thomas D. Clark. President Frank G. Dickey and Vice
President Frank D. Peterson, Secretarypf the Board, were also present. Mr.
Ed Fossett, Assistant to Governor Combs, sat with the Board as a representa-
tive of the Governor's Office.


     A. Meeting Opened.

     Dr. Angelucci, Vice Chairman, in the absence of Governor Bert Combs,
Chairman of the Board, opened the meeting and called upon the Reverend Donald
Leak, Director4the Y. M. C. A. and Coordinator of Religious Life on the
Campus of the University, to open the meeting with prayer,




     B. Financial Report.

     Mr. Peterson, Vice President, Business Administration, and Treasurer
of the University, made the financial report as follows:




 







             UNIVERSITY          OF KENTUCKY


                         LEXINGTON
                                                  December 6, 1961









Dr. Frank G. Dickey, President
University of Kentucky
Lexington
Kentucky

Dear Doctor Dickey:

     I am submitting herewith the Financial Report of the
University of Yenttucky for the five- months ended November 30, 1961.
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 $ 12,520,531.76 or 58.1% of the budget estimate of
$ 21, 541, 300. 93. The expenditures, including encumbrances
outstanding amount to $ 9, 405, 643. 34. This represents 43.7% of the
total Current General Fund Appropriations of $ 21, 542, 738. 14.

                       Respectfully submitted,



                       Frank D. Peterson
                       Vice President
                       Business Administration




 






a



University of Kentucky
   Balance Sheet
 November 30, 1961

    ASSETS



I. Current Funds:
   A. General
           Cash in Bank
           Available Balance, State Appropriation
           Cash on Deposit, State Treasurer
           Inventories
           Deferred Charges
           Accounts Receivable
           Unrealized Income



                  Total General

B. Restricted
        Cash in Bank
        Petty Cash Advances
        Investments



Total Restricted



Total Current Funds



II. Loan Funds:
            Cash in Bank
            Notes Receivable
            Investments
            Due from Federal Government



Total Loan Funds



III. Endowment Funds:
            Cash in Bank
            Investments



$   674,273.51
  3,595,721.44
  1,223,577.72
    422,167.74
      7,666.20
      3,890. 73
  9, 020, 769. 17



$ 14,948.066.51



$   776, 918. 99
     19,601.58
  2,835,631.48



$ 3, 632, 152. 05



$ 18, 580, 218.56



$    70,729.07
    472,068.62
    26, 500. 00
        143.11



$  5-X69, 440. 80



$    21, 477. 93
    271, 394. 66



Total Endowment Funds



j__ 292, 872. 59




 





b



         University of Kentucky
           Balance Sheet
         November 30, 1961

LIABILITIES AND FUND BALANCES



I. Current Funds:
   A. General
           Reserve for Departmnental Requisitions
           Reserve for Iinventories
           Reserve for Auxiliary Enterprises
           Other Liabilities
           Appropriation Balances
           Unappropriated Surplus:
           Division of Colleges            $
           Medical Center
           Agricultural Experiment Station
           University Hospital



$ 1,833,752.43
    422, 167. 74
    87,048.64
      7, 666. 20
 12, 137, 094. 80



185, 258. 19
68, 078. 10
187, 257. 98
19. 742.43



460. 336. 70



                  Total General

B. Restricted
       Outstanding Check Liability
       Restricted Fund Balance



Total Restricted



$ 14, 948, 066. 51



$    16,212.42
  3,615,939,63



Total Current Funds



II. Loan Funds:
            Principal Balances-
            Natioral Defense Educ. Act, 1958-
               Federal Government
               University
             Accum. linterest Lncome-NDEA



           Total Nat'l Defense Educ
           Act: Principal
University Student Loans
Expendable Balances



Total Loan Funds



III. Endowment Funds:
            Principal Balances
            Expendable Balances



3, 632,152.05



$ 18, 580, 218.56



$   447,037.01
     49, 670. 77
        165. 37



$   496, 873. 15
     45, 329. 23 $  542,202.38
                    27, 238. 42



$   569,440.80



$   284, 331.55
      8, 541 04



Total Endowment Funds



$ - -292, 72. 59




 





C



University of Kentucky
   Balance Sheet
   November 30, 1961

      ASSETS



IV. Plant Funds:
   A. Unexpended Plant Funds
           Available Balance, State
             Appropriation
           Investments
           Accrued Interest

               Total Unexpended Plant Funds

   B. Retirement of Indebtedness Funds
           Cash in Bank
           Cash on Deposit, State Treasurer
           Cash on Deposit, Trustee
           Investments
           Unrealized Income



$ 5, 985, 650.78
   7, 813, 849. 85
      25, 091. 44





$     19, 260.50
     482, 303.39
     185, 405.29
     911, 862.48
     92, 906. 15



13, 824, 592.07



           Total Retirement of Indebtedness
             Fundls

C. Invested in Plant
       Land                             $   3, 873, 788. 79
       Buildings                           53, 946, 492. 00
       Equipment                           14, 330, 465.22
       Construction in Progress            26, 059, 261. 06



Total Invested in Plant



1,691,737.81



98, 210, 007. 07



Total Plant Funds



$ 113, 726, 336. 95



V. Agency Funds:
           Investments                                      $    95. 967.19



Total Agency Funds



-   5, 9 5967. 19




 







d



       University of Kentucky
          Balance Sheet
        November 30, 1961

LIABILITIES AND FUND BALANCES



IV. Plant Funds:
   A. Unexpended Plant Funds
           Accounts Payable
           Reserve for Plant Requisitions
           Plant Appropriation Balance



           Total Unexpended Plant Funds

B. Retirement of Indebtedness Funds
       Fund Balance



$    175, 598. 24
  10, 016, 297. 23
  3,632,696.60



              $ 13, 824,592. 07


$  1,691,737.81



           Total Retirement of Indebtedness
             Funds

C. Invested in Plant
       Bonds Payable                    $ 20,590,500.00
       Due to Other Governmental Units    1, 675,099.73
       Net Investment in Plant            75, 944, 407.34



1, 691, 737. 81



               Total Invested in Plant

               Total Plant Funds

V. Agency Funds:
           Accounts Payable
           Agency Fund Balances



  98, 210,007. 07





$      7,096.46
      88, 870. 73



$ 113,726, 336.95






$     95, 96 '. 19



Total Agency Funds




 







          University of Kentucky
    Statement of Unrealized Income
 For the Current Fiscal Period Which Began
July 1, 1961 and Ended November 30, 1961



GENERAL FUND
Estimated       Realized



  I. Educational and General:
         A. Student Fees
                Incidental Fees and Tuition
                Training School Fees
                Adult and Extension Education F

                    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
               Hospital

                   Total Sales and Services of
                     Educational Departments

 II. Service Enterprises:
         Post Office

III. Gifts and Grants
         Kentucky Research Foundation



Total General Fund Income



   $1,407,200.00
       33,300.00
ees  173, 800. 00



$ 833, 118.59
    14, 760. 00
    52, 708. 60



$ 574, 081. 41
    18, 540. O0
    121, 091. 40



$1,614,300.00  $ 900,587.19  $ 713,712.81

$8; 722, Alp.. 00  A,8  . nu  n  -q, "I",  C,,-U t

3,507,000.00   1,993,000.00   1,514,000.00
   803,860.00      778,660.00        25,2.09 00
 1, 249,900.00  1, 133, 500. 00  116, 400. 00
 1, 444,200.00   732, 600.00    711, 600.00

$15,728,659.00  $9, 457, 760. 00  $6, 270,899.00


$ 239,567.93   $ 185,885.20   $  53,682.73
   973.293.00      559,397.00       413,896.00
 2, 132, 781.00  1,066,391.00  1, 066, 390. 00

 $3, 345,641.93  $1,811, 673. 20  $1, 533, 968. 73

 $  38,675.00  $  22,633.20   $  16,041. 80




 $  32,000.00    $    9,794.77    $   22,205.23
   700,000.00      289,066.75       410,933.25
   49,800.00                        49,800.00


$ 781,800.00   $ 298,861.52   $ 482,938.48


$    5,500.00   $    2,291.65    $    3:20S.35


$   26,725.00   $   26,725.00   $

$M, 541,300. 93  $2, 520, 531. 76  $9, 020, 769.17



e



INC OME
Unrealized




 







         University of Kentucky
Statement of Departmental Appropriatior.s
For the Current Fiscal Period Which Began
July 1, 1961 and Ended November 30, 1961



1. Educational and General:
  A. General Administrative
       Offices

  B. General Expense
        Student Services
        Staff Welfare
        General Institutional Services

          Total General Expense

  C. Instructional ( Including
        Departmental Research)
        College of-
        Agr. & Home Ec.
        Arts and Sciences
        Commerce
        Dentistry
        Education
        Engineering
        Law
        Medicine
        Nursing
        Pharmacy
        Graduate School
        Univ. Ext., Programs

          Total Instructional ( Including
          Departmental Research)

  D. Activities Relating to
       Educational Departments

  E. Organized Research
       University Research
       Agr. Exp. Station

          Total Organized Research

  F. Extension and Public Services
       Univ. Ext. and Public Services
       Agr. Ext. Service

          Total Extension and Public
          Services



                               Encumbrances
 Appropriation  Expenditures  Outstanding  Unet.cumbei ed

 $  384,222.58 $    72,482,00 $    7,251.22$  304 489.36


 $  475, 384. 31 $  173, 934. 26 $  5, 194. 33$  296, 255. 72
   222, 450. 00    63, 245.29                  159, 204, ?1
   570,864.20    407, 989. 81    38, 524. 06  124, 350. 33

$ 1, 268, 698. 51 $  645, i69. 36 $  43,71t. 39$  579,s 10. 76





$  510, 496. 98 $  194, 133. 45 $  6, 604, 65$  309, ;5th. 8 S
2,734,495.43   1,044,192.40     43,322,53 1, 4  90o. 50
   336, 960. 72   135, 732. 23       958o' 77  200, 2`69. 7.}
   94,083.40      37,592.75         29G.o08    5e, 194,. 5-:'
   622, 508. 78   242, 321. 22   13, 036. 30  t,5 11. lo
   721,468.07     277,76& 25       7, 301.71   43tn% 39z 11.
   162,166.63      63,215.50       7, 813. 35   91, 13J' C' *
 1, 581, 230. 71  597, 532. 46   38, 7I6S. 42  940. 929. ;^3
   122,7B6,.77     45,040.16       1,523.8 64';*3
   130,540.84      39, 382.52      5. 360. 17       9 98 Is
   29, 290. 24    11,197. 20        427.10     1, 665. 9-4
   696,369.23     271,238.92      19,202,73 _u 5 9    o 5;


$ 7, 742, 377. 80 $ 2, 959, 347-06 $  144, 615. 69$ 4. 63o, 415. C!5e


$   66,952.00 $    25,140.92 $     7,800.00$     34 011.08


$  249, 380. 86 $  92,794.82 $    31, 930M, Q$  124, 65. 14
2, 920,043.00  1,049,563..34   140, 511. 36 1 : 29 96. 30

$ 3, 169, 423. 86 $ 1, 142, 358. 16 $  172, 442. 26$ 1, 54, 623. 44


$ 1, 087, 466. 41 $  33, 134. 84 $  810, 024.94$  244, 306, 63
3, 576, 981.00  1 406, 724. 49  9, 882. 772. 160, 37. 74


$4,664,447.41 $1,439,859.33 $    819, 907. 7 1 2, 404, 6on 3:"




 






g



         University of Kentucky
Statement of Departmental Appropriations
For the Current Fiscal Period Which Began
July 1, 1961 and Ended November 30, 1961



    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

VII. Debt Service-Bonds
       Retired

VIII. Debt Service-Reserve


         Total Departmental
           Appropriations



                                Encumbrances
  Appropriation  Expenditures  Outstanding  Unencumbered

$   647,208. 60 $.  274,485.45$  33. 427. 35 $  339, 295.80


$ 2, 131, 126.00 $  674,548.881$  298, 196. 15 $ 1, 158, 381,04


$ 20, 074,456. 76 $ 7, 233, 391.09 $ 1,527, 358.77 $ 11, 313, 706. 90


$    40,323.42$     14,343.28$      4,396.03$     21,534. 11
     75,704. 88    25, Q97_.47  14, 184.31    36, 423. 10

$   116, 028. 30 $  39,440. 75 $  18,580. 34 $  58,007.21

$   763, 800.57 $  79,503.59 $   5. 235. 07 $  679, 061.91

$    13,300.00$      3,240.00$               $    10,060.00
                              1
$    90,000.00 $  ( 68, 299.57)$  148, 071. 78 $  10,2 7.79

$   111,811.89$     45,734.95$         45.95$     66,030.99


$   244,000. 00 $  244,000.00 $          $

$   129, 340. 62 $ 129, 340. 62 $       $




$ 21, 542,738. 14$ 7, 706, 351.43 $ 1, 699, 291. 91 $ 12, 137. 094. 80



1 Negative Figure




 






..



                University of Kentucky
      Statement of Plant Fund Appropriations
         For the Current Fiscal Period
Beginning July 1, 1961 and Ending November 30, 1961



I. Unexpended Plant Fund



Appropriatiore, Expenditures  Encumbrances Unencumbered
                              Outstanding



Construction of Buildings



Consol. Educ. Bldg. Bond
  Proceeds-Chemistry and
  Plhysics Building                 $   362, 193. 55 $
Haggin Hall                             80, 590. 25
Northern Extension Center                8, 058. 93
Northwest Extension Center                 571. 59
Southeast Extension Center               7, 835.35
Women's Dorm. Arch. Service             (1, 807. 88)
Consol. Educai.ion Bldg. Bond
Proceeds-M. King Library            1,957,204.49
Addition to Student Union Bldg.         26,912.60
Alpha Gamma Rho Fraternity House         9,620.38
Sigma Chi Fraternity House               8, 112.25
Commerce Building                       27,479. 80
Spindletop Ind. Res. Center-Site Develop-
ment                                       150.00
Spindletop Ind. Res. Center-Administra-
tion Building                          24,441. 88
Elizabethtown Extension Center          10,000. 00
U. of Ky. College of Engineering        50,000. 00
Addition to College of Education         42,000. 00
Addition to College of Iaw               30,000. 00
Med. Sch. Plans and Specifications     56,655.50
Medical Science Building                 28,750. 56
Medical Center Heating
and Cooling Plant Project                  251. 99
Medical Center Hospital Outpatient Clinic 225, 269. 32
Medical Center Landscaping               59,900.00
Medical School Dental Wing               31,520. 00
Medical Center Laundry and Maintenance
Building                                33,580. 00
Seed Building Offices and Service Bldg.  125,000. 00
Agricultural Research Center            129, 000. 00
Feltner 4-H Camp                         19,600. 00
Tobacco Barn-Campbellsville               ( 866.34)
Weed Research Greenhouse                    449.71
Cereal Plastic Greenhlouse                  500. 00
Swine Farrowing and Testing Station     17,800. 00
Horticultural Shed                        4,500. 00
Plant Climatological Building                55.58



   14. 69
2, 094. 77

5,512. 10
6, 965. 09



$    2,500.00 $  359,693.55
                    80, 575. 56
        195. 00    5, 769. 16
                       571. 59
                     2, 323. 25
                     ( 8, 772. 9,



183,554.30  1,545,894.70

  1,555.73
  6,945.23



3, 880. 49





21,983.38



7,501.. 00

50, 000. 00
42, 000. 00
30, 000. 00
4, 589. 04
18,455.33



227,755.49
25, 912.60
  8,064.65
  1, 167. 02
  27,479.80

    150. '00

 13,060.39
 10, 000. 00




 30, 083. 08,-,
 10 z9, . 3



                  251. 99
62, 489. 75  162770..Vt
               59g 90o. 00
               31, 520. 0



   999. 00

49, 958. 50



2, 376. 00

31, 095. 50



163. 52
467.67



2,310.95



30, 205. 00
125, 000. 60
47,946. 00
19,600. 00
(11 029. 3t6)
I   1. 9 ','
    500. 00
 1t, 800. 00
 2, 189.05
     55. 58




 






i



              University of Kentucky
     Statement of Plant Fund Appropriations
          For the Current Fiscal Period
Beginning July 1, 1961 and Ending November 30, 1961



(Constr. of Bldg. Cont.)           A
Swine Service Center-Princeton    $
Bqef Service Facilities
Office and Service Building-Quicksand
Swine Farrowing Barn-Coldstream
Swine Testing Station
Ram Testing Barn-Coldstream
Headhouse-Greenhouse Agriculture
Research Center
Sheep Barn-Coldstream
Two Plastic Greenhouses-Poultry Farm
Agr. Research Center-4 Greenhouses
and Headhouse
Lath House Horticulture
Small Women's Residence

            Total Construction
            of Building

Rmovation and Improvement of
Buildings



ppropriations
   11, 000. 00
   12, 693. 00
   96,712.71
   14, 000. 00
      778.90
    2, 871. 37

  100, 000. 00
  42, 300. 00
    1, 339. 43

  320,368.00
    1, 000. 00
    8, 100. 00



               Encumbrances
Expenditures  Outstanding
.              $  



2,210.62
  188. 22
1, 172. 00



10, 813.00
  559.00
10,201.38



41, 780. 00



32. 10



16, 800. 00
   183. 42



Unencumbered
$    11, 000.00
      1,880. 00
      96,153. '1
      1,588. 00
        590. 68
      1,699.37

    100, 000. 00
        520. 00
      1, 307.. 33

    303,568.00
        816,58
      8, 100. 00



3,986,492.92 $  287,697. 41 $ 1, 879,744.07 $ 1,819,051. 44



U. of Kentucky Miscellaneous Repars $
Farm Service Center
Wallk-In-Cooler
Repairs to Coldstream
Horticultural Greerhouse
Remodel and Paint Dairy Heifer Barn
Coldstream Beef Barn
Paint Coldstream Buildings
Repair and Paint Dairy Houses
Renovation of Brooder House
Convert Sheep Building-Pesticide Bldg.
Install Commode Dairy Barn-Eden Shale
Renovation of Animal Pathology Bldg.
Repair and Remodel Bldgs. - Coldstream
Repairs Agr. Engr. Bldg.
Hood Replacement-lHome Economics
Agr. Engr. Building
Renovation of House-Quicksand
Repair Entomology Greenhouse and
  Insectory



20,049.00 $
8,544.05
( 137.78)
3, 181.89
   366. 85
 1,537.33
 7, 114. 60
    92. 00
 1,500.00
 (1, 876. 30)
 3,447. 88
 277.39
 ( 500. 00)
   512. 14
(5, 358. 76)
  865. 00
  200. 00
  1, 890. 08



8,543.50



738. 77
308.63
1,450.54



1,360.50



632.91
82.50



  400. 00
6,600.00
  275.00



1,434.96



1,397.99



$   20,049. 00
           . 55
      6 13'. 75).
      1, 082. f32
         58. 22
         86. 19
      7, 114, 60
         92. 00
      1, 500. 00
      1, 8 76. 30?
      2,814.97
        194. 89
      ( 900. 00)
      3, 087. 86!
      s5, 633. 76
        865. 00
        200. 00
      ( 942. 87).



405. 00



405. 00




 







              University of Kentucky
     Statement of Plant Fund Appropriations
          For the Current Fiscal Period
Beginning July 1, 1961 and Ending November 30, 1961



(Renmvation and Improvement
of Buildings Cont.)
Air Conditioner Installed in
Dairy Barn
Repair Small Animal House

            Total Renovation and
            Improvement of Bldgs.

Acquisition of Equipment

Northern Extension Center-Equip.
Northwest Extension Center-Equip.
Southeast Extension Center-Equip.
Med. Sch. Lib. Acq. and Supplies
Med. Center Hospital, Outpatient
Clinic Movable Equipment
Medical Science Bldg. -Equipment
Dental Science Bldg. -Equipment
Medical Science Bldg. -Act. of
Inventories
Air Conditioner Units
Hospital Equipment Accounts

            Total Acquisition of
            Equipment



Appropriations Expenditures


$    5,500.00 $



Encumbrances
Outstanding


$    4,458.05



Unencumbered


$    1,041.95



       184.84       541.24                        X 356.40)


$   47,795.21 $  13,733.05 $   14,491.54 $  19,57 0.62




$    8,110.46 $      610.00 $     2,881.25 $     4,619.21
     4,163. 91       322.23       2,318.75       1,522.93
     8,902.98        281.31                      8,621.67
     84, 639. 19  21, 711.09    10, 000.00   52,928. 10

 1, 187,986. 19   6, 412.43  617,528. 14   564,045.62
   418,587 37    11,660.01    222, 080.33  184, 847. 03
   723,471.77     12,122.34      68,151.74     643,197.69

   55,134.56         13 a75     12,701.25      42,302.56
     4,000.00                                    4, 0%. 00
   418,000.00                   311,374.51     106, 625. 49


$2,912, 996.43 $  53,250.16 $1,247,035.97 $1,612,710.30



Other Improvements



U. of Ky. Electrical Dist. System
U. of Ky. Steam and Return Line
Renovation
U. of Kentucky Razing of Water Tank
Boiler Renovation
Razing of Neville Hall
Miscell aneous Boiler Repairs-U. of Ky
Robinson Sub-Sta. Renovation of Heati
Sil-stem in Auditorium
Feltner 4-H Camp Sewage and Water
System
Water Lines--PRulftry Farm
Replace Water Line-W. Kentucky
Road-Soo  Farm
Water Line-Ccldstream



$   27,556. 15 $      53.50 $



2,500. 00
   891. 51
21,608.59
   700. 00
   829.32

10, 803. 08



17,991. 00
   69. 94
15,300. 00
4,820. 00
   199. 44



2, 153.37



1,240.93



35.00



7,031.27 $



3,630.35



20, 471.38

   346. 63
   891.51
16, 737 .31
   700. 00
   829. 32



10, 803.08



17, 991.00
    69. 94
15,300.00
4,78S5.00
   199. 44



J




 





k



               University of Kentucky
      Statement of Plant Fund Appropriations
            For the Current Fiscal Period
Beginning July 1, 1961 and Ending November 30, 1961



Roads-Poultry Farm,
Pumphouse and Distribution
System-South Farm
Repair Agronomy Road
Fencing-Agronomy Area
Install a Transformer-West Ky.
Repair Roads-Mercer Farm

            Total Other
            Improvements

Contingency Reserves

Medical School Clearing

           Total Unexpended
           Plant Funds

II. Retirement of Indebtedness
     Funds
   A. Debt Service
       1st PWA Issue
       2nd PWA Issue
       Dorm. Rev. Bond



Appropriations Expenditures
$      67.33 $



2,268. 84
   10. 00
1,201. 75
  650.00
2. 200. 00



Encumbrances
Outstanding   Unencuimibered
$             $       67.33



275.45
12.50



622. 00
2._ 144. 50



$ 109,666.95 $    3,770.75 $   13, 428. 12 $  92,468.08




$   88,896.16 $              $              $   88,896.16


$7, 145,847. 67 $ 358,451.37 $3, 154,699.70 $3,632, 696. 60



2, 268. 84
( 265. 45)
IL, 189. 25
   28. 00
   55.501  



$   36,689. 83
    18, 164. 48



$



8,575. 00



$



$   36, 689. 83
     9,589. 48



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-1952
Dormitory Rev. Bonds-1954
Dormitory Rev. Bonds-1956



2,512.50



21,843. 75



49, 950. 00
3,230.00
1,893.75
3,222. 10



12, 161. 78
96,380.09
16, 958. 65
4,098.65



24, 356. 25

62, 111. 78
99, 610. 09
18,852.40
7,320. 75

30,577.50

4, 986. 93
22,399.31
11,517. 85
11,706. 57
10, 908. 01
10,948.34
58,442.50
31, 780. 11
252, 815. 65



30,577.50



2,840. 00
3,426.25
1,713. 12
1,713. 12
1,713. 12
1,713. 14
16, 555. 00
9,851.25
42, 263. 60



2, 146.93
18,973.06
9, 804. 73
9,993.45
9, 194. 89
  9, 235. 20
  41, 887.50
  21, 928. 86
210,552.005




 






             University of Kentucky
      Statement of Plant Fund Appropriations
         For the Current Fiscal Period
Beginning July 1, 1961 and Ending November 30, 1961



(Retirement of Indebtedness
  Continued)
       Cooperstown Apartments
       Dorm. Rev. Bonds of
       1956-Six Sorority Dorms.
       Dorm. Rev. Bonds of
       1956-Students Dorms
       Reserve
       Dorm. Rev. Bonds of 1956-
       336 Clifton Avenue
       Dorm. Re-:-. Bond of 1956
       Holmes Hall
       Dorm. Rev. Bond of 1956-
       Shawneetown
       Dorm. Rev. Bond of 1957-
       468 Rose
       Dorm. Rev. Bond-342
       Clifton Avenue
       Housing Bond of 1958-
       Haggin Hall
       Conso]. Educ. Bldgs.
       Project
       Univ. of Ky. Housing
       Bonds

           Total Debt Service



Appropriation  Expenditures



$  50, 991. 50 $



31, 250.00



8, 200. 00

47,435.00

90, 151.25

7,834. 00

8, 372.55

79, 103. 75



Encumbrances
Outstanding



19,912.50 $



Unencumbered



$  31,079.00



31,250.00



5, 145.00



3, 055. 00



14,217.50



62,816.25



5,930. 00



3, 155. 00



25,495.74



493,308.38    151, 168. 85



33, 217.50



27, 335. 00



1, 904. 00



5,217.55



53,608.01



342, 139. 53



   20, 296.46                                  20, 296. 46


$1, 550, 131.24 $ 436,922.79 $              $1, 113,20845



B. Sinking Fund Reserves With
     Trustee
   Dorm Rev. Bonds of 1955
   Reserve Holmes Hall
   Dorm Rev. Bonds of 1956
   Shawneetown
   Dorm. Rev. Bonds of 1952--
   Re s.
   Doe- m Rely,- Bonds of 1954-Re
   Housing Bond 1958-Haggin Ha
   Consci. Educ. Bldg. Rev.


        Total Sinking Fund
        Reserve


        Total Retirement of
        Indebtedness Funds


        Total Plant Fund
        Appropriations



$  65, 572.96



172, 777.27



S.
11



$   65, 572. 96



172, 77*'. 2G



125,744. 15
68,318.11
23, 026.25
123. 090. 62



125, 744. 15
68,318.11
23, 026.25
123. 090. 62



$ 578,529.36          $                     $ 578,529.36



$2,128,660.60 $ 436,922.79 $                $1,691,737.81



-$9,274,508.27 $ 795, 374. 16 $3, 154,699.70 $5,324, 434 41



1




 






m



        University of Kentucky
Statement of Departmental Appropriations
For the Current Fiscal Period Which Began
July 1, 1961 and Ended November 30, 1961



Restricted Funds:



Balances
July 1, 1961



Receipts



Disburse-
ments



Balances
November 30, 1961



Fund Balances



$3,724, 161.59



$4, 558. 411.58



$4.666.633.54



$3.615,939.63



Loan Funds:



Principal:
   National Defense Education
   Act 1958
   Federal Government $ 326,732.25
   University             36, 303. 58
Accum. Interest Income-NDEA   26. 75
University Student Loan   58, 696. 42



Expendable



        Subtotal

Endowment Funds:  

  Principal
  Expendable

       Subtotal

Agency Fund:

  Balances

       Combined Totals



$ 120,304.76
    13,367. 19
       13&862
   (13,367.19)



$ 447,037.01
   49,670. 77
       165.37
   45,329.23



    27,055.53        409.78           226.89       27,238. 42

$ 448,814.53 $ 120,853. 16            226.89   $ 569,440.80




$ 236,500.27 $     47,831.28   $               $ 284,331.55
     9,237.87        259.25           956.08        8,541.04

$ 245,738. 14 $   48,090.53  $      956.08  $ 292,872.59




$ 162,485.10 $ 642,610.83       716,225.20  $   88,870.73

$4,581,199.36 $5,369.966. 10  $5,384,041.71  $4,567,123.75



1 Transfer of Funds




 





16



      Upon motion duly made, seconded and carried, the financial report was
received and ordered made of record.

     Mr. Peterson parenthetically advised the Board on the operations of the
Campus Book Store and certain phases concerning food services on the campus.
The information was received and members of the Board expressed pleasure
in knowing more about the auxiliary phases of operation.



     C. Fiscal Agent for Bond Issue Approved.

     Mr. Peterson reported that he was recommending the appointment of
Graham-Conway Company, bond brokers of Louisville, to serve as Fiscal
Agent in connection with the issuance and sale of $160, 000 revenue bond issue
for the purpose of constructing a resident house for Delta Gamma House
Sorority. He advised that the Fiscal Agent would pay all legal fees involved
in the preparation of the Resolution, notices, legal documents, etc. , prepare
maturity schedule, call provisions and special covenants, give special
consultation concerning attractive features of bond issues to secure the best
interest rate, prepare terms and conditions of sale in keeping with instructions
of the Board of Trustees, cause bonds to be prepared, printed and distributed,
and have an approving legal opinion delivered with the bonds. The fee is to
be 2% of the amount of issue. Mr. Peterson advised that he felt that this
was a fair cost for the work involved and recommended its acceptance.

     Upon motion duly made, seconded and carried, the contractual arrange-
ments were approved and the contract authorized executed.




     D. Bond Issue, Resolution and Sale Approved.

     Mr. Peterson explained that the University desired to recommend the
approval of a bond issue authorizing the issuance of $160, 000 to pay the cost
not otherwise provided for constructing a small dormitory building which might
be used for group student living on the campus of the University. He read the
following Resolution:




 





17



    A RESOLUTION OF THE BOARD OF TRUSTEES OF THE
    UNIVERSITY OF KENTUCKY PROVIDING FOR THE
    ISSUANCE, SALE, AND DELIVERY OF DORMITORY
    REVENUE BONDS TO PAY THE COST (NOT OTHERWISE
    PROVIDED) OF CONSTRUCTING A DORMITORY BUILD-
    ING AND APPURTENANCES UPON A SITE GENERALLY
    KNOWN AND DESIGNATED AS NO. 450 PENNSYLVANIA
    AVENUE, UPON THE CAMPUS OF THE UNIVERSITY,
    IN LEXINGTON, KENTUCKY.




    WHEREAS, the University of Kentucky and its students are not
now being provided with adequate buildings for educational purposes
and, in order to provide same, it is necessary that the University
construct a dormitory building with dining and other appurtenant
facilities, upon premises generally known and designated as No.
450 Pennsylvania Avenue, and being a part of the campus of the
University, in Lexington, Kentucky, and

    WHEREAS, it has been ascertained to the satisfaction of this
Board that said building and appurtenances can be constructed at
a total cost to this Board and the University not exceeding $160, 000. 00;
and

    WHEREAS, under the provisions of Sections 162. 340, et. seq.,
of the Kentucky Revised Statutes, the Board of Trustees of the
University of Kentucky, as a corporate body is authorized to issue
bonds, as hereinafter provided, for the purpose of financing the
construction of said building and appurtenances; and authorization
of the said project and financing has been given by the State Property
and Buildings Commission and by the Department of Finance, as
required by law;

    NOW, THEREFORE, THE BOARD OF TRUSTEES OF THE UNI-
VERSITY OF KENTUCKY, RESOLVES, AS FOLLOWS:

    Section 1. It is hereby determined that in order to provide
the University of Kentucky with additional and needed accommodations
for educational purposes, it is necessary and desirable that there
be constructed upon the premises generally known and designated as
No. 450 Pennsylvania Avenue, being a part of the campus of the
University, in Lexington, Kentucky, a building which is suitable for
use and occupancy for dormitory purposes, at a cost to the Universi-
ty not to exceed $160, 000.00. The saidbuilding and appurtenances are
collectively sometimes hereinafter referred to as the Project; and
are hereby declared to be a building for educational purposes, within




 





18



the meaning and applicat