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