Finance Committee Report
September 18, 1973



FCPR



21



Members, Board of Trustees:

         ACCEPTANCE OF SUMMARY AUDIT REPORT
       FOR THE UNIVERSITY OF KENTUCKY FOR 1972-73

Recommendation: that the Board of Trustees accept the summary
audit report of the financial records of the University of Kentucky
for the fiscal year 1972-73, consisting of the Accountant's Report
from Coopers and Lybrand, a Balance Sheet, Statement of Current
Funds Revenues, Expenditures and Transfers, a Statement of
Changes in Fund Balances, and Notes to the Financial Statements.

Background: The Finance Committee of the University of Kentucky
has reviewed the audit report submitted by the firm of Coopers and
Lybrand in conjunction with the administration of the University of
Kentucky. A comprehensive annual financial report, together with
the management letter will be submitted at a later date.









(Note: The report submitted from the firm Coopers and Lybrand
        is not included as a part of the Minutes but is in the
        official files of the Board of Trustees. )



Action: Approved      X      Disapproved

Date:    September 18, 1973



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