xt7jws8hfb37 https://exploreuk.uky.edu/dips/xt7jws8hfb37/data/mets.xml Lexington, Kentucky University of Kentucky 19550111 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, 1955-01-jan11. text Minutes of the University of Kentucky Board of Trustees, 1955-01-jan11. 1955 2011 true xt7jws8hfb37 section xt7jws8hfb37 


Irregularities




 











       Minutes of the Meeting of the Board of Trustees of the University of
Kentucky, January 11, 1955.


       The Board of Trustees of the University of Kentucky met in the Presi-
dent, s Office at 10:15 a. m. , CST, pursuant to adjournment of the meeting of
the Board of Trustees, December 14, 1954.  The following members were
present: Guy A. Huguelet, Vice Chairman; Dr. Ralph J. Angelucci, Carl
Dempewolfe, Ben S. Adams, M. W. Moore, Harper Gatton, R. P. Hobson
and J. Stephen Watkins. Absent: Governor Lawrence W. Wetherby, Chair-
man; Mrs. Paul G. Blazer, Paul M. Basham, Wendell P. Butler, Smith
D. Broadbent and Thomas A. Ballantine.  President H. L. Donovan and
Secretary Frank D. Peterson were also present.


       A. J. Stephen Watkins New Member.

       Mr. J. Stephen Watkins, appointed to succeed Herndon J. Evans as
a member of the Board of Trustees, was present and qualified by taking the
oath of office. He was welcomed as a new member of the Board of Trustees.
His term of office will expire December 31, 1957.



       B. Approval of Minutes.

       On motipn duly made, seconded and carried, the minutes of the Board
of Trustees of September 21, 1954, and the minutes of the Executive Commit-
tee of November 23, 1954, were approved as published.



      C. Report of the Comptroller.

      The Comptroller submitted financial statement, consisting of a balance
sheet of University funds, together with statements covering its fund transac-
tions for the period of six months ended December 31, 1954. A summary of
the funds revealed that the University' s income from general fund sources
for this period amounted to $6,191,607.52, or 73. 11% of the budget estimate
of $8,468,952.95.  The plant fund income received totaled $96,483. 86, which
is 56. 72%6 of the budget estimate. The expenditures, including the encump
brances outstanding for general fund purposes, totaled $4, 058,598. 33, which
is 46. 99% of the departmental appropriations approved in the amount of
$8,636,420. 77. Plant fund expenditures and encumbrances amounted to
$188, 750. 16, or 33. 66% of the $560, 771.44 budget estimate.




 






University of Kentucky
   BALANCE SHEET
As of December 31, 1954

       ASSE TS



Current Funds:
General
Cash in Bank
Petty Cash Fund
State Allotments
  Current Year
  Prior Year
Revolving Funds
Inventories
Deferred Chgs.
Unreal. Income

   Total General

Res tricted:
Cash in Bank
Petty Cash Advs.
Inve stments

   Total Restricted
   Total Current


Plant Funds:
Unexpe-nded:
Cash in Ba*
Revolv. Funds
Due from Other
  Govt. Units
Unreal. Income

   Total Unexpended

Investment in Plant:
Construction Author.
Fixed Assets

   Total -Inve s ted
   Total -Plant

Other Funds:
C;-ash inank
Notes Receiv.
Inve stments

    Total Other Funds
    Total Assets



Division
of



Agricultural
Experiment



Agricultural
Extension



  Collegs           S tation        Division          Total



  $    31,598.33   $  110,111.68   $ 185,579. 47 $   327,289.48
     40, 000. 00      10,000. 00                      50,000. 00

   1,166,011.07      232,280.99       192,763.29   1,591,055.35
                       2,599.00                        2,599.00
   1,007,867.88      436,166.80                     1,444,034.68
     265,817.41                                       265,817.41
     52, 666.20                                       52,666.20
   1,064,422.09      464,578.57       748,344.77   2,277,345.43

$ 3,628,382.98    $1,255,737. 04  $ 1, 126,687. 53 $ 6,010,807.55


$   914,185.54   $  138,383. 25  $  106,421. 79 $ 1,158,990.58
      4,270.00           800. 00        2,800. 00       7,870.00
      797,527.27       15,000. 00       14,948. 00     827,475.27

$  1,715,982.81   $  154,183.25  $   .124,1.O9.79  $ 1,994,335.85
$ 5,344,365.79     1,409,920. 29   1,250,857.3Z   8, 005, 143.40




$     23,013.34   $               $               $    23,013.34
     845,237.45       99,892.29                       945,129.74
     275,000. 00                                      Z75,000. 00

     73,623.02                                        73,623.02

$  1,216,873. 81  $   99,892.29   $               $ 1,316,766.10


$  1,577,080.19   $               $               $ 1,577,080.19
  30,273,614. 87   3,049,290. 31                   33,322,905.18

$ 31,850,695.06   $3,049,290.31   $               $34, 899,985.37
3 33, 067, 568.87$3, 149 ,182.60$               $36, 216,751.47

      Loan           Endowment          A enc
$     -8,88. 41   $ $  4423F      $         456$       67,7Z7.13
      19,840.49                                        19,840.49
      75,500.00      200,714.48         15,000.00     291,214.48

$    104,198.90      205,137.64    $    69,445.56 $   378,782.10
                                                  $44, 600,676.97




 






2



University of Kentucky
  BALANCE SHEET
As of Decemker 31, 1954

     LIABILITIES



Agricultural
Experiment
Station



Agricultural
Extension
Division



Current Funds:
General:
  Petty Cash Liab.
  Res. for Encumb.:
  Current Year
  Prior Year
  Res. for Inventories
  Other Liabilities
  Unapprop. Surplus
  Approp. Bals.

  Total General

  Res tric ted:
  Otstanding Checks
  Restr. Bals.

  Total Restr.
  Total Current

Plant Funds:
Unexpended:
R8. for Mncumnbr.
  Current Year
  Prior Year
  Approp. Bals

  Total Unexpended

Investment in Plant:
Due to Other Govt.
   Units
Bonds Payable
Net Invested

    Total Invest.
    Total Plant

Other Funds:
  Bal. as to Prin.
  Bal. as to Income

    Total Other Funds



Total Liabilities



$   40,000. 00



330, 158. 24
52,560. 42
265,817.41
52,666. 20
278,516.47



$   10,000. 00



$



47,130. 14
4,291. 74



351,844.49



$    50,000. 00

    377,288.38
    56,852. 16
    265,817.41
    52,666. Z0
    630,360.96



  2,608 ,664. 24     842,470.67   1,126,687.53    4,577,822.44.

  $3, 628,382. 98   $1,255,737.04  $1, 126, 687. 53 $ 6,010,807.55


  $   6,432.52      $               $             $      6,432.52
  1,709,550. Z9       154,183.25     1 24,169.79    1,987,903.33

  $1,715,982.81     $  154,183.25  $  124,169.79 $  1,994,335.85
  $5, 344, 365.79   $1,409,920.29  $1,250,857.32 $ 8,005,143.40




  $                 $   38,313.93   $             $     38,313.93
    894,930.89         11,500.00                      906,430.89
    321,942.92         50,078.36                      372,021.28

 $1,216,873.81     $   99,892.29   $             $  1,316,766.10



 $  275,000.00      $               $             $     Z75,000.00
 3,935,000.00                                      3,935,000.00
 27,640,695.06      3,049,290.31                   30,689,985.37

$31,850,695.06     $3,049,290.31   $             $ 34,899,985.37
$33,067,568. 87    $3,149,182.60   $             $ 36,216,751.47

     Loan             Endowment        Agenc
$    TS7;6. 01     $  2 01,6T1 C4  $             $     274,9.72.65
    30,842.89          3,521.00       69,445.56      103,809.45

$   104,198.90     $ 205,137.64    $   69,445.56 $    378,-782. 10

                                                 $ 44,600,676.97



Division
of
Colleges



Total



=  




 








        University of Kentucky
STATEMENT OF UNREALIZED INCOME
For the Current Fiscal Period which began
July 1, 1954 and ended December 31, 1954


            General Fund



Budget
Estimate



Realized
to Date



Unrealized
Balance



Division of Colleges:
    Eauctioa;inYeneral:
    State Appropriations
    Federal Grants (through the State)
    Student Fees
    Endowment Income
    Sales and Services and Rentals

      Subtotal



  Auxiliary Enterprises


       Total-Colleges


Agricultural Experiment Station:
  state Appropriations '
  Federal Grants (direct)
  Sales and Services

      Total-Experiment Station


Agricultural Extension Division:
  State Appropriations
  Federal Grants (direct)

      Total-Agricultural Extension


      Total General


Plant Fund:
  Debt Service Income

  Total -Plant


  Combined Total



$3,485,850.00  $3,000,000. 00 $ 485,850.00
   131,465.60      84,965.60     46,500.00
   808,000.00     456,953.20     351,046.80
     9,644.50       9,200.00         444.50
     25,000.00       7,841.02      17,158.98

$4,459,960.10  $3,558,959.82 $ 901, 000.28
                   79. 80%6


$ 367,538.00   $ 204,116, 19 $  163,4Z1.81
                   55. 5476

$4,827,498. 10  $3,763,076.01 $1,064,422.09
                   77.95 %


$ 580,300.00   $ 554,300.00 $    2 6,000. 00
   524,115.30     300,407.65     223 ,707.6S
   450,000.00      235,129.08    2l4,870.9e

$1,554,415.30  $1,089,836.73 $  464,578.57
                    70. 11%


$ 681,050.00   $ 635,700.00 $    45,350.00
1,405,989. 55    702,994.78    702,994.77

$2,087,039.55  $1, 338, 694. 78 $ 748, 344. 77
                    64. W4o

$8,468,952.95  $6,191,607.52 $ 2,277,345. 43
                    73. 1 1%/


$  170,106.88  $   96,483.86 $   73,623.02
                    56. 72%o
$  170,106.88  $   96,483.86 $   73,623.02
                    56. 7 Z76

$8,639, 059. 83  $6, 288,091.38 $2,350,968. 45
                    72. 79l--




 








UNIVERSITY OF KENTUCKY



STATEMENT OF DEPARTMENTAL APPROPRIATIONS
     For the Current Fiscal Period which began
     July 1, 1954, and ended December 31, 1954



Dept.
Approp.



Expendi-
tures



Encum-
brances



DIVISION OF COLLEGES
  ADM. & GENERAL:
  Gen. Adm. Offices
  Student Services
  Staff Welfare
  Gen. Inst. Serv.

      SUBTOTAL


INSTR. & RESEARCH
COLLEGE OF -------
   Agr. & Home Ec.
   Arts & Sciences
   Commerce
   Education
   Engineering
   Law
   Pharmacy
   Grad. School
   Org. Act. Rel. Edu.
   Research
   Libraries
   Adult & Ext. Edu.

      SUBTOTAL


OTHER EXPENSES:
   Op. & Maint. Plant
   Auxiliary Ent.
   Working Capital
   Clearing Accts.

      SUBTOTAL


TOTAL -COLLEGES



$  90,301. 00
   196, 753. 01
   65,000. 00



$  46,239.42
   98,928. 36
   20, 290. 62



$  1,260.50
   1,120.73



$  42,801. 08
   96,703, 92
   44,709.38



   98,579. 22      31, 801. 60   7, 690.59       59,087. 03

$ 450,633.23    $  197,260.00  $ 10,071.82   $  243,301.41
                           46. 0176



$  266,000.35   $  115,774.91  $  1,628.58   $   148,596. 86
1,418,841.01     683,875. 84     9,371.50      725,593.67
   190,396.00      92,511.82        156.77       97,727.41
   325,205.83      148,118.66     7,067.98       170,019.19
   362,129.56      167,974.37     3,547.41       190,607.78
   84,973.00       38,100.36     1,200. 00      45,672.64
   81,427.91       35,141.50       770. 12      45,516.29
   11,575.00       5,989.39         43.98        5,541.63
   26,541,00       13,577. 11      287.01        12,676.88
   20,000.00       4,074.36        254.00        15,671.64
   253,584.65      125,531. 73    1,669.39       126,383.53
   147,853.89      73,310. 19     1,361.71       73,181.99

$3,188,528. 20  $1,503,980. 24  $ 27,358.45   $1,657,189.51
                          48. 0376


$ 990.795.00    $  368,450.08  $196,030.59    $ 426,314.33
   340,144.64      134,384.92    39,961.33       165,798.39
   75,000.00      100,624.50*   55,858.05       119,766.45
                     2,827.85       878.00        3,705.85*

$1,405,939.64   $ 405,038.35   $292,727.97    $  708,173.32
                          49. 637Jo

$5,045,101.07   $2,106,278.59  $330,158.24    $2,608,664. 24
                          48. 2971



*Negative number.



Approp.
Balance




 








             University of Kentucky
SUMMARY OF DEPARTMENTAL APPROPRIATIONS
    For the Current Fiscal Period which began
    July 1, 1954 and ended December 31, 1954

                 General Fund



Dept.
Approp.



Expendi -
ture a



Enc um -
brances



Agr. Exp. Station

Adminis tration
Agr. Economics
Agron omy
Animal Husbandry
Animal Pathology
Bryant Farm
Creamery License
Dairy
Ent, & Botany
Farm Maintenance
Feed & Fertilizer
Home Economics
Horticulture
Library
Poultry
Public Serv. Lab.
Publications
Robinson Forestry
Robinson Substation
Rural Sociology
W. Ky. Substation

   Total



$ 155,928.85
  178, 295. 00
  29.5., 166. 6 S
  107,926. 00
  59, 574. 00
  5, 000. 00
  9, 291.00
  83, 749. 00
  104, 330. 00
  39, 008. 00
  150, 000. 00
  41,520. 00
  42,425. 00
  9,460. 00
  47, 996. 00
  8, 864. 02
  23, 289. 00
  8, 000. 00
  22,400. 00
  38,400. 00
  73, 662. 00



$ 50,171.65
  75, 3 78. 20
  112,870, 34
  56, 016. 27
  26,322. 64



4,531. 02
41.087. 30
44, 588. 67
22,942. 83
59,899.41
9, 770. 71
18,473. 09
5, 213. 28
17,638. 16
1,528.98
9,686. 79
1, 651. 59
7, 573. 75
17, 189. 92
32,144. 74



$ 6,490.79    $ 99,266.41
               102,916. 80
  8,427. 97   173, 863.97
  3, 047. 25   48,862. 48
                33, 251. 36
                5,000. 00
                4,759.98
   1,Z69.98     41,391. 72
   952.91     58,788.4Z
   5,978. 69    10, 086.48
   14, 273. 63   75, 826. 96
     151.74     31,597.55
     181.20     Z3, 770. 71
     6. 20     4, 240.52
  3, 004. 65   27, 353. 19
                 7, 33 5. 04
     21.30     13,580.91
     465.24      5,883.17
     903.21     13,923.04
     56.00     21,154.08
   1,899.38     39,617.88



$1,504,280.15   $614,679.34   $ 47,130. 14  $842,470.67
                             44. 0 0fio



Free
Balance




 






6



             University of Kentucky
SUMMARY OF DEPARTMENTAL APPROPRIATIONS
   For the Current Fiscal Period which began
   July 1, 1954 and ended December 31, 1954

                 General Fund



Dept.
Approp.



Expendi -
tures



Encum -
brances



Free
Balance



Agricultural Extension:

Administration
Adm. Reserve
Agr. Engineering
Agronomy
Animal Husbandry
Clothing
County Agents
Dairy
Farm & Home Conv.
Farm and Home Dev.
Foods
Forestry
Home Dem. Agents
Home Management
Horticulture
Junior Clubs
Markets
Poultry
Public Information
Rural Sociology

   Total



$  45,547.00
    5,000.00
    31,770. 00
    62, 837.50
    30,900.00
    13,200.00
  863,892.00
  36, 467. 00
    1,500. 00
  145,085.05
  12, 000.00
  11, 736.00
  547,580.00
  30,500.00
  21,671. 00
  89,706.00
  38,514.00
  31,900.00
  61,034.00
    6,200.00



$ 19,202. 89



13,657. 05
30,159. 42
14,945. 73
6,352. 19
423,735. 53
15,618.97
     15. 25
 35,499. 63
 5,760. 07
 5,819.93
 265,529.82
 11,816. 48
 10,696. 18
 45,613. 34
 14,438.57
 11,059. 46
 27,192.83
 3,238. 68



$



$  26,344.11
    5,000. 00
    18, 112.95
    32,678. 08
    15,954.27
    6,847. 81
  440, 156. 47
  20,848. 03
     1,484. 75
   109,585.42
   6,239.93
   5,916. 07
   282, 050. 18
   18,683.52
   10,974. 82
   44,092.66
   24,075.43
   20,840. 54
   33,841. 17
     2,961. 32



$2,087,039.55   $960,352.02     $             $1,126,687.53
                            46. 02T7o



COMBINED TOTALS $8,636,420. 77



$3,681,309.95



$ 377,288.38



$4,577,822.44



46.99%o




 








         UNIVERSITY OF KENTUCKY

STATEMENT OF PLANT FUND APPROPRIATIONS
   For the Current Fiscal Period which began
   July 1, 1954, and ended December 31, 1954

   Dept.            Expendi-        Encum-
   Approp.           tures          brances



Division of Colleges

Retirement of Indebtedness

  lstW.P.A. BondIs.

  2nd W. P. A. Bond Is.

  Dorm. Rev. Bond Is.

  Audit-Field H. Issue

  Lib. & Serv. Bldg.
      Issue

  Stad. Add. Issue

  Dorm. Rev. Issue
      (456 Rose)

  Jour. Bldg. Bond Issue

  Dorm. Rev. Issue
      (476 Rose)

  Stud. Dorms. U. K.

  Stud. Dorm. -Kappa Sig-
      ma

 Stud. Dorm. -Lambda
      Chi

 Stud. Dorm. -Phi Sigma
      K

 Stud. Dorm. -Pi K A

 Dorm. Rev. Bond 1952

 Dorm. Rev. Bond 1954

 Lib. & Serv. Bldg. Res.

TOTAL-Retirement of
    Indebtedness        $



36,915.02

15,902.41

24,914. 25

59, 185. 01


44,679. 02

20, 159. 70


7,892.68

15,916. 75


7,161.93

14,083.64


10,410. 26


9,280.26


9,845.26

9 , 840. 79

13,545.00

  427. 87

37,618.58



$  2,397.50

   7,948.28

   3,522,50

 49,229.47



$



$ 34,517.52

   7,954. 13

   21,391.75

   9,955.54



5,942.50

3,431.25



38,736.52

16,728,45



3,462. 50

13,488. 75



4,430. 18

2,428. 00



3,032.50

4,003. 74



4,129.43

10, 079.90



2, 001. 88



8,408.38



2, 001. 88



7, Z78. 38



2, 001. 88

2,001. 87

13,545.00



7,843. 38

7,838.92



  427. 87

37.618. 5a



337,778.43       $118,011.50    $              $219,766.93

                      34. 94%



7



Free
Balance




 






8



         UNIVERSITY OF KENTUCKY

STATEMENT OF PLANT-FUND APPROPRIATIONS



Division of Colleges



For the Current Fiscal Period which
July 1, 1954 and ended December 31,



Expendi-
ture s



Dept.
Approp.



began
1954



Encum-
brances



Free
Balance



Construction:

  Dicker House Annuity

  Norwood Hall Fire
       Loss

  Men, s New Dorm.

  Service Building

  Fine Arts Building

  Journalism Building

  New Science Bldg.

  Sprinkler System

  Women' s New Dorm.

TOTAL-Construction




TOTAL-Plant Funds -
Division of Colleges



$



230. 68



15,911. 25

2,568. 25

3,697. 19

2, 156.47

7,938. 69

3, 300. 00

4,443. 32



$



$



$    230.68



15,911. 25

2, 568. 25

3,697. 19

2,156. 47

7,938, 69

3,300. 00

4,443. 32



  85, 820, 94        23, 890. 80                 61,930. 14

$ 126, 066. 79     $  23,890. 80.- $            $102,175.99

                             18. 95%



$ 463,845.22       $ 141,902.30    $            $321,942.92
                             30. 59 /i




 









         UNIVERSITY OF KENTUCKY
   STATEMENT OF PLANT APPROPRIATIONS
FOR THE CURRENT FISCAL PERIOD WHICH BEGAN
    July 1, 1954 and ended December 31, 1954


               PLANT FUNDS



Agr. Experiment Station:  Dept.
                       Approp.



Expendi -
tures



Encum-
brances



Repairs and New Equip-
   ment


Total Plant Funds
Agr. Exp. Station



COMBINED TOTALS



$ 96,926.ZZ      $ 8,533.93    $38,313.93    $ 50,078.36



$ 96,926. 22     $  8, 533.93  $38, 3 13. 93  $ 50,078.36

                           48. 33%

$ 560, 771. 44   $150,436.23   $38, 3 13. 93  $372,021.28

                           33. 66%



Free
Balance




 













           University of Kentucky
STATEMENT OF OTHER FUND TRANSACTIONS
  For the Current Fiscal Period which began
  July 1, 1954 and ended December 31, 1954



Restricted Funds:
  Div. of Colleges
  Agr. Exp. Station
  Agr. Ext. Div.


      Subtotal


Loan Fund:
  Princip-al7
  Income


      Subtotal


Endowment Funds:
  Principal
  Income


      Subtotal


Agency Funds:
  Balances



Combined Totals



Balance



Disburse -



Balance



July 1, 1954      Receipts        ments          Dec. 31, 1954



$1,69 2, 383. 20  $1,334,041.10 $1,316,874.01 $1, 709,550.29q
   124, 206. 45      136, 139. 16   106,162. 36    154,183. 25
   135,345. 34        49,423. 50     60,599. 05    124,169. 79


$1,951,934.99     $1, 519, 603. 76  $1,483,635.42. $1,987,903-33



$   73, 316. 01   $       40. 00  $             $    7 3, 356. 01
    29, 959. 98          901. 96          19. 05    30,842. 89


$  103,275.99     $      941. 96  $       19. 05 $  104,198.90



$  201,616.64     $                $            $   201,616. 64
     3, 049. 03          546.9 7          75. 00     3,521. 00


$  204,665.67     $       546. 97 $       75. 00    205, 13 7.64



$   88, 320. 43   $  252,032.51  $  270,907. 38 $   69,445. 56


$2,348,197.08     $1, 773, 125. 20  $1,754,636.85 $2,366,685.43




 







.11



                    University of Kentucky
 STATEMENT OF COMBINED RECEIPTS AND EXPENDITURES
          For the Current Fiscal Period which began
          July 1, 1954, and ended December 31, 1954



Receipts and TransfersE:



General Income
Plant Income
Restricted Receipts
Loan Fund Receipts
Endowment Fund Receipts
Agency Fund Receipts



Total Receipts



$6, 191,607. 52
   96,483. 86
 1,519,603.76
      941.96
      546.97
   252, 032.51

$8, 061, 216. 58



Expenditures and Transfers (including Encumbrances):



General Fund Expenditures
Plant Fund Expenditures
Restricted Fund Expenditures
Loan Fund Expenditures
Endowment Fund Expenditures
Agency Fund Expenditures



Total Expenditures



$4, 058, 598.33
   188, 750. 16
 1,483, 635. 42
        19. 05
        75. 00
  270,907.38

$6. 001,985. 34




 






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       Upon motion duly made, seconded and carried, the Financial Report,
as submitted by the Comptroller, was authorized received and made a part
of the minutes.



      D. Approval of State Requisitions and Purchases.

      President Donovan submitted letter from the Comptroller listing docu-
ments evidencing purchases made in behalf of the University. The letter was
read, as follows:



                                               January 5, 1955


      Dr. H. L. Donovan, President
      University of Kentucky

      My dear President Donovan:

          I submit a list of state requisitions, advices of emergency
      purchases, University Special Orders, vouchers, stores vouch-
      ers, and job-order vouchers which have been made by the
      Purchasing Division from October 1, 1954, through December
      30, 1954, yet to be approved by the Board of Trustees.  The
      listing below gives the numbers of the documents requesting
      the purchase or actually issued as purchase orders, vouchers,
      stores vouchers and job-order vouchers, which documents are
      made a part of this record and are held in the office of the
      Comptroller subject to inspection.  The purchases have been
      made on properly drawn documents at the request of the various
      departments and have been charged against available funds.

             State Requisitions numbered   307 through 561
             Emergencies                     65 through 136
             Special Orders                5413 through 6500
             Vouchers                         1 through 2909
             Stores Vouchers                384 through 833
             Job-Order Vouchers            2533 through 2844

             The foregoing record of purchases is respectfully submit-
      ted with the request that they be approved by the Board of Trustees,
      thereby ratifying the action of the Comptroller in making the pur-
      chases.

                                             Respectfully submitted,

                                (Signed)    Frank D. Peterson
                                             Comptroller




 






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       Upon motion duly made, seconded and carried

              State Requisitions numbered    307 through 561
              Emergencies                      65 through 136
              Special Orders                 5413 through 6500
              Vouchers                          i through 2909
              Stores Vouchers                 384 through 833
              Job-Order Vouchers             2533 through Z844

were ratified and approved.



       E. Budget Changes.

       President Donovan read a list of changes in University budgets which
indicated a net decrease of $763. 75. He recommended that the changes be
authorized and the list of changes filed with the Secretary of the Board.

       Upon motion duly made, seconded and carried, budget changes as
reported were authorized made, showing a decrease in University budgets
of $763. 75. The Comptroller was authorized to make the necessary budget
adjustments.



       F. Appointment of Executive Committee.

       It was called to the attention of the Board that it was customary to
appoint an Executive Committee from the membership of the Board of Trustees.

       Upon motion duly made, seconded and carried, Harper Gatton, Smith
D. Broadbent, Dr. Ralph J. Angelucci, R. P. Hobson and Guy A. Huguelet
were nominated as members of the Executive Committee of the Board of
Trustees.  There being no other nominations, each was declared elected
as a member of the Executive Committee.



      G. Appointment of Vice Chairman of the Board of Trustees.

      It was called to the attention of the Board of Trustees that, in addition
to the Governor of the Commonwealth being ex officio Chairman of the Board
of Trustees, a Vice Chairman is elected by the Board of Trustees.

      Upon motion duly made, seconded and carried, Mr. Guy A. Huguelet
was elected Vice Chairman.



      H. Report of Cooperstown Housing Project.

      President Donovan stated that he had asked Mr. Ernst V. Johnson,
member of the architectural firm of Brock and Johnson, Architects, to make
a report of progress of plans and specifications for the Cooperstown apart-
ments.  Mr. Johnson was invited to come before the Board, and he made a




 











brief report to the effect that plans and specifications for the development of
Cooperstown apartments are progressing according to schedule. It was the
present plan to advertise for bids for the construction of the apartments in
March, 1955, in order to submit the bids to the Board of Trustees at its
meeting on April 1.

       The report was received, and upon motion duly made, seconded and
carried, was authorized noted in the Minutes.



       I. Woment s Residence Hall.

       Mr. Johnson reported that floor plans were being developed for another
women' 8 residence hall to be located on a site parallel to Limestone Street
and opposite an existing women' s residence hall,  He stated that considerable
preliminary study had been made and several meetings held with representa-
tives of the University, and that the architects were in position to go forward
with plans and specifications.

       Upon motion duly made, seconded and carried, the report was received,
and the architect was authorized to develop plans and specifications as speed-
ily as possible.



       J. Annual Report of the President.

       President Donovan submitted the Annual Report of the President for
1953-54. He distributed a printed bulletin of the University entitled "Build-
ing for Tomorrow. "1 He asked members of the Board to read the Report
in its entirety, and called especial attention to the table on page 5, showing
a loss of 260 professors, associate professors and assistant professors
from 1941 to 1954. He deplored the loss to the University of qualified and
capable teachers, stating that the resignation of so many competent person-
nel was not only a distinct loss to the University but also a loss to the State
of Kentucky. He referred to a 10% increase in the enrollment of the current
academic year over the fall semester of 1953. Other sections of the Report
were scanned, and members given copies to take with them.

       A general discussion of various sections of the Report followed, and
upon motion duly made, seconded and carried, the Report was authorized
received and filed.



       K. Annual Audit oi the University of Kentucky.

       President Donovan reported receipt of an audit of accounts and records
of the University of Kentucky for the fiscal year 1953-54 by the Auditor of
Public Accounts.  The examination was made by Dudley H. Starns, Sam
Stacker and James Rousseau, and was supervised by T. H. Tinsley, Auditor
of Public Accounts.  The Report stated the accounts showed that the Uni.-
versity and its fiscal agencies operated in accordance with statutory




 











requirements in the year ended June 30, 1954, and that the records of the
University were well maintained under a system of accounting adopted under
University requirements and generally accepted as standard for such insti-,
tutions.

       President Donovan made the Report available to members of the
Board and requested that it be examined.  Leave was given to any member
to take the Report home for study.



       L. Lease of Kentucky Utilities Company Land.

       President Donovan stated that the lease from the Kentucky Utilities
Company of about 400 acres of land, heretofore informally reported to the
Executive Committee, was ready for consummation. He stated that the
Kentucky Utilities Company owned about 400 acres of land situated in Mer-
cer County, Kentucky and had offered to lease the land to the University of
Kentucky for a period of 21 years, without cost to the University.  The
premises are to be used by the University for educational agricultural re-
search, testing and demonstration purposes, having as goals increasing the
productivity of Kentucky agriculture and improving the living conditions of
farm people.

       President Donovan read the following letter received from Frank J.
Welch, Dean and Director of the Agricultural Experiment Station and the
College of Agriculture and Home Economics, recommending approval of the
lease.



                                              January 6, 1955


      President H. L. Donovan
      University of Kentucky

      Dear President Donovan:

              You will find herewith attached copy of lease between
       the Kentucky Utilities Company and the Board of Trustees of the
       University of Kentucky, making available to us a farm of approx-
       imately 400 acres on a 21-year lease basis without cost to us.

             As the lease will indicate, this farm is located at the Dix
      Dam in Mercer County and will make possible the partial closing
      of a gap in our present research and demonstration program on
      the various soil types of the state.  As you know, our basic,
      fundamental work is done here on our own Experiment Station
      farm and the basic work can be done here as satisfactorily as
      at any location.  However, the problems peculiar to the dif-
      ferent soil types of the state and varying climatic influences can-
      not be done satisfactorily except on the specific soil types in the
      different sections of the state.




 






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              This gratuity farm from the Kentucky Utilities Company
       will contribute materially to our over-all research and demonstra-
       tion program and will contribute much, I am sure, to the develop-
       ment of a more productive and more profitable agriculture for our
       people as a whole.

              I am delighted indeed that this property has been made
       available to us and we are now busily engaged in formulating long-
       range plans for the most effective utilization of these acres.

              Included on the farm are a number of residences and other
       utility buildings that will make it possible for us to operate the
       farm with a minimum expenditure on building facilities.

              I recommend this proposed lease to you and members of
       the Board without reservation as a distinct step toward rounding
       out our total research and educational program of activities.


                                              Sincerely yours,


                              (Signed)        Frank J. Welch
                                              Dean and Director



       The Board discussed the lease, and upon motion duly made, seconded
and carried, the ]ease was authorized executed on behalf of the University by
the Vice Chairman and Secretary.



       M. Alurtmi Election.

       President Donovan read the following letter from the Comptroller,
who reported on the results of an election held among the alumni of the Uni-
versity.



                                              December 17, 1954

       Dr. H. L. Donovan, President
       University of Kentucky

       My dear President Donovan:

              Pursuant to rules and regulations cof the Board of Trus-
       tees, an election has been held among the alumni of the Universi-
       ty of Kentucky with the following result.




 







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                         Name               No. of Votes

                   Guy A. Huguelet              2,103
                   Marshall Barnes 8, 776
                   William B. Sturgill          1,434
                   Herndon J. Evans             1,317
                   0. L. McElroy                1,143
                   J. David Francis               970

              For the record, I also submit on attached sheet the names
       of those receiving write-in votes.  Will you please request au-
       thorization of the Board of Trustees for authority to certify the
       names of the three nominees receiving