Minutes of the Regular Quarterly Mreeting of the Board of
Trustees for June 3.2, 1923.






     The Board of Trustees of the University of Kentucky met in
regular quarterly session at the University on Tuesday, June 12,
1923. The following were present: Senator H. It. Froman, Cap-
tain J. R. Rash, Senator R. P. Ernst, Judge R. C. Stoll, Mr.-
Rainey T. Wells, Mir. Frank MIcKee, iM1r. J. I. Lyle, and M1r. Howard
P. Ingels.   Frank L. MoVey-, President of the University, and
Wellington Patrick, Secretary of the Board, were also present.

     The minutes of the meeting of the Board of Trustees for April
were approved as published.

     1. Report of the Business Agent.   The report of the Business
Agent was read and Ordered incorporated in the minutes.    The re-
port was as follows:

                      UJniversity of Kentucky

               Statement of Income and Expenditures
               .from July 1, 1922 to May 31, 1923 and
               estimated Income and Expenditures for
               June 1923.



Incoine
  July 1, 1922 to May 31, 1923
  Estimated for June 1923
      State Taxt
      Vocational Education Board
      Special Agricultural Appropria-
         tion
     Veterans Bureau
     {iis0 el lane ous



Expenditures
   July 1, 1922 to May 31, 1923
   Est imated for June 1923
      Salaries
      Expense



523,946.68

20,000.00
16,000.00



11,833.81
17,000.00
   200.00



588,980.49



495 ,554.44



38,000.00
30.000.00



563 ,554.44



Estimate8 excess of Inc ome over
   Expenditures for 1922-1923 -
   General Fund

                            (Signed) D. H. Peak
                                         Business



25,426.05



Agent