Minutes of the Meeting of the Executive Committee of the
Board of Trustees of the University of Kentucky, Wednesday, Feb-
ruary 24, 19371



     The Executive Committee of the Board of Trustees of the Uni-
versity of Kentucky met in President McVey's office at 10:30 a.m.
on Wednesday, February 24, 1937.   The members of the Committee
present were James Park, R. Miller Holland, and J. B. Andrews.
President Frank L. McVey and D. H. Peak, Secretary of the Board,
were present. In the absence of Judge Richard C. Stoll, Mr.
Andrews was elected chairman of the meeting.



     1. Approval of Minutes.

     The minutes of the meeting of November 7, 1936, were approved
as published.



     2. Financial Reports for December, 1936, and January, 1937.

     Financial reports for December, 1936, and January, 1937, were
produced. by the Business Agent, and examined.  The reports being
cumulative, the January report was ordered inserted In the Minutes:



                                                    EXHIBIT "B"1



Statement of Income and Expenditures
       Month of January, 1937
                                             Fiscal
                    Previously     Current   Year
                    Reported,      Month     To date



General Fund Income
  Federal Appropriation -
    Morrill Nelson              14,9250.00
 Vocational Education Board     8,957.71
 State Appropriation -
    Summer School                8,000.00
 Special Agricultural Appro-
   priation                    11,392.29
 State Appropriation - General SD9,061.29
 Interest on Peabody Endowment 1,000.00
 Interest on Endowment Bonds   12,852.37
 State Appropriation -
    Repairs to Bldgs.            4,323.77



4,750.00
1,989.70



19,000.00
10,947.41



8,000.00



2,472.43
64,196.83



13,864.72
372,258.17
1,000.00
12,852.37



112.25      4,936,02