<pre style="white-space: pre-wrap">xt7ksn01086c https://exploreuk.uky.edu/dips/xt7ksn01086c/data/mets.xml Lexington, Kentucky University of Kentucky 19300823 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, 1930-08-sep23. text Minutes of the University of Kentucky Board of Trustees, 1930-08-sep23. 1930 2011 true xt7ksn01086c section xt7ksn01086c 


    Minutes of the Board of Trustees of the University of Ken-
tucky for its regular quarterly meeting for Tuesday, September
23, 1930.


     The Board of Trustees of the University of Kentucky met in
regular quarterly session in the President's Office at the tni-
versity on Tuesday, September 23, 1930.   The following members
were present: Governor Flem D. Sampson, State Superintendent
W. C. Bell, Mr. James Park, Mr. Robert G. Gordon, Dr'Y. WY. Wlash,
Judge R. C.- Stoll, Mr. E. B. Webb, Mr. Louis Hillenmeyer, Captain
J. R; Rash.  Meeting with the Board were Frank L. McVey, Presi-
dent of the University, and Wellington Patrick, Secretary of the
Board.

     The minutes of the June meeting v.ere approved as published.

     (1) Graduates of Summer School,  The action of a. special
committee of the Board on August 22, 1930, in approving a list
of graduates of summer school at the University was adopted as
the action of this Board at this meeting.   (See Minutes of
Special Committee filed. in Board of Trustees record of that date),

     (2) Audit of Booksi The report of the auditors of the Uni-
versity, Peatj Marwick, Mitchell and Company, was received. and
motion was made3 seconded, and carried that the report be filed
and made a part of the Minitoa of the Board by reference.    The
Business Agent was instructed, so far as possible, to carry out
the items respecting the recommendations as to the-operation of
the Campus BQok Store and the University Cafeteria.   A bill
for $750 submitted by Peat, Marwick, Mitchell and Company was
ordered paid.

     (3) Settlement with J. T. Jackson Lumber Company. A report
was made. by President McVey regarding the settlement with the
J. T. Jackson Lumber Company over a controversy of certain items
due them.  The President indicated that the matter had been
brought to a point where it seemed that settlement should be made
with little difficulty, and a motion was made, seconded, and
carried authorizing the President of the University to settle
the matter on such terms as he considers advisable0

     (4) Insurance of Teacher Training Building.   A motion was
made, seconded, and carried that the President of the University
be authorized at his discretion to have insurance placed on the
Teacher Training Building in such an amount as may be considered
proper under the co-insurance plan.


2.


     (5) Auditors of Experiment Station Books. The chairman
of the Board appointed Mr. Louis iillenmeyer and Jamles Park to
audit the report of the Extension Division and Exoeriment Sta-
tion.  This is an annual requirement of the United States Depart-
ment of Agriculture.

     (a) Business Agent's Report. The report of the Business
Agent was received and ordered incor..orate- in the :inutes.  The
report was as follows:


                                                EXHIBIT "A"


              Balance Sheet as at June 30, 1930


                            Assets

Combined Fund
  Current and Working Assets
    Petty Cash Account                             2,000.00
    Notes and Bills Receivable                     3,400.00
    Notes Receivable - Student Loan Fund          27,282.48
    Accounts Receivable - State Tax               73,946.57
    Accounts Receivable - Basket Ball Building    32,872.46
    Accounts Receivable - Stadium                 21, 500.00
    Accounts Receivable - Le.morial Building      67,074.74
    Accounts Receivable - Miscellaneous            7,513.99
    University Commons - Fixtures and Supplies    13,108.72
    Campus Book Store - Stock and Fixtures        50,686.39
    Departmental Material and Supplies            58,000.00
       Total Current and Working Assets          357,385.35
  Insurance Paid in Advance                       33,334.02
       Total Comobined Fund Assets               390,719.37


Endowments, Bequests, Etc.
    Land Grant Endowment Fund          144,075.00
    Peabody Endowment Fund              40,000.00
    C:u= Bequest                           763.87
    Bennett Bequest                        525.51
    Class of 1917 Chemistry Librery Fund   100,00
    Brent Fund                           1,000.00
    Sullivan Fund                          200.00
        Total Endowment, Bequests, Etc.           186,664.38

Real Estate, Buildings, Equin., Etc.
    Property Accounts as at June 30, 1930       4,119,693.02
        Total


3.


                          Liabilities

Combined Fund
  Current Liabilities
  Bank Overdraft
  Notes Payable- Patterson Farm
  Notes Payable - First National Bank and
        Trust Co.
   Accounts Payable
         Total Combined Fund Liabilities

Surplus
   Balance as at June 30, 1930
        Total


   7,860.77
   50,000.00

 100, 000.00
 14,589.07
 172i449.84


4,524,626.93
4,697,076.77


                                EXHIBIT "'B"


Statement of Income and Expenditures
        Month of June 1930


                              Previously
                              Reported
General Fund Income
  Federal Appropriation       42)750fr00
  Ed. Bldg. - St. Appro.      75,000.00
  Ed. Bldg. - Gen. Ed. Bd.  148,347.60
  Special Agri. Appro.        30)000.00
  State Tax                 929,023.69
  Interest on Liberty Bonds   1,700,00
  Interest on Endowment Bonds  8,644.50
  Student Fees              135,416.18
  Student Fees - Summer Sch.  36,661,35
  Student Fees - U. H' S.      4,537.00
  Student Fees - Univ. Ext.   23,453.22
  Miscellaneous Receipts      15,732.15
  Rentals                      2,897.50
  Men's Dorrnitory            17,825.08
  Dairy Building - St. Appro. 74,472.84
  Summer Sch. - St. Appro.    10,000.00
  Vocational Ed. Board        12,042.28
           Total          I-.568, 403.39


Expenditures
  Instruction                807,646.89
  Adm. Expense and Maint.    306,703.41
  Additions and Betterments  548, 513.T
           Total           1 662,883.66


           Fis cal
Current   Year
Month      To Date


            42,750.00
            75, 000.00
          148, 347.60
            30, 000.00
128,930.82 1,057,954.51
               1,700.00
               8, 644.50
    348.10  135,734,28
              36, 661.35
     10.00     4,447.00
  1,880.40   25,333.62
  1,313.17   17,045.32
    397.00    35294.50
    177.25   18,002.33
    527.16   75,000.00
              10,000.00
 14,541.34   26?,583.62
 148,125.24 1,716,528.63


 73,245.26  880,892.15
 44,535.84  351,239.25
 26,114.05  574,627.41
 143,895.15 1,806,758.81


4.


Excess of Expend. over In-
  co.-ne


(104 460.27)


4,2300_ (90,230.18)


Patterson Hall Income
   Board
   Miscellaneous Receipts
   Room Rent - Summer School
              Total

Expenditures
    Expense
    Additions and Betterments
               Total


   Excess of Income over Ex-
   oenditures

General Fund Income
General Fund Expenditures


10,620.23


1,844,015.89
1,727,855.93


(6,544.05)


149,616.00 1,793,631.89
151,929.96 1,879,785.8a


Excess of General Fund Exp.
over Income                  (83,840.04)   (2,313.96)

Excess of Receipts over Exp.
for Gen. Ledger AcctE.       (30,135.64) 116,310.92

Accts, Receivable for Current
Year                                      (73, 946. 57)

1928-29 Accounts Payable lioui-      -
dated during Current Year    (45,406.7a)


Excess of Expenditures over
Receiots for the fiscal
year to date - Gen. Fund

Excess of Expenditures over
Receipts for the fiscal
year to date - General Fund


(86,154.00


86,175.28


(73,946.57


(445,406. 78


(159,332.46)  40,050.39  (119,332.07)


                         ( 119 ,332.07)


Cash in Bank July 1, 1929 -
General Fund


72,311.10


Cash in Bank June 30, 1930 -
General Fund


Trust Fund Income
Student toan Fund
Student Notes Paid


(47,020.97'1


2g370.25
,30651.3
8,675. 38


1,003.27
  245.70
1, 245.97


3, 373.52
6,547.83
9. 921. 35


   70, 622. 29
      569.21
    4 4421. 00
_ 75,612.50


   62,979 14
   2,013.13
   64,992.27


1,400.70
   92.56
   (2.5o)
1,490.76


7,636.21
  398. 60
8,034.81


72, 022.99
   661. 77
 4g, 418. 50  
 77,103 26


 70, 615. 35
 2,411. 73
 73,027.08


4, 076. 18


Expenditures
Exponse
  Student Notes
         Total


Excess of Expenditures
over Receipts


(999.37)    617.97      (381.40)


Excess of Expenditures
over Receipts for the
fiscal year to date -
Trust Fund
Ca-sh in Bank July 1,
1929 - Trust Fund
Cash in Bank June 30,
1930 - Trust Fund


(381.40)

1, 376.51

  995.11


Experi'ment Station Income
Hatch - Federal Appro.
Milk and Butter - Oash Rec.
Beef Cattle Sales
Dairy Cattle Sales
.Sheep Sales
Swine Sales
Poultry Sales
Farm Produce Sales
Horticultural Sales
Seed Test
Rentals
Miscellaneous Receipts
Fertilizer - Fees
Public Service - St. Ap.


1, 000.O0
2, 47 !28
5,509.25
1, 602,.43
1,303.60
2, 367.26
2, 503.33
4, 35T,58
2, 426.40
    53.00
 5, 910.40
 3, 436,41
 56, 309,50
 18, 333,30


  U1     ,.   - fMisc.        15.00
Feeding Stuffs - Fees      54,504.22
Adams - Federal Appro.     15,000.00
Serum - Sales               2,816.12
      - Virus Sales           160.98
      - Supply Sales          154.83
  "  - Miscellaneous Rec.      27.97
State Appropriation        48,568.84
Creamery - License Fees     5;866.50
  "     - Testers Lic.      2,182i.00
         - Glassware Tested   686.20
Robinson - State Appro.    16,249.98
W. Ky. - State Appro.      17,385.11
W. Ky. - Misc. Receipts        10.00
Purnell - Federal Appro.   60,000.00
State Aporo. - Patterson
  Farm Purchase            20,000.00
Nursery Inspection - St.
Appropriation             2,170.92
Nursery Inspection - Fees   1,735.00


            15,000.00
1,257.28    14,504.56
             5,609.25
             1,602. 43
  146.35     1,449.96
  239.06     2,606.32
  314.90     2,818.23
  432.42     4,784.00
  36.90     2,463,30
                53.00
  110.67     6,021.07
3,500.00     6,936.41
  906.25    57,215.75
3,666.70    22,000,00
                15.00
4,090.90    58,595.12
            15,000.00
  126.30     2,942.42
    8.40       169.38
    2.00       15S.83
                27.97
1,431.16    50,000.00
  440.00     G,306.50
  350.00     2,532.00
  60.64       746.84
8,750.02    25,000.00
5,614.89    23,000.00
                10.00
            60, 000.00

            20,000.00

  329.08     2,500.00
    5.00     1,740.00


5.


  463. 50
9,211.25
9,674.75


43.00
585.00
628.00


   506.50
 9,795.25
10, 02. 75


6.


Cream Grading
Abortion Test
Cooperative Poultry
Apiary Inspection - State
Appropriation
        Total


4,192.85
2,222.50
2,410400

    68.91
388, 881.67


  325.00
  320.50


  63.48
32 5237.91


4,543.00
2,543.00
  2,410,00

  132.39
421,409.58


Experiment Station Expendituxes
Expense                  357,855.83
Additions and Better-
  ments                    14.535.23


Total


Excess of Income over Ex-
penditures


372, 391.06


_16 90.16
     _ _


25,020.12;

19,124.09
44,144.21


(11,616.30)


382,875.95

  33,659.32
.416,535.27


   4,874.31


Excess of Income over Ex-
penditures for the fiscal
year to date - Experiment
Station

Cash in Bank July 1, 1929 -
Experiment Station

Cash in Bank June 30, 1930 -
Experiment Station


Extension Division Income
  Federal Smith-Lever
  Federal Supplementary
  Federal Capper-Ketcham
  State Smith-Lever
  County and Other
         Total

Expenditures
Expense
Excess of Income over
  Expenditures

  1928-1929 Federal Smith-
  Lever Balance transfer
  from Surplus to Income
  Account


152,241.30
54,642,56
37,291.95
119,775.50 22,465.80
36292.95    362.50
367244.26 22,828.30


337,780.64 50,810t32

29,463.62 (27,982.02)


152,241.30
54,642.56
37,291.95
142,241.30
  3,655.45
390,072.56


1,481.60


(3,083.63)


Excess of Expenditures over
ReceipT s for the fiscal
year to date - Extension
Division                  26,379.99 (27,982.02)

Excess of Expenditures over
Receipts for the fiscal year
to date - Extension Div.


(1.602.03)


(1)602.03)


4,874.31


30, 317.60


- 35,191.91


Cash in Bank July 1, 1929 -
Extension Division
Cash in Bank June 30, 1930 -
Extension Division


Summary
  General Fund Income
  Trust Fund Income
  Experiment Station Income
  Extension Division Income
         Total

 General Fund Exoenditures
 Trust Fund Expenditures
 Experiment Station Exp.
 Zxtension Division Exp.
         Total


1,6444,015.89
    2, 370.25
  388,881.67
  367,244.26
2.402,512.07

1, 727 X855.93
      463. 50
  372, 391.06
  337,780.64
2, 438,491.13


149X616X00 1,793,631,89
  1,003.27     3,373.52
  32,527.91   421,409.53
  22,828. 30  390,072.56
205,975.48 2,608,487.55

151 , 929.96 1;879,785I89
     43.00       506.50
 44,144,21   416,535.27
 50,810.32   388,590.9C
 246,927.49 2,685,418.62


Excess of Expenditures
over Income


(35,979.06) (40,952.01)  (76,931.07)


Excess of Receipts over
Expenditures for General
Ledger Accounts

Student Loan Fund - Notes

1928-1929 Accounts Payable
liquidated during Current
Year


(33,219*27)

(2,906.12)


(45,406. 78)


116,310.92   83,091x65

   (342.30)  (3,248.42)


            (45,406. 78)


Accounts Receivable for
Current Year


(73.946.57) (73.946.57)


Excess of Expenditures over
Receipts for the fiscal
year to date - Comabined.
Fund                      (117,511.23)

Excess of Expenditures over
Receipts for -he fiscal year
to date - Combined Fund


(116, 441.19)


Cash in Bank and on hand July
1, 1929 - Combined Fund


110,580.42


Cash in Bpnk and on hand June
30, 1930 - Combined Fund


(5,860.77)


7.


4,575.21

2,973.18


1, 070.04 (116,441.19)


8.


Abstract of item shown on Statement of
Income and Expenditures as "Excess of
Receipts over Expenditures for General
Ledger Accounts $83,091.65."


                         Debit


Accounts Receivable


Insurance Paid in Advance


Sundry Accounts

Notes Payable

Surplus


48,033.98


100,000.00


3,083.63

51,117.61


134,209.26

51,117.61


83, 091.65


Credit


24,036,79


10,172.47


                  9.
                                      EXHIBIT "0C"

Statement of Receipts and Disbursements
            June 30, 13O


                             Previously
                             Reported

Cash in Bank and on hand May
31, 1930

   Treasurer - General Fund
   Treasurer - Trust Fund
   Treasurer - Experiment Sta.
   Treasurer - Extension Divisicn
   Petty Cash
            Total Caash


Current
Month


(87,071,36)
    377.14
46, 808.21
30,955.20
  , 000.00
  (6 930.81)


Receipts
  I' General Fund Income
    Trust Fund Income
    Trust Fund - Student


1,644,015.89
    2, 370 25


   Notes                   6 305.13
Experiment Sta. Income . 388,881,67
Extension Div. Income    367,244.26
General and Sundry Ledg. 326,348.99
         Total Rec.    2,735,166.19
         Total


Expenditures
    General Fund           1,727,855.93
    Trust Fund                   463.50
    Trust Fund - Student
        Notes                  9, 211.25
   Experiment Station       372,391.06
   Extension Division       337,780.64
   Accounts Payable          45,406o78
   General and Sundry               .
        Ledger               359,568._26
        Total Expenditures 2,852,677.42

Cash in Bank and on hand June 30, 1930
    Treasurer - Genexal Fund
    Treasurer - Trust Fund
    Treasurer - Exteriment Station
    Treasurer - Extension Division
    Petty Cash
           Total Cash
           Total


75,669.43
  1 003. 27

    242,70
 32,527.91
 22,828.30
115,878.37


1 719, 685. 32
    3, 373. 52

    6, 547. 83
  421, 409.58
  390, 072.56
  442,227.36


248,149.98 2,983,316.17
241,219.17


151,929.96 1,879,785.89
     43.00        503.50

     585.00      9,796.25
 44,144.21    416,535.27
 50,810.32    388a,590.96
               45, 40678

   (432.55)  359,135.71
247,079.94 -3,099,757.36


(47,o2o097)
    995,11
 35,191.91
 2,973,18
 2,000.00
_5 860.77)
241,219.17


Excess of Expenditures
over Rec. for the fis-
ca~l year to date
Cash in Bank and on hand July 1, 1929
Cash in Bank and on hand JunQ 30, 1930


(116,441 19)
110,580.42
  (s,860.77)


Fiscal
Year
To Date


                 10.


Statement of Income and Expenditures
         Month of August 1930


Previously
Reported


Current
Month


EXHIBIT "B"


Fiscal
Year
To Date


General Fund Income
  Federal Appropriation     42,750.00
  State Tax
  Interest on Endowment Bonds
  Student Fees                 47C.56
  Student Fees - Sum er Sch. 39,536.70
  Student Fees - Un. Ext.    1,096,60
  Miscellaneous Receints     1,556.71
  Rentals                       397.00
  Ments Dormitories          1,622.30
            Total           87,429.87

Expenditures
  Instruction               56,677.61
  Adm. Expense and I-ia.int.  24,003.29
  Additions and Betterments 66,322.30
            Total          147,003.20


64,725.43
4, 322. 25
   105.06
   618.05
   416,86
   258.36
   T50. 00
   83.00
 70,679.01


 47, 076.64
 22,226671
 37,703.78
107,049.13


42,750.00
64,725.43
4,322.25
    575.62
40,154.75
1,513.46
1,815.07
    547. 00
  1,705.30
158,108.88


103,756.25
46,270.00
104,026.08
254,052.33


Excess of Expenditures
  over Income


Patterson Hall Income
Roord Rent - Summ.-er Sch.


Expenditures
  Expense


(59,573.33)  (36,370.12) (95,943.45)


4,247.25


170.00   4,417.25


1,482.40     1,410.07   2,892.47


ErcCss of Income over
Expenditures


2,764.85    (1,240.07) 1,524.78


General Fund income
General Fund Expend.


91,677.12
148,485.60


70,849.01 16a,526.13
108,459.20 256,944.80


Excess of General Fund
Expenditures over
Income


Excess of Receipts over
Expenditures for Gen-
eral Ledger Accounts


(56,808.48)  (37,610.19)(94,418.67)


75,019.82


(7,032.67) 67,987.15


Excess of Expenditures over
Receipts for the fiscal
year to date - General
Fund                      18,211.34  (44,642.821 (26,431.52)


Excess of Expenditures over
Receipts for the fiscal
year to date - General Fund
Cash in Bank July 1, 1930 -
General Fund
Cash in Bank August 31, 1930-
General Fund


Trust Fund Incoe
  Student Loan Fund
  Student Notes Paid
        Total Receipts

Expenditures
Expense
Student Notes
        Total

 Excess of Receipts over
   Expenditures


(26,431.52)

(47,020.97)

(73,452.49)


870.68
498.00


62.56
320.00


. 933. 24
818. e00


1,368.68    382.56      1,751.24


   40.00    80.00        120.00
   590.00     50.00        640.00
   630.00   130.00         760.00


   738.68   252.56         991.24


Excess of Receipts over Ex-
penditures for the fiscal
year to date - Trust Fund

Cash in Ba.nk July 1, 1930 -
  Trust Fund

Cash in Bank August 31, 1930 -
  Trust Fund


991.24


995.11


1,986.35


Experiment Station Income
  Hatch - Federal Appropriation
                              3,750.00
 Milk and Butter - Cash Rec. 1,170.GO
 Beef Cattle Sales             221.60
 Dairy Cattle Sales              5.00
 Swine Sales                    54.00
 Poultry Sales                 304.91
 Farmr. Produce Sales           23.75
 Horticultural Sales            20.30
 Seed Test
 Rentals                       159.67
 Miscellaneous Receipts         23.04
 Fertilizer - Fees             118.75
 Feeding Stuffs - Fees       4 847.00
 Ada-,,s - Federal Appro.    3P750.00
 Serum - Sales                 246.43
        - Virus Sales            15.15
        - Supply Sales           10.25


1,085,28

  130,92
  44. ?2
  197.08
  181.93
  44. 45
    6.00
  189.67
  119,27
1,431.25
7,193.50

  2x6.90
  15.60
    4.50


3, 750.00
2, 255. 64
  221.60
  136.92
  98,22
  501.99
  208.68
  64.75
     6.00
   349?34
   1412.31
 1,550.00
12,040.50
3,750.00
   482.33
   30.75
   14.75


12.


Creamery - License Fees       6,375.00
     it   - Testers' Licenses  1,654.00
     it   - Glassware Tested      104.05
  Purnell - Federal Appro.     15,000.00
  Nursery Inspection - St. Ap.       .
  Nursery Inspection - Fees       115.00
  Cream Grading                 1,325.00
  Poultry Improvement             730.00
  Veterinary - Blood Test         124.00
              Total            40,151.26

Expenditures
  Expenses                     51,440.25
  Additions and Betterments        66.33
               Total           51,506.58


    96.00
  198.00
    66.01

    341.67
    155.00
    325.00

    239.50
12Q 300. 75


31, 751.67
3025.e88
3A4 777. 55


Excess of Expenditures over
Income                    ii

Excess of Expenditures over
Inco-.m.e for the fiscal year
to date - Experiment Station


6, 471. 00
, )852.00
   170.06
15,000. 00
   341. 67
   270 00
 1, 650.00
   730, 00
   363. 50
52,452.01


83,191.92
3,092. 21
86, 284.13


(33,832.12)


(33,832.12)


Cash in Bank July 1, 1930 -
Experiment Station

Cash in Bank August 31, 1930 -
Exneriment Station


35,191.91


1, 359. 79


Extension Division Income
  Federal Smith-Lever
  Federa.l Supplementary
  Federal Capper-Ketcham
  State Smith-Lever
  State Canner-Ketcham
  County and Other
               Total


76,120,65
27,321 .28
18,645.97


    295.83
122, 383.73


29, OO 00
    67.50
    717.59
29, 785 .09


76,120,65
27,321.28
18,845.97
29, 000.00
     67 50
  1,013.42
152,168.82


Expenditures
  Expense

  Excess of Income over Ex-
  penditures


21, 315.68


101,068.05


Excess of Incom.e over Ex-
penditures for the fiscal
year to date - Extension Div.


Cash in Bank July 1, 1930 -
Extension Division


Cash in Bank August 31, 1930 -
Extension Division


34,824.15


56,139.83


98, 028.99


96,028.99


2,973.18


99,002.17


13.


Summary
   General Fund Income       91,677.12
   Trust Fund Income            870.66
   Experiment Station Income 40,151e36
   Extension Division Income 122,383.73
             Total          255,082.79

   General Fund Expenditures 148,485.60
   Trust Fund Expenditures       40.00
   Experiment Station Ex-
     penditures              51,506.58
   Extension Division Expend-
     itures                  21,315.68


Total


Excess of Expenditures over
  Income

Excess of Receipts over Ex-
penditures for General
Ledger Accounts

Student Loan Fund


'21, 347.86


33,734.93


75, 019, 82

   (92,00)


70, 849. 0i
     62.56
 12,300.75
 29, 785.09
112, 997.41

108,459.20
     80.00

 34 777. 55

 34,824.15
 178,140.90


 (65,143.49)


 (7,032.67)

    270.00


162,526.13
    933.24
 52,452.01
 152,168.82
 368,080.20

 256,944.80
    120.00

 86,284.13

 56,139.83
 399,488.76


 (31,-08.56)


 67,987.15

    178.00


Excess of Receipts over Ex-
penditures for the fiscal
year to date - Combined
Fund                     1


08.662. 75


(7 1  _0_      36. 756.5


Excess of Receipts over Ex-
penditures for the fiscal
year to date - Combined
Fund

Cash in Bank and on hand July 1,
1930 - Combined Fund

Cash in Bank and on hand August
31, 1930 - Coimbined Fund


         Abstract of item shown on Statement
         of Income and Exoenditures as "Excess
         of Receipts over Expenditures for
         General Ledger Accounts $67,987.15."


                                   Debit

   Accounts Receivable
   Insurance Paid in Advance   2,455.05
   Sundry Accounts            _3455_05
                                5,959.42


36,756.59


(5,860.77)


30,895.82


Credit


73,946.57


73, 946.57
75,959.14
6371 987.15


2


(71,906.16)


36. 756.59


14.


     (7) Report of the President. The President submitted his
quarterly report in writing to the Board.   The report was as
follows.


     During the last three months the office of the Superintendent
of Buildings and Grounds, a.s well as -my olm, has been busy in
rounding out and completing the Drog:-am begun two years ago. The
edifices occupied by the College of Education and Associated
Schools are finished and the organization of the college is now
located in these buildings.   The equipment authorized in the ap-
propriation of $30,000 by the last Assembly has been purchased
and most of it installed.   It will be seen also, in looking at
these buildings that the area around about has been graded and
seeded and walks put in place, and drives are now being construct-
ed in the rear of the buildings.   Much, however, remains to be
done before the area can be used satisfactorily for the college
and associated schools.   The expense has been heavy a.nd the com-
pletion of the work is now held up by the lack of earth to cover
the present level.   Grading has also been done around about the
men's dormitories, so that the appearance of these grounds has
been much improved.

     The dairy products building authorized by the Legislature
of 1928 is completed and now occupied by the various departments
of the agricultural staff.   The work on the library building
has gone forward rapidly and the contractor reports the building
will be fully completed and ready for occupancy by the last of
March.   This fact anticipates our budget requirements consider-
ably, in that a portion of the cost of constructing the library
was left to the budget of 1931-32.

     The plans for the agricultural engineering building on the
Experiment Station farm have been completed and are presented
to this meeting for consideration.   These plans call for a build-
ing with a frontage of 163 feet, the central portion being two
stories and the remainder one story.   The observatory plans
also, are completed, the original plans being modified to neArly
the amount available for the erect on of this building.   The domne
for this building will cost almost as much as the building itself.
The order for the plans for the dome has., been placed with the
architects, Towner and Sellew.   In making this statement it may
be said that the construction of these buildings completes what
the University has in mind at the Dresent time in the way of
construction.   All surplus funds from University inco-e are mort-
gaged by the construction of the library for at least another year.
However, with the growth of the student body and the new demands
being made upon the University other buildings will be required
in the near future.   I may enumerate for the sake of a memorandum:
a new dormitory for women, a student building to care for the
activities of the student organizations, engineering shops and
recitation buildings, laboratories for so-ime of the sciences, and
a building for the departirent of home economics.   The University
must look forward also, in the near future, to the erection of an


15.


armory to take care of the activities of the R. O. T. C. and the
indoor work of athletic teams.

     One other construction matter may be brought to your atten-
tion at this time, and that is the use of the warehouse on South
Limestone Street.   This building has been purchased and the
plans will be presented for its utilization as soon as the depart-
ment of buildings and grounds can Drovide them.   The building
should be used to house the department of buildings and grounds
and to take care of a number of other things.

     In discussing the financial situation of the University with
the Business Agent, he assures me that in his opinion, the income
of the University for this year will be maintained; that the ef-
fect of the drought upon the assessed valuation and the payment
of taxes will not come before next year.   What the situation will
be then no one can tell, but it is likely to improve rather than
get -worse.  As indicated a few minutes ago, the University has
financial obligations that project themselves into the future for
sone time.   These financial obligations are due to the construction
of the library cut of income, the payment of annual amounts, which
in a period of time will amortize the cost of the men's dormito-
ries, Kinkead and Breckinridge Halls, and the purchase of the ware-
house opposite the campus.   In addition to these, advances have
been made from University income on the construction of the Memori-
al Hall and the stadium.   In the case of the Memorial Hall the
Greater Kentucky Fund was expected to cover the cost of its con-
struction, but the erection of the building together with the
organ cost about $47,000 more than the constributions to the fund
and the pledges of the guarantors.   There is also due from the
Greater Kentucky Fund and the Athletic Council approximately
55o,000 on the stadium.  The receipt of these amounts would ma-
terially relieve the University from the financial difficulties
in which it finds itself at the present time.   Meanwhile it will
be necessary to hold expenditures as low as possible this year
and next, in order to meet these financial problems.

     On Saturday afternoon, September 20, 1930, the actual attend-
a.nce at the University was 3,039.  The accompanying chart which
covers the period from. 1915-1930, shows student attendance as
of October lof each year.   It should. be kept in mind that fig-
ures of a given date are more indicative of the differences than
the aggregate figures of a yea.r.  It may be said the s tudent
enrollment irn 1930 is more than three times what it was in 1915,
and the numbeT registered in that time shows an increase of 214
per cent.   In this connection, it may be observed, the increase
in students at the University over last year will amount to 11.5
per cent.   In a time of depression it is a. matter of surprise
to many that the enrollment increases, but the fact is, in periods
of depression students go to college.    This accounts for the in-
crease.   Many of these, however, are badly pressed for fuids to
go on, and the University finds itself forced to furnish employ-
ment and secure a.s much iiel. fro-m friends and the community as
possible to keep the students on.


16.


     One of the requirements of the University is that the fresh-
men shall report several days in advance of the regular opening.
This year the students came on Thursday and were carried through
a rather strenuous program.   The purpose of this program is the
orientation of the student to his university.  The program was
satisfactorily carried out this year, due to better leadership
and better arrangements for caring for the students.

     One of the dangers that confront any institution is that of
hardening and routinizing the curriculum.   It is necessary that
the f acuity constantly keep in mind this tendency and as a resalt,
study the curriculum, so that it may be adjusted to the times and
to the student.   For many years we have talked about a personnel
bureau and something has been done in a minor way.   This year the
budget made allowance for an executive secretary, and to provide
opportunities for the students to learn about their own qualifi-
cations and particularly to find out those things that will assist
them not only in their college course but in finding a suitable
career.

     This is the second year of the operation of the new men's
dormitories and for the first time they are completely filled.
The Dean of Women reports that the woment's dormitories are crowded.
The stuident body is more than three hundred larger than last year
and the problem of housing students confronts the University
again.   Whether it is wise to spend mc'e money for more residence
halls for men is a question, but it is practically a necessity
to make additional provisions for housing women students.   Along
with the increasing demands for housing facilities comes the re-
quirement for recreation areas.   The University sooner or later
will have to open new playing fields, not for varsity teams, but
for student recreation activities.   Something has been done in
this direction in providing tennis courts, but fields for base-
ball, football and other sports must be provided in the near fu-
ture.   I have suggested in previous reports that a part of the
Experiment Station farm ooposite the men's dormitories be used
for that purpose.

     Perhaps the most pressing problem which the University has
at the present time is to make   provision for graduate work.
The demands in this field are far beyond anything that could have
been anticipated.   To develop graduate work which the University
ought to undertake there must be more and more adequate provisions
in the way of </pre>