Minutes of the Meeting of the Executive Committee of the University
of Kentucky, November 23, 1954.


           The Executive Committee of the Board of Trustees of the University
of Kentucky met in the President' s Office at 10:40 a. m. , CST, Tuesday, Novem-
ber 23, 1954, with the following members present: Guy A. Huguelet, Chairman;
R. P. Hobson and Harper Gatton. Absent: Smith D. Broadbent and J. C. Everett.
Also present were Dr. Leo M. Chamberlain, Vice President, and Frank D.
Peterson, Secretary of the Board.


           A. Approval of Minutes.

           On motion duly made, seconded and carried, the minutes of the meet-
ing of the Executive Committee of July 16, 1954, were approved as published.


           B. Report of the Comptroller.

           The Comptroller submitted balance sheet of University funds as of
October 31, 1954, together with statement covering University Fund transactions
for the period of four months which began July 1, 1954. The report was exam-
ined in some detail, and upon motion duly made, seconded and carried, was
authorized received and filed.


           C. Budget Changes.

           The Comptroller submitted a request from Professor Ezra Gillis,
Director of the Bureau of Source Materials in Higher Education, for budget in-
crease of $3, 000. 00. It was reported that an additional $3, 000. 00 would enable
Professor Gillis to complete the original program assigned at the time the Bu-
reau was established, and special assignments made to the Bureau.  It was
recommended that $1,500. 00 be set aside for the current year, and that $1,500. 00
be earmarked for the ensuing fiscal year.

           Upon motion duly made, seconded and carried, the Committee con-
curred in the recommendation.

           The Comptroller stated that it would cost approximately $125, 000. 00
to equip the new men' s and women' s residence halls. We need to purchase equip-
ment for the men' s hall in December and a savings can be made by combining
the needs for both halls. There is approximately $75, 000. 00 available for the
purchase of furniture.  He recommended that an additional $50, 000. 00 be ap-
propriated from unappropriated surplus.

           The recommendation was discussed and upon motipn duly made,
seconded and carried, the sum of $50, 000. 00 was authorized appropriated.


           D. University Purchases Approved.

           The Comptroller submitted list of State Requisitions, Advices of Emer-
gency Purchases, and other documents evidencing purchases made for the period
July 1, 1954, through September 30, 1954. He read the following letter: