<pre style="white-space: pre-wrap">xt7mgq6qzt1v https://exploreuk.uky.edu/dips/xt7mgq6qzt1v/data/mets.xml Lexington, Kentucky University of Kentucky 19250210 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, 1925-02-feb10-ec. text Minutes of the University of Kentucky Board of Trustees, 1925-02-feb10-ec. 1925 2011 true xt7mgq6qzt1v section xt7mgq6qzt1v 


     Minutes of the Regular Monthly Meeting of the Executive Com-
rnittee of the Board of Trustees, University of Kentucky, for Tues-
day, February 10, 1925.


     The Executive Committee of the Board of Trustees of the Uni-
versity of Kentucky, met at noon in the office of President McVey,
Tuesday, February 10, 1925, with the following members present:
Judge R. C. Stoll, Senator H. M1. Froman and Superintendent McHenry
Rhoads.   The minutes of the previous meeting were ordered ap-
proved as published.

     Mr. D. H, Peak, Business Agent, made the following financial
report which was received and ordered spread upon the minutes:

                                        February 10, 1925

   President Frank L. McVey
   University of Kentucky

   Dear President McVey:

   I am submitting herewith financial report for the month of
   January, 1925.   After February 1, we collected from State
   Treasurer, $241,635.84, State tax collected by State Auditor
   in January, making the total received by the University from
   State tax, $479,513.62.   You will note that the report shows
   $4,999.36 collected from State Board of Vocational Educa-
   tion.  A like amount was paid by warrant which is being
   held by the University Treasurer subject to sale when needed.

   Registration collections are as follows:

               Fees....             $38,962.00
               Chemistry charges         91.54
               Student Activities     9,160.00
               Senior Class dues      1,967.00
               Class dues ........      143.00
                    Total ........   50,323.54

   I estimate 'that total registration collections will finally
   amount to nearly $52,000, making the total in fees approxi-
   mately $40 000.

   Since my last report on the Greater Kentucky Campaign Fund,
   we have collected an amount sufficient to pay Louis des
   Cognets Company the balance due on the stadium, $1,924.12,
   and to pay $4,000 on the notes executed to that company,
   leaving now in the treasurer's hands a balance of $607.35.

   Very truly yours,
   D. H. Peak
   Business Agent


                               EXktiBIT "Bit

Statement of Income and Expenditures
      Month of January 1925


                            Previously
                            Reported
General Fund Income
  Federal Appropriation      42,750.00
  Vocational Educa. Board
  Gene:-al Educa, Board       2,050.00
  Special Agri, Appro.      16,028.26
  State Tax                128,235.12
  Int. on Liberty Bonds        850.00
  Int. on Endowment Bonds    4,322,25
  Chemistry Bldg. Find (Int.
      on Bingham Tax)         5,636.67
  Student Fees               42,572.29
  Student Fees - Summer Sch, 18,032.00
  Student Fees - Vet. Bureau    411,38
  Student Fees - Univ. H. S. 2,100.00
  Student Fees - Univ. Ext.   5,366.02
  MDis cellaneous             1,290.78
  Rentals                     2,751.00
        Total                272,395-77

Expend ituxres
   Instruction              222,711,64
   Administration Expense     66,938.18
   Additions & Betterments    11,028.04
        Total                300,677.86


Current
Month


Fiscal
Year
To Date


             42, 750.00
  4.999.36   4,999.36
    900.00    2,950.00
             16,028.26
109,642.66 237;877.78
                850.00
  4,322.25    8,644.50

              5,636.67
  8,355.52   50,927.81
             18,032.00
      8.96      420.34
  1,435.00    3,535.00
  3,278,20    8,642.22
    607, 49   1,898.27
    178,00    2,929.00
133,725.44  406,121.21


51,236.60
15,118.20
1,209.91
67,564.71


273,948.24
82,056.38
12,237.95
368,242.57


  Excess of Inc. over Exp.

Patterson Hall Income
  Board
  Room Rent - Summer Sch.
        Total


(28,282.09) 66,160,73


23,428.67
2,192.85
25,621- 52


37,878,.64


1,620.00   25,048.67
       _ _  2 .192.85
1,620.00  27,241.52


Expenditures
   Expense
   Additions & Betterments
        Total


Excess of Inc. over Ex'p.


19,883,72
1 056.40
20-940,12


4.681.40   (2.645.19)   2!036.21


General Fund Income
General Fund Expenditures
   Excess of General Fund
      Inc. over Exp.
  Excess of Reo. over Exp-.
      for Gen, Ledger Acot.


298,017. 29
321,617.98


135,345.44 433,362.73
71,829,90  393,447.88


(23,600.69)  63,515,.54  39,914.85

1314473-77 (:29,747.67)   1,726-.10


4,053.49
  211.70
4,265619


25,937,21
,1 .268.10
25,205.31


3.


Excess of Roc. over Exp. for
   fiscal vear to date  --
   General Fund           107 873.08  t66,232.13) 41,640.95
Exeoss of Roc. ovor Exp for the
   fiscal year to date --
   General Fund                                    41, 640.95
Cash in Bank July 1, 1924 - General Fund         (105,1376,62)
Cash in Bank Janr. 31, 1925 - Genaral Fund       * 63,735. 67.)


Trust Fund Income
   Student Loan Fund
   Civilian Rchabil. Fund
        Total Income
   Student Notes Paid
        Total Receipts
Expenditures
   Expense
   Student Yotes
   Notes Payable
        Total


2, 717.35
135.40
2,852.75
2, 523 50
5 ,376.25

  179.40
3, 878.00
2,000.00
6,057.40


   149.01

   149.01
   1 ,515.00
- 1,664.01


2,866.36
135.40
3,001.76
4,038. 50
7,040. 26


            179.40
550.00    4,428.00
   _______ _  2,000.00
550.00   66,607.40


Excess of Rec. over Exp.     (681.15)   1,114.01
Excess of Rec. over Exp. for
    fiscal year to date - Trust Fund
 Cash in Bank July 1, 1924 - Trust Fund
..Cash in Bank Jan. 31, 1925 - Trust Fund


Experiment Station Income
   Hatch - Federal Appro.
   Milk & Butter - Cash Rec.
   Beef Cattl4 Sales
   Dairy Cattle Sales
   Sheep Sales
   Swine Sales
   Poultry Sales
   Farm Produce Sales
   Horticultural Sales
   Seed Test
   Renatis
   Mis cellaneous
   Fertilizer - Fees
   Public Service - St. Appro.
             1 11  -  Misc.
   Feeding Stuffs - Fees
   Adams - Federal Appro.
   Serum Sales
     " - Virus Sales
     " - Supply Sales
     it - Misoellaneous
   State Appropriation


7,500.00
6,395.23
1,197.51
  232.47
  863.37
1,203.10
1,360.08
2, 690.62
1,320.25
  104.00
  933.00
  570.50
7,492.25
7,500.00
  120. 85
23,456.58
7,500.00
1,642.44
   89.35
   39.65
   73.80
35,898.27


3, 750.00
1,319.64
   99. 54

   98.00

   293.61
   130.42
   17.55
   7.00
2,143.67
    4.50
3,190.00
1,500.00

4,505. 50
3, 750.00
  393.33
  17.75
    6.00
    9.09
6,822.74


11,250.00
7,714.87
1,297 05
   232.47
   961.37
 1,203.10
 1,653. 69
 2,821.04
 1,337.80
   111.00
 3,076.67
   575.10
10,682.25
9,000.00
   120.85
27,962.08
11,250.00
2,035.77
   107.10
   45.65
   82.89
42,721.01


432.86

432,86
689.64
1,122.50


4,


Creamery - License Fees    3,015.50
    It  - Testers Liceases 1,119.50
    ti  - Glassware Tested  313. 82
Robinson - St. Appro.       8,900.53
     Total                121,532.77


Expenditure 6
  Expense
  Additions & Betterments
        Total


    9.00
    38.00
    18.89
3,620.41
31,744.64


131,087.34   23,183.00
  8,370.62    1,221.92
139,457.96   24,404.92


Excess of Exp. over Inc. (174925.19) _ 7.339.72
Excess of. Exp. over Inc. for
   fiacal year to date - Exp. Sta.
Cash in Bank July 1, 1924 - Exp. Sta.
Cash in Bank Jan. 31, 1925 - Exp. Sta.


  3,024.50
  1,157,50
    332.71
 12.520,d94
153, 277 .141


154,270.34
  9M,92.;54
163 ,862 88

(10 ,585J47)

(10,585.47)
31,190.86
20 ,605.39


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


76,120.65
22,550.46
60,756.24
  1,572.83
161,000.18


11,855.72
1.300. 00
13,155.72


76,120.65
22,550.46
72,611.96
  2,872.83
174,155.90


Expenditures
  Expense


162, 653.58  29,278.95


Excess of Exp. over Inc.   (1,653.40) (16.123.33)
Excess of Exp. over Inc. for
   fiscal year to date - Ext. Div.
Cash in Bank July 1, 1924-- Ext. Div .
Cash in Bank Jan. 31, 1925 - Ext. Div.


191,932.53

(17 .776.63)

(17,776.63)
  1.352.61
16, 424.02)


Summary
  General Fund Income
  Trust Fund Income
  Exp. Sta. Income
  Ext. Div. Income
        Total


298,017.. 29
  2,852.75
121,532.77
161.000 .18
583,402.99


135,345.44
    149.01
 31,744.64
 13,155.72
 180,394.81.


433,362.73
  3 , 001. 76
153,277.41
174,155. 90
763,797.80


General Fund Exp.
Trust Fund Exp.
Exp. Sta. Expenditures
Ext. Div. Exp.
     Total


321,617.98   71,829.90 393,447.88
    179.40                  179.40
139,457.96   24,404.92 163,862.388
162,653.58' 29 278.95 191,932.53
623,908.92 125,513.77 . 749.422.69


Excess of Inc. over Exp.  (40,505.93) 54,881.04
Exoess of Exp. over Reo. for
   Gen. Le4. Acot.        128.119.27 (128.782.67


  14,375 .11

)    (663.40)


5'


Excess of Rec. over Exp. for
   fiscal year to date --
   Combined Fund          87,613.34   (732901.63) 13,711.71
Excess of Rec. over Exp. for
   fiscal year to date -- Combined Fund            13,711.71
Cash in Bank anr on hand July 1, 1924 -
   Combined Fund                                  (70.643.51
Cash in Bank and on hand Jan. 31, 1925 -
   Combined Fund                                  (56.933,80


)


                                                          )
    Abstract of item shown on Statement of Income and
Expenditures as "Excess of Expenditures over Receipts for
General Ledger Accounts $663.4- . "


Accounts Receivable
Insurance Paid in Advance
Notes Payable
Sundry Accounts
Student Notes


Deb it


259.40
2,000.00
5,957 .65
  389.50
8,606.55
7.943.15
  663.46


Credit

7,943,15


7,943 .15


     President MoVey stated to the Executive Committee that it was
possible that Professor Walter K. Patterson would deed to the Uni-
versity a certain plot of ground belonging to him, and lying south
of Patterson Hall, 160 x 100 feet.

     Upon motion duly seconded, a resolution was adopted a.uthoriz-
ing the President and Business Agent of the University to take up
with Professor Patterson the matter of taking over the property,
with full power to act.

     President MoVoy reported to the Committee that he had received
the following letter from D. H. Peak, Business Agents which is self-
explanatory:

                                        February 10, 1925
   President Frank L. McVey
   Universitv of Kentucky

   Dear President McVey:

   At your request, I consulted with B. J. Treaoy in regard to
   the Fugazzi property on Winslow Street.   Mr. Treacy told me
   that he thought the lots, exclusive of buildings, would be
   worth, according to values of property in that locality,
   $5,000 or $6,000.


6-


  Yesterday, at your request, I asked him to see Mr. Fugazzi
  in regard to the purchase of the property.    This morning
  Mr. Treacy reported that Mr. Fugazzi stated that he had re-
  fused an offer of $12,000 for the property.    Mr. Treaoy
  asked him if he would not consider selling the property to
  the University and removing the houses therefrom.    Mr.
  Fugazzi replied that he could not do that, and that he pre-
  ferred to hold the property.

  Very truly yours,
  D. H. Peak
  Business Agent

     After a d-iscussion of the foregoing statement made by Mr.
Peak, President MficVey recommended that the University Attorney,
Pelham Johnston, be authorized to proceed with condemnation pro-
csodings to procure title to the Fugazzi property in question.

     Mr. Rhoads moved that Attorney Johnston be authorized to
proceed at once with suit for condemnation.    This motion was
seconded and the resolution adopted.

     President McVey reported that he had received a letter from
Dean Thomas P. Cooner, Director of the Experiment Station, asking
for permission to execute for the forthcoming year, a lease on
what is known as the Patterson land on South Limestone now being
used for Experiment Station purposes.

     President MoVey recommended that Dean Cooper's request be
granted.   On motion duly seconded this recommendation was approved.

     President McVoy submitted the following letter from Dean T.
P. Cooper of the Experiment Station:


                                         January 6, 1925

   President F. L. McVey
   University of Kentucky

   Dear President MoVey:

   I wish to ask your permission to proceed, at such time as
   funds permit and the conditions on the farm are advisable,
   with the construction of the following buildings on the
   Western Kentucky Sub Experiment Station:

   1. Poultry house.   2. Mule barn.   3. Dairy barn.

   We shall probably desire to have this construction done by


7.


   day labor, although it may be thcft we shall wrish to let a
   contract to soma of the Princeton firms.

   A-lo, I wish to inform you of the completion of a combination
   barn at the Robinson Sub Experiment Station.  This has bean
   oonst-uctad out of old material or, the place and the cost
   is only that of labor and hardware.

   Very truly -ours,
   Thomas P. Cooper
   Dean and Director

     Upon motion of Senator Froman, seconded by Mr. Rhoads, it
roso].ution was adopted aut-horizing Dean Cooper to proceed in ac-
coordance with the reconimnm-dations set out in the foregoing letter,
at an expense not to exceed $3,OO0.

     Provsident McVe-,7 announced that he had received from A. 0.
Whipple, zhen in Seattle, a, telegram offering his resignation as
Sucrintendent of Buildings and Grounds for the University of Ken-
tu0'1.1y and requesting that the same take effect as of February 1,
lcj25.

     President MoVey recomnamended that the resignation of Superin-
tendent Whipple be accepted, rand that M-aury J. Crutcher be ap-
pointed to that office.   Upon motion duly seconded the President's
recommendation was adopted.

     President McVey then announced that he was in possession of
certain bids by contractors on work of construction of the new
chemistrv building.

     Ona niotion of tMr. Rhoads, seconded by Mr. Froman, and adopted
by the Committee, the opening of bids was then proceeded .with.

     After a brief discussion of the same, Chairman Stoll moved
that the Superintendent of Buildings and Grounds be authorized to
tabulate these bids and that the Board fix another day for final
consideration of them.   This motion was adopted.

     Mr. Stoll suggested that the bids on the chemistry building
be turn ed over at once to the new Superintendent of Buildings and
Grounds for tabulation.

     The Committee adjourned to meet Thursday, February 12.

                                              Enoch Grehan
                                                Siecretary


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