Minutes of the Regular Quarterly Maelting of the Board of
Trustees of the University of Kentucky for Saturday, May 31, 1924.



     The Board of Trustees of the University of Kentucky met in
regular quarterly session in the President's office at the Uni-
versity on Saturday, May 31, 1924, at 11:30 a. m.   The follow-
ing members were present: Governor W. J. Fields, MvcHenry Rhoads,
Lewis Lebus, H. M. Froman, Robert G. Gordon, Richard C. Stoll,
Rainey TU Wells, Frank McKee, W. H. Grady, and J. I. Lyle.
Frank L. MoVey, President of the University, and Wellington Patrick,
Secretary of the Board, were also present.

     The minutes of the April meeting were approved as published.

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



Statement of Income and Expenditures
           Month of May, 1924



Previously
Reported



General Fund Income
  Federal Appropriation
  Vocational Education Board
  General Education Board
  Special Agricultural
  Appropriation
  State Tax
  Interest on Endowment
  Bonds
  Interest on Liberty Bonds
  Student Fees
  Student Fees - Veterans
  Bureau
  Student Fees - Summe r
    sch.ool
  Student Fees - University
    High School
    Student Fees   University
    Extension
  Miscellaneous Rece ipts
  Rentals
      Total



42,750.00
11,979.93
  3,850.00

  15,783.91
367,076.10

  8,644.50
  1, 700.00
  50,293.26

  6,471.36

  13,968.80

  3,198.75

  9,191.45
  2,737.56
, 3,624.00
'541,269.62



Current
Month



EXHIBIT "B"



Fiscal
  Year
  To Date



42,750.00
11,979.93
3,850.00



11,830.46
4,994.77



27,614.37
372,070.87



             8,644.50
             1,700.00
    18.25   50,311.51

    5.06    6,476.42

            13,968.80

            3,198.75

   678.95    9,870.40
 1,151.67    3,889.23
   164.00    3,788.00
18,843.16  560,112.78