Minutes of the Meeting of the Executive Committee of the Board
of Trustees, University of Kentucky, INiarch 30, 1943.


     The Executive Committee of the Board of Trustees of the Uni-
versity of Kentucky met in the Presidentts Office at 10:30 a.me,
Tuesday, March 30, 1943t   The following members wtre present:
Judge Richard C. Stoll, H. S. Cleveland, R. P. Hobson, and Hr Do
Palmore.   President H. L. Donovan and Comptroller Frank Di Peterson
were also present.


     A. ApDroval -of inutes0



            lo Upon motion duly made and seconded, the
               minutes of the Lxecutive Committee
               of November 14, 1942, and the minutes of
               the called meetings of the Executive Com-
               mittee of December 12, 1942, and January
               28, 1943, were approved as published.
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     B. ReDort of Comptroller,

     Comptroller Frank D. Peterson submitted financial report for the
period ending February 28, 1943.   He stated that in his opinion it
is safe to predict that the combined income of the University for
the current fiscal year will equal the budget estimate, thus making
it possible to operate the fiscal year with a balanced budgets    He
further stated that there were questions relative to some of the
auxiliary enterprises and activities being able to continue on a
self-supporting basis and suggested that a more detailed financial
analysis of these agencies would be furnished the Board at the
April meeting9

      The Executive Committee spent considerable time examining the
reports manifesting interest.



             2. Upon motion duly made and seconded, the re-
                port was ordered received and approved and
                filed with the records of the minutes of
                the Executive Committee.



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