The Executive Committee of State University net in the
President's office on Wednesday, March 25th, 1914. There
were present:  Messrs. C. B. Terrell, T. L. Edelen and R. C.
Stoll. On motion cf Mr. Stoll, Mr. Edelen was made Chairman
pro tem.

     President Barker then read his report, which is as
follows:

                                         March 25, 1914.

Executive Committee
  of the 3oard of Trustees,
    Lexington, Kentuacky.

Gentl emen2

     You have been called in special session today for the
purpose of considering, tentatively, at least, the budget
for next year. This will be submitted to you by Auditor of
Accounts and the Business Agent, and explained.

     Since our last meeting. we have had the misfortune to
lose by death, Mr. Calvin Lenaghan, who, as you remember.
was in the Business Office. A more faithful. upright, con-
scientious servant he institution ever had, and his loss
will be keenly felt by the 3usiness Department of the Univer-
sity.

     We have also in the interim, as you know, had a session
of the General Assembly of the Commonwealth of Kentucky.
that body passed two acts concerning the University: one, to
increase the 6sbmbetship of the Board of Trustees by giving
the ,.lumni representation on the Board; the first electioh
under this act to take place next Decembox; the other was to
require us to fis Cor accounts with the Auditor of Public
Aacounts each month, and if found lawful  he is to give us
a check for the sum total, and also, to make us an advance
of terlper cent to be kept in bank in Lexington to meet our
petty cash needs.

     In addition to the budget, there will be several minor
matters which I Will bring before you and which need not be
set down here with particularity. The University Is in a
prosperous condition, and , so far as I know and believe, its
being conducted in a most successful manner according to our
mean s.

                            Very respectfully submitted,

                                 Renry S. Barker
                                 President


     On motion made, seconded. and unanimously carried, the
following resolution was adopted: