Minutes of the Meeting of the Executive Committee of the
Board of Trustees of the University of Kentucky, May 17, 1952.


     The Executive Committee of the University of Kentucky met in
the President's Office at 11:00 a.m., Saturday, May 17, 1952,
The following members were present: Guy A. Huguelet, Chairman;
J. C. Everett, Harper Gatton, and R. P. Hobson.    Absent:  H. D.
Palmore.   President Donovan and Secretary Frank D. Peterson met
with the Committee.


     A. Approval of Minutes.

     The minutes of the Executive Committee of February 16, 1952,
were approved as published.



     B. Report of the Comptroller.

     The Comptroller made financial report of the operations of the
University for the period July 1, 1951, through April 30, 1952.
He read the summary to the Board.



                                               May 13, 1952


     Dr. H. L. Donovan, President
     University of Kentucky

     My dear President Donovan:

          I submit herewith a balance sheet of University
     funds as of April 30, 1952, together with supporting
     statements of fund and budget operations for the period
     of ten months ended on that date.

          University income realized during the period amounted
     to $7,349,967.72.   This amount was 103.89% of the budget
     estimate of $7,075,063.34.

          General fund expenditures and encumbrances totalled
    $5,788,785.18, which is 80.32% of departmental appropria-
    tions approved in the amount of $7,207,309.83.

          Plant fund expenditures and encumbrances amounted to
    $318,138.60 during the period, or 61.08% of the $520,871.14
    budget estimate.,



     I have listed below information concerning the Student
Loan Fund.