xt7s4m91911q https://exploreuk.uky.edu/dips/xt7s4m91911q/data/mets.xml Lexington, Kentucky University of Kentucky 19320210 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, 1932-02-feb10-ec. text Minutes of the University of Kentucky Board of Trustees, 1932-02-feb10-ec. 1932 2011 true xt7s4m91911q section xt7s4m91911q
Minutes of the regular meeting of the Executive Committee
of the Board of Trustees of the University of Kentucky for Wed-
nesday, February 10, 1932.
The Executive Committee of the Board of Trustees met in
regular monthly meeting in the President' s office at the Uni-
versity on wednesday, February 10, 1932. The following members
were present: Judge R. C. Stoll, MIr. E. B. Webb, Mr. Joe B.
Lndirews. Meeting with the Board were Frank L. AcVey, President
of the University, and Wellington Patrick, Secretary to the
Board.
The following business was transacted:
( 1 ) Minutes of the University Executive Committee for Jan-
uary 13, 1933, were approved as published.
(2) Settlement of the .lright Estate. The question of the
settlement of the inheritance tax of the -right Estate was dis-
cussed. President McVey stated an attempt would be made to set-
tle the matter as soon as possible.
(3) Insurance. A communication from Klair and Scott was
read requesting the University to have the buildings revalued
for the purpose of-insurance. A committee consisting of Doctor
MDcVey, Mr. E. B. WTebb and Mr. Peak was appointed for the purpose
of placing an evaluation on the buildings and contents with pow-
er. act regarding the placing of insurance.
(4) Report of Campus Bookstore. A report of the Campus
Bookstore was received and read and ordered filed.
(5) Non-residence Students. President HcVey submitted to
the Board a statement regarding non-resident students at the
University, which he had prepared in compliance with the request
of the State Legislature for information regarding students out
of the State attending the University. The statement was con-
sidered; and a motion was made, seconded, and carried authoriz-
ing the President to furnish the General Assembly with the in-
formation called for.
(6) Report of the Business Agent. The report of the Busi-
ness Agent was received and ordered incorporated in the i'inutes.
The report was as follows:
2.
EXHIBIT "B"
Statement of Inco.-e and Expenditures
Month of January - 1932
Previously
Reported
Current
1.1onth
Fiscal
Year
To Date
General Fund Income
Federal Appropriation 4-,,750.00
Vocational Ed. Bd.
State Tax 388, 316. 37
Int. on Liberty Loan
Bonds 850.00
Int. on Endowr.^ent Bonds 41,322.25
Studezt Fees 76, 641.98
Student Fees - Sum.Sch.463 84 4.15
Student Fees - U. H. S. 6,430.00
Student Fees - El. Tr.
School 7,706.05
Student Fees - Un. Ext. 16,34-7.29
Miscellaneous Receipts 25, 834. 27
Special Agr. Appro.
Re -tals 1,902.40
Mlen's Dormitori es 12,171.08
Total 620, 1N15.8a
5,879. 62
157,971. 34
1 .-.L35. IA-
32000.00
1 , 695. 00
2 516. 35
723. 01
2 253. 26
371. 50
7 158. 75
176,003.97
42,750.00
5, 879. 62
56, 287. 71
850. 00
4,- 322.25
78,.077. 12
4-6 8441--. 15
9 4 30.00
9,4 Q01. 05
18 , 863. 64
061557. 28
2,253.26
2,273.90
12,329.83
796, 119. 8a
Expenditures
Instruction
Adn. Exp. & Maint.
Add. & Betterments
Total
461,929.96
226, 354. 66
95, 500.29
783, 874. 91
1021, 167.68
23,468. 37
10364 87.169
-136-,583. 74
564, 397. 64
2,I9, 823.03
106 237.98
9 20 1,58. 65
Excess of Expenditures
ever Income (1632 759. 07)
(124,' 338. 84 )
Patterson Hall Incorme
Board
IMiscellaneous Rec.
Room Rent - Suri.Sch.
Total
33,730.48
154:. 35
4, 777. 75
38 662.58
152. 50
152. 50
33,882.98
154. 35
3, 777. 75
38.815. G8
3.
Expenditures
Expense
Additions and Bet-
teryients
Tot,
23* 621l11 6, 3416.29 29, 967.0
8,844. 25
al. 32,165.36
8_8__ 8,844.25
6F 34 6. 29 38, 811. 65
Excess of Income over
Expenditures
6,197.22 (6312v3.79) 3.43
General Fund Incom.e
General Fund Expend.
Excess of General Iund
Expenditures over In-
coirle
658, 778. -2
816. 34.0. 27
1761156.47
14.2 930. 03
83, 934.89
959. 270.30
(157 561.85) 33, 226.44, ( 2 335.41)
Excess of Receipts cr Ex-
penditures for General
Ledger Accounts 314-,843.35
:Excess of Receipts over
Expenditures for the
fiscal year to date -
General Fund 157,281.50
Excess of Receipts over
Expenditures for the fis-
ca-l year to date - General
Fun d
Cash in Bank July 1, 1931 -
General Thind
Cash in Bank January 31, 1932 -
General Fund
Trust Fund Income
Student Loan Fund 1,293.28
Student Notes Paid 2,532e15
Total Receipts 3,825.43
(2,752-31) 312,09-1.04
30 ,4 7 4'. 13 187,755.63
187,755.63
(107,858.56)
79.897.07
90.01
225.00
315.01
1,383.29
2,757.15
4. Ili-. 11-
Expenditures
Expense
Student Notes
Total
Excess of Receipts over
Expenditures
339.05
2,851.00
3,190.05
635.38
48,52
701.00
387.57
3.552.00
749.52 3 939.57
(4-34. 51) 200.87
Excess of Receipts over
Expenditures for the
fiscal year to date --
Trust Fund
Cash in Bankc July 1, 1931
- Trubt Fund
Cash in Bank January 31,
1932 -- Trust Fund
Experimient Station Income
Hatch - Federal Appro.
liilk and Butter - Cash
Receipts
Beef Cattle Sales
Dairy Cattle Sales
Sheep Sales
Swine Sales
Poultry Sales
Farm Produce Sales
Horticultural Sales
Seed Test
Rentals
.4iscellaneous
Fertilizer - Fees
Public Service - St. Ap.
Public Service - Misc.
Feeding Stuffs - Fees
Adams - Fed. Appro.
Serum - Sales
Serum - Virus Sales
Serum, - Supply Sales
SerUm - Misc. Receipts
State Appropriation
Creamery - License Fees
Creamery - Testers Lic.
Creamery - Glassware
Tested
Robinson - State Appro.
Robinson -.isc. Rec.
W. Ky. - State Appro.
*J. Ky. - Misc. Rec.
Purnell -Fed. Appro.
State Appro. - Patterson
Farm Purchase
Nursery Inspection-
Fees
Nursery Inspection
State Appro.
Poultry Improvement
Cream Grading
Blood Test
Total
7,500.00
6,335.24
752.70
116.03
305. 32
436. 89
1s 644,95
475.19
1,074.05
19.00
2,906.02
1, 915. 38
4,830.00
3, 666.66
38.60
.7, 270.85
7,500.00
1, 758.43
74.60
73.00
1.41
6,967.84
5, 492. 00
1,712.00
147. 28
3,038.02
500.09
4, 523.88
43. 31
30, 000. 00
25, 000.00
3, 750.00
1, 004.32
282.65
30.00
85.4-2
338.55
579.92
69. 30
107. 67
24 9. 38
742.50
1, 833. 33
1.00
1, 956. 27
3,750.00
208. 50
15. 55
34. 50
52. 00
5,372.19
42. 00
66. 00
3. 68
15, 000. 00
1,255.00 100.00
564.85 118.11
1, 30. 00
4,850.00
913.50
144.932.09
500. 00
106. 50
3 389.34
11 ,250.00
7,339.56
1,035.35
146.03
390. 74
436.89
1, 983.50
1, 055.11
1,143.35
19.00
3,013.609
2,164. 76
5Y572.50
5 499.99,
39.60
19,227.12
11,2 50.00
1,963.93
90.15
107.50
53.41
12, S 340.03
5,534.00
1,768.00
150.96
3,038.02
500.09
4,523.88
43.31
45,000.00
25,000.00
1,355.00
682.96
1, 230.00
5, 350.00
1,020.00
lB1 6-321.43
4.
200.87
1 V4-17. 64L
1 618.51
5.
expenditures
Expense
Additions and Better-
ment s
Total
207,431.09
29,408.62
236, 839.71
1. 599.45 637. 24_ 22236.69
209,030e 54 30,045.86 239,076.40
Excess of Expenditures
over Income
1930-1931 accounts payr-
able liquidated dur-
ing Current Year
(64, 098.45)
(12,223.80)
6,343.48
.(4,277.57)
(57, 754. 97)
(16 3501. 37)
Excess of Expenditures
over Receipts (16,322.25)
Excess of ExDenditures
over Receipts for the
fiscal year to date -
Experiment Station
Cash in Banlk July 31, 1931
- Experiment Station
Cash in Bank January 31,
1932 - Experiment Sta-
tion
2 A 065. 91 (74. 256.34)
(74,256.34)
60,174.95
( 14 S 081 e 39 I
Extension Division Incomne
Federal Smith-Lever
Federal Additional Co-
operative
Federal eupplementary
Federal 0apper-Ketchamn
State Smith-Lever
State Capper-Ketchan
Urban Garden Fund
County and Other
Total
Expenditure
Expense
74,155.27
15,500.00
26,545.87
18,400.59
2,500.00
1.373.53
18 793. 12
3, 920. 07
1,250.00
128. 30
138,475.26 24,091.449
217,433. 12 353076.38
74 , 155. 27
15 500.00
26, 5455.87
18,400. 59
18 , 793. 12
5 ) 920. 07
3 750.00
1, 501.83
162. 566.75
252, 509.50
Excess of Expenditures
over Income (78,95
Excess of Expenditures over
Income for the fiscal year
to date - Extension Diviseion
Cash in Bank July 1, 1931 -
Extension Division
Cash in Bak July 31, 1932 -
Extension Division
( 10. 984.89 )
(89.942.75)
(89, 942. 75)
6,905.79
(83, 03i6. 96)
=
7.86)
- - -
138.475-.26 24.091. 162,566.75
6.
Summary
General Fund Income 6589,778.42
Trust Fund Income 1, 293.28
Experiment Station Inc. 144,932.09
Extension Div. Income 138,475.26
Total 943, 479. 05
176,156.47 834, 934.89
90.01 1 ,383.29
36,389.34 181, 321.43
24 091.49 162. 566.75
236 727.31 1180 20636
General Fund Expenditures
816 340.27
Trust Fund Expenditures 339.05
Experiment Station Exp. 209, 030. 54
Extension Division Exp. 217 433.12
Total 12243 ,142.98
Excess of Expenditures
over tncome (299, 663.93)
1930-1931 Accounts Pay-
able liquidated dur-
ing Current Year (12,223.80)
Excess of Receipts ovet
Expenditures for Gen-
eral Ledger Accounts 3L 843.35
Student Loan Fund - ilotes H318. 85)
Excess of Receipts over
Expenditures for the
fiscal year to date -
Combined Fund 2.636,77
Excess of Rebeipt3 over
Expenditures for the
fiscal year tO date -
Combined tPund
Cash in Banc and on hand
July 31, 1931 - Com-
bined Fund
Cash in Bank and on hand
January 31, 1932 -
Combined Fund
1421,930.03
48.52
30 045.86
35, 076. 38
208,100.79 1 451.24-377
28, 626.52 (271,037.41)
(4,277.57) (16,501.37)
(2 752.31) 312 091.04
- J 476.00) _ 794.85)
959,270.30
387.57
239,1076.40
2 52.509.50i
=1i26 23 5.4
23,757.41
(37 P 360 18i)
(13,602.77)
Abstract of item shown on statement of
Income and Expenditures as "Excess of
Receipts over ExPeenditures for General
Ledger accounts $312,091.04"
Debit Credit
Accounts Receivable
Insurance Paid in Adva.nce
32, 524.19
3, 706.13
Sundry Accounts
Motes Payable
3,706.13
3, 272.98
275, 000.00
315, 797.17
3,)706.13
312, 091.04
nl.'120. 64
23.- 757.41
7.
7. Funds for Pr-inceton Sub-station. The following letter
from Dean Cooper regarding the funds deposited in the local banks
in Princeton was read and ordered incorporated in the minutes:
February 4, 1932
President Frank L. Hc'Tey
University of Kentucky
Dear President HcVeyi
tinder a resolution of the Board of Trustees,
income from the w7estern Kentucky Substation has been
deposited in the local banks at Princeton& On account
of a run on the Farmers ' Yational Bank there, the two
bankcs have joined in placing a restriction on the with-
drawal of funds and have provided that not more than
five per cent can be withdrawn monthly.
The banks appear to be ill a reasonably strong
asset position, but the cash situation of one has been
jeopardized. The citizens of Princeton are approving
the action of the two banks and accepting the policy
as a sound one temporarily. Deposits made since Jan-
uary will be subject to check without question.
I believe that so long as the situation con-
tinues as it is, we should maintain our deposits and
not attempt their removal. The banks indicate, how-
ever, that in the event the funds are needed, they will,
with a little notice, make the necessary arrangements.
It is reported that during the past three
days deposits have been returning to the bianks.
I ama reporting the situation to you so that
the Board may give such advice as is deemed expedient.
Very truly yours,
Thomas Cooper
Dean and Director
0:G
The matter was discussed; and a motion was made, seconded,
and carried that the Business Agent of the University be direct-
ed to write to the State Banking Commission asking for informa-
tion regarding the solvency of the banks in question.
8. Appointments, Leaves of Absence. and Resignations.
The following appointments, leaves of absence, and resignations
were recommended by President ILoVey; and on motion, duly second-
ed, approved:
Appointment of Miss Katherine Clatson to teach Art in the
Training School for the second semester as part-time instructor
at a stipend of $20.00 a. month.
Continuation of employmeent of Orem taIaster, county agent,
Trimble County, at a salary of $208-1/3 a month, effective Jan-
uary 1 to December 319 1932.
Continuation of employment of R. B. McClure, county agent,
Garrard County, at a salary of $191-2/3 a month, effecti7e Jan-
uary 1 to December 31, 1932.
Continuation of employment of H. A. Laine, colored, county
agents Madison County, at a salary of $83-1/3 a month, effective
April 1 to Illay 31, 19 22
county agent
Continuation of employment of 'S. C. Johnstone,.IcCracken
County, at a salary of .;^245.00 a month, effective January 1 to
December 31, 1932.
Continuation of employment of VI. B. Howell, county agent,
Oldham County, at a salary of$199-16 2/3 a month, effective Jan-
uary 1 to December 31, 1932.
Continuation of employment of M. F. Goff, county agent, Pu-
laski County, at a. salary of p158-1/3 a month, effective January
1 to December 31, 1932.
Continuation of employment of C. ET. Gabbard, county agent,
Morgan County, at a salary of (1~50 a month, e ffective January 7
to December 31, 1932.
Continuation of employment of Harry D. Rice, county agent,
Henry County, at a salary of 1208-1/3 a month, effective January
1 to December 31, 1932.
Continuation of employment of C. L. Goff, county agent,
Rowan County, at a salary of $200 a month, effective January 1
to June 30, 1932.
9.
Continuation of employment of Joe Thompson, county agent,
Bath County, at a salary of ,Q158-l/3 a month, effective January
1 to November 14, 1932.
Continuation of employment of Hiss MLabel McKinsey, home
demonstration agent, McCrackcen County, at a salary of U177.50 a
month, effective January 1 to December 31, 1932.
Continuation of employment of Troll Young, county agent,
Washington County, at a salary of $175 a month, effective January
1 to December 31,, 1932.
Continuation of employment of H. A. Berge, county agent
Gallatin County, at a salary of 4158-1/3 a month, effective san-
uary 1 to November 30, 1932.
Sabbatical leave of absence on half pay for the year 1932-
33 was gr;ated Assistant Professor Blaine 1V. Schick, Department
of Romance Languages, for the purpose of studying on his Ph. D.
degree.
Sabbatical leave of absence on half pay for the yea' 1932-33
was granted Assistant Professor T. I-. Hahn, Physics Department,
for the purpose of studyin; at the University of Chicago.
Leave of absence was granted Hiss Virginia Singleton for
five or six weeks on account of illness.
Sabbatical leave of absence on half pay for the year 1932-
33 was granted MIr. Brinkley Baarnett, Professor in the Department
of Engineering, for the purpose of studying at the California
Institute of Technology.
Resignation of Hi. Aaron Lee, county agent, MoCreary County,
was received and accepted as of December 31, 1931.
The resignation of Mrs. Mildred O'Haver Bell, home demonstra-
tion agent, Payette County, ms received and accepted as of Decem-
ber 31, 1931.
The resignation of Mr. D. B. Redman, county agent in Green
County, was received and accepted as of February 15, 1932.
The resignation of Mr. E. K. Borman, bacteriologist in the
Public Service Laboratories, was received and accepted as of
December 31, 1931. ir. Bormlan is accepting a position as as-
sistant director of public laboratories in HIartord, Connecticut.
On motion, duly seconded, the committee adjourned.
Respectfully submitted,
',7e1lington Patrick, Secretary
Board of Trustees