Minutes of the Regular Quarterly Heeting of the Board of Trus-
tees of the University of Kentucky of December 11, 1934.


     The Board of Trustees of the University of Kentucky met in
President McVeyts office at the University of Kentucky December 11,
at 10:30 a. m., that being the date of the regular  quarterly meet-
ing,   The members of the Committee present were Governor Ruby Laf-
foon, chairman; Judge R. 0. Stoll, M1iller Holland, Dr. George Wil-
son, G. C. Wells, Robert G. Gordon, James R. Rash, Eugene Flowers,
Commissioner of Agriculture; W. A. Hanna, Louis Hillenmeyer and
J. B. Andrews.   This was the first meeting attended by Hr. Hanna,
who was appointed to membership 3rd day of 1ecember, 1934.


     1. Minutes Approved.

     The minutes of the regular meeting of the Board of Trustees of
September 18, 1934, were approved as Dublished.    The minutes of
the meeting of the Executive Committee of October 23, 1934, were
approved as published.


     2. Financial Report.

     The Business Agent filed a statement of condition of finances
as of October 31, 1934, and a statement of condition of finances
as of November 30, 1934.   These statements were received, and the
statement of condition of finances as of November 30, 1934, was
ordered inserted in the minutes of this meeting,


                                              EXHIBIT "B"


             Statement of Income and Expenditures
                    Month of November 10D34

                                                            Fiscal
                               Previously     Current       Year
                               Reported       Month         To Date

General Fund Income
  Federal Appropriation         7,125.00       7,125.00   14,250.00
  Interest on EndowBonds        2,162.50                   2,162.50
  Interest on Lib.Loan Bonds      850.00                     850.00
  Vocational Education Board     3,634.28      4,258,69     7,892,97
  State Appro.-Back Salaries   71,100,00                  71,100.00
  State Appro.-Repairs to
      Buildings                                  276.42      276.42