xt7x959c648n https://exploreuk.uky.edu/dips/xt7x959c648n/data/mets.xml Lexington, Kentucky University of Kentucky 1951051 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, 1951-05-jun1. text Minutes of the University of Kentucky Board of Trustees, 1951-05-jun1. 1951 2011 true xt7x959c648n section xt7x959c648n 










     Minutes of the Meeting of the Board of Trustees of the Uni-
versity of Kentucky, June 1, 1951.

     The Board of Trustees of the University of Kentucky met in
the President's Office at 10:10 a.m., Friday, June 1, 1951. The
following members were present: Governor Lawrence W. Wetherby,
Chairman; R. P. Hobson, Carl Dempewolfe, Dr. W. M. Coffee, Judge
Harry F. Walters, Guy A. Huguelet, Harper Gatton, Herndon J. Evans,
J. C. Everett, Mrs. Paul G. Blazer, Paul M. Basham, H. D. Palmore,
and J. Woodford Howard.   Absent; Boswell B. Hodgkin and George
M. Cheek.   President Donovan and Secretary Frank D. Peterson met
with the Board.


     A. Approval of Minutes.

     The minutes of the Board of Trustees of April 3, 1951; and
the minutes of the Executive Committee of May 18, 1951, were ap-
proved as published.


     B. Report of the Comptroller.

     The Comptroller made financial report for the period July 1,
1950, to and including April 30, 1951.   He read the following sum-
marized statement and submitted a detailed report to members of
the Board.




 












May 15, 1951



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

My dear Doctor Donovan:

     I submit herewith a balance sheet of University funds as of
April 30, 1951, together with statement covering University fund
transactions for the period of ten months beginning July 1, 1950,
and ended April 30, 1951l

     The income received during the period for general and plant
fund purposes amounted to $7,004,9400ol, Qr 87.5% of the budget
estimate of $7,181,674o51   These figures are as of April 30,
1951   Since printing of the financial report, income received
has been in excess of $200,000.00, therefore the entire budget
estimate of income for the fiscal year has been fully realized0
The current general fund expenditures and encumbrances total
$5,775,585.22 which amount was 78.9% of the departmental appro-
priations of $7,323,471014.   Plant fund expenditures and encum-
brances amount to $724,766-78, or 69.6% of the budget estimate
of $10,1i,014jt47,,

     The unappropriated general plant fund surplus for the
Division of College and Agricultural Experiment Station was
$588,957.65 on April 30, 1951.  The Division of Colleges had
an unappropriated surplus of $338,353-53.   This entire amount,
plus approximately $150,000000, which we anticipate under-
spending in the current budget will be needed to supplement the
estimated income for the ensuing fiscal year.   It should be
realized that we are reducing expenses currently whenever pos-
sible in order to carry forward a balance to approximate
$470,000.00 necessary to offset reduction in estimated income
for the ensuing fiscal year.   The unappropriated surplus con-
sists of the following:

                 Division of  Agr. Exp.   Agr.Exten0
                 Colleges    Station      Division      Total
General Fund   $ 33 ;73 575y-                       3   ------0 -9
Plant Fund       18,270074*                                18,270o74*

Total        $320,082,79   $266163,56       2,711-30    588,957.65



*Temporary Deficit.




 










Other fund balances on April 30, 1951, were as follows:



Restricted Funds
Loan Funds
Endowment Funds
Agency Funds
    Total



                Balance as
  Prin.ipal     to Income
$            $1,810,40973T
  62,797.61      22,315.42
  199,928,18       2,495 19
                 67 003,97
   $2 L,72 97  $192922S7o 92



      Total

   85,1l3-03
   202,423 37
   67,003 .9T
rv. ..........-.............$2,164,14bo71



     The appraised value of the University plant and the net invest-
ment therein is indicated by the following statement:



Land
Buildings
Equipment
Construction in Progress (Journalism
     Building)



Total



Revenue Bonds Outstanding



Net Investment in Plant



$-1,073,218.83
20,356,295-09
  6,780,483,68

    225,000,00

$28,640,217.60



  2,925,500,00

$25,714,717.60



Respectfully submitted,



Frank D. Peterson
Comptroller




 








University of Kentucky
   BALANCE SHEET
As of April 30, 1951


     A S S E T S



Current Funds:
General ^
Cash in Bank
Petty Cash Advs.
State Allotments:
Curreent Year
Prior Year
Revolving Funds
Receivables
Inventories
Deferred Chgs.
Unreal6 Income
   Total Gen.



Division
    of
 Colleges


 $  298,8542o96
      745o00

   121,320o12
   3,994o66
 1,063,017.07
    49231650
  596, 265 o63
  111, 768 620
  189 4100 e10
$ 2,w 339, 5T7 o  



Agricultural
Experiment
Station


$ 111,S324.098


   127,392.61
   1,621 23
   346,712 .24



Agricultural
Extension
Division


$ 117,108276 4


   74 .,491. 02



27,910.00



                  511630
961



   Total


1  527,288o70
       7456o00

   323,203o75
     5,615o89
 1,4099,729o31
     4,231 o50
   6241,175 o63
   111,768o20
   189,911 o 40
T73  b b   38



Restrictedg



Ca.
Pet
Inx



iRtyasAdk      $  802,188 ,20 $
tty Cash Advs, 0      11,9866o00
Testments         688,251o49
Total Restrict $,50_77.         T



Total Cur.



Plant Funds-
Unexpended
6asF Fn Bank
Revolv 6Funds
Receivables
Unreal0 Income
   Total Unex-
   pended



Investment in Plant:
ConstFruction Au-
   thorized



Fixed Assets
   Total-Invest 6
   Total-Plant



Other Funds,
U Cash Yn ank-
Notes Receiv.
Investments
    Total Other
    Funds
    Total Assets



46, 291.99
   2006,00
15 000o00
* T T 4 1T   9



$ 251,8042.79 $ 1,100,284698
                   12,186000
                 703 6251,49



IL =17       T3 76, 4         7775,               ,3905



$    9,7l3-71 $             $             $     9,713071
   264,0242110   150,198692                   49,7123o102

 21239:37 _21239637



$ 2941,977 18 $



225,000 00 t



150,p 198 92



$25,703,64o0 61  2,711,576.99



$



$   225,000,Q00
.28, 415, 217 60



Loan           Endoicment       Agenc


$     2,966 027 $   2,841l 41 $ 52,003 97  $    57,811.65
      6,6246676                                  6,6416o76
  ._               ..75,5Q0o00199,581.96  15,000.00      290Y 81 96

    85,l303 $37                67,003-97  $-35,54)037
            r                   -   ~~~~~~~~~~~359



$   44-5,176,,io




 








University of Kentucky
   BALANCE SHEET
As of April 30, 1951

L I A B I L I T I E S



Agricultural
Experiment
Station



Agricultural
Extension
Division



Current Funds:
General :
Res.?or Encumb,:
Current- Yea
Prior Year
Res for Invent.
Other Liabilities
UnapprooSurplus
Approp .Balance
  Total General T

Restricted:
Outst-andno C1hks. o
RestroBals.
  Total Restr,
  Total Current

Plant Funds:
Unexpended:
      ~ ifor  cumb,:
  Current Year   $
  Prior Year
  Surplus Funds
  Appro .Bals.
  Total Unex-
    pended       $



  193,733,87
  29,210.29
  596,265o63
  111,768,20
  338,353,53
1,120,265.72



$



81,174.63
1,992.45
27,910,00



266,163,56
237,720,42



3 2,3r6Tw771T4  


   5,314o13 $
91_,49711156     61 491.99
150211.25.69   V6 .T491o99
;3s92g,022'o93 $ ib7b24*53o05




114,626o63 $   32,572o52

  18,270 o74*
  1Q8,621.29    117,626.40

  294,977,18 $ 150,198.92



Investment in Plant:
Bonds  asyat- $2,925,500e00 $
Net Invested    23,003.14o.61 2,711 576.99
Total Invest.           6
Total Plant    _            285177-9
                    Loan       Encuowment



  2,711,30
  189,399.78
~192,M.00v


$   84
251 804 79

 443,f915.ob7



$



$  274,908o50
    31,202e74
    624 ',175o63
    111,768.20
    6607,228o39
 1,547,385o92
 $ 5,156,66)9o3


 $    5,31i4.13
 1 810 408 34
$15n   722.7



$  147,199.15

    18,270,74*
    316,247.69-



$    . --- -     445,176.10


$            $ 2,925,500,o00
              25,714 717o60
              2   528.64,3217 60
   ~~~~~$29053 :'7



Other Funds:
BRM' a t-O Prin. $
Bal. as to Inc.
  Total Other
    Funds        I



62,797.61 $ 199,928.18
22,315.42    2,495,19

985,113,03 $202,423,37



Total Liabilities



$ 67,003,97



$  329,729o76
    24 ,810 o61



$6,003,97    $   354540.37

             $34,452,325.92



*Deficito



Division
of
Colleges



Total



emey




 







                      University of Kentucky
STATEMENT OF CHANGES IN UNAPPROPRIATED SURPLUS AND SURPLUS PLANT FUNDS
            For the Current Fiscal Period Which Began
              july 1, 1950, and Ended April 30, 1951

                       Division of  of



Balance, July 1, 1950

Additions:
Proceeds of bond issues
Encumb. Liquidations
Transfers
Estimated Income

       Total Additions
       Total Credits

Deductions:
Transfers
Appropriations
       Total Deductions

Balance, April 30, 1951
*Deficit.



General      Plant
$  5T727 892 f-7. 845.69



  Total
$ 737973061



$            $  153,663-17  $  153,66317
    5J907do17  393,042 1252   398,949.69
    81,of4l133                  81 04Lo33
4,283,807637   202,783-00   4,486,590137

$437',55    87              $-5-  3 ,2X4-56



$            $   78,49i 33  $   78,491o33
4j57lZ430,o26  885 113-79   5,456 544 05


  338,353 53  $ 181270o74*    320,082,79



Agricultural Experiment Station



General



Balance, July 1, 1950

Additions:
Encumb. Liquidations
Transfers
Estimated Income
Overrealized Income
       Total Additions
       Total Credits

Deductions:
Transfers
Appropriations
       Total Deductions



Balance, April 30, 1951



Plant



$ 426,355,15 $   13,00oi69



  Total

$ 439,356.84



4;  1,198.72 $    3,5494,15 $    4,747o87
                139,3498o84   139,349o84
 1,1.36,602o21               1,136,602o21
   34,416.27                   34s4627

 1559b,572.35 '  5,00b     $1,7fi5


$ 139,349.84 $              $ 139,349.84
1 193 058895   155 900.68  1 348 959.63


~_266,163,,56                 266,163-56-




 







                     University of Kentucky
STATEMENT OF CHANGES IN UNAPPROPRIATED SURPLUS AND SURPLUS PLANT FUNDS
            For the Current Fiscal Period Which Began
              July 1, 1950, and Ended April 30, 1951



      Division of Colleges
Agricultural Extension Division
               Genentra!      ant



Balance, July 1, 1950
Additions:
Estimated Income
   Total Additions
   Total Credits
Deductions:
Appropriations
   Total Deductions

Balance, April 30, 1951



31,558481.93



$1,558481.3
P,55bS~4ble93

$   2,711-30



f



Total

$   2,711.30



11458,481.93
. 1,55b,4bi,,93



L-           ; f81j

$             t1,558,481-93
$- _,, b555,4bi,93



$



$   2,711,30



$   2,711-30



r




 







         University of Kentucky
     STATEMENT OF UNREALIZED INCOME
For the Current Fiscal Period Which Began
July 1, 1950, and Ended April 30, 1951


               General Fund



Budget
Estimate



Division of Colleges:
Educational and General:
  State Appropriations
  Federal Grants (through
    the State)
  Student Fees
  Endowment Income
  Sales and Services and
    Rentals
    Subtotal

 Auxiliay Enterprises
 Resc.ence ia-l1S
 Miscellaneous
    Subtotal
    Total-Colleges

Less-Income Allocated to
    Plant



$2,7l4,4OO~oo

   127,617,87
 1,131,515 00
     9,644,50
     4o,200 ,00




$ 337,200.00
   93,414 00
0 430,1b8400



   170,184.00



Realized
to Date


$2, 689,170 o61

   102,388 .47
   997,266,o71
   9, 644 o50

   16,555 60
$3,&L _57-5oU9
    (g94 by)


$ 332 ?,566o20
   116,999o18


   (95 o7%)



Unrealized
Balance


$ 25,229039

25,229.40
134,248.29

  23 644.40
    51.4


$ 4,633.8c
  23,585.18*
$ 1-U,951.-39*



170,1840oo



Net Colleges



$4,283,807,37



$4,0o94,40727
    (95.6760



$189,400o00



Uricultural Experiment Station:
State Appropriat ons       $ 37 6,550,00
Federal Grants (Direct)       310,8r2,21
Sales and Services            449 200.00
    Total-Experiment Sta.


Agricultural Extension Div.:
State Appropriations       $  406,050,00
Federal Grants (Direct)     1,152,431-93
    Total-Agricultural
      Extension            $1,558)148193



Total-General



General Income Allocated
Stores Overhead
    Total-Plant

    Combined Total



$6,978,891 ,51



  Plant Fund
$ T771BT-70


7,181 674i05l



*Realized in excess of estimate.



$ 376,550,00
   308,752.21
   485,716,,27



$ 4o06,050,00
1,P151,920.63

.$1557,970,63

$6,823,396 38



$ 170,1840oo
    1a 359.63

t7 004 940,01
     ( 974o05fi



   2,100.00
   36 516.27*
3          *



     511 30

$    511,,30

$1 5,9 5  . l 3



217239537




 








        University of Kentucky
STATEM:ENT OF DEPARTMENTAL APPROPRIATIONS
For the Current Fiscal Period Which Began
July 1, 1950, and Ended April 30$ 1951

             General Fund



                 Depart,
                 Approp,

Division of Colleges.
AMiii &Ten.Expensez
GenAdm, OffTices $ 228,o099 53
Student Welfare     7,540o88
General Expense    91,278,19



Subtotal



Expendi-
tures



$



176,591o20 $
5 559 688
619413654



3   96 0  $  243,564062 $ 14,537056  _$  68,8i642
                      (737-%1



Instruction & Research;
College of -
Arts & Sdi    $1,363
Engineering      395
Commerce         170
Agr0& Home Ec.   218
Law               66
Education        301
Pharmacy          84
Graduate Scho        9
Univ6 Research     16
Library           239
Univ6Extension    125
Other Activities   25
   Subtotal      3



,682,51
,816097
,334.42
$693676
, 610o 667
,116,26
,67113
,740o33
,992,12
$0536,60
,725 07
340 76
41  4



$1 067,492,70 $
   271, 431o12
   131,626,51
   168,531o19
   54,058,20
   223, 3756 27
   58,874,o33
   8,061,o4
   9,438,,20
   192,672,o97
   93,371090
     8 562-05

%      T- 7. %



35,867635
27,427 o56
  Q81o77
  1,843,,o24
  1,207 , 30
  2,843o45
  6,747 o34
  52o50
  1,180, 16
  3,969 o32
  2, 544 o09
7 956.37



$



260, 322 o 46
96,958o29
37,726 , 14
48,319o33
11,345617
74,897o54
19,049,o46
  1,626o79
  6, 373 o76
42,411o31
29,809,0o8
8 822 34



Operation and Maintenance
       x~~~~~ec . .
 PI PnsceaTlant,     r
 Gen6Approp.       715,829,34
 Special Approps.     70,00000
 Work in Progress      25,000,00
 Gen.Stores,etc,    27 250D 00
    Subtotal       b     7

Auxiliary Enter rises:
Res nceRTall-294,65600
Miscellaneous      93 998072
    Subtotal



Total-Colleges   $471-30,s26



$



$



$



481$336.69 $
12,054.68
7,186,88*



29,731088
2,380-80



$ 209,760,77
Y;  55,564,52
   32, 186 688



     b,177,27*     221,335      5 205 92
_F_        _' $ 3,=4-.3-_ "  



217,832.84 $ 34,202.63
35 510,51  2    .920
           7   039



_tL7 430,67 $193 ,733 87
  2&27 g43        a3



T



42 ,620653
38 449 01



$1,120,265 72



*Negative number.



Approp.
Balances



Encum-
brances



2,715o54
  265 6 60
11,556o42



$



48,792o79
1,715,o40
18.3o8.23



_ , .



I r



-




 








          University of Kentucky
 STATEMENT OF DEPARTMENTAL APPROPRIATIONS
For the Current Fiscal Period Which Began
July 1, 1950, and Ended April 30, 1951


               General Fund

         Depart.     Expendi-    Encum-      Approp.
         Approp.     tures       brances     Balances



Agricultural Experiment Station:



Administration
Agronomy
Animal Husbandry
Animal Pathology
Creamery License
Dairy
Dairy Cattle Im-
  provement
Entomology & Botany
Farm Economics
Feed & Fertilizer
Home Economics
Horticulture
Markets & Rural Fin.
Poultry
Publications & Libr.
Public Service Labs.
Regional Research
Robinson Substation
Rural Sociology
Seed Stocks
West.Ky.Substation
Miscellaneous
Total-Agricultur-a
     Experiment
     Station



-50 0Th1700
186,822.00
94,899o78
59,050,00
12,000,00
43,33500

15,000,00
76,270,00
57,685,00
14o o000 o00
17,100,00
41,980o00
85, 224,0 oO
32,728e00
22,747,17
33,050,00
10,325,00
22,4000oOO
32,242,00
7,000,00
45, 4000 oO
7, 500,00



$ 82,902,75
148,146.15
70,030048
  49,165,09
  9,478,91
  38,749,0o6



11,233,34
60,816,48
44,559,28
97,756,75
10,339 95
34,024,57
57,468,28
28,083o19
8,2920o6
23,503,90
6,762, 64
17,933 1
26,885:84
5,761,67
35,665,12
6 604,68



$14,789,20
4,255,99
15,421o76
    110.24
      7050
    560e53

  1,978.46
    765.12

35,971 ,56

    833.89

  1,307,52
      2,65
    327,04

  1,123o60
    145,44



2,829.10
  745003



x493,058,95      1       81,174,63



$ 52,609o05
  34,419,86
  9,447,54
  9,774.67
  2,513,59
  4,025o41

  1,788,20
  14,688t40
  13,125,o72
  6,271,69
  6,760 .05
  7,121e54
  27,755,72
  3,337o29
  14,452.46
  9,219,06
  3,562,36
  3,342,69
  5,210,72
  1,238,33
  6, 905 o78
     150,29


$237,720.42




 








        University of Kentucky
STATEMENT OF DEPARTMENTAL APPROPRIATIONS
For the Current Fiscal Period Which Began
July 1, 1950, and Ended April 30, 1951


             General Fund



                      Depart.
                      Approp.

Agricultural Extension Division:



'Expendi-
tures



Administration
Agr.Engineering
Agronomy
Animal Husbandry
Clothing
County Agents
Dairy
Farm & Home Conven.
Farm Management
Forestry
Foods
Home Dem. Agents
Home Management
Horticulture
Junior Clubs
Markets
Poultry
Publications
Public Information
Rural Sociology
Miscellaneous
Total-Agricultural
    Extension Div. $1

 Combined Total      7



-7738 o00
18, 8400 oO
34,087 o50
22, 260, o00
12,220,00
719,414,44
21,010,00
  1,300,00
  13,520,o00
  5, 780, 00
  11,500o00
431,030,00
26,660o00
17, 645 o 00
78, 461, 99
13,265,00
21, 90.00
13,850000
16,850,000
  5,100o00
16,370.00



$



45,676.24 $
20,398.24
27,499o30
18,874 o81
  9,674,07
585,469o62
16,183o49
  1,767097
  12,752.22
  8,344 o38
  9,299-13
458,859,21
22,958o01
14,893,24
63,916.20
9,813o72
16,294.02
  6,305.42
15,144141
4, 608,45
   350,00



$   11,651o76
     1, 558o24*
     6,588,20  
     3,385,19
     2,545o93
   133,9414,82
     4,826e51
       267,97*
       767o78-
     2, 5641o38*
     2,200,o87
     27,829,21*
     3,701799
     2,751o76
     14 ,545079
     3,451.28
     5 ,495,98
     7,5441o58
     1,705,59
       491-55
    16,020000



,558,481-93 $1,369,o82415   $  189,399,78

35a 500 676,72    85274    18547 385592



*Negative Number.



Encum-
brances



Approp.
Balances



 __




 








         University of Kentucky
   STATEMENT OF PLANT APPROPRIATIONS
For the Current Fiscal Period Which Began
July 1, 1950, and Ended April 30, 1951

              Plant Funds



Dept.
Approp.



Expendi-
tures



Encum-     Free
brances    Balance



Division of Colleges:

PoWAo First Bond
   Issue
PoWoAo Second Bond
  Issue
Dorm.RevBond Issue
Audit-Fieldhouse
  Issue
Library & Service
  BldgBond Issue
Stadium Rev Bond
  Issue
Dorm.Issue-Rose St.
Journalism Bond Issue
Dicker House Annuity
Fieldhouse
Norwood Hall Fire
  Loss Bal0
Purchase of Land &
  Bldg,
Service Bldg. Constr.
Fine Arts Bldg0
Dairy Center
Journalism
Add. to Col. of
  Education
New Science Bldg0
Dorm.Constr.-Rose St.
Libr. & Service Bldg.
  Clearance
Omicron Delta Kappa
Sprinkler System
DormConst. #1III
Dorm.Const. #II
    Subtotal



$ 37,003,37 $ 3,531.18



17, 078,47
23,019,25

103,053,50

47,130,77

23,630,50
  2,554017
  20,020.00
    363,01
 31,761,,46

 15,911,25

 122,207,96
 4,111,62
 2,031,04
255,356,83

10,800O00
74,500,00



$



17,012o31
  4,024,75

  62,137,50

  39,635,00

  233512,50
  2,548o75
  17,105o00
    132o33
  1,511,19



106,207o96
  1,952,15
  2,031o04
145,667.92


74, 500 o 00



$ 33,472.19



                 66,16
             18,994,50

             40,916,00

             7,495077
                118,00
                  5o42
              2,915o00
                230068
             30,250,.27

             15,911,25

  5,000,00   11,000,00
              2,159,47
102,126,63    7,562.28


7,500.00    3,300,00



8,655,13                              8,655-13
2,550,00   2,550,00
4,443,32                              4,443,32
76,00o0oo   66,286,29                  9,713,71
2, SQ2l     1,520,0(                  1 412 14
           1    i5.3-77




 









        University of Kentucky
   STATEMENT OF PLANT APPROPRIATIONS
For the Current Fiscal Period Which Began
July 1, 1950, and Ended April 30, 1951

              Plant Funds

        Dept.      Expendi-     Encum-
        Approp.    tures        brances



Agricultural Experiment



Station-,



Animal Path. Bldg.
Repairs & New Equip-
ment
West. Kyb Tobacco
Barn
West Ky. Water System
Agr, Engr. Bldg.
Sheep Barns
Brooder House
Miscellaneous
  Subtotal    '     C

  Combined Total    I



    2,390.93 $

    12,809.75

    3,900o00
    6,600.00
    75,000o00
    2,500,00
    15,00000
    37,700,00
$ 155,900.68 T



400,18 $    110,00 $ 1,880,75



4,126.20



202,o52  8,481,03



3, 540,00
6, 400. o00



1,175o38  22,320,00
5,701,76 ; 32,572-52

577g567v63 $147.199,15



    360.00
    200.00
 75,000o00
 2,500.00
 15,00000
 14, 204. 62
$117, 626.40



*316,247 .69



         University of Kentucky
  STATEMENT OF OTHER FUND TRANSACTIONS
For the Current Fiscal Period Which Began
July 1, 1950, and Ended April 30, 1951



Balance
July 191950



Receipts



Disburse-
ments



Balance
April 30,1951



Restricted Funds:
  DiCv of Colleges
  Agr.Exp.Station
  Agr.Ext oDivision
      Subtotal

Loan Fund:
  Principal
  Income
     Subtotal

Endowment Funds:
  PrincipalT~
  Income
    Subtotal

ACenci Fundso
  Balanices  
  Combined Totals



$1401o,510.o02
   98,891.21
   _247,2361v26



$   56,297.61
   20 923.96



$ 198,428.18
     2 298 60



$  80,627,42
$2,106,213.26



$1,986,425c24
   71, 752,30
   104,042.30



$1,890,823.70
   109,a151-52
   99.473 o77



$1,497,111.56
    61,491.99
    251.8o4.79



$    6,5oooo $                  62,797.61
     1 586,34        194.88     22 315.42
   T   867   $      19406M


$    1,500,00 $             $  199,928.18
          325014    ~128-55     -2- 495-19



$  344t,029.46 $35.7,652.91$       6-,o0397
$2.,516,16o.78            3 $2,64948,71
  E        I==~~~~~~~~~~~~~~~~~~~_$.15,2



Free
Balance



.I   --I - -  .  --_ _
         (b9. b7o)



$



1,o,41,o14.47




 









        University of Kentucky
STATEMENT OF STATE AND FEDERAL ALLOTMENTS
For the Current Fiscal Period Which Began
July 1, 1950, and Ended April 30, 1951



                   Allotted
                   to - Date

Division of Colleges



Expendi-   Encum-
tures      brances



State Allotments:
Current Year
Prior Years
  Total

Revolving Funds:
Current Year
Prior Years
  Total



$2, 689, 170.61
    3,9944.66



$2,567,850.49 $ 34,337036 $



86,982:76
_3,994 o 66-



$2,693.. 16527 7._                    _ _


$2,489,443-59   $1,178,24o'13 $242,846j76 $1,o68,356-70
   93 030,o83    77,l932    15s872o65        34 o 94*
       _,47   $1,255,433025 52- 79                     -



Agricultural Exeriment Station



State Allotments:
Current Year     $
Prior Years
  Total          T



Federal Allotments e
  Current Year
  Prior Years
  Total

Revolving Funds'
   ;,,.
 Current Year
 Prior Years
   Total



$



376, 550 O0o
  1 621 o 23
1o       .



308,752 021
    113  7,4



$  249,157o39 $  , y66696
                1 621o23
f7F779-7-739 T    -7_TT58 Z



$



252,686,40 $



$



124,725.65



$  56,o65 o81
   11,326o74



$  872,902.4o    $  378,O21087 $ 71,31042 $     423,57011
   26 , 678o2 02 24I 647To39 1 992o45         38o18
       31g~~~~~~~~~3~6.$ _21bb,2



Agricultural Extension Division



State Allotments,
C Aent  Year
Prior Years
  Total



$  4o6 050 00



$ 40b,05000



$ 331,558.98   $

   $   33 ~ 55 0~ T '



$  74 491.002



$ T74 , 49l_2



Federal Allotments:
te    i 1Year $l,151920Q63
Prior Years          2 711 30
   Total



$1,037,523,17  $



$ 114,397046
    2,711o30
$ -1I7, TOZ T



* Negative Number.



Free
Balance



T 127P,75-65



_ =_



.   2=..    I~



__ ---                                                                                         I




 










    Members of the Board examined the statement and, after some dis-
 cussion, upon motion duly made, seconded and carried, the report was
 authorized received and made a part of the minutes.


    C. Approval of the Budget for 1951-52.

    President Donovan submitted the proposed budget of the Universi-
ty for the fiscal year beginning July 1, 1951 and ending June 30,
1952.   He presented in some detail the estimated unappropriated sur-
plus anticipated for July 1, 1951, and the estimated income, proposed
expenditures and summary of the General Budget as it relates to the
Division of Colleges, Agricultural Experiment Station and Agricultural
Extension Division.   The following statement was presented to the
Board:

                            COMMENTS

                          INTRODUCTION

    The proposed budget of the University of Kentucky for the fiscal
year beginning July 1, 1951 and ending June 30, 1952, consists of
detailed and summary statements of estimated resources to be available
during the year and an estimate of proposed expenditures for the same
period.   The budget is a compilation of departmental estimates and
requests which has been recommended or revised by the various Deans
or other administrative officers and approved by the President.


                         GENERAL BUDGET

Resources:

    Resources to be available during the fiscal year ending June 30,
1952, will consist of the unappropriated surplus on July 1, 1951,
together with state appropriations and other income to be received
during the year from student fees, federal grants, the operation of
Auxiliary Enterprises, and other miscellaneous sources.

The Unappropriated Surplus:

    The unappropriated surplus as of July 1, 1951, should consist
of the unappropriated surplus as of July 1, 1950, less the excess
of expenditures, encumbrances and other charges andaTdjustments
over the income to be realized and other credits during the fiscal
year 1950-51.   A calculation of estimated unappropriated surplus
for the Division of Colleges, Agricultural Experiment Station and
Agricultural Extension Division as of July 1, 1951, follows:




 








Agricultural  Agricultural
Experiment   Extension
Station      Division



Unappro.'Surplus,
July 1, 1951   $ 539,027,92 $  426,355,15 $



2,711.30 $ 968,094,37



Excess of Charges over Credits:
  Chargis:
  Expend. & Enc.$4,480,027.92 $1,137,105.15 $1,561,193.23
  Transfers
  to Plant         80,000.00    139,250,00_



$7, 178,326.30

   2192250.00



Total Charges$4,560,027,92 $1,276,355-15 $1,561,193.23      $7,397,576.30

Credits:
Income       $4,485,0oooo $1,168,80000O $1,558,481.93   $7,212,281093
Encumb0 Liqui-
dations           6,ooo00oo     1900200 _     _   _          71,200.00



Total Credits$4,491,000o00 $1,170.000.00 $1.558.481.93



$7,219,48193



Excess Charg-
es



Estimated Unappro-
priated Surplus,
July 1,1951     1



$   69,027.92 $ 106,355flj5 1



470,000,00 $ 320,000,00 $



2,711,30 $ 178,094,37



t 790.000.00



     The estimate of surplus as of July 1, 1951, is conservative and
is based upon figures available May 1, 1951,   Due to our request to
department heads to reduce expenditures during the last quarter of the
current year, it is very probable that the surplus shown will be in-
creased,   This budget could not have been balanced except through
frugal spending of current appropriations to make possible a large sur-
plus to offset a loss in student fees and Federal government tuition
for the training of Student Veterans,   The number of Veterans enrolled
in the University for the first semester during the past three years
wass



1948-49

1949-50

1950-51



3835

2860

1566



1951-52              500 (estimate)



Division
  of
Colleges



16



Total



__ __.  - I.     . I        I - -.-. - -




 






17



Estimated Income:
    The anticipated general income to be
during the fiscal year 1951-52 amounts to
of the estimate follows:


                              Revised
                              1950-51
Particulars                   Budget



State Appropriations
Federal Grants
Endowment Income
Sales,Services & Rentals
Student Fees
Miscellaneous

     Subtotal

 Auxiliary Enterprises

     Total


Recapitulation

General Fund
  Division of Colleges
  Agr. Experiment station
  Agricultural Extension

     Total - General Fund

  Plant Fund
  Division of Colleges
  Agr. Experiment Station

    Total - Plant Fund

Combined Total



$3,497,000.00
1,590,902,01
    9,644,50
  489,400.00
  1,131,515.00
  32,599.00



received by the University
$6,966,854.69.  A summary



1951-52
Budget

$3,497,000.00
1,582,852.01
     9,644.50
   509,841,13
   893,670.00
   29,042.50



Increase
(Decrease)



  8,050.00)

  20,441.13
(237,845. 00*
  (3,556.50-



$6,751,060.51 $6,522,050.14 ($ 229,010,37)

   430,614o00   444,804.50      14,19o050

$7,181,67451 $6,966,854.64 ($ 214X819.87)




$4,283,807.37 $3,987,119.00 ($ 296,688.37)
1,136,602.21  1,181,593,21      44,991.o00
1,558,481*9   1E4-803          (12,100.00)

$6,978,891.51 $6,715,094.14    *  (263,797.37)


$ 202,783.00 $   251,760.50  $   48,977.50


$ 202,783.00 I  251,76       $   48,977.50

17 1181,674,51 $6,966,854.64 (    214 819.87)



*The actual decrease in student fees as estimated in this budget is
$274,145.00.  The difference is the collection for health and in-
firmary services aggregating $36,300.00 which is included in the above
estimate of student fees.  The fee for health and infirmary services
heretofore was estimated separately and handled in the Restricted
Fund Section.




 






18



     The major change in Estimated Income as compared with the es-
timate for 1950-1951 is a decrease of $274,1J5 in the amount of stu-
dent fees to be received.   This decrease is partially offset by
a net increase in other items and the inclusion of the health and
infirmary fees to make the total decrease, $214,819.87.   The an-
ticipated decline in student fees is due to the decreased enroll-
ment of veterans which will reduce the amount of veterans' tuition
to be received from the Federal Government.

      The estimate of student fees for the fiscal year 1951-1952
is based upon a probable enrollment of 4,500 students including
500 veterans.  Added to the compilation is $100,000 which repre-
sents veterans' fees and tuition receivable in prior year but which
will not be received until the fiscal year 1951-1952.


Proposed ExpendituresB

     Based upon Departmental Requests, the estimated, or proposed
expenditures will amount to $7X41091370700   These recommended De-
partmental Appropriations equitably allocate the available resources
to provide for the essential functions of the University.



The proposed expenditures are shown in the following statement:




 









                                 Revised
                                 1950-51
Particulars                      Budget

Administrative & Gen. Expense, $ 325,918.60
Instruction, Research & Re-
  lated Activities             3,011,371015
Agricultural Exper. Station    1,167,649.17
Agricultural Extension Services 1,558,481.93
Operation & Maint. of Plant      810,829.34
Acquisition of Stores             27,250.00



   1951-52
   Budget

$  350,232.60

2,889,326,00
1,240,219 ,17
1,546,381.93
  768,518o00
    27,250,00



  Increase
  (Decrease)

$ 24,314.00

(122,045.15)
   72,570.00
 ( 12,100:00
 (- 42,311:34)



      Subtotal

Auxiliary Enterprises

      Total - General Fund

*Plant Commitments

      Combined Total


Recapitulation

General Fund:
  Division of Colleges
  Agr. Experiment Station
  Agricultural Extension

  Total - General Fund

*Plant Fund:
  Division of Colleges
  Agr. Experiment Station

  Total - Plant Fund

Total



$6,901,500o19 $6,821,927.70  $( 79,572.49)

   388,654j72    365,492.00   ( 23,162,72)

$7,290,154.91 $7,187,419.70 $(102,735.21)

120289802-59    222,718o00   (806,084,59)

$8,318,957.50 $7,410o137.70    908,819,80




$4,564,023.81 $4,400,818.60 $(163,C05.21)
1,167,649,17 1,240,219-17      72,570.00.
1,558,481,93  1,546,381.93   ( 12,100_00)

$7,290,154.91 $7,187,419.70 $(l02,735.21)


$ 873,001,91 $ 222,718.00    $ (650,283.91)
   155,800.68                _(155_ 800 68

102,8     9   $ 222,718.00  $(806,

$8,318,957.50 $7,41o,137.70  t19   8



*1950-51 Unexpended Balances to be continued.



     All departmental budgets have been decreased, except the Agricul-
tural Experiment Station.   The Administrative and General Expense sec-
tion of the budget herein prepared shows an increase of $24,314.00,
Actually, there is a decrease of $29,716.60 in this section,   The dif-
ference is accounted for through the inclusion of the health and in-
firmary appropriation.   Heretofore, the healt