Minutes of the Executive Committee of the Board of Trustees
for Friday, January 27, 1928.


     The Executive Committee of the Board of Trustees of the
University of Kentucky met in regular monthly session at the
President's Office at the University of Kentucky on Friday,
January 27, 1928, at 11:30 a. me  The following members were
present: Senator Richard P. Ernst, Judge R. C. Stoll, Mr. Rob-
ert G. Gordon, and Mr. H. MA. Froman.  Meeting with the Com-
mittee were President Frank L. McVey and Wellington Patrick,
Secretary of the Bcard.

     The minutes of the previous meeting of the Executive Com-
mittee were approved as published.  The minutes of the Board
of Trustees for the December meeting were approved with the
following corrections: Professor T.- T. Jones to be granted
leave of absence on full pay for the first semester 1928-1929.

     Professor Enoch Grehan to be granted sabbatical leave of
absence for the second semester 1928-1929 on full pay.

     The December minutes of the Board are corrected, also,
to show that Mr. E. M. Johnson, Assistant Plant Pathologist
at the Experiment Station, be granted sabbatical leave of
absence from October 20, 1928, to March 20, 1929, instead of
Mr. E. C. Johnson.


     1. Report of the Business Agent,  The report of the Bus-
iness Agent was received and read and ordered incorporated
in the minutes.  The report was as follows:


                                           EXHIBIT 11BI


            Statement of Income and Expenditures
                    Month of December 1927

                                                            Fiscal
                                    Previously   Current   Year
                                    Reported     Month     To Date

General Fund Income
   Federal Appropriation            42,750.00             42,750.00
   Vocational Education Board                    64031.24  67031.24
   State Appro, - Girls' Dormitory  75,000.00             75,000.00
   State Tax                       301,049.09   83,583.7934 ,637.88
   Interest on Liberty Loan Bonds      850.00                850.00
   Interest on Endowment Bonds       4,322.25              4,322,25