<pre style="white-space: pre-wrap">xt718911p08k https://exploreuk.uky.edu/dips/xt718911p08k/data/mets.xml Lexington, Kentucky University of Kentucky 19270918 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, 1927-09-oct18-ec. text Minutes of the University of Kentucky Board of Trustees, 1927-09-oct18-ec. 1927 2011 true xt718911p08k section xt718911p08k 


     Minutes of the regular monthly meeting of the Executive Ooa-
mittee of the Board of Trustees of the University of Kentucky,
Tuesday, October 18, 1927.


     The Executive Committee of the Board of Trustees of the
University of Kentucky met in regular monthly session Tuesday,
October 18, 1927 in the President's office at the University at
11:30 a. me   The following persons were present:  Judge R. 0.
Stoll and Mr. McKee as members.  Frank L. McVey, President of
the University,and Wellington Patrick, Secretary of the Board
of Trustees, were also present.

     The minutes of the previous meeting were approved and pub-
lished.

     1. Report of the Business Agent    The report of the Busi-
ness Agent was received and ordered filed.

                                         EXHIBIT "B"
              Statement of Income and Expenditures
                     Month of October 1927


General Fund Income
  Federal Appropriation
  State Appropriation Girls'Dorm
  State Tax
  Interest on Liberty Loan Bonds
  Interest on Endowment Bonds
  Student Fees
  Student Fees - Summer School
  Student Fees - Univ.High Sch.
  Student Fees - Univ. Exten.
  Miscellaneous Receipts
  Rentals.
                    Total


Previously   Current
Reported     Month


42,750.00
75,000.00
97,071.72


137,6$2.1I
    850.00


4,322.25
51,606.32   5S344.67
30,662.25     (14.20)
1,840.00      65.00
2,464.52   2,136.67
1,721.45     583.08
4 168.66     189.50
311,607.17 146,846.82


Fiscal
Year
To Date

42,750.00
75,000.00
.234,763.82
    850.00
  4, 322.25
  56,950.99
  30,648.05
  1,905.00
  4,601.19
  2,304.53
  4,358.16
458,453.99


2.


Expenditures
   Instruction                  143,787.92
   Administration Expense sand
   '{aintenance                 58,632.11
   Additions and Betterments      2,764 .08
                Total           231,184,11

   Excess of Income over Exp4    80,423.06

Patterson Hall Income
   Board                          15,610.00
   Room Rent - Summer School       4,000.50
               Total             19,610.50

Expenditures
   Expense                        10,264.33
   Additions and Betterments         183.70
               Total             10,448.03

   Excess of Income over Exp.      9,162.47

Gencral Fund Iiicome             331,217,67
Gencral Fund ExpcnditurTs        241,632.14

   Excess of General Fund Income
   ovor Expenditures             89,585.53

   Excess of Receipts over Exp.
   General Ledger Accounts       34,918.88

   Excess of Receipts over Exp,
   for the fiscal year to date
   - General Fund                4,504.41


63,497.69

19,371.64
8, 198.2q5
91,067.58

55,779.24


   308.07

   308.07


 6,360.60

 j6,3560

_(6,052.53)

147; 154.89
97.428.18

49,726.71


(6,888.90)


207, 285.61

78,003.75
36,962.33
322;.51 D69

136,202*30


15,918.07
  4,000.50
  19,918.57


  16,6;4.93
    183.70
 16,808.63

 3,109.94

 478,372 056
 339,060.32

 139, 312.24


 28,029.98


42,637'81.- 167,342.22


Excess of Receipts over Exp.
for the fiscal year to
date - General Fund
Cash in Bank July 1, 1927 -
General Fund
Cash in Bank, Oct. 31 1927 - General Fund


167, 342.22

(70, 916,21)
96,426.01


Trust Fund Income
   Student Loan Fund
   Student Notes Paid
       Total Receipts


1,186.38
__L335.45
4, 321.83


  169.54
1.299.60
1,465.54


1,352.32
4,135.05
5,487.37


3.


Expenditures
   Expense
   Student Notes
       Total

   Excess of Receipts over
   EXpenditure s
   Excess of Receipts over
   Expenditures for the
   fiscal year to date -
   Trust Fund
   Cash in Bank July 1,1927
   - Trust Fund
   Cash in Bank Oct. 31,1927
   - Trust Fund


  146.31
1,840. 00
1 -986. 31


49.00     195.31
790.00   2,630.00
839. 0 0.S


2 035) 52   626.54   2,662.06


                     2,662.06

                     1,152.22

                     3,814.28


Experiment Station Innome
   Hatch - Federal Appro..
   Milk and Butter - Cash


..2,750.00


Receipts                   3,670.54
Beef Cattle Sales           3,411.96
Dairy Cattle Sales             40,00
Sheep Sales                   532.10
Sw ine Sales                   75.02
Poultry Sales                 533.18
Farm Produce Sales          1,271.82
Horticultural Sales            88.30
Seed Test                      46.28
Rentals                       399.06
Miscellaneous                  85.77
Fertilizer - Fees           5,776.75
Feeding Stuffs - Fees      13,446.46
Adams - Fed. Appro.         3,750.00
Seru= - Sales               3,138e48
Serum - Virus Sales            96.80
Serum- Supply Sales            68.80
Serum - Miscellaneous             .88
Creamery - License Fees     5,684.00
Creamery - Testers License  1,738.00
Creamery - Glassware Tested   415.77
Purnell - Federal Appro.   10 000.00
        Total                 6-


Expenditures
   Expense
   Additions & Betterments
           Total


3,750.00

1,1291.05
  341.03
  475.00
  75.00
  712.63
  234.35
  988.56
  103.35
  45.00
  75.67
1,383. 27
1I,416,25
6,340.50
3 750.00
  639.71
    23.90
    16.25
    23. 50
    145.00
    142.00
    95.57
10,000.00
32,07.59


7, 500. 00

4, 961. 59
3, 752 99
  515e00
  607 10
  787 65
  767. 53
  2, 260.38
  191.65
    91. 28
    474. 73
 1,469.04
 7,193. 00
19, 786.96
'7,500.00
3, 778.19
   120.70
   85.05
   24. 33
 5,829.00
 1,880.00
   511. 34
20 000.00
   9tS7r5i


88,081.15 28,581.05 116,662.20
4,30439   4,252.63   8 557.02
92,385.54 32,833.68 125,219.22


4.


Excess of Exp. over Income


(34,365.57)     (766.09)  ( 35,131.66


Excess of Exp. over Income
for the fiscal year to date
- Exp. Sta.
Cash in Bank July 1, 1927 -
Exp. St a
Cash in Bark Oct. 31, 1927
- Exp. Sta.


(35,131.66)

4,234.47

(30,897.19)


E-tension Division Income
  Federal Smith-Lever
  Federal SupplementaTry
  aounty and Other
             Total

Ex-)enditures
   Expense

   Escess of EXp. over Income


76, 120.65
22,550.46
     250.00
- 98,921.11


  77. 574. 34


21,346. 77


   50.00
   50.00


27. 570. 97


76,120.65
22, 550.46
   300. 00
98,971.11


105,145.31


(27,520,97)   (G,174.20)


Excess of Exp. over Income
for the fiscal year tQo
date - Ext. Div.
Cash in Bank July 1, 1927 -
Ext. Div.
Cash in Bank Oct. 31, 1927
- Ext. Div.


(6,174.20:

2,710.89

(314633T.3,


Summary
   General Fund Income
   Tiust Fund Income
   Exp. Sta. Income
   Ext. Div. Income
         Total


General Fund ExpendituTes
Trust Fund Expenditures
Experiment Sta. Expeni.ttUres
Extension Div. Expenditures
      Total

Excess of Income over Exp.


331, 217.67
  1,186.38
  58,019.97
  98& ,j . 11
4892,lh-5.13

241, 632.14
    146.31
 922,385. 54
 77, 574. 34
 411, 733. 33

 77,606.80


17, 154. 89
    165.94
 32,067. 59
     50. 00.
176,438. 42

97,428.18
     49.00
 32, 833.68
 27 570.97
 157,881 83

 21, 556.59


478,372.56
  1,352.32
  90, 087.56
  982,971.11
668,783. 55

339,060.32
    195.31
125,219.22
105,145.31
569, 920.1C

99,163.3


Excess of Receipts over Exp.
for General Ledger Accounts  34,918.88


Student Loan Fund - Notes


995.45


Excess of Receipts over
Z-p. for the fiscal year to
date - Combined Fund


(6,888.90)


28,029.9&

. 50.  _


509.60


15,177. 29  128,698. 4


113, 521! 13


5.


Excess of Receipts over Emp.
for the fiscal year to date
- Combined Fund
Cash in Bank and on hand July
1, 1927 - Combined Fund
Cash in Bank and on hand Oct.
31, 1927 - Combined Fund

             Abstract of item shown on Statement
             of Income and Expenditures as "Excess
             of Receipts over Expenditures for
             General Ledger Account $28,029.98'

                                     Debit


Accounts Receivable


Insurance Paid in Advance


128, 698.42.

(60,818.63)
67879.79 -


Credit

26, 099.96


1,648. 75


Sundry Accounts


1, 648. 75


._i578.77

29, 678.73

  1, 648.775
  28, 029.98


    2. Si nin  of Contract for Recitation tuilding.
signed contractsTor the recitation building with R.
J. J. Fitzerald and Company and the Brock Electrical
Company.


  Judge Stoll
B. Hayes,
Engineering


     3. Memorial Building. The following matters of the recent
meeting of the Memorial Committee were read and ordered incorpora-te
in the minutes of the Board of Trustees.   The record was as follQrws

     MINUTES OF THE MEETING OF THE EXECUTIVE COM,1IITTEE
                          OF THE
            KENTUCKY MEMCORIAL BUILDING ASSOCIATION

                    September 24, 1927

        The meeting was held in the Directoxd15 Room. of the
   Security Trust Company, Lexington, Kentucky.   Those pres-
   ent were: Charles N. Manning, Dr. Frank L. McVey, Mrs.
   S. H. Halley, Mr. R. D. Norwood, Mr. George K. Graves, Mr.
   Thomas Combs and Raymond L. Kirk.


6.


    The-meeting was called by Mr. Manning, to discuss plans
for the erection of the Memorial Building.   Dr. McVey stated
that the Executive Committee of the Board of Trustees of the
University of Kentucky had caused to be made Dreliminary plans
for the structure, which were shown to the Committeei   He
said that it was the plan of the University officials to erect
as the Memnorial Building an auditorium on the caripus of the
University of Kentucky.   The committee approved the plan for
making the building an auditorium, and authorized the Execu-
tive Committee of the Board of Trustees of the University
of Kentucky to proceed with the bu-lding, giving this Com-
mittee full authority in the -miatter.  Payments for the con-
struction to be made when estimates were properly submitted.

     The committee discussed the outstanding pledges to the
fund and especially those persons who guaranteed the One
Hundred Thousand Dollar Bond Issue.   It was brought out
that a few of these guarrantors had paid in full, others had
made part payments and some had refused to pay at all. The
Committee ordered the Secretary to send out letters to all
these guarantors, informing them of the plan to proceed with
the erection of the building, and. asking for a payment of
their guarantee.   If this letter failed another letter was
to be sent, informing the guarantors that in the event of a
failure to pay, suit was to be filed immediately.    These
letters to be sent out after the contracts for the building
had been let.

     Mr. Manning read a communication from Mr. John R. Downing,
of Louisville, Treasurer of the fund, giving a list of the
securities held by him.   A financial statement of the fund
follows:

           STATEMENT OF THE FINANCIAL CONDITION
                         OF THE
           KENTUCKY MEIORIAL BUILDING ASSOCIATION

                   September 24, 1927

Securities held by Treasurer                 $PC0500.00
Greater Ky. Fund Notes and Interest           31,724.08
Cash in Bank                                   . 252.96
   Total
          (A list of the securities is attached hereto.)


7.


         Raymond L. Kirk was elected Secretary of the committee
    to succeed W. C. Wilson.

         The meeting was adjourned.

                                        Raymond L. Kirk
                                            Secretary

                                        C. N. Manning
                                             Chairman
     Motion was ma.de, seco=cled and carried that the President of
the University have parns prepared for the erection of the build-
ing and presented to the Memorial Committee.

     4. Insurance for Endowment.   Presideent McVey reported that
he had a request from an insurance corm-any that he present a pro-
posal to the Board of Trustees (lWto insure the life of the Pres-
ident of the University for $200,000 payable to the University
on the death of the President; (2) to present a scheme for annui-
ty.  The matter was discussed but no action taken.

     5. Legislative Matters.  President McVey stated to the com-
mittee he thought that the University should receive considerable
in the way of appropriations at the next session of the Legisla-
ture and indicated that he thought a request should be made for
the following buildings:  Library, $300,000; Agricultural Build-
ing, $200,000  Training School Building, $150,000, Engineering
Laboratory, $o0, 000.
     6. Ge.neral Education Board's Bequest,  President McVey
presented t o the Board. the following correspondence from the Gen-
eral Education Board of New York Cit!y, making a bequest of $150,
000 to the University of Kentucky for the erection of a Training
School Building with the condition that a like amount be provided
by the University.   On motion duly seconded it was declared that
the correspondence be entered in the minutes as follows:

                                    September 29, 1927
    My dear President McVey:

         I note from your letter of September 22nd, that
    the Board of Trustees of the University of Xentucky has
    taken formal action in accepting -she offer of the Gen-
    eral Education Board, and that the Board will request
    the Legislature at its next session to appropriate
    $150,000 for the school building.
         I note that shortly after the session of the Legis-
    lature, you will informn me Of any action which may be
    taken by it.

                                    Very truly yours,

                                    W. W. Brierley


80


     7. Portrait of Judge Barker. Motion was made, seconded and
carried that the President of the University arrange to have a
portrait painted of Judge Barker, formerly President of the Uni-
veryity.

     8. Purchase of Pianos.  Motion was made, seconded and car-
ried that the Music Department be allowed to purchase three pianos.

     9. Construction of Animal House, President McVey indicated
to the Board that the Departments of Physiology, Zoology and Bac-
teriology were in need of a building to house animals for experi-
mental work in these sciences and indicated that a small building
suited for the purpose could be erected for about $4,000.   A
motion was made, seconded and carried, authorizing the President
to have a brick building erected for this purpose.

    10. Insurance on Barn.  Early in September a storm destroyed
a barn on the Experiment Station Farm.   It was reported to the
Board that the insurance had been adjusted with the company for
$2,465.33 as payment for the loss involved.   Motion was made,
seconded and carried that the adjustment be accepted.

     A motion was made, seconded and carried authorizing Dean
Cooper to have a new barn erected.

    11. Poultry Plant.  A communication was read from Dean Cooper
asking for 3,000 additional funds for the erection of a poultry
plant.   Motion was made, seconded and carried requesting Dean
Cooper to submit data on the plant as erected.

    12. Appointments, Resignations and Leaves of Absence. The
following list of appointments, resignations and leaves of absence
was recommended by the President and on motion duly seconded ap-
proved as recommended.

     Appointment of W. C. Chrisman, as reader and laboratory as-
sistant in Commerce for the year 1927-28 at a salary of $20 a
month for ten months.

     Appointment of A. R. Cord, as reader and laboratory assistant
in Commerce for the year 1927-28 at a salary of $20 a month for
ten months.

     Appointment of K. R. Zent as Assistant in Marketing in the
Department of Markets and Rural Finance of the Experiment Station
at a salary of $150 a month effective October 1, 1927 and contin-
uing to June 30, 1928.

     Appointment of Miss Lucile Grace Collins as clerk in the
Department of Markets and Rural Finance, effective November 1,
1927 at the rate of $80 a month.


9,


     Appointment of Mr. L. V. Amburgey as Microscopist in the De-
partment of Feed Control in the Experiment Station, effective
October 5, 1927 at a salary of $125,

     Appointment of Dr. Oliver H. Pinney as Assistant Bacteriolo-
gist in the Department of Public Service Laboratoxies at a salary
of $1800 a year, effective October 10, 1927.

     Appointment of Samuel K. Workman, Instructor in English, at
a salary of $1800.

     Continuation of employment of Miss Elizabeth Aaron Home
Demonstration Agent of Campbell County, at a salary of ;150 a
month, effective September 5, 1927 to August 31, 1928.

     Continuation of employment of M. H. Sasser, County Agent,
Russell County, Kentucky at a salary of $166-2/3 a month, effec-
tive October 1, 1927 to September 30, 1928.

      Leave of absence for Dr. J. E. Rush for the first semester
of 1928-1929.

      Resignation of Mr. En J. Go~tt, Bacteriologist in the Depart-
ment of Public Service Laboratories, Experiment Station, to become
effective with the close of business October 31, 1927.

     Resignation of Mrs. Estella Hebden Fitch7 to become effec-
tive with the close of business September 30, 1927.

     Resignation of Miss Ginevra Lipps, Clerk in the Poultry
Section, effective with the close of business September 30, 1927.

                                    Respectfully submitted,

                                    Wellington Patrick
                                    Secretary of the Board


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