xt78cz323j67 https://exploreuk.uky.edu/dips/xt78cz323j67/data/mets.xml Lexington, Kentucky University of Kentucky 2013 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, 2013-12-17 text Minutes of the University of Kentucky Board of Trustees, 2013-12-17 2013 2014 true xt78cz323j67 section xt78cz323j67 Minutes of the Meeting of the Board of Trustees
University of Kentucky
Tuesday, December 17, 2013
The Board of Trustees of the University of Kentucky met on Tuesday, December 17,
2013 in the Board Room on the 18th floor of Patterson Office Tower, Lexington, Kentucky.
A.

Meeting Opened

Dr. E. Britt Brockman, chair of the Board of Trustees, called the meeting to order at 1:20
p.m. Chair Brockman asked Trustee Sheila Brothers, secretary of the Board, to call the roll.
B.

Roll Call

The following members of the Board of Trustees answered the call of the roll: C.B.
Akins, Sr., James H. Booth, William C. Britton, E. Britt Brockman, Sheila Brothers, Mark P.
Bryant, Jo Hern Curris, Angela L. Edwards, William S. Farish, Jr., Oliver Keith Gannon, Carol
Martin (Bill) Gatton, Kelly Sullivan Holland, David V. Hawpe, Terry Mobley, Roshan Palli, C.
Frank Shoop, James W. Stuckert, Irina Voro, John Wilson and Barbara Young. Secretary
Brothers announced that a quorum was present.
The University administration was represented by President Eli Capilouto, Provost
Christine Riordan, Executive Vice President for Health Affairs Michael Karpf, Executive Vice
President for Finance and Administration Eric Monday and General Counsel William Thro.
The University faculty was represented by the Chair of the University Senate Council
Lee Blonder, and the University staff was represented by the Chair of the Staff Senate Jeff
Spradling.
Guests, other administrators and members of the news media were also in attendance.
C.

Consent Items

Chair Brockman called attention to the ten consent items on the agenda. The items were
the minutes for the Board of Trustees Retreat on October 25-26, 2013 and the Board of Trustees
meeting on the morning of October 26, 2013; PR 2, Personnel Actions; FCR 1, Davis and
Beverly Marksbury Foundation Pledge; FCR 2, Terry Woodward Pledge; FCR 3, The Estate of
Dr. Judith M. Janssen Gift; FCR 4, The Estate of Maywin S. Lauderdale Gift; FCR 5, The Roger
E. Mick Gift; FCR 6, The Estate of Joy R. Wills Gift; and FCR 7, Multiple Gifts to the East and
Environmental Sciences Endowed Alumni Professorship to Replace unfulfilled Pledge to
Research Challenge Trust Fund. Trustee Stuckert moved approval of the consent items and
Trustee Farish seconded the motion. Chair Brockman called for the vote and it passed without
dissent. (See consent items listed below on the Board of Trustees website,
www.uky.edu/Trustees, under agenda.)

* Minutes, Board of Trustees Retreat, October 25-26, 2013
Minutes, Board of Trustees Meeting, October 26, 2013
PR 2 Personnel Actions
FCR 1 Davis and Beverly Marksbury Foundation Pledge
FCR 2 Terry Woodward Pledge
FCR 3 The Estate of Dr. Judith M. Janssen Gift
FCR 4 The Estate of Maywin S. Lauderdale Gift
FCR 5 Roger E. Mick Gift
FCR 6 The Estate of Joy R. Wills Gift
FCR 7 Multiple Gifts to the Earth and Environmental Sciences Endowed Alumni
Professorship to Replace unfulfilled Pledge to Research Challenge Trust Fund
D.

Chairman’s Report

Chair Brockman reported that there had been no petitions to address the Board since the
last Board of Trustees meeting.
Chair Brockman introduced Gatton College of Business and Economics Dean David
Blackwell who presented to Trustee Bill Gatton and President Capilouto commemorative shovel
plaques from the ground breaking ceremony of the renovation/expansion of the Gatton College
of Business and Economics building. He thanked them both for their vision and support in
making the dream for a new building a reality. Trustee Gatton gave credit to former Gatton
College Dean Dick Furst, who was instrumental in making him understand that to retain first
class faculty and staff, the College needed first class facilities. President Capilouto gave credit to
the many individuals who shared and worked toward the fulfilment of this dream for many years.
Dean Blackwell also acknowledged and thanked Vice President for Facilities
Management Bob Wiseman and his team, in particular Dall Clark and David Collins and their
staff for the long hours, hard decisions and tough work.
E.

President’s Report (PR 1)

President Capilouto began by mentioning the many talented faculty and staff that were
referenced as academic appointments, administrative appointments and personnel decisions in
PR 2, Personnel Actions.
President Capilouto was delighted to introduce Dr. Nancy M. Cox, dean-appointee to the
College of Agriculture, Food and Environment. President Capilouto stated that as the current
Associate Dean of Research and Associate Director of the Experiment Station, Dr. Cox is highly
regarded throughout the state, where she has forged strong and enduring relationships with
agricultural and civic leaders and on campus as a distinguished leader and valued colleague.
Dr. Cox was honored to be in the position of representing, serving and supporting the
College of Agriculture, Food and Environment. She thanked Provost Riordan and President
Capilouto for the appointment. She stated the College is a key part of the fabric of the
- 2 - 
 

* agricultural economy and agricultural leadership in Kentucky, and it was an honor to follow
Dean Smith in that role. She also was proud to represent and to serve the great students, great
research programs and the nationally prominent extension service.
President Capilouto thanked Dean Scott Smith for his outstanding service as Dean of the
College since 2001. Under his leadership, the College had undergone significant transformation
and remains at the forefront of agricultural education programs. He noted that Dean Smith’s
return to faculty is met with great enthusiasm. President Capilouto also thanked Provost Riordan
and the search committee for their outstanding service on this search.
President Capilouto shared a few stories with the Board from his travels to New York
City, Washington, D.C., cities across Texas and Atlanta during the past several weeks. During
this time, he met with prospective students and their families, lawmakers and their staff, policy
leaders, alumni, donors and friends of the University. In particular, in Washington, D.C., he met
with the Director of the National Institutes of Health (NIH) Dr. Francis Collins, Association of
Public and Land-grant Universities (APLU) President Peter McPherson and Kentucky legislative
leaders to discuss the impact of sequestration. Vice President for Research Jim Tracy and UK’s
federal legislative liaison Bill Schweri accompanied President Capilouto on these visits. He
reported that Chairman Hal Rogers, Congressman Brett Guthrie and Congressman Andy Barr
were well-versed and had significant concerns for other issues affecting the University.
President Capilouto was grateful for their willingness to take time from their schedules and to be
informed about matters as they relate to Kentucky's flagship university. He shared that he was
confident that they listened and will translate our concerns into their decisions.
President Capilouto recognized the over 1,900 undergraduate and graduate student
candidates for graduation who would be joined by their families and friends at the December
Commencement ceremonies at Memorial Coliseum on December 20, 2013.
President Capilouto shared that he and his wife, Mary Lynne, had the pleasure of hosting
the acoUstiKats before their nationally televised participation on the television show “The Sing
Off” and were proud of their achievements to date.
In closing, President Capilouto recognized and congratulated Trustee Jim Booth and his
wife Linda for their outstanding commitment to the region, their extraordinary investment in
Kentucky's success and long standing service to Morehead State University. He shared that the
Booths were awarded with honorary doctorates of letters at the Morehead State University’s
commencement ceremony recently.
F.

Appointment of Dean of the College of Agriculture, Food and Environment (PR 3)

Chair Brockman stated that PR 3 is the recommendation of the appointment of the Dean
of the College of Agriculture, Food and Environment. Trustee Farish moved approval and it was
seconded by Trustee Shoop. Chair Brockman opened the floor discussion. Trustee Shoop stated
that he had been extremely impressed with Dr. Cox’s work over the years, and was extremely
pleased by her appointment. He was happy to see the College’s future in such capable hands.
Chair Brockman called for the vote and it passed without dissent. (See PR 3 on the Board of

- 3 - 
 

* Trustees website, www.uky.edu/Trustees, under agenda.)
G.
Appointment to Board of Directors University of Kentucky Gluck Equine
Research Foundation, Inc. (PR 4)
President Capilouto stated that PR 4 is a recommendation to the Board of Trustees to
approve the appointment of Thomas Grossman, Eric Hamelback, William Lynn Jones, Mike
Meuser and Dermot Ryan to the Board of Directors of the University of Kentucky Gluck Equine
Research Foundation for a four-year term. Trustee Brothers moved approval of PR 4. It was
seconded by Trustee Britton and it passed without dissent. (See PR 4 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
H.

Candidates for Degrees: December 2013 (ASACR 1)

Trustee Gannon, chair of the Academic and Student Affairs Committee, stated that
ASACR 1 was the recommendation that the President be authorized to confer upon each
individual, the degree to which he or she is entitled, upon certification by the university registrar
that the individual satisfactorily completed all the requirements for the degree for which
application had been made
On behalf of the Academic and Student Affairs Committee, Trustee Gannon asked for
approval of ASACR 1 and it passed without dissent. (See ASACR 1 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
I.
(ASACR 2)

Academic Degree Recommendation: College of Communication and Information

Trustee Gannon stated that ASACR 2 was the recommendation that the Board approve
the establishment of a Bachelor of Arts/Bachelor of Science with a major in Information
Communication Technology in the School of Library and Information Science within the
College of Communication and Information effective spring of 2014. This program has been
approved by the appropriate councils and University Senate. It has completed the 45 day review
by the Council on Postsecondary Education. The Provost of the University supports this
recommendation.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon asked for
approval of ASACR 2 and it passed without dissent. (See ASACR 2 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
J.

Academic Degree Transfer Recommendation (ASACR 3)

Trustee Gannon stated that ASACR 3 is the recommendation that the Board of Trustees
approve the transfer of the Master of Science in Radiological Medical Physics with a major in
Radiation Science from the Department of Clinical Sciences in the College of Health Sciences to
the Department of Radiation Medicine in the College of Medicine, effective January 1, 2014.
The transfer has been reviewed and recommended by the Senate Committee on Academic

- 4 - 
 

* Organization and Structure and the Senate Council. The University Senate endorsed the
transfer. The Provost of the University supports this recommendation.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon asked for
approval of ASACR 3 and it passed without dissent. (See ASACR 3 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
K.

Change in the Name of an Educational Unit: College of Public Health (ASACR 4)

Trustee Gannon stated that ASACR 4 was the recommendation that the Board of Trustees
approve the change in the name of the Department of Health Services Management to the
Department of Health Management and Policy, in the College of Public Health, effective
immediately. The proposed change has been approved by the faculty of the Department of
Health Services Management, the College of Public Health Faculty Council and the
Administrative Council; reviewed and recommended by the Senate Academic Organization and
Structure Committee and the Senate Council; and endorsed by the University Senate. The
Provost of the University supports this recommendation.
On behalf of the Academic and Student Affairs Committee, Trustee Gannon asked for
approval of ASACR 4 and it passed without dissent. (See ASACR 4 on the Board of Trustees
website, www.uky.edu/Trustees, under agenda.)
L.

University Athletics Committee

Trustee C.B. Akins, Sr., chair of the University Athletics Committee, reported that the
Committee heard a report from Deputy Athletics Director DeWayne Peevy on fall and winter
sports.
Deputy Director Peevy commented on several sports. Football, which had a disappointing
record this season, is proud of the 2014 incoming recruit class. It is reported to be the best in
team history and ranks 12th nationally. He also reported on volleyball, men’s and women’s
soccer, men's and women's cross country team, men's and women’s golf, men's basketball and
the rifle team. Women's basketball has a perfect 11-0 record and this Sunday will play the
number two rated team in the nation, Duke, in Rupp Arena. Other teams in the report included
men's and women's track, men's and women's swimming and diving, and gymnastics.
Off the field, there are 30 current or former student athletes who will receive degrees at
the December commencement. Men’s basketball team member Jarrod Polson and women’s
basketball team member Kastine Evans are each nominees for the Allstate Good Works Team for
their dedication to volunteerism and civic service. Tyler Riggs (men’s soccer), a mechanical
engineering major with a 3.93 GPA, was named First Team Academic All-American. The
women's basketball team participated in a Thanksgiving service project, encouraging fans to
donate toiletry items and delivering them at the Bluegrass Hospitality Group's Thanksgiving
Dinner for the less fortunate. Also, student-athletes, led by the Student-Athlete Advisory
Committee, made blankets and delivered them to patients at UK Children's Hospital.

- 5 - 
 

* Mr. Peevy concluded his report by showing a video of the most recent trip to Ethiopia in
which several student-athletes from various sports completed service work. These trips are led
by Senior Associate Athletics Director Jason Schlafer. This was Mr. Schlafer’s seventh trip, and
each one of these students expressed how their entire life was changed because of what they
encountered on that trip.
Trustee Akins stated that in business items, the Committee considered and accepted as
presented the 2012-13 Audited Financial Statements and the Independent Auditor’s Report on
Financial Statements and Supplementary Information for the Department of Intercollegiate
Athletics. Interim Treasurer Susan Krauss reviewed the Management’s discussion and analysis
of the statements of net position. This included assets, liabilities and operating revenues and
expenses.
Executive Vice President for Finance and Administration Eric Monday reviewed the
interim financial statements of the Department for the three months ended September 30, 2013.
The information included the statement of net position, the statement on revenue and expenses,
and the change in net position. The Committee accepted the quarterly financial statements as
presented.
Mr. Monday also reviewed FCR 12, the resolution for the authorization, issuance and sale
of approximately $265,000,000 general receipts obligations (bonds) for the Gatton Building,
Academic Science Building and Commonwealth Stadium project. The Committee recommended
approval to the Finance Committee of the Department of Intercollegiate Athletics full debt
service for the Commonwealth Stadium project portion and the partial debt service for the
Academic Science building.
Trustee Akins also thanked Athletics Committee Community member Davis Marksbury
and his wife Beverly for their generous pledge to UK Athletics. It is FCR 1 and was accepted as
one of the consent items earlier in the meeting.   

 
 

M.

Finance Committee Report

Trustee James Stuckert, chair of the Finance Committee, reviewed the consent items:
FCR 1, Davis and Beverly Marksbury Foundation Pledge; FCR 2, Terry Woodward Pledge; FCR
3, The Estate of Dr. Judith M. Janssen Gift; FCR 4, The Estate of Maywin S. Lauderdale Gift;
FCR 5 Roger E. Mick Gift; FCR 6, The Estate of Joy R. Wills Gift; and FCR 7, Multiple Gifts to
the Earth and Environmental Sciences Endowed Alumni Professorship to Replace Unfulfilled
Pledge to Research Challenge Trust Fund. Trustee Stuckert thanked these individuals for their
generosity to the University. (See FCR 1 through FCR 7 on the Board of Trustees website,
www.uky.edu/Trustees, under agenda.)
N.
Dissolution of the Lawson Endowment Fund – Center for Research on Violence
Against Women and the Transfer to other UK Center for Research on Violence Against Women
Endowments (FCR 8)
Trustee Stuckert stated that FCR 8 is the recommendation of the Dissolution of the
Lawson Endowment Fund - Center for Research on Violence Against Women and the transfer to
- 6 - 
 

* other UK Center for Research on Violence Against Women Endowments. The donor requested
the market value of the Lawson Endowment be transferred to the Georgia Davis Powers
Endowment and the CRVAW General Endowment.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 8 and it
passed without dissent. (See FCR 8 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
O.
Acceptance of the 2012-13 Audited Financial Statements and the Independent
Auditor’s Report on Financial Statements and Supplementary Information (FCR 9)
Trustee Stuckert stated that FCR 9 is the acceptance by the Board of the 2012-13 Audited
Financial Statements and the Independent Auditor's Report on Financial Statements and
Supplementary Information.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 9.
Trustee Brothers recognized and thanked EVPFA Eric Monday, his office and the many
hundreds of UK staff who work daily to ensure that the University finances are honest and
transparent. Chair Brockman called for the vote and it passed with 19 affirmative votes and one
abstention by Trustee Voro. (See FCR 9 on the Board of Trustees website,
www.uky.edu/Trustees, under agenda.)
P.
Acceptance of the Interim Financial Report for the Three Months Ended
September 30, 2013 (FCR 10)
Trustee Stuckert stated that FCR 10 is the recommendation that the Board accept the
Interim Financial Report for the three months ended September 30, 2013.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 10 and it
passed with 19 affirmative votes and one abstention by Trustee Voro. (See FCR 10 on the Board
of Trustees website, www.uky.edu/Trustees, under agenda.)
Q.

2013-14 Budget Revisions (FCR 11)

Trustee Stuckert stated that FCR 11 was the recommendation that the Board of Trustees
authorize and approve revisions to the 2013-14 Operating and Capital Budget. The budget
revisions will increase the University’s total budget by $18,864,100 or 0.7 percent, from
$2,709,205,300 to $2,728,069,400.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 11 and it
passed with 19 affirmative votes and one abstention by Trustee Voro. (See FCR 11 on the Board
of Trustees website, www.uky.edu/Trustees, under agenda.)
R.
A Resolution Providing for the Authorization, Issuance, and Sale of
Approximately $265,000,000 General Receipts Obligations (Renovate/Expand Gatton Building,
Academic Science Building and Commonwealth Stadium Project) of the University of Kentucky,

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* Pursuant to the Trust Agreement dated as of November 1, 2005. (FCR 12)
Trustee Stuckert stated that the FCR 12 is a recommendation that the Board of Trustees
approve a Resolution authorizing the issuance, in one or more installments, of approximately
$265,000,000 of University of Kentucky General Receipts Obligations (Renovate/Expand Gatton
Building, Academic Science Building and Commonwealth Stadium Project), to be designated
General Receipts Bonds, 2014 Series A (or such series designation that is appropriate to the
order of issuance thereof, the "2014 Series A Bonds") and to be dated as of a date determined by
the Treasurer.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 12.
Trustee Voro asked if the three building projects could be voted on separately. She stated she
was strongly in favor of academic buildings, but against luxury additions to the football stadium.
Trustee Gatton voiced concern about the risk if one of entities couldn’t “shoulder their share”.
Executive Vice President Eric Monday explained that several years ago the University of
Kentucky went to a general receipt indenture, which pledges the assets, faith and credit of the
University of Kentucky. These are not all auxiliary revenue bonds; these are general receipts of
the institution, which allows the University to have the ability to issue debt for health care
auxiliaries and general University use. The University pledges the good faith and assets of the
University of Kentucky to pay back this debt. The debt may be assigned internally, so ascribed
to the Department of Intercollegiate Athletics and other operating units as determined by the
President, but the University of Kentucky issues the debt for these purposes.
Chair Brockman called the vote and it passed with 19 affirmative votes and one
abstention by Trustee Voro.
(See FCR 12 on the Board of Trustees website,
www.uky.edu/Trustees, under agenda.)
S.

Approval of Lease (FCR 13)

Trustee Stuckert stated that FCR 13 is the recommendation that the Board of Trustees
authorize the Executive Vice President for Finance and Administration to negotiate and execute
a lease between the University of Kentucky and the Stockyard LLC/Michael and Christine
Huskisson for space at 845 Angliana Avenue, Lexington, Kentucky. The leased space will
include approximately 15,000 square feet of office space and 15,700 square feet of warehouse
space.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 13 and it
passed without dissent. (See FCR 13 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
T.
Construct/Replace/Upgrade Student Housing (Fit-Up the Study/Coffee Shop in
Champions Court I) (FCR 14)
Trustee Stuckert stated that FCR 14 is the recommendation that the Board of Trustees
approve the initiation of the fit-up of the second location of The Study with an addition of a
Coffee Shop in the Champions Court I residence hall capital project. This Study/Coffee Shop

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* should provide approximately 250 seats and numerous study spaces conducive for group
interaction and the latest technology to support a collaborative academic retention focus on the
North Campus. The scope of the project is $3,000,000 and will be funded with fund balance,
well within the existing legislative authorization.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 14 and it
passed without dissent. (See FCR 14 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
U.
(FCR 15)

Repair/Upgrade/Expand Central Plants (CUP Boiler Feed Water System)

Trustee Stuckert stated that FCR 15 is the recommendation that the Board of Trustees
approve the initiation of the Repair/Upgrade/Expand Central Plants (CUP Boiler Feed Water
System) capital project. Trustee Stuckert explained that the current feed water system was
installed when the facility was initially opened and does not have the capacity to support the
plant feed requirements when all three boilers are online. The scope of the project is $1,000,000
and has been authorized by the 2012 Session of the Kentucky General Assembly as part of a
$62,000,000 infrastructure pool for educational and general facilities. It will be financed by
agency funds.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 15 and it
passed without dissent. (See FCR 15 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
V.

Lease/Purchase Telephone System Replacement (FCR 16)

Trustee Stuckert stated that FCR 16 is the recommendation that the Board of Trustees
approve the Lease/Purchase of the Telephone System Replacement. This involves replacing the
campus voice infrastructure, provide enhanced licenses to accommodate health care
requirements, deliver increased call center stability, and improve communications across the
University enterprise. The scope of the project is $853,000, well within the $3,000,000 scope
authorized by the 2012 session of the Kentucky General Assembly. It also will be funded by
agency funds.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 16 and it
passed without dissent. (See FCR 16 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
W.
(FCR 17)

Construct/Expand/Renovate Ambulatory Care Facility – UK HealthCare

Trustee Stuckert stated that FCR 17 is the recommendation that the Board of Trustees
approve the initiation of the Construct/Expand/Renovate Ambulatory Care Facility – UK
HealthCare capital project. The project will renovate the Department of Medicine Clinic located
in the original section of the Kentucky Clinic Building. Vetted and recommended to the Finance

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* Committee for approval in the University Health Care Committee meeting on Monday,
December 16, 2013, the estimated scope of this project is $2,700,000 and will also be financed
by agency funds. This project has been authorized by the 2012 session of the Kentucky General
Assembly.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 17 and it
passed without dissent. (See FCR 17 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
X.

Design/Renovate/Upgrade Hospital Facilities – Good Samaritan (FCR 18)

Trustee Stuckert stated that FCR 18 is the recommendation that the Board of Trustees
approve the initiation of the design phase for the Design/Renovate/Upgrade Hospital Facilities at
the Good Samaritan Hospital. The project will develop a design for the renovation of the Good
Samaritan Emergency Department. The request with an anticipated cost of $600,000 has been
authorized by the 2012 session of the Kentucky General Assembly and will be financed with
agency funds.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 18 and it
passed without dissent. (See FCR 18 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
Y.
(FCR 19)

Repair/Upgrade/Improve Civil/Site Infrastructure (South Campus Parking Lot)

Trustee Stuckert stated that FCR 19 is the recommendation that the Board of Trustees
approve the initiation of the Repair/Upgrade/Improve Civil/Site Infrastructure (South Campus
Parking Lot) capital project. This project will expand the E.S. Good Barn parking lot and
connect it to the parking lot currently under construction as part of the FEMA South Campus
Storm Water capital project. This $1,400,000 project has been authorized by the 2012 Session of
the Kentucky General assembly as part of a $14,000,000 infrastructure pool for auxiliary
facilities and will be financed with agency funds.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 19 and it
passed without dissent. (See FCR 19 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
Z.
Repair/Upgrade/Improve Building Shell Systems (2014 Annual Parking Garage
Maintenance and Restoration) (FCR 20)
Trustee Stuckert stated that FCR 20 is the recommendation that the Board of Trustees
approve the initiation of the Repair/Upgrade/Improve Building Shell Systems, specifically for
the 2014 Annual Parking Garage Maintenance and Restoration. This project will include the
recommended maintenance or repairs on eight university parking structures during 2014. This
$1,000,000 project has been authorized by the 2012 session of the Kentucky General Assembly
and will be financed by agency funds.

- 10 - 
 

* On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 20 and it
passed without dissent. (See FCR 20 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
AA.

Capital Construction Report (FCR 21)

Trustee Stuckert stated that FCR 21 is the recommendation that the Board of Trustees
accept the Capital Construction Report for the three months ending September 30, 2013. Vice
President Bob Wiseman provided details regarding the quarterly report to the Finance Committee
earlier in the day.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 21 and it
passed without dissent. (See FCR 21 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
BB.

Approval of the 2012-13 Endowment Match Program Annual Report (FCR 22)

Trustee Stuckert stated that FCR 22 is the recommendation that the Board of Trustees
accept the 2012-13 Endowment Match Program Annual Report. The Endowment Match
Program, also known as “Bucks for Brains,” is one of several programs created as part of the
Research Challenge Trust Fund.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 22 and it
passed with 19 affirmative votes and one abstention by Trustee Voro. (See FCR 22 on the Board
of Trustees website, www.uky.edu/Trustees, under agenda.)
CC.

Patent Assignment Report (FCR 23)

Trustee Stuckert stated that FCR 23 is the recommendation that the Board of Trustees
accept the patent assignment report for the period of July 1 through September 30, 2013. Vice
President for Research Jim Tracy reviewed the report with the Finance Committee earlier in the
day.
On behalf of the Finance Committee, Trustee Stuckert moved approval of FCR 23 and it
passed without dissent. (See FCR 23 on the Board of Trustees website, www.uky.edu/Trustees,
under agenda.)
DD.

Investment Committee Report

Trustee Bill Gatton, chair of the Investment Committee, stated that the Committee met
Monday, December 16, 2013, to review performance results and conduct other business. The
endowment had a net market value of $1,030,000,000 as of October 31, 2013. For the four
months ended October 31, the endowment pool returned 6.6 percent annualized due to strong
equity market returns during this period. The endowment pool outperformed the policy
benchmark during the period by 23 basis points due to strong relative performance by the
Domestic Equity and Absolute Return managers.

- 11 - 
 

* EE.

University Health Care Committee

Trustee Barbara Young, chair of the University Health Care Committee, reported that the
Committee had two action items. FCR 17 concerned the renovation of the Department of
Medicine Clinic, located in the original section of the Kentucky Clinic Building and FCR 18
concerned a request for funds to initiate the design phase for the Good Samaritan Emergency
Department. Both FCR 17 and FCR 18 were approved by the HealthCare Committee and were
passed on to the Finance Committee.
The Committee heard a presentation from Dr. Craig Van Horne and Don Gash, Ph.D. on
the Parkinson’s Disease Translational Research Program at UK. This program represents cutting
edge collaborative clinical and laboratory research and could potentially lead to greatly improved
outcomes for patients who suffer from Parkinson’s disease. Research that spans several academic
and clinical departments represents and defines translational research and the cross pollination
that this collaborative work brings to research, has put UK on the path to innovative discoveries
now and into the future.
Trustee Young reported that Dr. Michael Karpf presented a report on the next phase of
the building project. This includes the fit-up of Pavilion A and the renovation of Pavilion
HA/Kentucky Children’s Hospital. The Chandler Hospital master plan provides for a step by
step replacement of the original Chandler buildings. Over time the Markey Cancer Center, Gill
Building, Pavilion HA and the new Pavilion A will house all of the Chandler Hospital facilities.
Thus far, Phase I-A (Patient Care facility), I-B (nine operating rooms, etc.), I-C (data center), I-D
(eighth floor and C