Minutes of the Meeting of the 'Executive Committee of the Universi-
ty of Kentucky March 16, 1960.


          The Executive Committee of the University of Kentucky met in
the President' s Office on the campus of the University at 10:35 a. m. EST,
Wednesday, March 16, 1960, with the following members present: R. P.
Hobson, Chairman; Harper Gatton and Dr. Ralph J. Angelucci. President
Frank G. Dickey and Secretary Frank D. Peterson met with the Committee.



          A. Approval of Minutes.

          Upon motion duly made, seconded and carried, the minutes of the
Executive Committee of January 22, 1960, were approved as published.



          B. Report of the Treasurer.

          Mr. Peterson made financial report for the period ended February
29, 1960. The report contained a balance sheet and related financial state-
ments which presented a complete financial picture of the period for all funds
of the University. Mr. Peterson called attention of the Committee to the
balance sheet and the unappropriated surplus of the Division of Colleges which
represented a deficit of $10, 121. 00. He stated that the General Fund for
the Division of Colleges was over-appropriated and there would be enough
balance as of June 30 to show the account in balance, but thlat this represent-
ed an exceedingly close margin to operate an institution the size of the Uni-
versity. He called attention of the Committee to the Balance Sheet for Plant
Fund and, especially, read the statement concerning investment in plant:



Invested in Plant
   Land
   Buildings
   Equipment
   Construction in Progress



Total Invested in Plant



         He also invited the attention of the
of the same section,

         Invested in Plant
             Bonds Payable
             Due to Other Governmental
                    Units
             Net Investment in Plant



Total Invested in Plant



$ 3, 213, 336. 23
39,490,962. 00
11, 135,905. 36
21, 545, 252. 88



$73,385,456.47



members to the Liability sheet



  $12,874,500.00

       67, 201. 00
   62, 443, 755. 4 7

                  $7 5, 385,456.47