xt7bk35m9d94 https://exploreuk.uky.edu/dips/xt7bk35m9d94/data/mets.xml Lexington, Kentucky University of Kentucky 19500530 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, 1950-05-may30. text Minutes of the University of Kentucky Board of Trustees, 1950-05-may30. 1950 2011 true xt7bk35m9d94 section xt7bk35m9d94 










     Minutes of the Meeting of the Board of Trustees of the Universi-
ty of Kentucky, May 30, 1950.


     The Board of Trustees of the University of Kentucky met in the
President's Office at 2:00 p.m., Tuesday, May 30, 1950.   The fol-
lowing members were present: Governor Earle C. Clements, Chairman;
Mrs. Paul G. Blazer, Dr. W. M. Coffee, Carl Dempewolfe, J. C. Ever-
ett, T. H. Cutler, Paul M. Basham, George M. Cheek, H. D. Palmore,
Guy A. Huguelet, J. Woodford Howard, R. P. Hobson and Harper Gatton.
Absent:  Judge Harry F. Walters and Boswell B. Hodgkin.   President
H. L. Donovan and Secretary Frank D. Peterson met with the Board.


     A. Minutes Approved as Published.

     The minutes of the Board of Trustees for April 4, 1950, were
approved as published.


    B. Report of the Comptroller.

    The Comptroller submitted the following report.




 






                               ,Vor

           UNIVERSITY                  OF KENTUCKY


                          LEXINGTON
Office of Comptroller

                                   May 25, 1950



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

  Dear Dr. Donovan:

       I submit herewith a balance sheet of the University funds as of
  April 30, 1950, together with statements of fund operations for the
  period. of ten months then ended,

      .The operating statements reveal that 101.35% of the estimated
  income for the fiscal year had been realized and that 78.5f5 of the
  departmental appropriations had been either expended. or encumbered..

       During the ten month period, $1,647,806.46 had been expended
  toward plant. extension other than that expended by the State Build-
  ing Commission. In adCition to the amount expended, an additional
  sum of &l1,1309,930.30 had been set aside for plant purposes, include
  ing l,,041,708.79 encumbered for purchase orders and contracts.

       Restricted fund balances totalled (t1,394,598.49, including
  investments in the principal amount of @668,744.05.

       Other fund balances, as indicated in the balance sheet were as
 follows:

                                 Principal     Income
                                 Balance    Balance       Total

      Loan Fund.                   56,297.61 $ 20,641.45 $ 76,939.06
      Endowment Funds            198,423.18     2,235.10 200,663.28
      Agency Funds                         __ 53,824.05    53.324.05

          Total                   $ 254,725.79 $ 76,700.50 0331 426.39

                                   Respectfully submitted,



                                   Frank D. Peterson
                                   Comptroller




 







Univelrsijy of Ken-vuclky
    BALANOL S-''_T
 As of Arri1 30, 1950


     A S SET S



              Division
                 of
              Colleges
Current Funds:
Gcneral:
Cash in ba nk II  224,872 .12
Pety- cash advs.   1,127.00
State Allotrilents:
  Current;O ye..a-r  160,239.77
  Prior  year, . 70
Revolv.funds   1,277,514.15
Receivw..les      29,950.30
Inventories      507,$224.45
Deferred Chgs.   12-2,362.78
  Total Gen.   2,Zs23. 60 . 33



Agricultural1 Agricul-tural
Esiper4 rme nt  Zxtension
   Station     Division


, 153t,336.79 hi261,660.65


  135,p4:7.25  57,963.76

  33,, 2 3 7. 12

  31,955.00



C,
9



710,016.16 1'19,624.41



   To tal


" 639S, 1i9.56
     1,127.00

   553,640.78
       239.70
 1,356,851.27
    29J,950.38
    539,179 .453
    12 , 3 332. 78
s , .53.270.90



Res tricted:
Cash in bank
Pet-y cash adv
Invest ments
Total Re-
  stricted
  Total Cuir-
  rent



375, 9IS 0 2.10
3,115.00
563.744.05



32,800.21;)5 .,24, 073.797
   200 .00
15 - 000 .00



71-2,863.14
  3,315.00
S   * - 7 ' 405



- 1,04-7,348.15  bG104,000.25 $214P),073.79 P 1,399, 92-2.19

9 ,371,473.43   314,016.41 '5;37,696.30  4,753.193.09



Plant Funds:
Unenended:
Revolv.'funds  $,; 1,197,851.58 ,9
Unrel1. Income _      87.02. 553



55,603.23 i



.;  1,253,454:.81
    8 7 . 025 . 55



  Total Un-
  expended  ;; 1.234. 58.11                             13 _l 540,461.34

Investment in Plant:
Construct:ion
authorized   ; 1,315,000.00 '                        \' 1,815,000.00
Fixed assets   25,588.113.22 2.4935263.31 __           26,031,379.53
Tota l-Inves i.25,403,11s3.'2'? A293    Q            ;27S   379.55
  rotlal-'lat 2. 5387,971.33        S,9543. 9 54.                       i540,.9,840.87



Loan



icldowment



Other Ftunds:
Cash in ban1  ;,
Nou'oes Receiv.
Inves&.ments
  Total o tlher
  Funds       Q



5, 449 .06 8
3,49'0.00
68 .000.00



2,531.32  .i 38, S324-.05  $



198,091.93



15.000 .00



2S7 6,9S .0 90      2i00,3:),,53.2.8 _53..824.05



43 ,83541.43
3.i, 420. 00
291. 031 96



331. 426. 39



l st  __421,460.35



I.,-



7



.,A



isr



Totlzil Assets




 







University of :entucky
    BALAN C] SHEET
As of April 30, 1950


L I A 3 I L I T 1 E S



              Division
                of
              Colleges
Current Funds:
General:
Res..for encumbrances:
  Current yr. Qj  470,934.97
  Prior yr.        5,505.83
Res.for inven-
tories          507,224.45
Other liabilities 122,352.78
Unapprop. sur1lus 16.2.,703.72
Approp.bals.   1, 054,898.60
  Total G-en. ,': 2,323.530.33



Azric1tural Agricultural
Bx.eri.ment  x"Gension
Station      Division      Totaal



^  74,w255.49 '         $  545,190.43
       82.03                 5,587.86

   31,955.00               539,179.43
                            122,362.'78
  547,858.62               510,542.34
  255,835.02 319,634.41  1,6.0.408.03
Q 710,016.16 319 .624 41 4 3. 35.3 270.90



Res a ricted:
Outste.nd.c1hs. i  5,323.78 ?
Restr. bals.  . 1.042,524.37
Total Restr.3 -1,047,83.15I
Total Curr. ' 3,371.478.48 5



104,000.25 248.073.79
104,000.25 7,72718,073.79
814.016.41 1567.698.20



"?   5,323.78
1,394,598.41
9' 1,39 ',922.19
G 4.753.193.09



Plant Funds:
Unexpended:
Res.for encumbrances:
  Current yr. k'U  9909,342.46 'jp
  Prior yr.       20,139.7G
  Surplus funds       391.126



Approp.bals.
Total Unex-
pended



Investment in
Bonds payable
Net invesued
  Total Inv est
  Total Plant


O+her Funds:
Bal.a.s to
principal
Bal.,s to
  income
  Total other
  funds
Total Liabili'



'S 1,041,708.79
    20,139.78
       391.26



    264,984.51    13,236.90               278,221.51

1.1234,5.11 '     55,603.23 $          $ 1,340,461.34

Plant:
2,ao,ooo0                $.00        $ 2,380,000.00
22,523,113.22 2 493,266.31            25 016,379.53
;.25.403,113.22 "'2 495.266.31   ;      27-,5,379.53
-26,687,971.532.48,869.54               2 __3_,_3_40_._7
     Loan         tndowment   Agency


     56,297.61   19B,428.18        ,       254,725.79
     20,641.45     ^ 5   10  53,824.05      73,700.30

              s   ,_~~~~~~~~~~~r
  76,939.05  200,6OQ  c.2853,824.05     331 426.39
l.es .S460.35




 









                      University of Kentucky
STATEAVMT OF C-HANGES IN UNAPPROPRIATED SURPLUS AND SURPLUS PLANT FUNDS
            For the Current Fiscal Per iod which began
              July 1, 1949 and ended April 30, 1950

                       Division of Colleges



General



Plant



To tal.



Balance, July 1, 1949



Additions:
Proceeds of Bond Issues
  Encumb.Licouiclations
  Transfers
  Estimated Income
  Overrealized Income
  Total Acditions
  Total Credits

Deductions:
Refunds-Prior Year Inc.
  Transfers
  Appropriations
  lotal Deductions
Balance, April 30, 1950



S. 743,705.30 $ 131,943.37 8 875,648.67



                252,928.82 ' 252,920.82
   53,777.37 2,007,960.70  2,061,738.07
                322,636390   322,8336.90
 4,253,030.87   186,761.00 4,439,841.87
 160 369.72                 160,359.72
 4,467.227. 0 2.7702a7.42 j7 237, 515.38
 f5,210,933.26 '290230.79 @8113,164.05


             $jo  9 7,480.72 $  7,480.72
   81,936.90                  31,936.90
4,9S6,292.64 2,894,353.81 7,860.651.45
55,048.229.54 ~2,901 .839.53 p;7 .950.039.07
162,703.7         491.2    163.094.93



A9cultural Experiment Station



General



Plant



T otal



Balance, July 1, 1949

Additions:
  Encumb.Liciuiaat ions
  Transfers
  Estimated Income
  Overrealized Income
  Total Additions
  Total Credits

Deductions:
Transfers
Appropriations
   Total Deductions
Balance, April 30, 1950



370.931.00 $      90.84 $ 371,021.84


'  19,249.94 $      177.02 $   19,426.96
                 73,110.09    73,110.09
 1,149,102.21               1,149,102.21
    20,627.66                  20.627.66
$1,188,979.81    73.2Q7.11 j1,262.266.92
Q1,559,910.81 $  73,377.95 51,633,288.76


$  73,810.09 $             $   73,810.09
1.138.262.10    7,) 377. ''5 1A211.640.05
51.212.072.19    73377.95 31285,450.14
3 47,838.62l               347.338.62




 







         University of Kentucky
     STATMMENT OF UNREALIZED INCOM-i1
For the Current Fiscal Period whlaich began
July 1, 1949 and ended April 30, 1950

             General Fund



Budge'
-s tima te



Realized
to Date



Unrealized
Balanc e



Division of Colleges:
Educational and General:
  State azppropriac ions
  Fed .grants ( through the
  St.ate)
  Student fees
  Endowment income
  Sales and services
  Rentals
  Returned checks
     Subtotal

Auxiliary Enterprises:
Residence halls
viiS cellaneous
     Subto Cal
     Total-Colleges



Less-Income allocated
plant
   Net-Colleges



'o



$2,500,677.50 $?2,4'-75,979.44 '



126,795.37
1,333,067.50
   9 ,44 ,50
   58,850.00
   9,000.00



1.02,097.31
1,410,598.23
   9,644.50
   72,796.97
   9,248.00
   1 079.50*



24,698.06

24,S98.06
77,530.73*

13,946,97*
   248.00*
 1.079.50



4.038.0O34.87 .z4,079,284.95 5  41,250.00*


  353,357.00 , 346,280.91     7, 076.09
    30,950.00    72,092.48    41,142.48*
3 384 ,307. 00 0  413,373.39 $  34 063 39*
S4,422,341.87 54,497 ,658.34  75,,316.47*


  169.2,61.00   84,207.75    35,053.25
54,253,080.87 Qy4.'413,450.59 $180,362.72*



Agricultural Experiment Station
State appropriations     $ 374,250.00
Federal grants(direct)       309,952.21
Sales and services          464 900.00
    Total-'Ixperiiment Sta. $1.1490102.21



0 381,250.00 @
  309,952.21
  478.527.66
51,169.729.87 N



7, 000.00*

13,627.65*
20, 327. 6



Agricultural 2:vension Divi
State appvoPriations
Federal grants(direct)
    Total-Agricultural
    extension
    Tot al-General



General income allocated
Inventory overhead
   Total -Plannt

   Combined Total



.sion:
7i) 357,850.00
1.152.265.47



.V 357, 850.00 $
1.1]52.265.47



S.51S0 115.47 81,510O1l5.47 L;
  $ 12298,55 ,Q7.093,295.93  L_10,997.8*

  Plant Fund
6 139,261.00 q   84,207.75 7  85,055.25
   17,500.00     15,526.72      1,973,28
. 186.7S1,00    99,734.47 $   87,026.53

  op7.09.5 9 .5 5  19 3. 0 30. 40 . ;  93,970.85



*Realized in excess of estimate.




 






        Universit y of Kentucky
STAT IHENn OF D0P.T5:EA     I0PL RPROPRIATIOI S
For the Current Fiscal Period ;rhich began
July 1, 149 and ended Aprpil 30, 1950


           General Fund



              Depart.
              Avrro;c .

Division of Colleges:
AdrjnC .C- General ExD:
Gen.Ad-m.oTfs.  2.33,139.36
Student welfare 17,693.00
General expense 87,177.50
    Subto:-al '2 338,009.86

 Instruct-ion and Research:
 College of -
 Arts and Sci$1,370,895.53
 Enginenring    308,820.00
 Commerce      168,226.00
 Agricult-ure and



Home  c.
Law
E.ucati on
Pharmacy
Graduatle School
Universit y Res.
Librarcy
Univ. Ex. ension
Other Act-ivs.



225,4117.00
62,937.31
310, 300.11
89. V006.04
  9, 740 . 00
  30,000.00
59,122.37
144,459.40
  5.550.00



Subt-ot al 'Z 074. s.76



Operation and Maint enance
o:f- PhlYSiC~l Plant,~l e~Lc.
Gen..approp. .i 642,271.98
Spec.approps.  170,000.00
Work in p)rogress 30,000.00
Gen.stores,ebuc. . 50,000.00
   Sub to-tal  : 392.9271.93



ZxZpencli-
zures



181,935.82
13,003.47
54.098.60



Lncum-
brances



3, (0O 3.49

20.690.47



Free
Balances



47, 250.05
.1,, t .60
12,5388.43



2jr,9,;37.89 25,522.3 . 3,4Q9.03



l,) 1047,09C-1.26'
  272,720.32
  1o,?885 .03

  178,204. 3
  47 657. 5
  218,333.25
  60,721.05
    7,7020.83
    6,374.13
  218,982.56
  06, 620.33
      458.23
~2. ;. . 6 1.5l4 ..



405,150.3 3 ;'.
42, ?773.06
4-5, 279 . 11
46,982 .05*4
5 36S. 223 . 45 ,D



44, 492. 60
..22,034.67
1,1401. 52



. .



2, 034.50
1,355.96
6, 7653.75
11,370.95
    1I .57
11),95.40
  7, 534.81
  5,055.52
     31.00
114.082.25 n



34,594.23
07,500.44
C,)948.62
42,9837.22
185.330.51



27OP411.67
104 ,035.01
36,550.45

45,007.034
13,92S3.79
84,8753.11
15,914.04
  1,935.60
  11,630.47
  32,S05.00
  42,3783.52
  5,060.77
673,80.27



112, 518.42
20,423.50
25,227.73*
54, 00.83
170,718.02



Auxiliary En3-er,!)rises:
Residence Halls 32l3,597.04
Miscellaneous   332,940.00
    Subt otal   - 661,557.04;



Total-
Colleges  '4.966,292.34



239,4 2 .40
135.264.09



20,225.30
125,773.52



-C



75 94D .94
71, 902. 39



  '370686.49 7TE45T-00.32 r 147,5152:,
_ _ _ _3 _ _ _ _ _ _ _   _ _ _ _ _ I-)   1 2



FV3.40.45? .07 'tX 470,934.97 J,.054.308.60



*Negative number



I I  




 








        University of Kentuckzy
STATEMIT 07 DEPART7ENTAL APPROPRIATIONS
For the Current Fiscal Periol which began
July 1, 1949 and ended A1pril 30, 1950

            General Fund



Depart .
Ap-ro2.



Axjendi-
tur es



Encum-
brances



Approp.
Balances



Apxriculturatl Ern:eriment



Station:
Administration
Agronomy
Animal Hueb.
Animal Pcath.
Creamery Lic.
Dairy
Dairy Cattle
I mp r ovemen t
Entomology and
Botany
Farm 7conomics
Feed & Fert.
Home Economics
Horticul 'Gure
Narkets & -Rural
Finance
Poultry
Publications L'
Library
Public Service



121,016.71 $
183,435.00
80,564.22
64,050.00
12,000.CO
43,335.00

15, 000.00

76,270.00
57,685.00
140,000.00
17, 100.00
41,580.00

84,32.4 . 00
30a,133. 00

30, 247.17



78,580.04 -r
133,648.83
56,785.67
53,703.80
9,339.36
36,823.46

10,256.91

47,351.36
45, 644.9 5
B3,434.11
14,151.52.
31,052.07

58,304.76
25, 500.36

13,699.92



5,814.27
2,115.1S
3,917.70
  353.86
  185.9-4
1,132.67



1,919.3'7

7,004. 59
     6.00
42,027.80

1,077.78

   409e84
   590.12

 1,137.63



Labs.
Regional ReE
Robinson SubE
Rural Sociolc
Seed StAocks
lest 1y. Subs t
  Total-Agri-
  cul-ural
  Exp.Sta.



sta.
Ty



'4,  



3,6202.40
42,671,01
19,830.85
S.,987.,4
2,174.70
5,373.87



2,823.22

21,414.05
1J,034.04
14,538.09
2,949.48
9 450.15

25,609.40
4,097 .52

15,359.62



30, 000.00
9,425.00
22,400.00
32-1,242.00
7,000.00



~2,740 .47
7,054.39
14, 657.12
20,355.29
5,006.25



  210.36

4,0900,1 0
  231.,90



7,040.97
2,370.61
3,652.58
11,604.81
12993.75



;a. 40,400,00 ,   34,225.94      1,924.50      4,249.56


._38.262.10 ::; 03, 121.59 r'. 74,255.49 ~ 255,805.02




 








        University of Kentuclky
STATa.ENT OF DEPARTMENTAL APPROPRIATIONS
For the Current Fiscal Period which began
July 1, 1949 and ended April 30, 1950

           General Fund



Depart.



Zxpendi-
tures



Lncurn-
brances



Approp.
Balances



Agricultural Ext-ension Division



Ad-ministration  43,348.00
Agr.Engineer.   23,900.00
Agronor.my      32,860, 00
Animal Husb.    20,240.00
Clothing        11,600.00
County Agents  709,202.81
Dairy           20,660.00
Farm & Home Con. 1,500.00
Farm Management 12,520.00
Forestry         9,780.00
Foods           10,900.00
Hoome Dem.Agents 410,372.78
Home Management 27,700.00
Horticulture    16, 545.00
Junior Clubs    70,00.00
Markets         15,290.00
Poultry         20,830.00
Publications    15,853.34
Public Informa. 162860.00
Rural Sociology   5 ,300.00
Miscellaneous    15,000.00
   Tot al-Agr i-
   cultural
   xtensi on



Division



Combined
Total



38,411 .05
15,348.60
26, 474.76
17, 312.37
9,395.17
550,288.41
16,476.85
1,317.53
11, 552.70
8,974.44
8, 834.78
340,920.35
20 r9C .93
13,845.43
55,957.23
  9,310.38
  15,679.54
  11, 410.12
  13,937.48
  3,710.40



$    4,936,95
    3, 551.40
    6, 385. 24
    2,927.53
    2,204.83
  158,l14.40
    4,133.15
      182.47
      967.30
      80 5. 56
    2,065.22
    69,452.43
    6, 700.07
    2,699.57
    14,032.77
    5,479.62
    5,150.*46
    4,443.22
    2,922.52
    1, 589.60
    15.000.00



1,510,281.9.3 L1,190657.52 $            r  319,624.41


$7.614, 8q36.67     238.18 $  545,1905 03



Q




 




        University of Kentucky
   STATiENT OF PLANT APPBOPRIATIOi-S
For the Current Fiscal Period which began
july 1, 1949 anc. ended April 30, 1950


              Plant Funds



De-pt.
AiD Dro,).



Ex-Dendi-
tures



Encum-
brannces



Division of Colleges:

P.I0T.A.First Bond
  Issue       $   36,507.00
PJ. tt .A.Second Bond
Issue           15,288.00
Dorm.rev.Boncd Iss.22,695.85
Audit-Fldhse. I ss. 107,431.37
Libr.&8 Sv.Bldg.Bond
Issue           19,166.77
Stadium  Rev.Bond
  Issue           28,941.45
Dorm.Issue-Rose S'.41 ,396.22
Dicker House
Annuity-            500.00
Fieldhouse    1,170,421.27
Norwood Hall
  Fire Loss Bal,  15,911.25
  Sv .B1dg.Constr. 692,417.72
Fine Arts Bldg.  208,040.74
Dairy Center       6,356.45
.elephone Exch.
Install.         2,626.16
Journalism      465,000.00
New Sci.Blfdg.
Ad,'to Dairy Prod.
Bldg.            3,106.07
McLean Stadium
  Improv.         35,138.00
Sprinkler System  4,443.32
Dorm. Constr. -Rose
St.
Libr.& Sv.Bldg.Cl.15,526.72
Refunds of Adv. from
Fed.'."Tork



Journalism Bid
Issue
   Subtotal



g.Bond



3,786.3B $

15,267.84
4,142.50
22,455.51

14,635.00



23,925.00
41,396.22



   222.56
7c37,939.78


453,329 .55
199,931.64
  3,878.06

  172'.49
  20,744.55



   140.00
334,668.27


227,583.17
10,469.33
2,047.00

2,400.00
411,377.31
     57.30



34,897.66



$  32,720.52

       0. 16
   18,553.35
   84,X 975. 86

   4 ,531.77

     5,016.45



  137.44
47,7 63.122

15,911.25
11,000.00
2,360.23*
   431.39

   46.67
32,877.64
    57*30

 3 ,106.07



  290.34
4,443.32



15,526.72



10,594.58



10 594,58*



     2,8944      02,250.00                     644.45
$,;2.84.358.8J. Q1.   1.4     9945       $  264,984.6l



Agricultural 7x2Leriment Station:
Animal Path.



Bldg.
Reps.& New
EqUip.
   Subtotal
   Combined
   Y otal



NP  3,377.95 Jp



*Expenditur1es (; encumbrances in excess of approp. or negative figure.



Free
Balance



232.67 $



3,145.28



    70 000.00  - 17,542.05     42%36633      10 091 62
'' 73.377.95     17.-774,72  $   66.33       13.253690

''2.967,736.76 p1.647.306.46 8l 041 7OB.79 e 278,221.51



6
p




 






        University of Kentucky
  STATZMENT OF OTHER FUND TRAPSACTIONS
For the Current Fiscal Period which began
July 1, 1949 and ended April 30, 1950



Balance
July 1,1950  Receipts



Disburse-
ments



Balance
April 30,1950



Restricted Funds:
Div.of Colls.S1,363,550.28
Agr.Exp.S S-.a.  93,572.02
Ao'7r"'  .



Su bo tl,.w.   .



Loan Fund:
Principal
Income
  Subtotal



$2,l94, 693.45
   94,781.23
   474.735. .18



,?2,515,719.36 9l1,042,524.37
   84,353.00   104),00.2. 5
   2922.004.02  24S.,073.79



sil, 522 449312.6.293       39,    76.338   9T9.i
   .-L,52464.9,3 T2 7 i6


6. 56,297.61 ;'           $                 56,297.61
   188,00.20     1 342.90         1.65     20,641.45
75,097.1      1,42.90          1.65     76,939.06



Endowmen' Funds:
Principal   l. 198,423.13 6
Income          2,130.37
  Subtootal   2 00,585.55 



252.53
252.53 .T



      *,  193,423.13
147.80     2,235.10
-47.BO a.3 200,S33.23



Agency Funds:
Balances      g52,343.13 2, 310,033.32 $ 308,557.40    5324.05



Combined
Totals



ou1,850,464.42 LS ,076,343.01 03. 200,783.23 $1.72650?,4.80



                      University of '.entucky
          STAT2iENTm CF CO!7BINEtvD RECZ7PTS AND ;XPiN ITURTS
             For the Current Fiscal Period which began
             July 1, 1949 and ended April 30, 1950

Receipts and mransfers:



G-eneral Income
Plant . Income
Restricted Receipts
Loan Fund Receipts
Zndowment Fund Receipt-s
Agency Fund Rkeceipts
   Total Receirtis



$ 7,093,2%5.93
    99,734.47
 2,734,209.86
     1, 342.90
       252.53
   310.033.32
510,26S , 574. 01



Q2en1ditures and Transfers (      Includni Encumbrances):
General Fund Expenditures
Plant Fund. ]xpenditures
Restrictied Fund _xpenditures
Loan Fund 2x':endietures
Endowment Fund Exp endi tures
Agency Fund Expenditures
   Total. Ependitures



Q 51084t428,54
2,639,515.25
2,392,076.33
         1.35
       147.80
   303.557.40
11 747212



. .




 









              University of Kentucly
STAT2I-NET OF STATE AND FEDE-'-AL ALL07MZNTS
     For the Current Fiscal Period which began
     July 1, 194' and ended April 30, 1950



Allot tted
to Date



_xlpendi-
turres



Encum-
brances



Free
Balance



Division of Colleges

State Allotments:
   Current yr.,2-0,586 721.25 $2,423,481.48 $  40,710.94 $ 119,523.B3
   Prior 1 ns     - e1339.70                   239.70
   Total     2,586. 2o0.  j 426, 481.43   40,*,S50.564  1199,523.83

 Revolving Funds:
   Current -yr. 5,055,563.65 "2,S25,482.61 $1,233,635.00 $j,194,446.04
   Prior yrs.   198,796.92    151,432,23     25,405.91    21,958.78
   Total     ;5255,360.57 'i,2,779,914.34 *1 .,259,040.91 $,1,.16,404.82

Agricultural Exueriment Station



State Allot.ients:
Current yr. Q 381,250.00 $ 345,312.75 $
Prior v7rs.
Total     '1 31,250.00 .tL245L312.75  



3,911.34 $ 131,525.91



3,911.34  l31.525.9l~~~~~~~



Revolvinr4 Funds:
  Current yr.$7 793,832.38   3 t50,532.91 $
  Prior yrs.     7,130.01      5,539.13
  T'ota-l a   800,962.39  , 353,122.04 2



73,941.17 $
   82.03
79. 0103. 20   ~-,



79.Q23~-- 20



364,308.30
  1,508.35
- 35,8?.5



Federal Funds:
  Current yr,.  324,476.15 $ 229,500.65 ,
  Prior yrs.
  Total a&l, 32477.l5 ;2I 229.500.65 T



Agricultural x'tension Division

State Allotments:
   Current yr.   357,350.00   299,336.24 $
   Prior yrs.
   ot al     .357,850.00    -2983BG6.24

Federal AllotDments:
  Current yr.Tr, 152,431.9s3 $; 390,771.23 ,0
  Prior yrs.     _____



$  94,975.50

~1 0   7F   F



            $  57,963.76

___________  $  57,963.76



$  261,560.65



Totall452,431.93 $ -90,7 71.28 tl .          61, 630. 65



365.al?.15



- w- *, . v * v . vv



3.911.3-4. 8 131.525.001



-



Total




 






11



     Upon motion duly made, seconded and carried, the report of the
Comptroller was authorized received and made a part of the minutes.


     C. College of Veterinary Science.

     President Donovan read a prepared statement concerning the es-
tablishment of a College of Veterinary Science at the University.


          There has been much interest on the part of many
     farmers and livestock breeders of the state in the es-
     tablishment of a school of veterinary science at the
     University of Kentucky.   At each meeting of the General
     Assembly for the past eight years I have been petitioned
     by Representatives and Senators to initiate a movement
     that would lead to the establishment of a college of vet-
     erinary science.   The demand for such an institution
     has increased greatly since the war when Kentuckians
     were shut out of such schools in other states because
     of the large enrollment of native sons only.

         Mr. Hal Price Headley, acting on behalf of the Keene-
    land Association, agreed last winter to give the University
    $500,000 if this sum could be matched by the state.   I
    submitted the proposal to Governor Clements and he has
    manifested an interest in it.   I also talked to Dr.
    Coffee, who is President of the Americaln Veterinary Med-
    ical Association, about the proposal because he is
    probably as well informed on what a school of veterinary
    science  i.  cl Co.- as any man in the United States.  When
    he infovmally S sorted to me what was involved if such
    a school was recognized by the American Veterinary Med-
    ical Association, I became very much discouraged over the
    possibility of our establishing such an institution
    because of the very great expenditures necessary.

         While in attendance at the meeting of the National
    Association of State Universities the first week in May,
    I discussed this question with several university presi-
    dents who had recently established schools of veterinary
    science and in each case the president discouraged our
    undertaking such a proposal unless we had large sums of
    money available for its establishment and maintenance.
    After returning from this meeting, I wrote Governor
    Clements a letter on the subject, a copy of which I sent
    to each trustee, for his consideration.   I believe we
    should know what such an undertaking will cost before
    becoming involved in the establishment of a new college
    at the University.   I am thoroughly convinced the general
    public has no concept of what a school of veterinary
    science costs today.   Members of the General Assembly




 







                                                             12



when talking to me usually suggest that we can get an
appropriation of from $50,000 to $100,000 for its main-
tenance once established.   The data which I have as-
sembled show that this would not suffice to operate such
a school.

     The demand for admission to schools of veterinary
science today is not as great as it has been for the past
five years.   A young man with a good scholarship record
can secure admission to one of the nineteen schools of
veterinary science now established in this country.   Re-
cently I had communications from both Oklahoma and Texas
asking if there were students at the University desiring
to take veterinary science who would like to attend their
institutions.   We can usually get two or three of our
boys in at Ohio State University and I do not believe it
will be difficult in the future to get about the same
number admitted to a number of colleges of veterinary
science.  Now that we are a member of the Board of Control
for Southern Regional Education, Kentuckians desiring to
study veterinary science may be admitted to some of the
southern schools if the state will pay $1,000 per year per
student for the support of this program.   ri is would be
a much more economical proposition than for us to estab-
lish a school of veterinary science in Kentucky.

     If we had a school of veterinary science at the Uni-
versity, the enrollment would probably be limited to about
thirty-five or forty entering students per year.   This
would mean that not more than a hundred to a hundred and
five students would ever be enrolled at any one time.
Assuming that a hundred students would be the average en-
rollment in the school of veterinary science, we can buy
the service elsewhere for $100,000 per year, whereas if
the University maintains an institution to offer this
service, the cost would certainly be not less than $250,000
per year, and it might run higher.   This does not take into
consideration the capital investment that would be involved.

     The University of Kentucky has at present a Department
of Animal Pathology which specializes in the study of animal
dkseases. It is largely a research department and its
standing is recognized throughout the United States.    In-
deed it is regarded as one of the best departments of this
kind in existence.   A number of people with whom I have
talked about this subject have suggested that it would be
much more valuable for us to enlarge this department and
strengthen it rather than to establish a school of veterin-
ary science.

     Educators everywhere are coming to the conclusion that
every university cannot provide every type of service needed
by a state but that in certain fields where only a limited




 







13



number of people are involved in a vocation or profession
regional institutions should be established and an exchange
of services provided.   In such fields as forestry, mining,
pharmacy) veterinary science, medical technology, et cet-
era, a few strong centers are much more economical than
for each state to provide this training and none of the
states to have outstanding programs because of the high
cost involved.

     In view of the very generous offer made by the Keene-
land Association through Mr. Hal Price Headley, it appears
to me that this question should be settled by the Board of
Trustees as Mr. Headley is entitled to some answer from us.
Personally, I may say that I had hoped that we could have
a school of veterinary science at the University of Ken-
tucky for it has always seemed to me that this is the
logical place for such a school because of the great in-
terest in livestock in this region.   However, since
learning of the huge sum involved in establishing such a
school, my enthusiasm has waned because I do not believe
our state will adequately support a school of veterinary
science if it is once established.   This conclusion is
based on the fact that we already have in the University
of' Kentucky some departments that were established as a
result of public demand that have never been adequately
financed and can never be considered great departments
until they have better financial support.

     About a week ago Mr. Hal Price Headley called to see
me for further discussion of the proposal he had made on
behalf of the Keeneland Association.    I reviewed for him,
much as I have for you today, the information I had re-
ceived from other sources relative to the cost of estab-
lishing and maintaining a school of veterinary science.
He was greatly disappointed to receive this information
and stated that he still hoped that we might be able to
persuade the state to go ahead and properly finance this
project.   Mr. Headley expressed a great personal interest
in seeing that a school of veterinary science was estab-
lished at the University of Kentucky and stated that he
felt that the Keeneland Association would look with favor
upon making grants for its support from time to time in
the event we went ahead and did this.    He also felt that
the interest of a number of horsemen might be enlisted if
an effort was made to do so.

     I have presented to you such information as I have been
able to collect on this subject.    I feel that I would be
derelict in my duty if I did not make the members of the
Board of Trustees conscious of the very high cost of the




 






14



establishment of this college, but I think that after I
have presented these data, the decision on so important
a matter should rest with a board of fifteen citizens
representing every section of Kentucky as to whether or
not we should establish a school of veterinary science.

      It probably is desirable for the Board to invite a
 committee of from three to five well qualified persons
 to make a very thorough investigation of this problem.
 Such a committee should visit other institutions that
 have schools of veterinary science and find out something
 about their operation and the cost of maintaining them,
 also explore the possibilities of getting some of our
 neighboring states to agree to help in the support of
 this new college.   Mr. John E. Ivey, Jr., Director of
 the Board of Control for Southern Regional Education,
 has indicated that there may be a possibility of getting
 some support from Tennessee, West Virginia, Virginia,
 and Maryland.

     Since dictating the above, I called President John
Hannah of the Michigan State College and asked him if he
could furnish me with the cost data on the college of
veterinary science at his institution.

     President Hannah reported that they had two old
buildings devoted entirely to veterinary medicine; one of
these, the Animal Pathology Building, cost $200,000 about
twenty years ago, and the Veterinary Clinic cost $250,000
when it was constructed about twenty-five years ago.    The
last session of the Legislature of Michigan gave the in-
stitution a new veterinary science building which has been
contracted for at a cost of $2,490,600.

     President Hannah reported that the operation and
maintenance of the veterinary science college cost for
the school year 1949-50, $383,107; the sum of $284,942
was spent for salaries, $51,900 for operation, and $12,865
for new equipment.

     The Michigan president stated that it cost as much
or more per student to operate a veterinary science
college than it does to operate a medical school.    The
average cost is about $1,500 per student per year in state
ap