Minutes of the regular quarterly meeting of the Board of
Trustees of the University of Kentucky for Wednesday, June 3,
1931,


     The Board of Trustees of the University of Kentucky met in
regular quarterly session in the President's Office at 10:30
a. in., Wednesday, June 3, 1931.  The following Kiem-bers were
present;  Governor Flem D. Sampeon, Judge Richard 0. Stoll, Mr.
Louis Hillenmeyer, Mr. James 0. Utt4erback, Dr. W. W. Wash, Mr.
James H. Turner.   Meeting with the Board were President Frank L.
HoVey and Wellington Patrick, Secretary.

     The minutes of the April meeting of the Board and the min-
utes of the Executive 0o-iitutee since that tinge were on motion
duly seconded approved.

     1. Report of the Business Agent.   The following connmunica-
tion from the Business Agent was read and ordered incorporated
in the minutes:




     June
     Three
     Nineteen
     Thirty one


     Dr. Frank L. McVey
     University of Kentucky

     Dear Dr. McVey:

     IWe were unable to comT.lete ouT financial report for
     May in time for this meeting.   We will file it with
     the secretary for insertion in the minutes.

     It appears from a study of the receipts and expendi-
     tures to date and the estim-.ated receipts for June that
     it is probable tha.t the expenditures for the year will
     not exceed the receipts and t'le surplus of income over
     expenditures June 30, 1930.   Thlis includes expendi-
     tures for building operations.