{
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        {
            "id": "p2.1",
            "order": 1,
            "type": "heading",
            "bbox": {
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            "text": "IV. Information Items",
            "attrs": {
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            "level": 3
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            "id": "p2.2",
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            "bbox": {
                "l": 122.4,
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            "text": "Prior to commencing with the information items, Chair Dukes requested that the presenters limit their presentations to ten minutes and that Regents limit themselves to two questions per information item."
        },
        {
            "id": "p2.3",
            "order": 3,
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            "text": "A. FY 2023 Budget Update",
            "attrs": {
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        {
            "id": "p2.4",
            "order": 4,
            "type": "text",
            "bbox": {
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            "text": "Dr. Wendy Dixie, Acting VP, Finance & Business Affairs, presented this agenda item. Dr. Dixie reported that the FY 2023 budget is still being reviewed and will not be finalized until the adjusted entries are completed as part of the FY 2023 audit. Therefore, she advised her presentation was intended to provide information as to the current budget review status."
        },
        {
            "id": "p2.5",
            "order": 5,
            "type": "text",
            "bbox": {
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            "text": "Next, Dr. Dixie presented the FY 2023 budget to actuals, identifying a current total deficit of $1,973,139.78. She also discussed operating expenses that exceeded $100,000. Further, she informed the Board that she is working with CPE to go line by line to ensure that expenses are properly categorized."
        },
        {
            "id": "p2.6",
            "order": 6,
            "type": "text",
            "bbox": {
                "l": 122.88,
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            },
            "text": "Regent Hatchett queried where CBIZ was represented in the list of expenses exceeding $100,000."
        },
        {
            "id": "p2.7",
            "order": 7,
            "type": "text",
            "bbox": {
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            "text": "Chair Dukes asked Dr. Dixie whether she anticipates uncovering any more prior expenses. Dr. Dixie replied affirmatively, and President Akakpo concurred."
        },
        {
            "id": "p2.8",
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            "type": "text",
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            "text": "As to the FY 2023 expenses that are still being discovered, Regent Walston inquired whether they were expenses funded by federal grants or the University's E&G fund."
        },
        {
            "id": "p2.9",
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            "type": "text",
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            "text": "Regent Hatchett asked whether Dr. Dixie was able to formulate a strategy for dealing with the bookstore deficit, and further asked whether the bookstore deficit is typical. President Akakpo echoed Regent Hatchett’s concern."
        },
        {
            "id": "p2.10",
            "order": 10,
            "type": "text",
            "bbox": {
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            "text": "Chair Dukes requested Dr. Dixie to expand upon the “Other” category identified in the FY 2023 Auxiliaries slide."
        },
        {
            "id": "p2.11",
            "order": 11,
            "type": "text",
            "bbox": {
                "l": 123.12,
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                "r": 541.68,
                "b": 291.6
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            "text": "Regent Walston asked why staff and faculty members have been unable to obtain paper from Ricoh since July. Mr. Michael DeCourcy, Acting Chief of Staff, explained the relationship between Ricoh and the University, and clarified what each party is responsible for providing."
        },
        {
            "id": "p2.12",
            "order": 12,
            "type": "text",
            "bbox": {
                "l": 123.36,
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            "text": "Regent Moyer asked whether the numbers were likely to improve or worsen as FY 2023 is finalized. President Akakpo and Dr. Dixie responded that the numbers are likely to worsen, though they are hoping for the best. Regent Moyer also asked what the consequences would be in the event of a negative budget/outcome for FY 2023, and whether that amount needs to be rolled into the FY 2024 budget. Lastly, Regent Moyer inquired as to the University’s current unrestricted cash balance, relative to the amount KSU would like to have as a cash balance."
        },
        {
            "id": "p2.13",
            "order": 13,
            "type": "text",
            "bbox": {
                "l": 123.36,
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            "text": "Vice Chair Adams asked Dr. Dixie to confirm that the revenue sources were all reconciled, and that the remaining work was focused on re-categorizing expenses and reconciling new bills as they are discovered. Dr. Dixie replied affirmatively."
        },
        {
            "id": "p2.14",
            "order": 14,
            "type": "text",
            "bbox": {
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            "text": "Hearing no further questions, Chair Dukes thanked Dr. Dixie for her presentation."
        },
        {
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            "order": 15,
            "type": "footer",
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            "text": "Page 2 of 4",
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