{
    "document_id": 15117,
    "page": 38,
    "width_pt": 612,
    "height_pt": 792,
    "rotation": 0,
    "pipeline_version": "paddleocr-vl-1.6+paul-48",
    "engine": "paddleocr_vl",
    "source_run_id": 15245,
    "item_count": 16,
    "counts_by_type": {
        "figure": 3,
        "footer": 1,
        "header": 1,
        "heading": 5,
        "text": 5,
        "title": 1
    },
    "build_ms": 1,
    "items": [
        {
            "id": "p38.1",
            "order": 1,
            "type": "figure",
            "bbox": {
                "l": 48.96,
                "t": 771.36,
                "r": 170.16,
                "b": 657.36
            },
            "text": "",
            "attrs": {
                "role": "page_header",
                "block_label": "header_image"
            }
        },
        {
            "id": "p38.2",
            "order": 2,
            "type": "header",
            "bbox": {
                "l": 447.6,
                "t": 619.68,
                "r": 581.76,
                "b": 607.68
            },
            "text": "INFORMATION ITEM 4F",
            "attrs": {
                "block_label": "header"
            },
            "level": 2
        },
        {
            "id": "p38.3",
            "order": 3,
            "type": "figure",
            "bbox": {
                "l": 0,
                "t": 792.7,
                "r": 604,
                "b": 646.7
            },
            "text": "",
            "attrs": {
                "source": "pdf_image"
            }
        },
        {
            "id": "p38.4",
            "order": 4,
            "type": "title",
            "bbox": {
                "l": 205.44,
                "t": 734.64,
                "r": 566.4,
                "b": 690.48
            },
            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS",
            "attrs": {
                "block_label": "doc_title"
            },
            "level": 2
        },
        {
            "id": "p38.5",
            "order": 5,
            "type": "heading",
            "bbox": {
                "l": 34.08,
                "t": 595.2,
                "r": 154.08,
                "b": 583.2
            },
            "text": "INFORMATION ITEM",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p38.6",
            "order": 6,
            "type": "text",
            "bbox": {
                "l": 33.36,
                "t": 570.24,
                "r": 504.72,
                "b": 556.8
            },
            "text": "Update on the Management and Improvement Plan's Required Actions Concerning University's Endowment."
        },
        {
            "id": "p38.7",
            "order": 7,
            "type": "heading",
            "bbox": {
                "l": 33.84,
                "t": 545.28,
                "r": 72.72,
                "b": 533.04
            },
            "text": "FACTS",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p38.8",
            "order": 8,
            "type": "text",
            "bbox": {
                "l": 34.08,
                "t": 520.08,
                "r": 575.04,
                "b": 442.56
            },
            "text": "Kentucky State University, with active assistance from the Council of Postsecondary Education, has actively worked toward completing its deliverables for the current Management and Improvement Plan concerning the University Endowment. The majority of the endowment was funded by private donations during the \"Bucks for Brains\" Endowment Match Program, where the state matched public dollars to private donations at Kentucky universities. All funds, both public and private, were required to be endowed, to provide a perpetual source of funding for the activities supported. The Council on Postsecondary Education administered the program and the requests had to meet the Council's eligibility requirements.",
            "attrs": {
                "block_label": "abstract"
            }
        },
        {
            "id": "p38.9",
            "order": 9,
            "type": "heading",
            "bbox": {
                "l": 34.32,
                "t": 431.28,
                "r": 186.96,
                "b": 419.04
            },
            "text": "BUDGETARY IMPLICATION",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p38.10",
            "order": 10,
            "type": "text",
            "bbox": {
                "l": 33.12,
                "t": 406.08,
                "r": 575.04,
                "b": 354
            },
            "text": "The Kentucky State University Endowment had a total value of $19,559,653.54 on May 31, 2023. Per the Interim Endowment and Spending Policy, 4% of the 12-quarter rolling average would be available for distribution to accounts within the endowment, resulting in $793,045 of available funds distributed at 1% per quarter drawdown among the accounts. The accounts are split into faculty endowments, departmental endowments and scholarship endowments."
        },
        {
            "id": "p38.11",
            "order": 11,
            "type": "heading",
            "bbox": {
                "l": 34.56,
                "t": 342.72,
                "r": 151.92,
                "b": 330.24
            },
            "text": "RECOMMENDATION",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p38.12",
            "order": 12,
            "type": "text",
            "bbox": {
                "l": 33.84,
                "t": 318,
                "r": 567.84,
                "b": 292.56
            },
            "text": "Acting President Michael D. Dailey, PhD, recommends that the Board of Regents approve the Investment and Spending Policy and the Internal Endowment Policy before their interim statuses end."
        },
        {
            "id": "p38.13",
            "order": 13,
            "type": "heading",
            "bbox": {
                "l": 33.84,
                "t": 281.28,
                "r": 86.88,
                "b": 269.04
            },
            "text": "MOTION",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p38.14",
            "order": 14,
            "type": "text",
            "bbox": {
                "l": 33.6,
                "t": 256.56,
                "r": 101.76,
                "b": 243.36
            },
            "text": "Not applicable."
        },
        {
            "id": "p38.15",
            "order": 15,
            "type": "figure",
            "bbox": {
                "l": 0,
                "t": 71.15,
                "r": 604.8,
                "b": 0
            },
            "text": "",
            "attrs": {
                "source": "pdf_image"
            }
        },
        {
            "id": "p38.16",
            "order": 16,
            "type": "footer",
            "bbox": {
                "l": 394.56,
                "t": 41.28,
                "r": 530.64,
                "b": 29.28
            },
            "text": "Finance and Administration",
            "attrs": {
                "block_label": "footer"
            }
        }
    ],
    "excluded_furniture": {
        "first": [],
        "last": []
    }
}