{
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    "items": [
        {
            "id": "p4.1",
            "order": 1,
            "type": "text",
            "bbox": {
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            "text": "schedule of activities and 2023 external audit schedule for FYEs June 30, 2021, June 30, 2022, and June 30, 2023."
        },
        {
            "id": "p4.2",
            "order": 2,
            "type": "text",
            "bbox": {
                "l": 122.64,
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                "r": 541.2,
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            "text": "Chair Dukes asked whether all constituents and stakeholders are aware of the completion dates and timing of the 2021 and 2022 audits."
        },
        {
            "id": "p4.3",
            "order": 3,
            "type": "text",
            "bbox": {
                "l": 123.12,
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            "text": "Next, Dr. Burnette provided a cash position update as of April 30, 2023, stating that KSU had 35 days of cash on hand given current expenditures. Dr. Burnette anticipated that KSU will end the fiscal year with roughly $5 million."
        },
        {
            "id": "p4.4",
            "order": 4,
            "type": "text",
            "bbox": {
                "l": 123.12,
                "t": 602.16,
                "r": 541.44,
                "b": 576
            },
            "text": "Dr. Burnette also shared the upcoming activities of the budget office occurring over the next three months."
        },
        {
            "id": "p4.5",
            "order": 5,
            "type": "text",
            "bbox": {
                "l": 122.88,
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            "text": "Regent Hatchett asked how the draft of “Budget to Actual Future Report” was being generated, and queried whether Banner was being used to its optimal capacity."
        },
        {
            "id": "p4.6",
            "order": 6,
            "type": "text",
            "bbox": {
                "l": 123.12,
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                "r": 541.44,
                "b": 505.44
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            "text": "Regent Moyer inquired whether the unit or activity based budget reports reflect imputed revenue generated by each unit, especially academic units."
        },
        {
            "id": "p4.7",
            "order": 7,
            "type": "text",
            "bbox": {
                "l": 123.12,
                "t": 498.24,
                "r": 541.92,
                "b": 457.44
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            "text": "Regent Moseley asked whether the recently discovered unpaid invoices from vendors had PO's attached to them, and how vendors who are not registered with KSU can be prevented from providing goods and services to the University moving forward."
        },
        {
            "id": "p4.8",
            "order": 8,
            "type": "text",
            "bbox": {
                "l": 122.88,
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            "text": "Regent Hatchett inquired why he did not receive this financial information in advance of the meeting, in compliance with Gold Book requirements."
        },
        {
            "id": "p4.9",
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            "type": "heading",
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            "text": "E. FY 24 Budget Review",
            "attrs": {
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            "level": 3
        },
        {
            "id": "p4.10",
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                "l": 122.64,
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            "text": "This agenda item was presented by Interim President Johnson and VP Burnette. Dr. Johnson stated that the update would cover 3 segments—expenses, revenues, and a combination of the two. Dr. Johnson then presented a FY 2024 expense forecast."
        },
        {
            "id": "p4.11",
            "order": 11,
            "type": "text",
            "bbox": {
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            "text": "Chair Dukes asked several questions regarding Banner relative to the $300,000 cost to transition from ADP to Banner. Chair Dukes also queried how long KSU has been using Banner, and inquired into ongoing costs should Banner be used for payroll."
        },
        {
            "id": "p4.12",
            "order": 12,
            "type": "text",
            "bbox": {
                "l": 122.88,
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            "text": "Moving ahead to projected revenues, Dr. Burnette reported that the projected total revenue for this time period is $49.2M. Dr. Burnette noted that tuition and mandatory fees, as projected, are based on a headcount of 1,442/1298 FTEs and that the numbers for dining and non-mandatory fee categories are based on FY 2023 actual collections for on-campus students. Dr. Burnette stressed that the enrollment target must be reached in order to realize these revenue numbers."
        },
        {
            "id": "p4.13",
            "order": 13,
            "type": "text",
            "bbox": {
                "l": 123.12,
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                "r": 542.88,
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            "text": "Regent Hatchett commented that there appeared to be a big difference in the numbers being presented that day and the numbers that were provided in the Board Book, and requested that this not happen again."
        },
        {
            "id": "p4.14",
            "order": 14,
            "type": "heading",
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            "text": "F. APA Response Update",
            "attrs": {
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            "level": 3
        },
        {
            "id": "p4.15",
            "order": 15,
            "type": "text",
            "bbox": {
                "l": 123.12,
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            "text": "VP Burnette and AVP Glynn Edwards presented the APA Response Update. AVP Edwards began by sharing the progress that had been made on the report’s 20 findings and 90 recommendations. AVP Edwards stated that KSU’s formal report was submitted to the APA on May 19, then discussed the issue tracker tool being developed."
        },
        {
            "id": "p4.16",
            "order": 16,
            "type": "footer",
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                "b": 48.48
            },
            "text": "Page 4 of 8",
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    ],
    "excluded_furniture": {
        "first": [],
        "last": []
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