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            "text": "KENTUCKY STATE UNIVERSITY\nRegular Meeting of the\nBoard of Regents\nFinance and Business Committee\nOctober 25, 2013\n9:15 am to 10:00 am\nBoard Room - Academic Services Building\nFrankfort, Kentucky"
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            "text": "EXECUTIVE SUMMARY",
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            "text": "Staff Additions",
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            "text": "The Division of Finance welcomed Ms. Deborah Martin as the Associate Vice President of Business Operations and Ms. Jane Ann Knotts as the Director of Budget, Policy and Planning to Kentucky State University."
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            "text": "Council on Postsecondary Education Budget Approach",
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            "text": "The Vice President Finance Administration has been engaged with the Vice Presidents of the other postsecondary institutions in the Commonwealth to decide on a funding model. This funding model will be utilized by the Council on Postsecondary Education (CPE) to make its FB 2014-16 Budget Recommendations the Governor and to the Legislative Research Commission. The discussion has been centered on several initiatives that support recently passed education legislation and others that have been deemed important to the Commonwealth. They include the following: College and Career Readiness; Research and Economic Development; Degree Production; Kentucky Adult Learners; and UK/KSU Land Grant funds. Various Trust Fund initiatives are being discussed. The evolution of the final model is planned as follows: The Vice Presidents (Chief Budget Officers) of each institution collectively review the detailed information surrounding the above areas and their respective fiscal implications. From those discussions, comes a recommendation to the Presidents of the postsecondary institutions. The Presidents make a recommendation to CPE. CPE will select the funding model and make the budget recommendations. At the present time, the Presidents are deliberating on their recommendations to CPE. CPE will probably make their decisions at its November 8th meeting."
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            "text": "Council on Postsecondary Education Request",
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            "text": "The Program Review and Investigation Committee has requested through CPE data for 10 year period (2001-02 to 2011-12) from all Public Higher Education Institutions. Staff is currently working to provide this information."
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