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            "text": "Kentucky State University\nBoard of Regents\nFinance and Business Committee\n9:15 am to 10:00 am\nJuly 26, 2013\nFrankfort, Kentucky",
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            "text": "MINUTES",
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            "text": "1. Call to Order",
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            "text": "Regent Henry called the meeting to order at 10:07a.m. on July 26, 2013."
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            "text": "II. Roll Call",
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            "text": "Regent Henry asked for the roll call, which was recorded as follows:"
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            "text": "Regent Lavaughn Henry, present\nRegent Ron Banks, present\nRegent David Guarnieri, absent\nRegent Syamala Reddy, absent\nRegent Chuck Whitehead, present\nMrs. Lockridge, present"
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            "text": "A quorum was declared."
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            "text": "III. Approval of Minutes",
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            "text": "Action:\nMotion to approve the minutes from the April 26, 2013 Finance and Business Committee meeting was made by Regent Henry. The minutes stand as approved as submitted."
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            "text": "Regent Henry recognized Mrs. Lockridge to carry the discussion forward."
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            "text": "IV. Vice President's Report",
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            "text": "Executive Summary"
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            "text": "Vice President Lockridge gave an overview of the Executive Summary Narrative.\nBudget vs. Actual year-to-date through May, 2013 was presented. Staff is working to complete the June financials for the fiscal year."
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            "text": "The committee was informed that the external auditors from DeanIDortonlAllenlFord have been on campus several times and will be back for about three weeks beginning the week of August[p5.16.1] to begin field work. Staff have been diligently working on the audit schedules.",
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