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doc15384 B_Finance1012.pdf

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Page 1

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            "text": "October 26, 2012"
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            "text": "Regent Lavaughn Henry, Chairperson\nRegent Ron Banks\nRegent David Guarnieri\nRegent Syamala Reddy\nRegent Chuck Whitehead"
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Page 2

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                    "text": "October 26, 2012",
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Page 5

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            "text": "Kentucky State University\nBoard of Regents\nFinance and Business Committee\n9:45a.m., July 27, 2012\nFrankfort, Kentucky",
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            "text": "Mrs. Napier, Associate Vice President Business Operations informed the committee that the Perkins Loan default rate has been reduced significantly. She stated that a Strategic Plan was developed to work with the students before they get into default. She stated that the default rate last year was 38% and this year the default rate is 10.5%."
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            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS AGENDA ITEM BACKGROUND",
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                    "text": "Subject: Executive Summary",
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            "text": "Recommendation:",
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                    "text": "Alice B. Johnson\\nVice President for Finance and Business Affairs",
                    "attrs": {
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                    "text": "October 26, 2012",
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Page 8

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            "text": "KENTUCKY STATE UNIVERSITY\nBOARD OF REGENTS"
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            "text": "Report to the"
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            "text": "Finance and Business Committee"
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            "text": "Alice B. Johnson\nVice President for Finance and Business Affairs"
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Page 9

10 item(s) JSON
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            "text": "Kentucky State University\nFinance and Business Committee Meeting\nOctober 26, 2012",
            "attrs": {
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            "text": "Fiscal 2012 Audit",
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            "bbox": {
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            "text": "The audit report is being finalized. The initial timeline called for completion by October 5, 2012. However, the KSU Foundation Audit extended the timeline by one week. Final copies will be distributed."
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            "text": "For fiscal 2013, planned budget results are presented for July, August and September along with departmental budget changes by organization for each month."
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            "text": "Fiscal 2013 Financial Statements (unaudited)\nFor fiscal 2013, unaudited comparative financials are presented in item B4 for September 30, 2012."
        },
        {
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            "text": "Staffing Changes",
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            "text": "The following professional staff changes have occurred in the Division of Finance and Business"
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            "text": "Hired: Director, Accounting Services, Yolanda Spooney, September 4, 2012"
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            "text": "Planning & Support Specialist, Budget, Johnny Stevenson\nOctober 1, 2012"
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Page 10

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                    "text": "To: Board of Regents\\nFinance and Business Committee",
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                    "text": "Date: October 26, 2012",
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                    "text": "From: Alice B. Johnson\\nVice President for Finance and Business Affairs",
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                    "text": "Subject: Budget vs. Actual July, August and September 2012",
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                    "text": "Reason for Consideration: Informational Item",
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                },
                {
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            "text": "Background: For September 2012, revenues and expenses are presented for the Educational and General Fund (E&G), Auxiliary Fund, Land Grant and Action Agenda Funds. Budget vs. Actual does not include restricted grants and contracts."
        },
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            "text": "The state appropriates funds for Land Grant as required by the U.S. Department of Agriculture. Land Grant, Action Agenda and Auxiliary Funds are not available to the University for discretionary spending."
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                    "text": "State appropriations are received in installments of 30% (July), 25% (October), 25% (January) and 20% (April) of each year. At September 2012, $7.1 million of state appropriations and $550,000 of Agriculture Grant have been received.",
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Page 11

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Page 12

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header (1) table (1) table_cell (211)
Page 12
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Page 12 JSON
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Page 13

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header (1) table (1) table_cell (211)
Page 13
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Page 13 JSON
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}

Page 14

213 item(s) JSON
header (1) table (1) table_cell (211)
Page 14
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Page 14 JSON
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Page 15

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                    "text": "Cash and cash equivalents total $27.1 million and $32.0 million for August 2012 and 2011 respectively. This amount for August 31, 2012 includes $19.4 million that is restricted for Land Grant and Action Agenda programs and $3.6 million that is restricted for plant purposes. The remainder is current operating cash that will be disbursed for current operations during the year.",
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Page 16

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Page 18

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caption (1) table (1) table_cell (64)
Page 18
1 · CAPTION
2 · TABLE
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Page 19

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caption (1) figure (1) footer (1) table (1) table_cell (111)
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2 · TABLE
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115 · FOOTER
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Page 20

44 item(s) JSON
caption (1) table (1) table_cell (42)
Page 20
1 · CAPTION
2 · TABLE
3
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Page 21

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caption (1) table (1) table_cell (114)
Page 21
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Page 21 JSON
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Page 22

41 item(s) JSON
caption (1) table (1) table_cell (39)
Page 22
1 · CAPTION
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Page 23

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            "text": "Background: Human Resource Services has initiated and implemented several significant projects for the University as described below:"
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                    "text": "Met with faculty to explain the transition from nine month pay to twelve month pay.",
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                    "text": "Subject: Fiscal 2012 Audit",
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