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            "text": "Kentucky State University\nBoard of Regents\nFinance and Business Committee\n10:00a.m., April 26, 2013\nFrankfort, Kentucky",
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            "text": "I. Call to Order",
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            "text": "MINUTES",
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            "text": "Regent Henry called the meeting to order at 10:17a.m. on April 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, present\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 January 25, 2013 Finance and Business Committee meeting was made by Regent Guarnieri and seconded by Regent Whitehead. The minutes stand as approved as presented."
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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": "Financial Overview",
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            "text": "Vice President Lockridge gave an overview of the Executive Summary Narrative and reviewed the financial statements including the Budget vs Actual for the nine months ending March 31, 2013."
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            "text": "The committee was informed [p5.16.1]at the external auditors from Dean|Dorton|Allen|Ford were on campus during the week of April 15 th to begin the year-end audit work.",
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                    "text": "^{th}",
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            "text": "Budgeting Process-Employee Benefits",
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            "text": "Vice President Lockridge stated that leading up to the Financial Plan there is a lot of work and conversation that goes into budget planning. A short presentation was presented which included the Employee Benefits Advisory Committee's (EBAC) role in the budget process. Lockridge made note that Neace Lukens had meet with the staff to present information on the Affordable Health Care Act and Healthcare Claims Utilization for the past year. Vice President Lockridge presented an overview of the employee"
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            "text": "Page 5",
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