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            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS AGENDA ITEM BACKGROUND",
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                    "text": "To: Board of Regents\\nFinance and Business Committee",
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                    "text": "Date: October 23, 2009",
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                    "text": "From: Alice B. Johnson\\nVice President for Finance and Business Affairs",
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                    "text": "Subject: Approval of Revised FY10 Financial Plan",
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                    "text": "Reason for Consideration: Action Item",
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                    "text": "Enclosures: Yes",
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            "text": "Revision of FY10 Financial Plan is necessary due to reduction in FY 10 Enacted State Appropriation funding by General Fund Budget Reduction Order 10-01, issued on September 18, 2009 by Governor Steve Beshear. Kentucky State University's enacted FY 10 State Appropriation Funding was reduced by $2,540,600 from $27,180,100 to $24,639,500."
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            "text": "Educational and General Expenditure categories have been reduced to bring budgets in line with revised State Appropriations Funding FY 10:"
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            "text": "CPE also funded a Stewardship of Place grant in the amount of $288,000. Revenues and expenses for this grant have been reclassified to Restricted Funds."
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