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            "text": "ACTION ITEM 5B",
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            "text": "KENTUCKY STATE UNIVERSITY BOARD OF REGENTS",
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            "text": "Approval to enter into contract with Your Part-Time Controller (YPTC)."
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            "text": "Kentucky State University needs a professional firm's assistance in hiring and training staff members who will perform various accounting, budgetary, payroll, data processing, purchasing, and other procedural and internal control-related activities. The University also lacks the competencies to prepare monthly bank reconciliations and forecasts on cash flows, budget executions, and key performance indices."
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            "text": "Kentucky State University requests approval to enter into a contract with YPTC consulting firm."
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            "text": "BUDGETARY IMPLICATIONS:",
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            "text": "The Council on Postsecondary Education has earmarked consulting services funds of $500,000 in its Management Improvement Plan. The University estimates that the total costs of services will amount to between $250,000 and $300,000."
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            "text": "Interim President Ronald A. Johnson recommends that the Board of Regents approves the YPTC personal services contract."
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            "text": "Approve YPTC consulting firm's personal services contract."
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            "text": "22",
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            "text": "Finance and Administration",
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