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            "text": "KENTUCKY STATE UNIVERSITY\nBoard of Regents",
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                            "text": "SUBJ ECT:"
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                    "text": "April 16, 2018",
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                    "text": "Auditor Contract for FY 2018",
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                    "text": "FROM:\nACTION ITEM:",
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                    "text": "Office of the General Counsel\nYes",
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            "text": "BACKGROUND: In compliance with statute, the University is mandated to undergo an annual audit."
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            "text": "SUMMARY OF PROGRAMS/ACTIVITIES: To ensure compliance with statute, campus staff have proposed that the University contract an Auditor to conduct the 2018 Fiscal Year Audit."
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            "text": "ALIGNMENT WITH STRATEGIC GOALS: Goal 3—Increase the University's Financial Strength and Operational Efficiency. The approval and execution of the contract will increase the University's financial strength and operational efficiency by reducing University operating costs."
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            "text": "PROGRAM IMPLICATIONS: The University as a whole will benefit from approval and execution of the contract and will ensure compliance with statute in obtaining an annual audit."
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            "text": "FISCAL IMPLICATIONS: It is anticipated the University will be able to reduce operational costs and increase operational efficiency through the contracts."
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