• Overall revenue shifts from 12.3 down to 12.2.
• She further went into detail on adjusting or realigning expenses to the revenue, salaries and wages. Also adjusting contracting services utilities and transfers.
• Projected year end of about 12.2 million.
• Accounts receivables – it’s currently 11.5 million. Spring, after financial aid is posted, will be about 7.5 of that. Fall, carrying forward, students that continued, $1.8 million.
• Discussed the amounts of accounts receivables for under 365 days at 1.1, and over 365 days at under a million.
• Debt over 730 days of $21 million, which a lot has already been written off.
• Further discussion on writing off the debt, the amounts and term period and categories.
• At the end of January, the amount was 6.4 and January of last year it was 4.5, so they are higher in terms of overall receivable.
• 117 students on a payment plan and there should be far more students on a payment plan. As of next week, if students have not enrolled in a payment plan or paid off the remaining amount of their balance, they will be notified today that their meal plans will be turned off and their canvas will be turned off. They will also ask housing staff to assist them in advising the student that they will be removed from housing.
• The Scholar House is going to help with a campaign by calling all the students that owe a balance.
• They will begin sending out collection notices in March.
• Holds will be placed on student accounts that are $499.
• Students will be communicated with via e-mail provided and Kentucky state e-mail.
• Regent Fields asked if parents are informed when they pass along to the students that they have a debt. Dr. Bigard said no because the obligation is between us and the student.
• Regents discussed that there is a legal obligation not to discuss it with the parents due to FERPA concerns. Pertains to grades also.
• Regent Grimshaw asked if they did a comparison of public institutions in the state of Kentucky on same data on unpaid balance, etc. if they are in line with anyone else.
• Dr. Bigard was not aware of how we might benchmark to other Kentucky institutions. She said our policy was in line with other institutions, but we're not enforcing our policy.
• Regent Rushing said she knows a lot of students wired accounts are not fully completed with getting their scholarships and financial aid in.
• Dr. Bigard said their wired account should show the estimate coming to them. She said they are talking about in terms of the balance is the balance after all scholarship and financial aid has been applied.
• Dr. Akakpo said they have many students who have done nothing. They have

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