DATE: September 5, 2019
SUBJECT: FY 2019 Audit Update
FROM: Finance and Administration
ACTION ITEM: NO
BACKGROUND: In accordance with KRS 164A.170, the corporation shall also cause an audit to be made by a resident independent certified public accountant of its books, accounts, and records, with respect to its receipts, disbursements, contracts, mortgages, leases, assignments, loans and all other matters relating to its financial operations. The persons performing such audit shall furnish copies of the audit report to the secretary of the Finance and Administration Cabinet, where they shall be placed on file and made available for inspection by the general public.
SUMMARY OF PROGRAMS/ACTIVITIES: Kentucky State University is a Commonwealth of Kentucky coeducational institution for higher education. The University’s mission is to build on its legacy of achievement as a historically black, liberal arts, and 1890 land-grant university, afford access to and prepare a diverse student population of traditional and non-traditional students to compete in a multifaceted, ever-changing global society by providing student-centered learning while integrating teaching, research, and service.
ALIGNMENT WITH STRATEGIC GOALS:
Goal [3] Increase the University's Financial Strength and Operational Efficiency.
COMMITTEE/PROGRAM ACTION: Not Applicable
PROGRAM IMPLICATIONS: Not Applicable
FISCAL IMPLICATIONS: Not Applicable
ATTACHMENTS: Not Applicable