B2

KENTUCKY STATE UNIVERSITY Regular Meeting of the Board of Regents Finance and Business Committee January 24, 2014 10:00 am to 10:45 am Board Room - Academic Services Building Frankfort, Kentucky

For Fiscal 2013, planned budget results are presented in item B3 as of November 30, 2013.

For Fiscal 2013, unaudited comparative financials are presented in item B3 as of November 30, 2013.

Tronconi Segarra & Associates was on-site the week of December 9, 2013 and performed testing in the Land Grant area.

TouchNet ACH and credit card payment services have been implemented and are functional. These services enable students to make ACH and credit card payments online, through a portal on their WIRED accounts. Transactions are posted and tracked daily. There is a Payment Plan portion of this software currently being tested. The estimated time for implementation of the payment plan module is January 20, 2014.

On November 19 and 20th, the Finance Division staff participated in the Ellucian Discovery Sessions for the Action Planning Engagement coordinated by Information Technology.

Ellucian was engaged to provide a consultant in December 2013 to review the settings and configurations of Banner Finance and Accounts Receivable modules as it relates to charges posting and feeding into other modules.