All contracts over $50,000 will be presented to the Board for approval in accordance with The Gold Book: Bylaws of the Kentucky State University Board of Regents.
Capital Plaza Hotel – Additional Residence Hall space
Paul Miller Ford – Land Grant trucks purchase or lease
IDE&A - Land Grant facility renovations for expansion
Sodexo – Interim letter of engagement for food service
Crowe Horwath - External auditor
Action Item: Regent McFayden moved to approve the contracts. Regent Harnice amended motion to include subject to qualifications and counsel's review. The motion passed.
2017-2018 Audit Plan. Mr. Ingram Quick conducted and completed the 2017-2018 Audit Plan before he resigned as the Internal Auditor. A job description is posted for Internal Auditor.
Action Item: Regent McFayden moved to approve the 2017-2018 Audit Plan. The motion was seconded by Regent The motion passed.
Crowe Horwath. Senior Vice President Kevin Appleton discussed engagement letter with External Auditor Crowe Horwath. The previous external auditor, Dean Dorton, was involved in activities that impaired their ability to conduct an objective financial audit. Dean Dorton continues to provide guidance through consulting activities.
Action Item: Regent McFayden moved to approve Crowe Horwath as the external auditor. The motion passed.
Alcohol on Campus. The Frankfort Convention Center closing has increased requests for rental space at Kentucky State. Organizations want to rent space and serve alcohol. Attorney Lang will ensure adequate coverage with our insurers.
Action: Subject to our insurance company approving, clarifying, and confirming the policy, Regent McFayden moved to approve the Use of Alcohol in Campus Facilities Policy. Motion seconded by Regent Barfield. The motion passed.
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