KENTUCKY STATE UNIVERSITY
Regular Meeting of the Board of Regents
Business Affairs and Audit Committees
October 22, 2015
1:00 pm to 2:30 pm
Cooperative Extension Building Conference Room
Frankfort, Kentucky
MINUTES
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Regent LaVaughn Henry, Chairperson, called the joint meeting of the Business Affairs Committee and Audit Committee of the Kentucky State University Board of Regents to order at 1:00 p.m. on October 23, 2015. Regent Henry asked the secretary to call the roll:
| Present | Hettie Oldham |
|---|
| Not Present | Karen Bearden |
|---|
| Not Present | Elaine Farris |
|---|
| Not Present | |
|---|
LaVaughn Henry
David Guarnieri
Syamala Reddy
Mindy Barfield
Present
Not Present
Present
A quorum was not declared.
Action: Due to not having a quorum the minutes of April 23, 2015, could not be approved.
Regent Henry recognized Mr. Rush to carry the discussion forward.
Acting Vice President Rush introduced four new members of the Business Affairs team - Rayla Smoot, Director of Human Resources Services; Mary Smith, Grants Accountant II; Oliver Heyn, Grants Accountant II, and Langhao Tang, Accountant I.
Acting Vice President Rush stated that the University had 1,408 accounts placed with three collections agencies and the Department of Revenue in the amount of $7.7MM. He stated that we were currently attempting to get more accounts to the Department of Revenue before tax season by the end of this month or early November. He stated that collections with the three agencies were very low, less than one percent a month.
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