KENTUCKY STATE UNIVERSITY Special Meeting of the Board of Regents 10:00 a.m., May 29, 2015 Board Room, Julian M. Carroll Academic Services Building Frankfort, Kentucky Karen W. Bearden, Chairman

Chair Karen Bearden called the meeting of the Kentucky State University Board of Regents to order at 10:00 a.m. on May 29, 2015.

Chairperson Bearden asked the Secretary to the Board to conduct the Roll Call:

Regent Mindy Barfield, Absent

Regent Karen Bearden, Present

Regent Elaine Farris, Present

Regent David Guarnieri, Present

Regent Travis Haskins, Present at 10:25 a.m.*

Regent LaVaughn Henry, Present

Regent Ekumene Lysonge, Present at 10:10 a.m.*

Regent Elgie McFayden, Present*

Regent Syamala H.K. Reddy, Absent

Regent Breana Smith, Present

Regent Charles Whitehead, Present

Seven Regents were in attendance at the time the quorum was declared.* At 10:25 a.m., nine Regents were present.

Chair Bearden welcomed the attendees to the special meeting and extended her appreciation to those who worked diligently on the University budget recommendation.

Paul Edwards, Director of Accounting, presented the University financials through April 2015. Board members were provided with copies of the unaudited University's Statement of Net Position, Statement of Revenues, Expenses and Changes in Net Position (By Function), Statement of Cash Flows for the periods April 30, 2015 and April 30, 2014 and the Budget vs. Actual (Ten Months ending

[1]