KENTUCKY STATE UNIVERSITY
Regular Meeting of the Board of Regents
Business Affairs and Audit Committees
April 23, 2015
10:30 am to 12:00 pm
Julian M. Carroll Academic Services Building, Board 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 10:30 a.m. on April 23, 2015. Regent Henry asked the secretary to call the roll:
| LaVaughn Henry | Present |
|---|
| David Guarnieri | Present |
|---|
| Syamala Reddy | Not Present |
|---|
| Mindy Barfield | Not Present |
|---|
Charles Whitehead
Present
Karen Bearden
Present
Travis Haskins
Present
Elaine Farris
Not Present
A quorum was not declared.
Action: Motion to approve the minutes from the October 24, 2014, and January 22, 2015, Business Affairs and Audit Committees meetings was made by Regent Bearden and seconded by Regent Guarnieri. The minutes were approved as submitted.
Regent Henry recognized Mr. Pinkard to carry the discussion forward.
Vice President Pinkard reported physical inventory would be done per schedule. Regent Guarnieri and Regent Henry asked Vice President Pinkard to give notice of anything missing valued over $50,000 in June. Regent Whitehead asked about a depreciation budget. President Burse stated we do not fund depreciation. Regent Bearden inquired about cameras for security purposes. Vice President Pinkard confirmed we have cameras.
Vice President Pinkard reported visiting Eastern Kentucky University's Bursar's office as a Best Practice sharing and training for all Kentucky State University's Bursar office personnel. Kentucky State University's standard processes in the Bursar's Office are being evaluated. He stated the office is focused on consistent communication on
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