KENTUCKY STATE UNIVERSITY Special Meeting of the Board of Regents 9:00 a.m., June 17, 2016 Julian Carroll Academic Services Building Frankfort, Kentucky Regent Karen Bearden, Presiding

MINUTES *****

I. Call to Order:

Chairperson Karen Bearden called the meeting of the Kentucky State University (“KSU” or the “University”) Board of Regents (the “Board”) to order on Friday, June 17, 2016, at 9:00 a.m.

II. Opening Remarks:

Chairperson Bearden welcomed the attendees to the Board meeting.

III. Roll Call:

Secretary Gordon Rowe conducted the roll call:

Regent Mindy BarfieldPresent
Regent Karen BeardenPresent
Regent Elaine FarrisPresent
Regent Diamond GordonAbsent
Regent David GuarnieriPresent
Regent LaVaughn HenryPresent
Regent Ekumene LysongePresent
Regent Hettie OldhamPresent
Regent Elgie McFaydenPresent
Regent Syamala H.K. ReddyPresent
Regent Charles WhiteheadPresent

Ten Regents were in attendance and a quorum was established.

IV. Budget:

Chairperson Bearden turned the meeting over to Interim President Aaron Thompson to present the budget.

President Thompson presented the budget to the Board and stated that the budget is balanced. Overall expenditures are $2.2 million less than last year's