the University should do a better job in making sure that the best candidates are chosen for open faculty positions.

Mr. Creagh reported that external auditors have stated that they have completed several components of their audit report, including planning and preliminary work. They still have open items on A/R and payroll. Mr. Creagh stated that information had been provided timely to the external auditors.

Final trial balance is due on August 7, 2015 and final week of field work is expected to be completed on August 17, 2015.

President Burse stated that he believes that the external audit seems to be on track. President Burse also warned the Board that pension numbers are likely to increase in October due to requirements that accounting procedures change. He will provide more information to Board members on this item in the future.

Regent Whitehead re-emphasized the need for a training officer at the University.

No Board action was taken in regard to the Finance and Audit Report.

Max Maxwell, Interim Vice President for External Relations and Development, reported on the status of alumni giving. According to Mr. Maxwell, from July 1, 2014 through June 30, 2015, the University received contributions totaling $451,215 from 840 contributors. Total contributions to the Capital Campaign for the University are currently $6,395,966.

Mr. Maxwell also reported that his office sent out the second KSU postcard to alumni to inform and connect better with alumni. He also stated that the third edition of the Onward and Upward publication had been sent out and the publication was growing and getting better all the time. Mr. Maxwell also reported on initiatives designed to increase giving and alumni involvement, including a challenge to Greek-lettered organizations to increase donations through purchasing bricks for Cheaney Plaza. Maxwell also reported that he is continuing to plan activities for Homecoming and the Circle City Classic.

Mr. Maxwell also introduced new members of his staff, including: