Kentucky State University Board of Regents Finance and Business Committee 9:15 am to 10:00 am July 26, 2013 Frankfort, Kentucky
MINUTES
1. Call to Order
Regent Henry called the meeting to order at 10:07a.m. on July 26, 2013.
II. Roll Call
Regent Henry asked for the roll call, which was recorded as follows:
Regent Lavaughn Henry, present Regent Ron Banks, present Regent David Guarnieri, absent Regent Syamala Reddy, absent Regent Chuck Whitehead, present Mrs. Lockridge, present
A quorum was declared.
III. Approval of Minutes
Action: Motion to approve the minutes from the April 26, 2013 Finance and Business Committee meeting was made by Regent Henry. The minutes stand as approved as submitted.
Motion to approve the minutes from the April 26, 2013 Finance and Business Committee meeting was made by Regent Henry. The minutes stand as approved as submitted.
Regent Henry recognized Mrs. Lockridge to carry the discussion forward.
IV. Vice President's Report
Executive Summary
Vice President Lockridge gave an overview of the Executive Summary Narrative. Budget vs. Actual year-to-date through May, 2013 was presented. Staff is working to complete the June financials for the fiscal year.
FY2013 Audit
The committee was informed that the external auditors from DeanIDortonlAllenlFord have been on campus several times and will be back for about three weeks beginning the week of August 4th to begin field work. Staff have been diligently working on the audit schedules.