MINUTES
Kentucky State University Regular Finance and Business Committee Meeting Board of Regents Finance and Business Committee 10:00 a.m., October 22, 2010 Frankfort, Kentucky
1. Call to Order
Regent Laura Douglas sat in as Chair of the Finance and Business Committee for Regent James. Regents Bearden and Conner sat in as committee members. Regent Laura Douglas called the meeting of the Kentucky State University Board of Regents Finance and Business Committee to order at 10:10 am on October 22, 2010.
II. Roll Call
Regent Douglas asked for the roll call which was recorded as follows:
Regent Wilbert James, absent
Regent Chuck Whitehead, present
Regent, David Guarnieri, absent
Regent Ronald Banks, present
Regent Karen Bearden, present
Regent Edwin Conner, present
Mrs. Johnson, present
A quorum was declared.
III. Approval of Minutes
Action:
Motion to approve the minutes from the July 23, 2010 Finance and Business Committee meetings was made by Regent Whitehead and seconded by Regent Banks. The motion passed.
Regent Douglas recognized Mrs. Johnson to carry the meeting forward.
V. Vice President's Report
Vice President Johnson gave a summary of the September 2010 interim financial statements and the final draft of the fiscal year 2010 audit. Copies were distributed to the committee. Mr. Doug Allen with Crowe Horwath gave an