To the Board of Regents:

We are pleased to share with you the 2013-2014 Kentucky State University Operating Budget.

As we continue to face challenges with funding, our university will continue to find ways to reduce expenses without affecting the integrity of our mission. We stand steadfast to provide a quality education to the students that entrust us with their higher education while also improving the lives of Kentuckians and others we serve.

We continue to make difficult cuts to our budget this year as well as the upcoming fiscal year. It is a daunting task, but we are doing our part to trim what we can while at the same time refusing to compromise our ability to move Kentucky State University (KSU) forward and our state forward.

As we continue to explore alternatives to ensure financial stability and future growth at KSU we are focusing on the following:

1. Reengineering of processes and expense management
2. Increasing grant awards
3. Expanding relationships with public and private organizations.
4. Creating partnerships with local community colleges
5. Reviewing all program of offerings
6. Enhancing the distance learning program
7. Enhancing fund raising

Despite budget issues, we are meeting our commitment to the goals and mandates of the Postsecondary Education Improvement Act of 1997 (HB1). We are determined to continue with our mission of affording access to and preparing a diverse student population to compete in a global society and our vision to be a university of distinction.

With your continued support, I know we will succeed.