Vice President Johnson reported that Kentucky State University's Audit Evaluation Committee reviewed RFP's for external audit services. The Evaluation Committee completed its selection and recommends the approval of Dean Dorton Allen Ford PLCC as the external auditor. Regent Whitehead stated that the Finance and Business Committee will recommend to the full Board to approve the hiring of Dean Dorton Allen Ford PLCC.

Motion for adjournment of the Finance and Business Committee's January 28, 2011 meeting was made by Regent Whitehead and seconded by Regent Banks. The meeting adjourned at 10:27 a.m.

Submitted by:

Approved by:

___ Approved with no corrections ___ Approved with corrections