Kentucky State University Finance and Business Committee Meeting April 26, 2013

Fiscal 2013 Budget vs. Actual

For Fiscal 2013, planned budget results are presented in item B3 as of March 31, 2013.

Fiscal 2013 Financial Statements (unaudited)

For Fiscal 2031, unaudited comparative financials are presented in item B4 as of March 31, 2013.

Budget Planning

The Budget for FY 14 is being presented at this meeting for approval.

Fiscal 2013 Audit

Dean|Dorton|Allen|Ford began the interim audit work the week of April 15th.

Perkins Loan Program

On March 18th, the U.S. Department of Education conducted a webinar on Perkins liquidation. Based on the information that is provided to KSU, we will review our files and determine whether to remain in the program or to exit the program. As of April 11, 2013, the cohort default rate is 18.9%.