Regent Whitehead presented the External Relations and Development report. A written report was also provided to the board. Regent Whitehead discussed the university's progress towards the Capital Campaign, which is approximately $5 million to date. This fiscal year, the university received contributions of $1.6 million. Scholarship accounts received the largest portion of the contributions.

The Office of Alumni Affairs continues its outreach to more alumni. The national alumni association has 24 alumni chapters. No action items were reported.

Regent Barfield presented the Audit Committee report. Regent Barfield advised the board that Mark Firm from the Internal Audit firm had completed his first year as the university's internal auditor. Mr. Firm presented his report and advised that there were no issues reported in his most recent review of Student Financial Aid. No action items were reported.

Action: Motion was made to convene a closed session to discuss personnel matters and pending litigation pursuant to the Kentucky Open Meetings Act. The motion was made by Regent Barfield and seconded by Regent Williams. The motion passed 10-0.

The Board discussed pending litigation and personnel matters. The Board took no action in Closed Session.

The Board reconvened in Open Session. No action was taken.

Action: Motion was made to adjourn the Board meeting by Regent Barfield and seconded by Regent Henry. The motion passed 10-0.

The meeting adjourned at 4:13 p.m.

Submitted by:

Lori A. Davis, Secretary Karen W. Bearden, Chair

General Counsel Board of Regents

Kentucky State University Kentucky State University

Approved with no corrections Karen W. Bearden, Chair

Approved with corrections