Kentucky State University Regular Finance and Business Committee Meeting Board of Regents Finance and Business Committee 10:00 a.m., July 24, 2009 Frankfort, Kentucky

MINUTES

1. Call to Order

Regent Laura Douglas called the meeting of the Kentucky State University Board of Regents Finance and Business Committee to order at 10:00 a.m. on July 24, 2009.

II. Roll Call

Regent Douglas asked for the roll call, which was recorded as follows:

Regent Wilbert James, absent

Regent Laura Douglas, present

Regent Joel Schraeder, absent

Mrs. Johnson, present

A quorum was not declared.

III. Opening Remarks

Regent Douglas recognized Mrs. Johnson to carry the discussion forward.

IV. Vice President's Report

Informational Items

State Stabilization Funds - (Education Stimulus Funds)

KSU is awaiting the final resolution of the state's ARRA funding. Each institution will have to provide assurance that federal reporting guidelines will be followed.

Banner

The Banner conversion project has begun, first with Human Resource Services and Business Operations. The conversion project will be completed in one year. Finance is also implementing process improvements such as the procurement card, electronic disbursements for employees and student and electronic time

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