The Vice President highlighted several areas of the Executive Summary and informed the committee of the FY09 budget update from the State Budget Director.

Mrs. Johnson provided additional on expenditures contained in the fiscal year 2008 audit as was requested by the Regents at the September 4, 2008 meeting.

Action: Motion to adjourn was made by Regent Douglas and seconded by Regent Willis. The motion passed.

The meeting adjourned at 9:55a.m.

Submitted by:

Approved by:

Alice B. Johnson Vice President for Finance and Business Kentucky State University

Wilbert W. James, Chair Finance and Business Committee Board of Regents Kentucky State University

_____Approved with no corrections _____Approved with corrections

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