Regent Joel Schraeder called the meeting of the Kentucky State University Board of Regents Finance and Business Committee to order at 10:03 a.m. on January 23, 2009. Regent Schrader asked for the roll call, which was recorded as follows:

Regent Wilbert James, absent Regent Laura Douglas, present Regent E. Scott Willis, absent Regent Joel Schrader, present Mrs. Johnson

A quorum was not established.

Opening Remarks

Regent Schrader asked Mrs. Johnson to discuss the summary report.

Mrs. Johnson highlighted several items in the Board package including the potential for a reduction of funding appropriations and the fee policy. Mrs. Johnson also discussed the current unrestricted fund comparison among a comparison group of institutions as requested by Regent Landy at a previous Board meeting.

Mrs. Claudine Gee, Budget Policy and Planning Specialist, gave an update of the general fund appropriation and the tuition mandatory fees.

Mrs. Katherine Napier, Associate Vice President Business Operations, gave an analysis of the financial fiscal year results through December.

Mr. Gary Meiseles, Director of Human Resource Services highlighted several areas for Human Resources.

Mr. Jack McNear, Director Capital Planning and Construction gave an update on capital projects.

Discussion by the Finance and Business Committee ended at 10:47am.

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