KENTUCKY STATE UNIVERSITY BOARD OF REGENTS FINANCE & ADVANCEMENT COMMITTEE REGULAR MEETING

*** Meeting Was Conducted in Person and by Teleconference ***

June 26, 2025 9:00 a.m. EDT

Board of Regents Room Julian M. Carroll Academic Services Building, 2nd Floor 400 East Main Street Frankfort, Kentucky 40601 (Primary Physical Location)

MINUTES *****

I. Call To Order

The Committee’s Chair, Regent Edward Hatchett, Esq., called the meeting to order at 9:01 a.m.

II. Roll Call

The Board's Secretary, Zachary Atwell, called the roll:

Regent Edward Hatchett, Esq., Chair Present

Regent Charles Moyer, PhD, Co-Chair Present

Regent Jonathan Rabinowitz, Esq. Present

Regent Robert Ramsey, Sr. Not Present

Regent Tammi Dukes Present

Four (4) Regents were in attendance and present at roll call. A quorum was therefore established.

III. Approval of the Agenda

MOTION by Regent Moyer:

Move the Committee to approve the agenda of the June 26, 2025, meeting of the Finance & Advancement Committee.

Seconded by Regent Dukes and passed without dissent.

IV. Information Items

A. Finance and Administration Updates

This agenda item was presented by Dr. Melissa Hicks, Interim VP and Finance & Administration CFO, who began by presenting a revised FY25 budget. Dr. Hicks