Regent Moyer noted that Dr. Lyons had commented that the Foundation had received a fee for handling CARES Act Funds that were distributed to students, and asked Ms. Keese if she knew what happened to that fee.

Regent Moyer asked what the time period was between the money coming into the Foundation and checks being disbursed.

Regent Fields observed that the people who really have the answers to the questions being asked are no longer at KSU, and inquired whether the Committee could request those former employees to provide answers at another meeting.

Chair Hatchett asked Attorney Han whether the Office of General Counsel had any records regarding any sorts of discussions or decisions, or if the opinion of the OCG had already been requested regarding this matter.

Attorney Han replied that there were no opinions issued by the Office of General Counsel contemporaneous to the disbursement of CARES funding, nor thereafter; the issue had never been brought up to KSU's General Counsel, as far as she was aware.

Attorney Han further stated that, as to any records the OGC may have, respective Committee members are in receipt of those in conjunction with a records request from Ms. Tiffany Welch of the APA. Attorney Han noted that she believes Ms. Welch also sent a letter to Dr. Lyons, who responded that he had already retrieved the disbursement records of the CARES Act and HEERF money and had already submitted them to the Office of General Counsel. Attorney Han stated that this occurred during a week when former KSU General Counsel Lisa Lang was out of the office, so Attorney Han retrieved those records and immediately forwarded them to Ms. Welch. Attorney Han concluded that she believes these are the records that Dr. Lyons is speaking of, and that they are the records that Committee members currently have received as part of its preparation materials for the meeting.

Chair Hatchett entertained a motion to adjourn the Finance & Administration Committee meeting.

MOTION made by Regent Dukes:

Move the Finance & Administration Committee meeting to adjourn.

Seconded by Regent Fletcher and passed without dissent.

The meeting was adjourned at 12:46 p.m.

Chair Dukes entertained a motion to adjourn the Audit Committee meeting. MOTION made by Regent Fletcher: Move the Audit Committee to adjourn. Seconded by Regent Adams and passed without dissent.

The meeting was adjourned at 12:46 p.m.