June_3_2022_Special_Called_Meeting_Press_Book__.pdf — PaddleOCR-VL (Baidu)

ACTION ITEM:

Approval to Request Disbursement from CPE.

FACTS:

HB 250 provides fiscal relief to KSU with a $23 million appropriation to stabilize the University's finances. On April 12, 2022, KSU requested that CPE disburse $17.5 million to carry the University through the months of April, May and half of June 2022. The amount of remaining funds to be requested by KSU is $5.5 million.

BUDGETARY IMPLICATIONS:

The remaining $5.5 million is needed for KSU to operate through June 30, 2022.

RECOMMENDATION:

VP/CFO Shields recommends that the Board of Regents approve to Request Disbursement from CPE.

MOTION:

Approve to Request Disbursement from CPE.