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KSU Foundation

Finance and Audit Committee: August, 12, 2013

The Finance and Audit Committee met on August 12, 2013. Chairman Kevin Lockett presided. Action taken and topics discussed included the following:

  • 2012-13 preliminary financials included assets growth of $90 million to $635 million.
  • Advised 2012-13 audit with BKD was on time and no anticipated significant comments
  • Reviewed implementation impact of University Advancement Fee
  • Reviewed response from the Board of Regents

Reviewed and approved KSUF CEO and KSU President & Cabinet 4th quarter expenses from private funds.