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.