Kansas State University Foundation

search
  1. K-State home
  2. »KSU Foundation
  3. »Trustees
  4. »Standing-committees
  5. »Finance and audit committee
  6. »Fin aud 9-12-12

KSU Foundation

Finance and Audit Committee: August 16, 2012

The Governance Committee met on Aug. 16, 2012. Chairman Kevin Lockett presided. Action taken and topics discussed included the following:

  • Advised unaudited 2011-12 operating results improved from June forecast to a $30k surplus
  • Approved 2011 403B Audit Report
  • Reviewed unrestricted assets and future classifications
  • Reviewed background on existing underwater endowment distributions and options to explore within Kansas adoption of UPMIFA
  • Reviewed feasibility study on 2323 Anderson Building and Kimball/Denison