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A
C
A
Here,
thank
you
we'll
hold
on
the
minute
approval
for
right
now,
but
if
we
could,
we
could
have
the
University
of
Louisville
come
go
ahead
and
come
forward
because
swear
to
the
end
and
have
you
introduce
yourself
is
that
okay.
A
D
D
My
name
is
Kim
schatzel
and
I
have
been
the
president
of
uofl
for
about
three
weeks
now
with
me,
our
Provost
Lori
Stewart
Gonzalez
Executive
Vice
President
for
research
and
Innovation
Kevin
Gardner
and
Executive
Vice
President
and
Chief
Financial
Officer
Dan
Durbin,
since
I've
not
had
the
chance
to
meet
many
of
you
that
are
on
the
committee.
I
would
appreciate
just
the
opportunity
to
be
able
to
take
a
moment
and
introduce
myself
I
previously
served
since
2016
as
president
of
Towson
University
in
Suburban
Baltimore,
the
second
largest
institution
of
higher
education
in
the
Maryland
system.
D
It's
a
university
that
in
many
ways
is
similar
to
uofl.
It
is
a
university
that
serves
many
first
generation
and
pal
eligible
students,
and
it
has
great
Partnerships,
with
local
community
agencies
and
businesses
and
as
an
economic
engine
for
the
state.
Prior
to
my
career
in
higher
education,
I
spent
20
years
in
corporate
business
founding
a
multinational
Advanced
manufacturing
company
that
served
the
automotive
industry
and
was
the
largest
producer
of
powdered
metal
in
the
United
States
and
second
largest
in
the
world.
D
Those
relationships
and
the
possibilities
that
they
present
to
the
university
are
among
the
reasons
that
I
am
so
excited
to
be
a
part
of
this
great
University,
as
well
as
Kentucky.
So
I
do
understand
the
mission,
as
well
as
the
impact
of
the
University
of
Louisville
on
the
Commonwealth
and
I
look
forward
to
working
with
all
of
you
to
build
on
the
many
strengths
that
uofl
brings
to
the
table
for
the
benefit
of
not
only
Louisville
but
for
all
of
Kentucky.
D
As
far
as
our
academic
Mission,
we
are
the
premier
University
in
Kentucky's
largest
city
and
the
second
largest
university
in
the
Commonwealth,
with
23
000
students,
and
we
serve
students
from
119
counties
about
39
percent
of
our
students
are
Pell
eligible
and
32
percent
are
first-generation
students
remarkably
High
numbers
for
research,
one
institution
and
a
mission
that
we
are
quite
proud
of.
We
are
proud
of
our
students
graduate
with
the
second
lowest
debt
among
Kentucky
universities.
D
Our
Commonwealth
mandated
mission
is
to
be
a
premier
Metropolitan
research
University,
and
we
take
that
mandate
very
seriously.
Every
single
day
we
are
an
economic
engine
for
the
Commonwealth
and
with
an
economic
impact
of
8.6
billion.
Let
me
say
that
again
billion
that
is
initially
driven
from
the
legislature's
145
million
dollar
investment
in
the
university
and
as
someone
that
has
spent
over
20
years
in
business,
I
can
tell
you
that
is
a
heck
of
an
Roi
to
be
able
to
be
realized.
D
We
had
more
than
100
more
than
1400
official
Partnerships
last
year,
in
addition
to
Community
Partners
we're
working
with
major
employers
like
Humana,
Ford,
UAW
and
UPS,
to
both
share
our
expertise
and
educate
their
Workforce,
while
our
students
gained
valuable
experience
through
co-ops,
as
well
as
internships
in
healthcare.
U
of
oil
Health
has
about
1.5
million
patient
encounters
each
year
and
it's
not
just
in
Louisville
but
from
one
end
of
the
Commonwealth
to
the
other.
D
We
touch
millions
of
lives
annually
and
help
make
sick
kentuckians
well
once
again
to
be
with
their
families
and
with
their
community.
Our
Enterprise
continues
to
grow.
We
recorded
more
than
200
million
in
research
expenditures
in
the
past
two
years
are
manufacturing
extension
partnership
again
a
soft
spot
for
me
because
of
my
background
in
manufacturing,
funded
through
the
U.S
Department
of
Commerce,
will
have
an
economic
impact
of
150
to
200
million
for
each
of
the
next
10
years,
each
of
the
next
10
years.
D
We
are
also
a
leader
in
the
field
of
cyber
security,
with
more
than
15
million
dollars
in
Grants
from
the
NSA
and
other
federal
agencies.
In
fact,
through
our
Center
for
digital
transformation,
we
have
trained
more
than
500
people
in
various
levels,
including
faculty
from
other
colleges
and
universities.
In
this
most
important
area
of
cyber
security,
we
are
under
a
commonwealth
mandate.
D
People
there
we
are,
we
are
under
a
commonwealth
mandate
to
be
a
premier
Metropolitan
research,
University.
We
are
committed
to
that
mission
and
we
use
that
as
a
basis
for
everything
that
we
do
to
us.
This
means
that
we
teach
serve
and
conduct
research
at
an
extremely
high
level
and
in
fields
that
will
improve
the
quality
of
life
for
our
students
and
the
citizens
of
Kentucky.
D
D
One
billion
dollars
the
asset
preservation
fundeds
appropriated
last
year,
have
enabled
us
to
fund
and
in
many
cases,
complete
more
than
120
critical
projects
across
our
three
campuses.
We've
prioritized
projects
that
protect
our
students
and
enhance
their
learning
experience.
These
projects
include
significant
HVAC
upgrades
and
replacement
electrical
switches,
as
well
as
systems
and
promoting
campus
safety,
we're
replacing
and
repairing
roofs,
replacing
windows
and
improving
Lighting
in
our
parking
lots
again
all
to
improve
campus
safety
and
enhance
the
learning
experience.
D
We
also
live
within
our
means.
This
is
a
very
important
slide
in
the
fact
that
it
shows
both
our
short
and
long-term
debt.
For
example,
we
do
not
overburden
ourselves
with
debt.
Our
long-term
debt
of
298
million
is
very
conservative
in
that
as
strategic
and
fixed
at
a
very
competitive
and
affordable
rate.
D
Furthermore,
both
our
debt
capacity
and
debt
burden,
as
indicated,
are
well
below
our
sector
averages
and
we
are
rated
as
investment
grade
and
stable
by
rating
agencies.
Additionally,
about
40
percent
of
our
debt
will
be
retired
within
the
next
five
years,
so
the
fiscal
responsibility,
as
well
as
the
fiscal
stewardship
of
the
university,
is
very
strong.
D
Since
the
general
assembly
passed
House,
Bill
1
in
1997
bucks
for
brains
impact
has
benefited
the
Commonwealth
in
many
ways.
Last
year,
bucks
for
brains,
funded
98,
endowed
chairs
and
127
grad
students
through
their
research.
Those
faculty
are
creating
startup
companies
employing
hundreds
of
people
in
well-paying
jobs
in
Louisville
and
throughout
the
Commonwealth
about
half
of
our
200
million
dollars
in
research
expenditures
and
funding
last
year
was
secured
by
bucks
for
brains
faculty.
So
the
return
again
is
extraordinary,
as
you
can
see,
uofl
is
investing.
Why
don't
you
back
up
right?
D
D
The
leaders
of
this
training
have
been
recruited
by
many
of
the
University's
finest
many
of
the
nation's
finest
universities,
but
because
of
bucks
for
brains
and
the
funding
it
provide,
they
are
staying
in
Louisville
and
staying
at
uofl
and
Kentucky
residents
well
they're
enjoying
and
they
are
being
impacted
by
their
work
every
single
day.
So,
while
bucks
for
brands
has
been
great
for
the
Kentucky
economy,
it
is
also
leading
to
discoveries
that
will
save
or
improve
lives,
not
just
in
the
Commonwealth
but
across
our
nation.
D
Last
year,
uofl
received
4.5
million
increase
in
performance
funding.
We
invested
that
funding
in
a
number
of
ways,
including
providing
student
aid
and
direct
academic
support
to
our
colleges.
In
addition,
we
use
some
of
this
funding
to
create
a
new
center
for
engaged
learning,
which
will
ensure
our
students
receive
real
world
experiences
as
part
of
their
education
before
they
earn
their
degrees.
The
goal
is
to
have
the
students
be
career
ready.
D
We
are
working
with
many
companies,
particularly
in
the
Louisville
area,
to
build
this
programming
directly
into
the
curriculum,
as
businesses
such
as
Ford
and
SK
continue
to
expand
and
locate
in
Kentucky
Well
I
can
tell
you
from
talking
to
them.
One
of
the
words
that
they
constantly
say
to
us
are
Engineers
engineers
and
Engineers.
We
need
more
engineers
and
we
need
many
more
students
to
enter
into
this
rewarding
and
high-paying
field.
D
The
funding
that
we
receive
for
the
construction
of
the
new
speed
School
of
Engineering
Building
well
I,
have
to
tell
you
it
is
critical
to
be
able
to
allow
us
to
address
this
growing
Workforce
need
within
Kentucky,
and
it
will
help
us
educate
more
students
and
conduct
more
research
in
this
high
priority
area.
Since
receiving
this
appropriation,
we've
identified
the
site
and
the
specific
academic
areas
that
will
most
benefit
from
this
amazing
and
much
needed
new
facility.
The
project
is
on.
D
Last
year
you
appropriated
six
hundred
thousand
dollars
for
our
efforts
to
support
our
military
veterans
and
their
families,
and,
as
you
can
see
from
this
slide,
we
are
proud
to
serve
military
connected
students
According
to
some
most
recently
available
data
from
the
Department
of
Defense
tuition
assistance
site
tool.
Uofl
has
more
military
students
using
the
Department
of
Defense
tuition
assistance
than
the
other
14
ACC
schools
combined.
That's
the
level
of
impact
that
this
program
provides.
D
This
is
largely
due
our
to
our
competitive,
reduced
military
rate
for
undergraduate,
as
well
as
most
graduate
programs,
and,
thanks
to
you,
we
look
forward
to
opening
our
Center
for
military
connected
students.
This
fall
so
so
very
important
which
will
provide
wraparound
services
in
one
location
for
our
military,
connected
students
and
their
families.
With
your
commitment,
we
will
be
able
to
attract,
retain
support
and
graduate
even
more
of
our
heroes
in
the
future.
D
With
your
financial
support,
we
also
continue
to
ensure
we
provide
important
Services
across
the
Commonwealth.
The
rural
health
program
funded
our
area,
health,
education,
centers,
which
help
recruit
and
retain
medical
professionals
and
practitioners
in
rural
Kentucky,
as
well
as
programs
and
medical
residents
in
the
western
half
of
the
Commonwealth,
as
the
number
of
people
with
Autism
continues
to
grow
in
terms
of
diagnosis,
our
Kentucky
autism,
Training
Center,
provides
key
educational
and
support
in
every
corner
of
Kentucky,
a
particular
note.
D
So
thank
you
for
supporting
the
past
and
for
the
opportunity
to
share
our
successes.
Again,
we
strive
to
be
able
to
support
not
only
Louisville
but
the
entire
Commonwealth,
and
we
feel
and
will
continue
to
remain,
committed
to
being
the
best
of
stewards
of
the
funding
that
you
appropriate
to
us
last
year
as
well
as
going
forward
now
I'm
going
to
talk
about
moving
forward.
D
D
Among
other
priorities,
your
funding
will
help
us
continue
to
upgrade
our
Central
Heating
and
Cooling
improve
air
quality
and
efficiency
in
many
of
our
buildings,
and
we
are
continuing
to
ask
for
bucks
for
brains
funding
a
absolutely
tremendous
program,
as
we
have
done
in
the
past,
we
will
continue
to
invest
the
support
and
seek
matching
funds
from
donors.
It
provides
for
tremendous
leverage
to
be
able
to
do
that
to
build
strength
in
STEM,
related
research
areas.
D
This
additional
box
for
brains
funding
will
allow
us
to
attract
and
retain
the
best
and
brightest
nines
from
across
the
country
and
keep
them
in
Kentucky
once
we
get
them
here.
While
this
technically
is
not
a
request
for
new
funding,
we
are
asking
for
your
support
for
locating
the
Kentucky
cyber
security
Center
at
the
University
of
Louisville.
We
already
mentioned
the
work
we're
doing
with
the
NSA
and
the
training
that
we
provide
for
students
Professionals
in
our
community
and
for
institutions
throughout
the
country.
D
Locating
the
cyber
security
Center
at
uofl
will
increase
access
to
that
training
and
further
Leverage
The
Partnerships
and
unique
assets
that
we
have
on
the
campus.
A
Louisville
location
also
is
ideal
well,
very
simply
because
of
the
proximity
to
the
Commonwealth
headquarters
that
is
located
in
Louisville
for
the
FBI,
the
Department
of
Homeland
Security
and
the
Secret
Service.
We
already
work
with
these
agencies
in
the
area
of
cyber
security,
so
locating
this
Center
in
Louisville
will
allow
us
to
better
work
with
them
to
protect
the
citizens
of
the
Commonwealth.
D
This
network
will
extend
across
the
Commonwealth
and
build
the
infrastructure
and
support
for
clinical
trials
in
rural
and
urban
Health
Care
settings,
bringing
the
latest
treatments
to
patients
and
make
them
available
throughout
Kentucky
in
closing
I
want
to.
Thank
you
again
for
allowing
me
to
be
here
today
for
the
first
time
after
about
three
weeks
on
campus
I've,
truly
enjoyed
it
and
look
forward
to
building
those
relationships
even
further.
D
I
hope
that
you
agree
that
our
needs
are
clear
and
your
support
is
so
vital
to
the
success
of
the
university
and
the
impact
that
we
are
so
committed
to
on
having
this
positive
impact
on
the
Commonwealth
itself.
I
look
forward
to
working
with
you
to
advance
the
uofl
for
the
benefit
of
our
students,
faculty
staff,
alumni
and
friends,
and
for
the
entire
Commonwealth
of
Kentucky
again
I'll
stop
here.
Thank
you
again
for
all
your
support,
I'm
available
to
answer
any
questions,
as
my
colleagues
are
as
well.
A
Thank
you
matter.
Preston
I
appreciate
it
again.
I
want
to
say,
welcome
to
Kentucky
and
certainly
into
Louisville
glad
to
have
you
and
looking
forward
to
working
with
you
many
days
to
come.
I
do
want
to
just
follow
up
on
a
couple
of
things,
a
very
impressive
presentation.
Thank
you
for
your
time
and
sharing
your
what
you
have
done.
I
want
to
go
back
to
the
asset
preservation
with
you
said:
you've
done
120
projects,
you
know
with
the
inflation
costs.
A
Has
there
been
some
movement
or
some
adjustments
that
you've
had
to
do
that
that,
due
to
that
cost
that
we
need
to
postpone
or
that
we
need
to
look
at
for
next
year,
and
is
that
included
in
your
presence
and
that's
part
of
your
presentation
for
next
year?
Is
it?
Is
that
correct
we're
going
to
talk
about
that?
A
little
bit.
D
So
that
that's
a
terrific
question
and
very
astute,
because
the
inflation
that
we're
all
facing
and
the
available
nationally
I
I
would
ask
if
I
could
have
my
CFO
Dan
Durbin
to
be
able
to
respond
to
that,
because
he'll
be
able
to
have
more
detail
associated
with
it.
Thank.
E
You,
yes,
you
are
you're
exactly
correct
in
that
inflation
is
taking
a
bit
of
a
a
hit
on
those
those
projects
we're
experiencing
the
growth
between
about
for
about
the
last
12
months,
about
20
growth
between
then
and
now.
In
terms
of
the
the
project
estimates
compared
to
what
things
are
coming
in
at
we
are.
We
originally
started
with
about
130
projects
and
as
the
as
we
as
we
kind
of
re-prioritize
health
and
safety,
HVAC
and
infrastructure.
E
We
we
move
things
down
kind
of
below
the
line
if
you
will,
as
as
we
as
we
start
to
to
reprice
some
projects
but
yeah,
it's
it's
between
it's,
it's
probably
a
little
over
20
percent.
D
A
You
I
got
a
represent.
Tipton
wants
to
ask
a
question.
F
Thank
you,
Mr
chairman
ma'am
president
good
to
have
you
here
with
us
in
Kentucky
and
look
forward
to
working
with
you
for
many
years
to
come.
I
know
that
a
few
years
ago,
University
of
Louisville
came
to
us
with
a
health
care
initiative.
Jewish
hospital
I
know,
there's
a
big
expansion.
Could
you
share
a
little
bit
and
we
understand
the
importance
of
Health
Care,
especially
after
covid?
F
D
That's
a
great
question:
I
I'll
speak
to
it
a
bit,
but
I'll
also
ask
Provost
Gonzalez
to
be
able
to
add
some
thoughts
because
of
the
fact
that,
being
in
her
position
for
the
last
year,
she's
got
great
insight
to
be
able
to
add
so
Provost.
If
you'd
like
to
come
up,
I
can
tell
you
that
over
the
past
three
weeks,
I've
probably
spent
a
a
vast
amount
of
time.
D
I
I
would
say
probably
30
percent
of
my
time,
either
at
the
health
center
campus
downtown,
as
well
as
I,
attended,
My,
First,
uofl,
Health
board
meeting
yesterday
and
and
finance
committee
meeting
I
just
see
this
is
a
tremendous
partnership.
That's
been
established
and
a
necessary
partnership
to
to
provide
for
the
fact
that
we
are
addressing
the
needs
of
the
city
itself,
as
well
as
the
the
citizens
that
are
there
to
have
that
marriage
of
those
assets
with
the
universities.
So
you
have
the
research
Enterprise.
D
The
clinical
as
well
as
the
educational
Enterprise
is,
is
really
the
model
that
would
make
sense
going
forward
to
be
able
to
assure
the
fact
that
we
can
be
able
to
address
not
only
the
needs
for
today,
but
the
needs
going
forward.
There's
tremendous
synergies
between
the
organizations
to
be
able
to
work
with,
as
well
as
with
the
Metro
Council
and
the
mayor's
office,
so
I'm,
looking
forward
to
having
those
conversations
and
I
firmly
believe
that
the
establishment
of
that
relationship
and
that
partnership
was
very
forward.
D
C
Well,
so
I
think
one
of
the
one
of
the
important
parts
of
this
whole
Enterprise
was
that
we
could
help
uofl
health
could
help
serve
the
region.
So
we've
got
the
hospital
in
Bullitt
County
that
will
open
soon
we're
looking
at
what
we
can
do
in
Shelbyville,
but
sometimes
we're
looking
not
at
putting
a
hospital
there.
But
in
some
of
the
smaller
hospitals
can
we
take
care
of
their
I.T
for
them
or
take
care
of
certain
services.
C
So
it's
not
necessarily
the
U
of
L
brand
on
the
hospital,
but
that
we're
using
our
assets
to
provide
care.
So
people
can
have
care
as
close
to
home
as
possible.
They've
built
several
urgent
care
centers
around
the
city
and
they
continue
to
try
to
expand
the
faculty
base
so
that
people
have
the
services
that
they
need.
Primary
Care
is
one
of
the
areas
that
they
want
to
focus
on
as
we
get
people
in,
and
so,
when
you
talk
about
the
surrounding
areas,
I
know
in
your
hometown.
A
Thank
you
very
much.
I
want
to
bounce
back
to
another
topic
on
the
bucks
for
brains.
Evidently,
that's
a
very
proactive
and
resourceful
or
effort
that
you're
doing,
but
with
what
specific
area
do
you
see
more
growth
than
the
others?
Do
you
see
any
more
growth
in
one
area
in
that
than
you
do
the
other?
Well,.
D
You
know
again
the
medical
school
campus
and
the
Health
Sciences
Center
campus
itself
has
had
tremendous
work
in
that
area.
I
also
see
the
opportunity
within
the
speed
school
both
with
regard
to
you
know
the
the
blue
oval
SK,
Battery,
Park,
that's
being
developed.
D
The
goal
is
to
be
able
to
have
the
fact
that
this
is
tremendous,
Battery
Technology,
as
well
as
Renewables,
as
well
as
recycling
having
the
speed
School
in
terms
of
the
engineering
capacity
there
to
be
able
to
do
that.
We're
also
looking
at
the
fact
that
we
have
unique
resources
in
terms
of
bile
containment
and
research
in
terms
of
of
viruses
and
bacteria
in
terms
of
infectious
disease
and
also
I'll
bring
up
drones.
This
is
another
opportunity
area
that
we
have.
You
know.
D
The
amount
of
funding
that
we
have
for
DOD
with
regard
to
drones
is
tremendous.
At
only
growing.
You
know
so
I
think
those
are.
You
know
a
real,
a
real
fine
core
that
will
extend
in
terms
of
of
of
health
and
medical
research,
but
I'm
also
looking
at
the
fact
that
we
can
extend
it
even
further
in
terms
of
those
technologies
that
I've
just
mentioned.
A
D
So
I'll
speak
a
little
bit
too,
but
I'll
also
ask
the
Provost
to
join
me
again
on
this,
because
she
was
involved
in
it
or
Kevin.
Would
you
like
to
do
that?
I
introduced
Dr
Garden
to
be
able
to
do
it.
One
of
the
things
that
I
just
want
to
start
with
is
the
fact
that,
with
the
cyber
security
I
think,
we've
talked
about
the
absolute
need
in
terms
of
the
growth
of
the
demand
for
training
in
that
area.
D
It's
going
to
be
an
area
that
the
demand
is
going
to
outstrip
the
supply
for
decades
to
be
able
to
come.
Our
our
the
cyber
security
Center
is
a
is
different
from
the
fact
that
it
is
it's
outward
facing
in
terms
of
training
and
interaction
and
Partnerships
with
business
as
well
as
non-profits,
as
well
as
Municipal
agencies.
D
G
You
I'll
just
make
a
couple
quick
points,
so
one
is
that
there
is
a
need
for
hardened
infrastructure,
secure
infrastructure
and
a
place
to
bring
together
the
FBI,
the
Secret
Service
academic
experts,
companies
across
the
board,
companies
Health
Care
Financial
manufacturing.
So
there
is
a
need
for
physical
space
and
and
secure
facilities,
but
there's
a
tremendous
Workforce
need
across
the
country
across
the
country
and
across
the
Commonwealth,
and
so
it's
really
kind
of
those
two
things
so
having
a
central
location
where
we
can
have
secure
facilities
like
that
is
really
important.
G
But
then
we
need
to
raise
all
boats,
there's
4,
600
jobs
right
now
that
are
unfilled
in
the
state
of
Kentucky,
we've
talked
to
from
Murray
State
to
EK
you
and
the
community
college
system
and
everywhere
in
between
there
and
had
dialogues
about
what
they
need.
How
can
a
site?
How
can
a
commonwealth
Kentucky
cyber
security
center
help?
G
You
do
your
job
better
and
and
help
help
everybody's
academic
programs
to
the
extent
that
they
need
that
and
then
I
think
the
the
real
one
of
the
real
unmet
needs
is
professional
development,
kind
of
credentials
that
are
given
by
industry
so
that
people
can
be
upskilled.
So
you
might
have
a
computer
scientist
who
can
be
upskilled
or
or
even
a
high
school
graduate
who's
taking
computer
science
in
high
school.
G
They
can
get
certifications
through
the
University
of
Louisville
now,
but
they
should
be
able
to
get
those
through
all
the
academic
institutions
across
the
state
and
that
the
vision
is
that
we
would
work
together
collaboratively
and
we
have
had
really
productive
discussions
across
the
state
at
all.
The
state
institutions.
D
And
and
just
to
add,
we
were
talking
about
Supply
chains,
you'll,
see
that
in
manufacturing,
Supply
chains
and
other
Supply
chains,
retail
supply
chains
that
there's
smaller
companies
that
are
involved.
That
they're
being
asked
to
have
cyber
security
expertise
within
their
firms
to
qualify
to
be
a
vendor
into
these
Supply
chains.
So
it
eliminates
many
businesses
within
the
Commonwealth
to
even
participate
in
terms
of
bidding
because
of
the
fact
that
these
industry
facing
programs
are
not
available
to
them
and
and
the
Cyber
Center
would
address
those.
A
A
H
H
Morning,
chairman
McCool
appreciate
you
having
us
here
today:
I
will
apologize
for
president
capilouto
not
being
able
to
join
us.
H
He
sends
his
best
regards
to
you
and
this
committee
just
want
to
thank
you
in
this
general
assembly
for
everything
you
provided
in
the
2022
session
of
the
general
assembly,
historic
levels
of
funding
for
higher
education,
and
we
do
appreciate
that
with
that
I'm
going
to
turn
it
over
to
Angie,
Martin
and
Kevin
Locke,
and
let
them
talk
about
the
two
specific
things
you
ask
us
to
address,
which
was
generally
an
overview
of
the
University
of
Kentucky
and
then
specifically,
where
we
were
on
capital
projects.
Thank
you,
sir
foreign.
B
Good
morning,
I'm
Angie
Martin
I'm
the
chief
budget
officer
at
the
University
of
Kentucky,
and
it
is
good
to
talk
to
you
today,
I'm
going
to
provide
a
very
brief
overview
and
then
Kevin
is
going
to
speak
specifically
about
capital
projects
so
about
the
University
of
Kentucky.
We
are
one
of
eight
universities
in
the
country
that
have
colleges
of
Agriculture
engineering,
Medicine
and
Pharmacy
on
a
single
campus.
We
are
also
different
than
most
universities
and
how
we
are
formally
organized
in
that
we
are
all
inclusive.
B
The
institution
does
not
have,
for
example,
a
separate
foundation
for
fundraising
or
philanthropy.
It
is
really
part
of
the
institution.
Uk
Health
Care
is
not
a
separate
entity.
It
is
again
just
part
of
the
institution
so
with
our
total
budget
of
approaching
over
6
billion
dollars
now,
UK
Healthcare
is
a
huge
component
of
that
and
with
the
hospital
system
and
with
the
clinical
Enterprise,
it
accounts
for
over
60
percent
of
our
operating
budget.
B
C
B
With
regard
to
research,
we
are
an
R1
research,
doctoral
Institution
and
we
have
selected
some
key
priority
areas
for
our
focus
on
research
and
we
selected
those
areas
based
upon
local
relevance.
What
is
important
to
Kentucky?
What
is
our
existing
overall
area
of
strength
and
are
there
growth
opportunities
available
for
the
research
so
with
that?
Our
research
priorities
include
things
like
cancer,
cardiovascular
disease,
diabetes
and
obesity,
energy
neuroscience
and
substance
use
disorder.
B
Just
a
brief
highlight
of
UK
Healthcare
it
is
I.
Are
the
a
b
Chandler
hospital
is
a
level
one
Trauma
Center.
We
have
about
1500
licensed
beds.
That
includes
the
newest
murder,
with
King's
Daughters
Hospital
in
Ashland,
but
throughout
the
year
we
average
about
37
000
discharges
of
inpatient
care
per
year,
and
we
have
almost
2
million
outpatient
encounters
per
year
as
well
for
UK
Healthcare,
with
out
with
regard
to
outreach,
we
have
to
mention
our
UK
Cooperative
Extension
Service.
B
I
did
want
to
touch
briefly
about
the
Kentucky
performance
funding
model.
As
we
talk
about
State
Appropriations,
the
model
has
been
in
place
since
2017,
and
the
model
includes
11
metrics
that
are
primarily
focused
on
Student
Success
UK
has
done,
and
very
well
with
the
performance
funding
model,
primarily
because
our
strategic
plan
on
how
to
advance
Kentucky
is
in
complete
alignment
with
the
performance
funding
model.
One
of
our
primary
principles
is
putting
students
first.
So
the
things
that
we
are
focused
on
are
what
the
model
is
measuring
for
fiscal
year.
I
Glad
to
be
here
this
morning,
I'm
Kevin,
Locke
I'm,
the
associate
vice
president
for
planning,
design
and
construction.
What
I'm
going
to
do
today
is
give
you
a
brief
overview
of
some
of
the
things
that
we're
seeing
in
the
construction
market
and
then
we'll
go
into
a
few
specific
examples
and
see
how
those
overall
Trends
have
been
affecting
some
of
those
specific
projects.
So
there's
three
big
things
that
we're
seeing
procurement
lead
times
has
been
alluded
to
previously,
but
that
is
something
that
still
plagues
us.
I
I
That
does
actually
affect
the
construction
times
that
we're
seeing
for
some
of
our
major
projects
are
affected
greatly
by
that
and,
as
you
all
know,
the
the
greater
the
construction
period
of
time,
you're,
probably
looking
at
additional
cost
for
the
overall
cost
of
the
project
in
the
Great
Recession
2008,
we
probably
lost
somewhere
over
half
of
our
skilled
trade
force
during
that
time
period,
less
than
half
of
that
has
returned
to
the
state
over
the
last
you
know
10
15
years
or
so
so
we
still
are
witnessing
a
skilled
trade
shortage
when
there
is
a
skilled
trade
shortage.
I
Obviously
that
impacts
the
the
jobs
that
General
Contractors
construction
managers
will
bid
and
they
can
be
a
little
bit
more
selective
in
what
they're
doing,
because
they
have
to
be.
The
workforce
is
not
out
there,
so
that
does
also
decrease
competition
on
some
of
the
jobs
that
are
we're
seeing
bidding
and
that
does
that
decrease
in
competition
increases
the
cost.
Typically,
we
are
still
looking
at
inflation
escalation
that
has
tapered
off
a
little
bit.
You
know
whether
we
go
into
a
recession
or
whether
we
don't
go
into
recession.
I
You
can
take
sides
on
that
and
what's
going
to
happen
and
it's
kind
of
up
in
the
air
right
now,
but
we
still
are
seeing
anywhere
from
a
half
percent
per
month
to
three
quarter
percent
per
month
in
escalation.
You're
seeing
right
now,
everybody's
glad
that
the
gasoline
prices
are
down
that's
great,
but
diesel
prices
are
not
down
they're
up
39
percent
year
over
year
from
last
year.
The
diesel
gas
prices
are
what
affect
the
construction
environment
dramatically.
I
So
we
are
still
seeing
that
we're
trying
to
mitigate
some
of
these
things
and
I'll
talk
about
some
of
the
specific
examples
later.
But
one
of
the
things
that
we're
implementing
right
now
is
we're
putting
in
volatility
or
Market
volatility
contingencies
when
we
plan
our
projects
and
we're
also
asking
our
design
teams
that
they
go
ahead
and
design
to
90
percent
of
the
budget.
So
if
we
have
a
100
million
dollar
construction
budget,
we
asked
them
to
design
to
90.
that
other
10
percent.
We
will
typically
put
in
a
additive
alternate.
I
I
So
one
of
the
things
that
we're
very
proud
of
is
our
health
education
building
and
we're
super
excited
about
the
support
that
we
received
for
Frankfort
for
that,
and
that
is
basically
funded,
380
million
dollars,
of
which
250
million
of
that
is
for
State
bond
funds.
This
is
a
tremendous
project
for
us
and
we'll
talk
about
it
in
a
little
bit
more
detail.
So
this
is
the
current
rendering
we
are
finishing
up
schematic
design.
At
this
point.
I
In
time
we
had
a
30
million
dollar
design
award,
go
out
that
was
approved
by
our
Board
of
Trustees
back
in
May
of
2021,
and
the
design
is
scheduled
to
be
complete
April
of
next
year
and
construction,
ending
April
of
2026..
I
This
building
is
important,
because
this
is
a
collaboration
between
the
College
of
Medicine,
College
of
Nursing,
College
of
Health,
Sciences
and
public
health.
Getting
these
four
colleges,
together
in
a
symbiotic
relationship
is,
is
truly
something
that
I
think
is
going
to
benefit
the
Commonwealth
greatly
in
future
years,
back
in
August
of
22
just.
A
A
question
quick
question:
yes
make
sure,
is
this
the
Marquee
Cancer
Center
that
you're
referring
to.
I
No,
no,
this
is
the
health
education
building
College
of
Medicine
building
we're
proud
of
the
cancer
ambulatory
building
as
well.
Yes,
so
back
in
August
of
22,
the
cost
estimate
for
this
particular
project
indicated
nine
and
a
half
percent
increase
over
the
initial
estimate.
So
some
of
the
things
that
we've
been
doing
in
order
to
mitigate
that
we
we
cut
approximately
42
000
gross
square
feet
out
of
the
building
in
order
to
get
the
project
back
into
budget.
I
When
we
did
this
cut,
however,
we
focused
on
the
office
workspace
spaces
as
opposed
to
cutting
anything
related
to
simulation
Labs
classrooms,
and
things
like
that.
So
we're
trying
to
do
a
targeted
cut
of
this
building
to
get
it
back
into
budget,
and
if
we
go
over
budget
in
additional,
we
may
have
to
look
at
some
other
opportunities,
maybe
Sue
to
Shell
some
floors
that
could
be
done
at
a
later
date.
I
I
want
to
talk
briefly
about
asset
preservation,
there's
some
tenants
that
we
have
here,
obviously
we're
trying
to
extend
the
life
of
some
of
our
existing
buildings,
a
lot
of
our
historic
buildings
on
campus,
so
spending
the
money
on
that
is
is
very
important,
and
when
we
do
those
modernizations
Renovations
of
those
buildings,
we
want
to
make
sure
that
we're
we're
creating
places
for
a
collaboration
to
occur
between
not
only
students
but
students
staff
professors.
All
of
that
happening.
So
it's
a
new
pedagogy
that
we're
trying
to
build
into
these
existing
older
buildings
on
campus.
I
Obviously,
we
have
been
beneficiaries
of
basically
a
hundred
million
dollars
per
year
for
asset
preservation,
funds
and
I'll.
Show
you
how
we're
planning
on
spending
that
on
the
next
slide
here
some
of
the
projects
that
we
have
slated
for
22-23.
I
We
have
a
multi-disciplinary
science
building,
15
million
dollars
allocated
for
that
a
project
that
I'm
very
excited
about
is
the
Improvement
of
the
Whitehall
classroom.
Building
the
vast
majority
of
our
undergraduate
students
spend
time
in
Whitehall.
Classroom
building
has
not
been
the
most
pleasant
experience
for
a
lot
of
them
and
so
we're
making
a
lot
of
strides
and
bringing
that
up
to
current
Teaching
Standards
and
replacing
Building
Systems
and
infrastructure.
I
We
are
doing
a
major
renovation
of
Pence
hall,
and
then
we
have
some
minor
projects
with
Patterson
Miller
Peterson
and
we're
spending
a
lot
of
time
and
effort
and
money
on
our
existing
campus
infrastructure,
so
Building
Systems,
underground
utilities
and
things
like
that.
I
Our
MDS
building,
that
is
a
the
fifth
floor,
is
a
shared
space
between
the
colleges
of
Health,
Science
and
nursing.
So
again
that
collaboration
that
we're
seeing
that
we're
trying
to
Foster
there.
That
project
is
scheduled
to
be
completed
in
June
of
2023
from
a
design
standpoint
and
then
in
the
summer
of
2024.
I
That
project
was
originally
a
10
million
dollar
project.
That
budget
has
been
increased
to
15
million
dollars
in
large
part,
due
to
some
existing
error
handling
units
that
needed
to
be
replaced
and
some
elevator
systems
that
were
not
up
to
code
compliance,
but
also
some
of
the
escalation
that
I
talked
about
earlier
affecting
that
project.
I
The
favorite
in
my
group
card
is
the
the
White
Hall
classroom.
Building
this
project
is
119
000
gross
square
feet.
It
is
on
the
core
of
Campus
1960.
Not
a
lot
of
renovation
has
occurred
in
this
building
over
the
years,
so
we
are
we're
going
to
be
scheduling
to
finish
design
in
January
of
2024
and
then
construction
complete
in
the
summer
of
2026.,
we
initially
set
a
project
of
a
budget
of
670
dollars,
a
square
foot
on
this
project
that
seems
high.
I
It
is
high
that
is
34
over
what
we
would
typically
do
for
a
project
of
this
size
from
a
major
renovation
standpoint.
So,
like
it
says
here,
500
a
square
foot
is
what
our
typical
base
was
before
covid
and
we
are
increasing
that
to
hopefully
take
care
of
some
of
the
escalation
that
we're
seeing
out
there
pencil
1907
building.
This
is
even
a
a
more
successful
project
in
some
ways
in
that
it's
one
of
our
more
historic
buildings
on
campus.
It
has
not
been
renovated
in
a
major
fashion.
In
quite
some
time.
I
We
are
in
design
right
now
completing
that
in
July
of
23,
with
construction
planning.
On
being
complete
in
the
summer
of
2025.,
from
a
budgetary
standpoint,
this
project,
we
have
32
million
dollars,
which
equates
to
760
dollars
a
square
foot
for
renovation.
This
project
had
even
more
requirements
from
an
infrastructure
standpoint.
There
are
still
window
units
in
the
building
and
we're
tying
this
building
into
our
steam
condensate,
chill
water
system,
as
well
as
our
complete
electrical
system.
Redo
of
this
building.
I
And
then
we
have
a
very
important
part
of
this
asset
preservation
component
is
our
infrastructure
systems.
We
have
several
projects
that
have
been
initiated
that
deal
with
sanitary
sewer
systems,
Steam
and
condensate
lines.
Some
of
the
buildings
that
we
have
that
I
alluded
to
earlier,
that
still
have
window
units
were
replacing
some
of
the
HVAC
systems.
So
we're
trying
to
extend
the
useful
life
of
some
of
our
more
historic
buildings
on
campus.
I
So
we
have
set
aside
that
25
million
dollars
per
year
for
asset
preservation
for
them
infrastructure
and
Building
Systems
Improvement.
We
have
seen
some
increases
in
cost,
there's
the
theme
again
of
what
we're
witnessing
and
that
has
caused
us
to
take
some
projects
that
we
initially
planned
on
doing
below
the
line
and
looking
at
doing
those
at
a
later
date
when
the
funds
are
available.
A
Well,
thank
you
again
for
another
great
presentation
appreciate
your
time.
Tell
the
president
Capital.
We
miss
him.
We
understand
he's
when
any
cloning
him
probably
so
we
can
see
in
several
different
places,
but
but
I
do
appreciate
you
being
here
today
and,
and
we
want
to
talk
about
that
asset
preservation.
A
It
sounds
like
it's
pretty
typical,
ever
so
far
of
one
of
your
University
of
Louisville
and
and
UK
that
you've
just
made
adjustments
with
what
you
have
due
to
inflation
and
certainly
will
will
hopefully
look
at
next
year's
budget
to
see
how
we
can
offset
some
of
that
cost.
If
can't,
if
we
can
correct
me
if
I'm
wrong,
the
other
thing
I
I
mentioned
to
Marquee
I've
got
way
out
on
you
there,
sorry
about
that.
Is
it
still
on
track
the
Marquee
there's
money
given
last
year,
Market
Cancer
Center
centers.
I
Yes,
the
project
is
still
moving
forward
and
we
are
right
now
in
the
middle
of
the
schematic
design
phase.
We
are
in
a
regular
meeting
cycle
with
that,
going
through
the
design
and
all
of
the
different
things
we're
looking
at
you
know
putting
in
additional
floors
because
of
the
growth
for
ambulatory
and
cancer
Services
Center
in
the
Commonwealth.
So
we
are
looking
at
making
some
adjustments
to
the
the
square
footage
in
an
upward
direction
to
take
care
of
some
of
those
increases
that
we're
seeing
in
need.
A
But
no
major
barriers
at
this
point.
No
sir,
okay,
thank
you
also
with
I
think
funny
was
provided
for
a
healthcare
worker
loan
relief.
Yes,
how
is
that?
Can
you
talk
a
little
bit
about
that
I.
B
A
Thank
you
and
if
you
don't
mind
at
some
point,
just
kind
of
share
an
update
on
that
absolutely
appreciate
it
and
you
may
or
may
not
be
able
to
speak
on
this.
But
if
you
can,
the
general
assembly
provided
some
money
for
cannabis
study,
House,
Bill
604.
To
has
that
already
been
obligated
or
do
you
know
where
that's
at
and
you
may
or
may
not
be
able
to
speak
on
that
or
not.
H
Thank
you
chairman,
yes,
General
Assembly
did
provide
funding
for
the
Cannabis
research
at
the
University
of
Kentucky.
Work
in
that
area
has
begun,
I
think
we've
got
the
the
boards
constituted,
I
know,
Dr,
babylonis
and
Dr.
Walsh
is
doing
some
studies
in
that
space.
I,
don't
know
if
we
have
any
results
yet.
As
you
know,
research
studies
takes
a
bit
of
time,
take
a
bit
of
time
to
get
through
the
process,
but
but
they
are
moving
forward
and
doing
research.
A
That's
that's
great.
Thank
you
very
much
and
I
don't
see
any
oh
represented
about.
J
Thank
you,
Mr,
chair,
good,
to
see
you
all.
Thank
you
for
the
updates.
With
the
high
cost
of
materials
Goods
I
mean,
are
you
all
capable
or
was
there
any
thought
of?
Delaying
some
of
these
I
mean
like
Pence
Hall's
been
there
since
1906.
you
know,
would
it
make
sense
to
maybe
wait
till
inflation
cools
a
little
bit
when
you're
talking
about
30
to
35
percent
increases?
Is
that
even
an
opportunity
or
is
the
opportunity
of
not
moving
forward
the
opportunity
cost
involved
in
that?
I
It
it
depends,
and
and
from
I
guess,
the
construction
perspective,
and
when
we're
planning
these
projects,
we
don't
know
if
it's
going
to
get
worse
or
if
it's
going
to
get
better.
So
we
assume
we'd
kind
of
be
glasses,
have
to
empty
when
we,
when
we
plan
these
projects,
so
we
assume
that
the
escalation
is
going
to
be
there
from
a
long-term
standpoint.
But
even
though
we
are
seeing
some
leveling
off
right
now,
I
mean
when
you
look
at
Central
Kentucky
Western
Kentucky.
I
There
is
a
hot
market
right
now
from
just
the
amount
of
construction
that
is
going
on
in
in
the
Commonwealth
right
now
is
is
very
hot,
especially
when
compared
to
the
rest
of
the
nation.
So
we
are
in
a
hot
market
right
now
from
a
construction
standpoint.
I
do
not
foresee
that
ending
in
the
next
four
or
five
years,
just
based
on
the
experience
that
we
have
so
when
we,
when
we
think
about,
is
the
time
right
to
push
a
project
forward
now
versus.
I
Is
it
going
to
be
more
beneficial
from
us
from
a
financial
standpoint
to
postpone
it
a
year
or
two
it
in
a
lot
of
cases?
It
depends
on
the
need,
but
in
some
of
these
buildings
that,
like
Pence
and
Whitehall,
there's
a
tremendous
need
that
pushes
the
needle
towards
let's
get
it
done
now,
so
that
we
can,
you
know,
continue
on
and
use
this
money.
The
way
it
was
intended
to
be.
J
J
A
Thank
you
representative
again,
I
want
to
say
thank
you
for
your
presentation
today.
Thank
you.
All
of
you
all
for
attending
today,
certainly
always
glad
to
see
you
and
appreciate
your
time
and
effort.
I
also
want
to
end
by
thanking
their
staff
here,
because
they're
fantastic
trust
me
and
and
appreciate
them.
So
we
we
are.