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From YouTube: Budget Review Subcommittee on Education (7-6-22)
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A
Your
seats
and
please
remind
everyone
to
have
your
cell
phone
turned
off
or
on
silent,
we'll
call
this
meeting
number
one
of
the
interim
budget
review
subcommittee
on
education
to
order
and
before
we
begin,
we
had
a
a
tragedy
in
eastern
kentucky
in
the
prestonsburg
and
floyd
county
community
last
week,
where
three
law
enforcement
officers
lost
their
life.
I
know
there
was
one
funeral
yesterday
and
I
know
that
the
funerals
are
continuing
this
week.
So
would
you
join
with
me
and
just
take
a
moment
of
silence
and
remember
those
brave
individuals
and
their
families?
A
Here
and-
and
I
will
make
a
note
if
you're
not
aware
representative
fleming
lost
his
mother
this
week-
so
also
continue
to
lift
him
and
his
family
up
in
prayers
at
this
time.
I
do,
I
don't
guess
we
have
any
minutes
to
review.
Do
we
first
meeting
okay?
So
let's
go
right
on
into
her
agenda
and
student
loan,
servicing
updates
and
I'll
ask
the
representatives,
diana
barber,
aaron
claire
from
kia
to
come
forward.
A
C
A
However,
this
year,
for
the
first
time
in
the
budget,
there's
six
million
dollars
per
year
to
help
them
with
their
administration
costs
and
just
like
to
get
a
feel
for
for
why
that
has
happened
and
what
you
foresee
going
in
the
future.
So
that's
the
reason
really
brought
you
in
today.
So
please
proceed
with
your
presentation.
D
All
right,
thank
you.
As
chairman
tipton
said,
my
name
is
aaron
clare,
I'm,
the
vice
president
of
government
relations
and
communication
did.
A
D
For
kia
and
keyslick,
better
okay,
so,
and
thank
you,
things
moved
a
little
bit
faster
than
anticipated.
I
did
have
a
testimony
prepared
like
in
january,
but
the
budget
moved
a
little
bit
faster
and
we
didn't
really
need
to
present,
but
thank
you
for
the
opportunity
to
explain
some
of
the
things
that
are
happening
with
student
loans.
A
lot
of
this
happens
at
the
federal
level,
so
this
is
what
we
talked
to
our
congressional
delegation
about.
D
So
I
thank
you
for
the
opportunity
to
talk
at
the
state
level
about
this
so
who
we
are,
if
you're
not
familiar,
the
1966
general
assembly
created
kia
following
passage
of
the
federal
1965
higher
education
act.
Our
mission
is
to
remove
barriers
to
post-secondary
education.
The
most
significant
of
that
is
financial,
and
we
do
that
through
administering
the
state,
scholarships
and
grants.
Second
of
that
is
informational,
so
we
have
different
tools:
publications
services,
that
we
provide
that
help.
People
learn
about
the
opportunities
after
high
school.
D
The
kentucky
higher
education
student
loan
corporation
was
created
by
the
legislature
in
1978.
We
are
a
quasi
governmental
entity.
We
are
a
municipal
du
jour
corporation,
so
the
task
for
that
was
to
make
purchase
and
finance
low-cost
student
loans
and,
up
until
recently,
the
revenues
generated
from
the
loan
activity
are
what
keep
the
lights
on
for
kia
and
allow
us
to
provide
those
services
for
the
state
at
no
cost.
D
So
we're
going
to
talk
about
three
different
loan
types
generally,
I
wanted
to
give
a
brief
primer.
What
we're
mainly
going
to
be
talking
about
is
the
federal
family,
education,
loan
program
or
phelp.
We
love
acronyms,
we
love
alphabet
soup.
So
if
I
talk
about
phelp,
that's
that's
that
program.
D
What
most
people
know
of
right
now
are
the
federal
direct
loan
program
and
then
also
we'll
touch
briefly
on
private
education
lots.
So
kia
is
a
guarantee
agency.
Most
of
you
know
me
as
like
the
keys,
lady
or
you
know,
having
a
hand
in
scholarship
stuff,
but
kia
also
serves
a
role
as
like
an
insurance
agency
for
this
older
felt
program,
we
have
certain
duties
that
we
have
to
perform
as
fiscal
stewards
of
this
loan
portfolio.
D
So
this
is
an
older
model
of
how
the
student
loans
worked.
They
were.
I
used
to
say
we
were:
they
were
the
original
public-private
partnership,
but
then
that
had
some
toll
bridge
connotations
to
it
and
I
had
to
quit
saying
it,
but
a
lot
of
times
these
were
funded
by
private
lenders,
and
then
you
know
we
act
as
the
serviceor
and
the
guarantor.
D
So
we
have
a
different
default
assistance
that
we
provide
as
well
as
claim
payment
management
that
we
have
to
do
for
the
federal
government.
D
So
recent
changes
it's
been
some
turbulent
times
over
the
past
few
years.
The
the
very
first
point
on
that
timeline
is
the
college:
cost
reduction,
affordability
act
of
2007..
This
was
kind
of
the
first
step
in
reducing
some
of
the
revenue
that
we
could
generate
from
the
services
we
provide
on
student
loans.
I
know
some
folks
have
fond
memories
of
some
programs
that
we
used
to
have
with
the
felt
program
the
best
in
class
best
in
law
and
best
in
care.
D
After
passage
of
that,
at
the
federal
level,
we
had
to
start
scaling
back
that
program
because
the
revenues
just
weren't
available
the
next
one
is
the
big
one
that
is,
the
healthcare
healthcare
education
and
I'm
blanking
on
it.
It
is
the
there
was
a
process
used
called
budget
reconciliation
at
the
federal
level
that
ended
the
felt
program
from
new
origination
starting
july
1
2010.
D
That
was
used
as
the
pay
for
for
the
affordable
care
act.
So
a
lot
of
people
don't
know
that,
but
the
student
loans
were
tied
in
heavily
with
the
passage
of
the
expansion
of
health
care,
so
the
next
one
this
dcl,
those
are
dear
colleague,
letters.
They
are
like
sub-regulatory
announcements
from
the
u.s
department
of
education
that
one
that
happened
in
2014
changed
the
amount
of
revenue
that
we
could
receive
from
working
defaulted
student
loans,
so
that
changed
the
availability
of
money
from
collections.
D
Then
we're
going
to
pretend
that
that
first
arrow
there
is
the
pandemic.
So
when
the
pandemic
hit,
we
there
was
a
you
probably
have
heard.
There
was
a
federal
payment
pause
on
student
loans
that
does
not
apply
to
the
felp
loans,
but
it
did
apply
to
collection
activities
and
things
like
wage
garnishment.
D
So
on
march
30th
2021,
which
was
like
right
at
the
end
of
that
session,
we
received
an
announcement
that
any
collections
that
had
occurred
from
the
beginning.
It
was
retroactive
so
from
the
beginning
of
the
pandemic,
to
that
point
had
to
be
returned,
as
well
as
other
activities
like
rehabilitation
and
consolidation,
and
so
that
was
codified
in
this
next,
your
colleague
letter
a
few
it
was
later
in
may
that
that
occurred.
D
So
that
was
a
very
serious
event
that
happened.
That
then
triggered
us
for
asking
for
general
fund
appropriation
for
some
of
our
activities.
We've
also
received
again
the
tail
end
of
session
april
6
2022.
We
received
more
communication
from
the
department
that
they
want
to
further
take
action
on
collections.
We
have
yet
to
receive
a
dear
colleague
letter
on
that
that
would
actually
describe
the
mechanics
and
I'll
go
into
some
of
the
things
we
think
are
coming,
but
to
be
determined.
D
We
still
don't
have
a
resumption
of
payments
on
the
direct
loans,
which
means
we
still
don't
have
a
resumption
of
collections
on
filp
loans.
We
have
something
called
operation
fresh
start,
which
is
that
was
detailed
in
that
april
sixth
announcement
as
well,
as
I
think,
we've
all
heard
in
the
news
that
the
president
may
have
some
sort
of
authority
or
some
sort
of
plan
to
do
ten
thousand
dollars
of
federal
student
loan
forgiveness.
D
So,
going
back
to
this
dear
colleague
letter
that
we
received
we
had
to
cease
all
collection
activities
we
had
to
process
refunds
from
all
involuntary
collections
realized
from
the
beginning
of
the
pandemic.
To
present,
we
had
to
reset
all
interest
rates
on
defaulted
loans
to
zero
and
then
all
of
those
loans
that
defaulted
from
the
beginning
of
the
pandemic
forward
back
to
the
federal
government.
So
I
want
to
take
a
moment
to
describe
what
happens
in
default.
This
is
not
arbitrary.
D
This
hap
default
on
these
student
loans
happen
after
270
days
past
due
there
are
a
number
of
due
diligence
contact
requirements
that
we
have
to
follow,
whether
it's
you
know,
letters
or
phone
calls,
or
you
know,
all
sorts
of
different
attempts
to
get
a
hold
of
a
borrower.
We
have
all
sorts
of
tools
at
our
disposal
that
we
can
help
a
borrower
get
out
of
default,
but
we
cannot
just
automatically
do
it.
We
have
to
act,
make
actual
contact.
D
We
are
also
very
sensitive
to
communications
laws
and
regulations,
so
we
have
to
have
expressed
consent
to
contact
a
borrower
on
an
automated
dialer
on
their
cell
phone.
Otherwise
it
is
subject
to
lawsuits.
So
we
are
sensitive
to
all
sorts
of
rules
and
regulations,
but
one
of
the
things
that
can
help
a
borrower
that
is
in
default
is
something
called
rehabilitation.
D
So
the
impact
the
revenues
for
kia
and
keyslick
have
been
negatively
impacted
this
fiscal
year
from
cessation
of
collections
activities
as
well
as
future,
so
those
loans
that
were
mandatorily
segregated
back
to
the
department.
D
D
I
think
we
were
anticipating
26
million
in
for
fy22.
As
you
can
see
the
books
just
closed
last
week.
I
think
we
barely
made
it
over
five,
so
repayment
resumption,
so
we
have
been
under
the
federal
student
loan
payment
pause
that
may
dear
colleague,
letter
said
that
it
was
going
to
end
september
30
of
21.
Then
it
was
extended
to
january
31st
of
22.
D
Then
it
was
extended
again
to
april
30th
of
22
and
then
again
on
that
communication
from
april
6th,
it
has
been
extended
to
august
31,
which
is
quickly
approaching,
but
we're
hearing
it
may
be
extended
again
to
early
2023
operation
fresh
start.
So
this
also
was
communicated
to
guaranty
agencies
that
a
new
initiative
from
the
us
department
of
education
would,
instead
of
just
that
period
of
loans
that
defaulted
during
the
pandemic.
D
This
would
be
all
student
loans
that
have
defaulted
ever
to
bring
them
out
of
a
defaulted
status,
make
them
current,
restore
their
credit
rating
and
restore
their
title
for
student
aid
eligibility,
and
I
will
note
that,
at
a
state
level,
it
is
in
statute
for
most
of
our
scholarship
programs,
that
you
cannot
receive
a
scholarship
unless
or
if
you
have
a
defaulted
obligation
to
kia.
So
this
will
have
an
impact
if
it
goes
forward
with
some
of
our
state
programming
as
well.
D
D
So
we
also
think
that
the
intention
is
that
any
sort
of
collection
activity,
including
wage
garnishment
and
treasury,
offset,
would
cease
to
exist
in
the
future,
which,
honestly
administratively
treasury
offset,
can
go.
That
one
is
a
lot
of
work
for
not
a
lot
of
results,
so
other
things
I
think
you
have
asked
about
what
has
been
happening
so
far
with
student
loan
forgiveness.
There
have
been
several
initiatives
that
are
targeted.
Borrower.
Defense
to
repayment
has
made
the
news
recently.
That's
actually
kind
of
been
in
the
works
for
about
10
years.
D
This
is
for
students
who
attended
for-profit
institutions
that
closed,
and
so
they
file
a
claim
with
the
department.
It
goes
through.
A
lot
of
you
know
bureaucratic
hoops
and
then
on
our
system.
We
will
receive
something
from
the
department
saying
that
you
know
these
loans
have
been
written
off,
corinthian
college.
We
have
about
200
borrowers,
roughly
218
loans,
it's
about
300
000,
but
that
will
be
a
claim
that
will
be
paid
from
the
department
income
driven
repayment.
D
There
are
four
or
five
different
types
of
income
driven
repayment
plans
that
a
borrower
can
sign
up,
for
it
depends
on
when
their
loans
were
dispersed,
depending
on
their
benefits.
So
there's
like
the
repay
income
driven
plan,
those
it
depends
on
your
income
and
family
size
and
then,
if
there's
any
student
loan
balance
after
20
25
years
depends
on
the
plan
that
remaining
balance
could
be
written
off.
So
the
department
has
communicated
that
during
this
payment
pause,
while
no
federal
student
loan
payments
have
been,
you
know,
no
transactions
have
been
made.
D
They
are
intending
to
count
those
zero
monthly
payments
as
if
they
were
payments,
so
it
has
to
do
with
how
we
count
the
the
time
in
a
loan.
So
we
have
not
received
guidance
from
the
department
on
that
yet,
but
that
is
something
that
you
know
would
affect
our
loan
portfolio,
public
service
loan
forgiveness
and
this
temporary
expanded
public
service
loan
forgiveness
are
two
programs
that
you
know
should
someone
work
in
the
public
sector
and
they
make
120
qualifying
payments.
D
So
you
know
10
years
worth
of
payments
if
there
is
any
residual
balance
that
that
can
also
be
forgiven.
Those
two
require
consolidation
to
the
department
of
education.
So
if
we
have
those
old
felt
loans
and
they've
had
employment,
that
would
count
they
would
have
to
transfer
off
of
our
system.
So
we
can
see
in
our
system
that
loans
are
being
consolidated
away,
but
we
don't
know
why.
D
I
would
imagine
it
is
these
two
programs,
the
second
one,
this
temporary
expanded
public
service
loan
forgiveness
is
slated
to
end
on
october
31st
of
this
year
we
are
hearing,
it
may
be
extended
even
further,
so
broad
student
loan
forgiveness.
This
is
the
one
that
is
also
in
the
news.
The
last
we've
heard
is
it
is
a
potential
ten
thousand
dollars
for
given
for
any
any
any
federal
student
loan
borrower
with
any
type
of
outstanding
loan
in
good
standing
standing
from
any
disbursement
date.
D
Last
we've
heard
there
may
be
means
testing,
so
it
would
only
be
eligible
for
for
people
that
file
taxes
as
single
150
thousand
dollars.
If
you
file
jointly
300
thousand
dollars,
we
don't
have
the
ability
to
tell
what
the
income
is
of
our
borrowers,
but
I
would
imagine
you
know
this
this
pretty
much.
If
they
have
to
consolidate
it
would
impact
all
of
our
portfolio
if
they
were
to
receive
want
to
receive
the
ten
thousand
dollars
of
forgiveness.
D
So
things
that
I'm
not
going
to
get
into
much
detail
about
is
that
if
this
comes
through
as
an
executive
order,
there's
some
questionability
about
whether
or
not
it's
legal-
and
I
my
crystal
ball,
says
you
know
when
things
are
a
gray
area,
it
usually
goes
to
court.
So
if
and
when
this
drops,
I
think
it
will
be
tied
up
even
longer
even
further.
D
So
our
advocacy
at
this
point
is
that
we,
you
know
these
are
federal
student
loans.
We
are
ready
and
willing
to
do
what
is
in
the
best
interest
of
the
borrowers,
whether
that
is
reversing
defaulted
statuses
or
implementing
student
loan
forgiveness,
but
we
would
prefer
to
keep
the
accounts
on
our
system,
as
that
is
the
you
know,
the
main
way
that
we
keep
the
lights
on,
but
it's
also
really
causes
a
lot
of
borrower,
confusion
and
disruption
when
they
transfer
from
servicer
to
servicer
and
different
administrative
hurdles.
D
D
We
also
offer
cohort
default
management
services.
Schools
are
required
to
manage
their
default
rates
for
their
borrowers
if
they
want
to
maintain
their
title
four
eligibility
title
four
is
the
the
governing
section
of
the
higher
education
act
for
all
scholarships
loans.
That
kind
of
thing
we
also
provide
fafsa
verification
services
for
schools,
so
it
has
been
up
to
30
percent
of
fafsas
have
been
flagged
for
further
information,
w-2s
that
kind
of
thing
income
eligibility
for
students.
So
a
lot
of
times.
D
The
financial
aid
offices
at
the
universities
are
swamped
and
overwhelmed,
and
so
we
provide
that
as
a
service
that
they
can
contract
with
us,
and
we
are
not
waiting
for
someone
to
rescue
us
either.
We
have
opportunities
for
future
revenue.
The
department
has
acknowledged
that,
even
if
they
do
bring
borrowers
out
of
default,
some
population
are
going
to
re-default.
D
D
So
the
department
of
education
has
also
indicated
that
they
would
like
to
redo
how
direct
loans
are
serviced,
so
they,
I
think
it
was
last
month
issued
thousands
and
thousands
and
thousands
of
pages
of
requirements
for
people
to
bid
on
to
see
whether
or
not
we
could
be
a
a
prime
servicer.
We
do
not
have
the
ability
to
be
a
prime
contractor.
D
D
Those
responses
are
due
back
to
the
department
on
the
16th
of
this
month,
so
other
things,
the
kentucky
educational
savings
plan,
trust
we've
rebranded
to
ky,
saves
529.
It's
been
since
2019
we've
been
working
with
a
new
partner,
a
census
that
contract
is
modeled,
so
that
not
only
does
that
program
pay
for
itself.
D
We
don't
have
the
administrative
fees
that
we
use
or
the
administrative
costs
that
we
used
to
from
monitoring
that
plan
or
administering
that
plan,
but
we
earn
a
teeny
tiny
little
bit
of
revenue
for
assets
under
management
now
we're
talking
like
150
000,
but
last
time
I
checked
that
is
more
than
zero.
So
the
more
incentives
we
can
provide
for
people
for
saving,
for
you
know
our
kentucky
plan.
That
would
be
great.
D
We
also
have
the
ability
to
do
grants
and
fundraising.
Many
years
ago
the
general
assembly
allowed
us
to
create
a
501c3
in
statute.
We
haven't
actually
done
anything
with
it
yet,
but
that
opportunity
is
still
there,
as
well
as
the
preferred
lender
listing
for
the
advantage
education
lens
that
we
provide
now.
D
So
I
would
be
silly
if
I
didn't
give
you
the
rates
on
our
awesome
advantage.
Education
lens,
so
the
new
federal
plus
rates
just
came
out
on
friday,
and
that
is
actually
probably
one
of
our
bigger
competitors
would
be
the
federal
plus
loan.
But
the
2022-23
interest
rates
for
federal
plus
loans
are
start
at
seven
point:
five,
four
percent,
so
you
know
we
always
want
people
to
get
all
of
the
the
free
money.
D
Belt
tightening,
except
for
me,
I
started
eating
my
feelings.
A
long
time
ago
we
have
reduced
our
operating
budgets
by
over
3.1
million
for
the
last
last
fiscal
year.
We
have
not
been
filling
a
lot
of
our
vacancies.
You
know
one
of
our
our
most
expensive
pieces
is
our
is
people
so,
instead
of
replacing
some
positions,
we
have
divided
up
duties,
and
so
you
know
some
of
us
are
doing
the
work
of
12
people
instead
of
10.
D
Now,
through
diana's
leadership,
we
have
signed
a
one-year
lease
in
our
louisville
office
with
a
smaller
footprint.
I
no
longer
have
office
space
in
louisville,
covid
and
work
from
home
kind
of
allowed.
Some
of
our
staff
to
you
know
be
remote
as
well
as
we
reduced
operational
budgets
again
for
this
fiscal
year.
D
So
what
did
you
guys?
Pay
for
house
bill?
One
appropriated
six
million
in
each
fiscal
year
of
general
fund
support
to
help
us
with
administering
the
the
warm
fuzzy
stuff,
the
student
financial
aid
programs,
as
well
as
the
the
outreach
informational
services.
This
is
replacement
funding.
I
think
there
was
some
miscommunication,
maybe
to
our
staff,
maybe
with
you
all
that
we
were
going
to
do
new
fancy
things
with
this.
This
is
filling
a
budget
hole
that
was
created
from
the
lack
of
collections
revenue,
and
these
are
all
the
programs
that
we
administer
some
of
them.
D
Even
if
you
don't
fund
them
in
the
budget,
they
still
exist
like
one
good
example,
is
the
osteopathic
medicine
one
that
one
is
a
conversion
scholarship?
So
if
it
converts
into
a
loan,
money
comes
back
into
the
fund
and
we
still
have
to
administer
an
award.
So
there
are.
There
are
a
lot
of
programs
that
we
take
care
of
for
our
students
and
our
universities,
and
we,
I
hope
we
do
it
well.
If
we
don't,
you
know
how
to
get
a
hold
of
me
so
unmet
needs.
D
There
was
one
teeny,
tiny
little
piece
of
our
budget
request
that
didn't
get
funded.
It
was,
I
mean,
relatively
speaking,
935
thousand
dollars.
We
wanted
to
add
three:
more
outreach,
coaches,
counselors
and
30
additional
college
coaches.
So
this
is
some
of
the
programming
that
we
provide,
as
you
can
see,
from
these
territories.
Each
one
of
these
colors
on
the
map
is
a
person.
They
are
required
to
go
to
every
middle
school,
every
high
school,
every
adult
education
center,
every
career,
fair,
not
even
talking
about
the
cost
of
gas
right
now.
D
That
is
a
lot
of
territory
for
somebody
to
cover.
So
if
we
could
add
three
more,
we
feel
like
we
could
lighten
the
load
of
some
of
our
staff
as
well
as
provide
better
services
for
what
we
currently
do.
The
map
on
the
right
is
our
college
coaches.
This
is
a
partnership
we
have
with
kentucky
campus
compact.
D
They
are
americorps
vistas.
They
are
near
peer.
Mentors
that
are
in
high
need
high
schools.
This
is
last
year's
map.
It's
going
to
update
a
little
bit
for
this
coming
fall,
but
we
have
third
party
research
that
proves
how
effective
near
peer
mentorship
is
for
getting
people
to
go
to
college,
and
we
would
like
to
expand
upon
this
so
30
additional
coaches.
I
think
they
cost
about
20
000
each.
D
So
I
don't
have
a
whole
lot
of
answers
for
you
about.
What's
coming
with
student
loan
forgiveness,
the
the
broad
student
loan
forgiveness
and
I
don't
know
anything
about
operation
fresh
start
but
I'll.
Let
you
know
as
soon
as
I
do
and
if
our
needs
increase
for
some
of
the
the
programs
that
we
do
so
we'll
take
questions.
A
Thank
you
aaron,
and
I
guess
just
to
summarize
your
presentation.
Kia
provides
a
valuable
service
to
our
kentucky
people
of
kentucky
because
of
actions
that
were
taken
by
the
federal
government.
The
taxpayers
of
kentucky
had
to
contribute
six
million
dollars
a
year
for
the
next,
but
two
next
bud
two
years
of
our
budget
to
help
provide
those
services.
D
I
don't
know
that
yet.
So
what
the
6
million
covers
is
what
our
audited
financials
said.
Is
this
department
and
this
department,
you
know
so
you're
paying
for
the
student
financial
aid
administration
and
outreach,
but
we
also
have
like
an
I.t
department.
We
have
an
hr
department,
we
have,
you
know
all
the
other
things,
so
I
don't
know
that.
Yet
I
would
imagine
that
we
would
have
to
look.
D
You
know
at
other
operational
changes
that
we
can
make
on
the
student
loan
side
before,
knowing
how
much
more,
but
I
do
think
that
the
six
million
is
going
to
have
to
continue
and
I
love
I
love
it
when
you
all
have
great
new
ideas
for
new
scholarships
and-
and
you
know,
removing
barriers
to
post-secondary
education,
but
I
will
warn
you
that
the
more
complicated
and
labor-intensive
those
programmatic
changes
may
be.
D
I
may
have
to
bill
you
for
it,
so
you
know
that's
not
something
we've
ever
had
to
do
before,
but
you
know
if
you're
wanting
us
to
send
more
letters-
or
you
know
all
the
different
things
that
we
do-
that
you
all
don't
know
happens
behind
the
scenes.
D
You
know
and
we're
going
to
be
very
sensitive
to
the
operational
cost.
Okay.
A
E
E
However,
that
being
said,
I
did
an
undergraduate
at
university
of
kentucky
and
a
master's
degree
mba
at
university
of
louisville,
and
even
though
I
was
working
for
our
small
family
business
and
my
income
was
not
anything
to
get
too
excited
about.
I
was
able
to
pay
off
all
of
those
loans
and
I
just
don't
think
that's
quite
the
case
right
now
for
our
young
people.
So
do
we
have
any
data
on
student
loan
balances
and
then
like
per
student
and
then
what
type
of
income
they're
making
I
mean?
E
Are
our
kids
getting
into
this
really
deep
loan
debt
situation
and
then
not
having
anywhere
near
the
income
to
pay
off
those
loans.
D
So
and
again
the
I
don't
have
income
information
for
the
felt
population,
the
new
loans
that
we
administer
the
advantage
education
loans,
those
are
based
on
income
and
ability
to
repay.
So
not
everybody
is
going
to
qualify
for
our
loans.
D
There
are
other
triggers
that
again,
we
advocate
for
at
the
federal
level,
for
example,
the
financial
aid
office
at
an
institution
is
not
really
allowed
to
tell
someone
not
to
take
out
a
student
loan,
so
you
know,
but
what
you're
asking
about
is
you
know
average
student
loan
debt?
There
is
a
place.
I
always
point
people
to
it's
the
project
on
student
debt
and
I
think
the
average
is
around
30
000,
which
is
increasing.
It
didn't
used
to
be
that
much
back.
D
D
That
is
more
like
an
online
click
tool
now
with
the
department.
So
some
of
the
the
high
touch
services
that
we
used
to
provide
for
our
borrowers
are
is
gone
so
and
then
dinah.
You
want
to
say.
F
I
just
wanted
to
mention
that,
thanks
to
the
general
assembly,
with
the
wonderful
increase
in
the
cap
grant
award,
this
should
obviate
the
need
for
more
borrowing
for
our
students
in
kentucky.
This
will
cover
all
that
plus
pell
will
cover
all
tuition
and
fees
for
all
public
universities,
but
for
a
few
hundred
dollars
at
the
university
of
kentucky,
and
it
will
cover
more
than
tuition
and
fees
at
the
community
college
level.
So
that's
thanks
to
the
great
efforts
of
you
all
here's,
so
that
will
help
obviate
the
student
loan
debt
burden.
E
D
Yes,
so
that
is
fees
that
are
paid
from
the
department
based
on
the
voluntary
or
involuntary
repayments
made
from
defaulted
students.
G
Thank
you,
mr
chairman.
You've
clearly
stated
you
know
in
the
in
the
past,
we've
been
subsidizing
our
operations
with
federal
loan
collections
and
that's
pretty
much
gone
away
at
least
permanently,
if
not
temporarily,
who
knows
right
switching
gears
to
advantage
education,
loans,
we're
administering
those.
G
I
think
I
know
the
answer
this
question,
but
just
to
make
sure
the
general
assembly
is
we've
chipped
in
three
million
or
any
of
those
state
dollars
used
in
that
area
to
subsidize
that
operation
or
is
that
in
its
own
silo
for
lack
better
term
by
itself.
G
B
Thank
you,
mr
chairman
aaron.
Thank
you
for
your
presentation.
Going
back.
Also,
representative
bojanowski
talked
about
with
student
loan
situations.
You
know:
we've
passed
legislation
with
financial
literacy
getting
that
into
the
high
schools
and
I
think
that's
going
to
be
by
2024
for
every
high
school
graduate.
B
What
is
your
office
doing,
and
is
that,
along
the
lines
of
when
you
said
that
unmet
need
of
the
counselors?
Are
you
all
going
into
and
working
with
high
schools,
especially
with
maybe
financial
literacy
courses,
to
show
them
the
impacts,
as
it
relates
to
student
loans
issues
such
as
this?
So
they
have
also
an
expectation
or
also
working
with
parents
as
well.
D
Yes,
that
is
a
great
question,
so
one
of
the
so
our
outreach
council
counselors
actually
have
like
a
repertoire
of
presentations
that
they
can
give.
It
can
be,
you
know,
targeted
to
financial
literacy.
We
actually
have
a
publication,
that
is
just
financial
literacy,
we're
also
in
the
process
of
redoing
our
website
that
is
going
to
have
more
financial
literacy,
that
kind
of
thing
to
it,
but
we
are
required
by
federal
law.
I
believe
to
send
annual
letters
to
any
of
our
borrowers
about.
This
is
how
much
you
borrowed
this.
D
Is
you
know
how
much
you're
going
to
end
up
paying
you
know
so
again
to
get
to
representative
bojanowski's
question
about
their
income.
You
know
we
always
tell
people,
you
need
to
first
right-size
your
educational
choice
to
your
expected
income,
so
you
know
we
don't
need.
We
really
don't
encourage
anyone
to
borrow
more
than
what
you
know
like
10,
or
so
you
know
disposable
income,
how
you
slice
that
up
what
what
it
should
be.
D
So,
but
yes,
that's
a
lot
of
our
outreach
counselors
as
well
as
some
of
our
more
online
tools
that
go
into
the
financial
literacy.
B
D
With
all
of
our
information
is
free,
all
of
our
publications
are
free,
so
we
get
requests
all
the
time.
Please
send
me
200
books
of
you
know
the
financial
literary
literacy
guide.
We
have
other
ones
that
are
more,
for
you
know
we
have
one,
that's
actually
getting
some
national
attention.
We
used
to
call
it
surviving
college.
We
have
renamed
it
to
thriving
in
college,
but
I've
been
told
it
is
being
used
as
not
only
a
financial
literacy
guide
in
the
classroom,
but
also
for
freshman
orientation
at
our
universities.
D
B
Thank
you,
mr
chairman,
thank
you
for
your
presentation
today
as,
and
you
may
not
be
able
to
answer
this,
but
I
want
to
throw
out
the
question
anyway,
just
in
case,
but
student
loans
often
cover
tuition,
but
at
the
same
time,
most
of
the
time
they're
used
to
cover
beyond
tuition.
The
unmet
needs
transportation.
What
have
you
do?
You
have
any
data
we
have
just
went
through
this
pandemic.
A
lot
more
online
classes
has
the
tuition
has
to
has
the
student
loans
in
states
same
increased
or
decreased
over
the
time.
D
So,
interestingly-
and
it's
probably
like
what
diana
said
due
to
the
generosity
of
the
general
assembly
in
some
of
our
grant
programs,
but
our
lending
in
kentucky
is
flat
if
not
declining
our
lending
outside
of
the
state
is
increasing,
so
that
I
don't
know
if
that
answers
anything.
But
I
can
tell
you
that
is
the
trend
right
now.
A
Yeah,
I
believe,
just
to
add
to
the
conversation
I
believe
the
maximum
capital
went
from
29
to
5
300.
So
that's
a
substantial
increase.
Well,
thank
you
for
your
presentation.
Today.
We
will
be
in
touch
our
next
presenter
comes
from
the
state
auditor's
office.
If
you
all
make
your
way
to
the
table,
they
have.
The
auditor's
office
has
initiated
a
special
examination
on
kentucky
state
university.
A
B
A
B
Well,
thank
you,
mr
chairman,
for
inviting
us.
As
you
mentioned,
our
office
has
initiated
a
special
examination
of
kentucky
state
university
and
we've
done
that,
pursuant
to
a
directive
from
the
legislature
in
house
bill
1
that
appropriated
a
total
of
200
000
in
funding
to
our
office
for
that
purpose,
I
know
you
probably
will
have
a
lot
of
questions
you
wish
we
could
answer
today.
I
do
want
to
manage
expectations
by
noting
that
we
really
aren't
here
to
discuss
any
substance.
H
Good
morning
and
thanks
again
for
having
us
this
morning,
I
wanted
to
cover
just
a
little
bit
of
the
timeline
that
I'm
able
to
share
with
you
to
let
you
kind
of
know
the
progress
that
we've
made
at
the
end
of
april
april
28th,
we
sent
an
engagement
letter
to
ksu
and
that
basically
was
just
announcing
that
we're
going
to
conduct
a
special
exam
at
ksu,
then
in
may
on
may
11th.
H
We
met
with
the
former
interim
president
stamps
board,
chair,
patton,
regent,
dukes
and
several
other
individuals
from
ksu,
and
we
just
went
over
what
a
special
exam
is
and
kind
of
what
our
process
is.
As
far
as
requesting
information,
letting
them
know
what
will
happen
at
the
end
of
our
procedures
and
that
sort
of
thing
we
also
asked
if
we
could
speak
to
the
board
as
well
ksu
board.
So
we
went
at
the
beginning
of
june
and
spoke
to
them
as
well
covered
very
much
of
the
same
information
about
our
process.
H
You
know
letting
them
know
that
we'll
issue
a
report
at
the
end
of
our
work,
you
know
ksu
will
have
a
chance
to
respond
and
that
sort
of
thing
I
want
to
cover
a
little
bit
about
what
a
special
exam
is,
because
that
is
very
much
different
from
a
financial
statement.
Audit,
as
you
all
are
well
aware,
ksu
has
had
financial
statement
audits
and
recently
the
audit
firm
crow
has
performed
them.
H
The
recent
most
recent
financial
statement
audit
was
for
fiscal
year
2020
and
so
in
a
financial
statement
audit.
You
know
they're
looking
at
financial
activity,
obviously
but
you're,
giving
an
opinion
on
that
in
a
special
exam.
We're
not
going
to
be
giving
an
opinion
on
financial
statements,
we're
going
to
be
looking
at
financial
activity
following
the
data
looking
at
allegations
that
sort
of
thing,
but
we
will
be
looking
also
at
internal
controls,
governance
structure.
H
I
already
mentioned
allegations
that
sort
of
thing
and
then
we'll
come
up
with
a
report
that
will
outline
anything
that
we
may
have
found
and
also
provide
recommendations
to
help
the
university
with
anything
that
we
have
found
a
little
bit
about.
The
team
like
tiffany
and
myself
will
be
managing
and
directing
the
special
exam.
H
We've
got
a
really
good
team
of
career
senior
apa
employees,
we're
planning
our
work,
like
I
mentioned
following
the
data
with
the
information,
we're
collecting,
we'll
revise
our
scope
as
we
go,
but
we've
told
ksu
and
the
board
that
getting
information
quickly
and
letting
us
know
when
there's
not
information
will
help
keep
the
process
going.
I
can't
give
you
an
exact
timeline
when
we're
going
to
be
finished,
because
we
are
still
at
the
very
much
the
beginning
stages.
H
Ksu
has
been
very
receptive
to
our
request:
they're
working
very
hard
to
get
information
for
us,
but
we
are
going
to
be
speaking
to
a
lot
of
people
and
getting
a
lot
of
information.
So
it's
going
to
be
a
big
process,
like
I
mentioned
at
the
end,
we'll
have
a
report
and
we'll
allow
ksu
to
respond
to
any
of
the
findings
that
we
have
that's
kind
of
just
a
brief
overview.
B
A
Could
share
at
this
point,
but
I
thought
it
was
good
for
the
committee
to
understand
the
process
that's
going
on,
and
I
will
ask
you
one
question
over
the
course
of
the
last
several
months.
In
my
role,
I've
had
several
people
reach
out
and
volunteer
information
to
me.
Is
there
a
process
if
somebody
wants
to
reach
out
to
the
auditor's
office
and
if
they
have
comments
or
things
about
this
situation
or
others
if
they
can
a
way
for
them
to
do
that.
B
Yes,
sir,
absolutely
there
are
a
couple
of
avenues,
we're
probably
going
to
say
the
same
thing.
We
have
our
website
auditor.ky.gov,
where
people
can
go
to
make
reports,
and
we
also
have
a
toll-free,
1
800
number.
That's
1,
800,
ky
alert
which
people
can
can
share
information.
They
can
share
as
much
detail
as
they
would
like.
They
can
remain
anonymous
if
they
would
like
so
several
options.
For
folks
who
would
like
to
share
information
with
us.
A
Okay,
thank
you,
co-chair
west
has
a
question.
Thank
you,
mr.
G
Chairman
this
is
a
loaded
question,
so
just
throwing
that
out
there
and
I
realized
this
time
frame-
you
could,
it
could
be
large.
But
could
you
tell
us
when
you
might
expect
that
you
may
have
some
results
from
your
work,
something
that
you
could
report
back
to
this
committee
on
yeah
and
it
can
be
a
wide
range.
B
I
think
our
our
goal
would
be
certainly
by
the
end
of
auditor
harmon's
term,
which
would
be
by
the
end
of
next
calendar
year.
Sooner
would
be
great,
but
we
also
realize
this
is
a
pretty
large
undertaking
and
it
may
take
some
time
so.
A
I
J
Those
inquiries-
I
know
you
will
be
talking
to
those
who
are
still
on
campus.
Will
you
also
be
approaching
those
who
are
not
off
that
have
left
the
campus
but
have
worked
in
the
different
areas
that
you
are
looking
at.
H
B
A
Our
next
item
on
the
agenda
will
be
a
very
lengthy
item.
We
have
an
update
from
house
bill
250
in
house
bill
1.,
and
I
know
that
there's
a
couple
of
different
parts
of
this,
but
if
those
percenters
will
come
forward
at
this
time.
A
Let's,
let's
have
the
ksu
update
first
and
then
we'll
do
the
asset
preservation
part
of
it.
Let's
make
sure
we've
whoever's,
whoever
is
going
to
be
here
from
ksu.
I
understand
that
the
board
chair
patton
is
with
us
online
as
well.
A
C
Okay,
I
am
ronald
johnson
and
I
am
the
interim
president
of
kentucky
state
university.
Hopefully
you
can
hear
me
through
this.
A
F
F
K
A
F
A
A
Thank
you
so
much,
and
we
certainly
appreciate
you
being
here,
president
johnson,
it
was
a
pleasure
to
to
meet
you
this
morning.
I
I
will
share
with
you
that
I've
been
I've
been
reviewing
a
little
bit.
I've
been,
you
know
you
can
google
things
to
get
a
little
bit
about
your
background,
so
I
do
have
one
question
for
you
as
you
begin
what
what
prompted
you
to
make
the
decision
to
want
to
be
at
kentucky
state
university
at
this
time.
As
interim
president.
C
A
C
You,
chairman
tipton,
it's
it's
it's
pretty
simple.
I
see
that
there
is
a
clear
path
for
kentucky
state
university.
The
question
is:
can
we
chop
through
the
rush
to
get
to
that
path?
C
I'm
a
person
who
who
does
believe
that
hbcus
have
played
a
central
role
in
the
success
of
this
nation
and
certainly
of
the
commonwealth,
and
that
they
can
continue
to
create
legacies
and,
as
a
consequence,
I
threw
my
hat
in
the
ring
offered
the
the
institution,
my
services
to
come
and
help
really
renew
the
institution.
C
It
is
a
an
institution,
that's
an
equity
institution,
which
means
that
it
brings
people
who
are
from
forgotten
communities,
people
who
are
going
to
be
who
are
first
generation
into
opportunities
where
they
improve
their
the
life,
the
life
chances
for
themselves,
their
family,
their
community,
and
then
they
also
contribute
back
to
the
largest,
the
larger
commonwealth
and
the
nation
by
adding
productivity
and
as
a
consequence
for
me,
looking
at
kentucky
state
university,
I
see
that
there
is
really
what
I
call
a
dual
bottom
line:
one
where
there
is
performance
and
that
performance
is
tied
to
financial
viability
and
then
the
other
is
impact.
C
A
A
C
K
Kentucky
state
university
has
gone
through
significant
personnel
reductions
throughout
the
campus.
The
losses
in
particular
have
severely
impacted
the
finance
and
administration
division.
The
accounting
staff
has
experienced
notable
resignations,
comprising
of
the
controller
accounting
supervisor,
grants,
supervisors
and
two
grant
accountants
and
within
the
purchasing
department,
we've
lost
a
purchasing
manager.
Buyer
associates
travel
agent
and
a
payroll
manager
which
just
recently
has
been
filled,
has
added
to
the
bombardment
of
finance
and
administration
personnel
laws.
K
These
staff
reductions
challenge
the
remaining
staff
ability
to
support
the
university
and
service
accountability
and
accuracy.
While
trying
to
fill
these
open
positions,
the
rehire
for
these
positions
have
been
limited
in
many
instances
lacks
the
qualifications
specified
for
the
jobs.
The
chart
of
accounts
in
the
banner
system
is
limited
and
is
operational.
Support
within
the
university
use
throughout
the
campus.
K
K
What
we
have
done
in
trying
to
get
a
hold
of
the
finances.
K
We
have
developed
a
cash
position
report
that
we
go
over
weekly
with
the
president
that
outlines
all
the
cash
activities
of
the
college
stemming
from
checks,
disbursements,
deposits,
accounts,
receivables,
asset
preservations
and
come
down
to
our
actual
net
cash
of
accessibility
that
we
have
each
week
now
in
further
projections
that
we
have
been
able
to
comprise,
as
we've
had
a
budget
recently
approved
by
the
board
stemming
about
41
million
dollars
for
the
annual
upcoming
20
to
23
year.
This
will
be
a
very
tight
budget.
K
K
A
K
Well,
the
audit
for
21
we're
looking
at
by
the
end
of
july,
okay
and
for
22
by
the
first
week
of
october.
Okay,.
J
I
think
that
the
number
of
years
that
I've
been
here
that
I
need
to
turn
on
the
the
mic,
I'm
just
wanting
to
go
back
to
the
staff
reduction
and
you
talked
about
not
being
able
to
get
those
people.
K
It's
a
combination
of
two
plus.
There
is
just
a
limited
amount
of
accountants
available
in
our
area.
At
this
time
I
mean
I
was
speaking
with
some
of
our
sister
institutions
and
they're
running
with
some
of
the
same
situation
when
it
comes
to
availability
of
accountants,
but
without
question.
K
K
Yes,
sir,
and
that
is
going
to
be
very
limited
for
this
upcoming
year,
with
the
budget
constraints
that
we're
going
to
have
to
have,
but
we'll
we'll
we'll
get
through
it.
It's
just
going
to
be
some
long,
some
long
hours
for
some
of
the
remaining
committed
personnel
at
the
college.
J
So
if
we
really
want
to
know
the
information
that
we
have
charged
you
to
provide,
we
need
to
to
make
sure
that
the
university
is
able
to
bring
people
in
who
can
provide
the
information
that
all
of
us
in
the
general
assembly
have
asked
you
to
provide.
J
So
it's
a
it's
a
it's
a
really
a
double-edged
sword
here
and
so,
and
how
you
approach
it
and
how
you're
able
to
bring
someone
in
will
determine
the
information
that
we
will
be
provided
with
and
what
you
will
be
working
with
with
the
auditor
as
well,
and
so
I'm
I'm
just
throwing
that
out
there
to
my
colleagues
that,
if
you're
not
able
to
bring
in
the
people
that
you
need
to
bring
in
so
that
the
information
that
we
are
requesting,
it's
it's
putting
you
in
the
hole
from
the
very
beginning.
J
A
F
A
F
F
Yes,
yes,
I
would
like
to
say
that
the
board
of
regents
is
very
well
organized.
It's
up
and
running.
It's
already,
I
would
say
a
high
performing
entity
with
lots
of
activity
almost
boring
on
fast
tediousness,
so
we're
organized.
We
have
our
committees
established.
We
have
the
audit
committee
established
the
finance
and
administration.
F
We
have
an
institutional
advancement
committee
established
academic
programs,
so
we're
up
and
running
and
we're
very,
very
excited
about
our
new
president,
dr
johnson,
who
comes
highly
regarded
and
we've
developed,
strong
relationships
with
cpe
and
we're
looking
forward
to
moving
the
institution
forward.
So
I'm
saying
that
it's
already
the
board
is
very
up
and
running.
We
have
our
committees
established
and
we
are
looking
forward
to
ameliorating
and
alleviating
some
of
the
issues
as
we
as
we
proceed
forward
to
to
get
the
institution
back
on
sound
footing.
A
Representative,
graham,
has
another
question.
I.
J
Don't
have
a
question
I
just
want
to
make
a
comment,
and
I
should
have
made
those
comment
prior
to
what
I
said
earlier.
I
want
to
as
a
graduate
of
kentucky
state
university,
a
proud
graduate
of
kentucky
state
university.
I
want
to
take
the
opportunity
publicly
to
thank
all
of
you,
dr
johnson,
taking
on
this
charge
as
our
interim
president,
dr
gerald
shields,
and,
most
importantly,
dr
gerald
patton,
who
will
be
the
chairman
of
this
committee
and
dr
patton,
has
a
a
degree
from
kentucky
state
university.
J
This
is
a
good
team
and
I
know
that
you
are
willing
and
ready
to
work
with
the
general
assembly,
and
I
just
hope
that
the
general
assembly-
and
I
do
believe
that
we
will
will
work
with
you
as
we
take
on
this
charge,
to
get
the
university
onward
upward
and
forward
in
the
next
months
or
years
that
we
will
take,
but
we're
here
to
work
with
you.
I
hope
all
of
us
are
here.
J
A
I
will
just
add,
as
the
primary
sponsor
house
bill
250,
I'm
very
pleased
to
hear
what
I've
heard
today.
I
believe
we're
kentucky
state
university
is
taking
the
steps,
the
initial
steps
that
are
necessary
to
succeed,
and
I
I
am
committed,
as
well
as
others,
as
representative
graham
said,
to
helping
you
succeed
in
doing
it
and
doing
what's
necessary
to
provide
the
education,
especially
for
the
the
students
who
may
not
have
the
opportunity.
A
A
E
A
L
Mr
chair,
thank
you
committee.
It
is
good
to
be
here
this
morning.
We
have,
I
think,
good
news
to
share.
First
of
all,
I
want
to
thank
your
hb
250
and
the
dollars
you
put
toward
helping
us
to
be
able
to
share
this
information,
also
for
those
that
put
forth
the
effort
and
the
time
to
give
us
a
little
more
resources
to
help
ksu
not
only
survive
but
to
thrive.
So
I
I
will
tell
you
that
in
the
last
many
months,
I'll
say
this:
without
being
scared,
we've
been
working
hard
with
ksu.
L
It's
not
been
an
easy
task,
arduous
at
times
tough.
At
times,
I'm
looking
forward
to
working
with
dr
johnson,
we've
already
had
a
chance
to
get
together
and
talk
these
two
folks.
Next
to
me,
have
been
doing
you
know
much
overtime
in
order
to
make
sure
that
we
are
doing
what
we've
been
charged
to
do
under
250
around
the
financial
viability.
L
Also,
we've
been
working
with
the
provost
and
others
on
campuses
on
the
campus
looking
at
what
we
need
to
do
in
order
to
make
sure
that
we
have
an
academic
infrastructure,
if
you
want
to
call
it
that
that
is,
futuristic,
and
that
is
focused
one.
That
in
fact
will
not
only
do
what
needs
to
be
done
to
help
ksu
become
and
keeping
in
with
the
tradition
of
being
an
hbcu
but
becoming
a
state-of-the-art
campus.
That
has
an
hvcu
focus.
L
So
I
do
want
to
tell
you
that
couple
things
I
will
share
with
you
that
we
are
needing
to
do
immediately.
I
appreciate
representative,
graham
your
statement.
We
we
realize
that
we
have
some
financial
issues.
Greg
can
tell
you
now
that
we
were
able
to
work
with
the
board
and
others
to
bring
in
some
folk
to
immediately
help,
because
we
were
we.
We
understood
that
we
were
going
to
have
to
take
some
immediate
action
and
in
fact
we
have
there's
a
lot
more
of
that
we
need
to
do.
L
Hb
250
calls
for
a
lot
of
things,
surely
cpes
and
full
partnership
to
make
sure
that
we
accomplish
those
things,
but
we're
also
charged
with
making
sure
that
we
are
good
stewards
of
the
dollars
you
gave
us
and
that
we
keep
up
the
promise
we
made
and
we've
not
been
shy
about
having
that
conversation
with
all
that
needs
to
have
it.
But
you
know
I'm
going
to
quit
giving
a
speech
and
let
these
folks
give
you
some
more
microscopic
stuff
and
let
you
ask
questions
if
you
like,
but
I
will
say,
though
this.
L
This
is
still
a
long
road
ahead
and
we're
going
to
have
to
do
some
things
in
the
next.
You
know
just
a
little
bit
to
get
students
on
campus
and
get
them
settled.
We're
going
to
have
to
and
we're
behind
we're
going
to
have
to
do
some
items
that
allows
us
to
in
parallel
build
some
more
academic
programs
that
are
focused
on
this
futuristic
thriving
I
talked
about,
while
at
the
same
time
cheering
up
the
core
academic
needs
of
the
campus
in
order
to
serve
the
students
that
we
have.
L
So
we
have
immediacy
fully
in
face,
but
we
also
have
the
future
fully
at
hand.
So
I
did
want
to
start
out
by
saying
that
happy
to
take
questions
here
in
a
little
bit,
but
I
wanted
to
let
travis
who,
as
you
know,
I
put
in
charge
of
being
the
senior
liaison
with
the
campus
to
talk
a
little
bit
about
where
250
is
at
so
far.
N
Thanks
dr
thompson-
and
you
know
just
to
give
you
a
little
bit
of
update-
we
are
hitting
all
our
markers
for
house
bill
250..
So
the
first
item
that
was
required
to
be
approved
was
a
financial
exigency
policy
and
the
board
took
action
on
that
at
their
at
their
first
meeting.
So
so
that
was
done
in
back
in
on
april
the
27th.
N
So
we
as
soon
as
the
board
newborn
got
appointed
confirmed
by
the
senate.
They
got
right
to
work
scheduled
the
meeting
and-
and
we
took
care
of
that
right
away-
took
care
of
some
other
items
that
were
right
away,
that
needed
to
be
done,
purchases
that
need
to
be
improved,
approved
and
that
sort
of
thing,
so
the
board's
been
doing
a
great
job
and
taking
care
of
the
things
that
need
to
happen
just
to
run
the
institution
we've
our
reporting
requirements.
N
We
you've
received
our
june
1st
update
on
the
management
improvement
plan
per
the
house
bill
250,
the
management
improvement
plan
updates
are
are
to
be
provided
june,
1st
and
november
1st,
and
the
actual
plan
is
due
november
1st
and
we're
well
on
our
way
to
gathering
information
and
developing
the
the
requirements
of
each
of
those
eight
areas
that
are
outlined
in
the
legislation.
N
Ksu's
been
a
good
partner
in
in
that
regard,
and
we've
been
getting
the
information
that
we
need
to
help
set
the
goals
and
benchmarks
in
that
in
those
in
that
plan,
which
also
will
be
tied
to
the
15
million.
The
5
million
the
next
year
in
the
10
million
in
the
following
year
is
that
right,
yeah.
N
Correct,
I
couldn't
remember
if
it
was,
I
had
it
inverted
or
not,
but
but
yeah
for
for
investment
funding
for
the
institution
that
you
guys
so
graciously
included
in
house
bill
250,
and
so
that
will
determine
the
benchmarks
that
they
need
to
meet
in
order
to
receive
those
funds.
N
Those
funds
will
both
help
the
financial
stability
of
the
institution,
but
also
be
incentive
fundings
to
to
to
make
investments
targeted
investments
to
move
the
institution
forward,
to
make
it
a
high
quality
institution
and
a
more
financially
sustainable
institution
in
the
years
to
come.
So
we're
really
excited
about
that.
N
The
other
item-
that's
about
to
be
approved
the
faculty
and
staff
evaluation
plan.
We
are
in
the
middle
as
we
speak,
almost
of
of
developing
that
we've
been
working
with
ksu
on
developing
that
process.
That
is,
that
will
be
adopted
by
the
borders
due
to
be
adopted
by
the
board
of
this
july
15
meeting.
So
we're
we'll
be
meeting
our
targets
for
that
requirement
as
well.
So
we're
we're
moving
along
we're.
N
Also
approving,
as
you
may
recall,
in
house
bill
250
cp
is,
is
a
required
to
approve
all
expenditures
over
five
thousand
dollars
and
at
the
fir
cp's
meeting
april
15th.
As
soon
as
the
the
legislation
was
passed,
we
cp
adopted
a
a
financial
approval
policy
of
expenditure.
N
When
we
have
a
new
budget
and
a
balanced
budget,
we
can
actually
tie
the
individual
expenditures
to
the
budget
units
to
make
sure
that
they're
within
those
when
we
make
those
payments
and
that
process
is
working.
Really
it's
a
lot.
I
mean
it's,
it's
a
lot
of
work,
but
it's
a
worthwhile
endeavor
and
it's.
It
also
gives
us
a
good
sense
of
the
operations
of
the
institution
as
well,
so
so
that
process
is
working
so
we're
we're
doing
all
the
things
that
you
all
have
asked
us
to
do
again.
N
I'm
excited
to
get
president
interim
president
johnson
on
board.
He-
and
I
are
meeting
today
after
this
to
go
over
some
of
this
stuff
in
detail.
We
had
a
great
meeting
on
july,
the
first
his
first
day
in
in
his
new
role
on
zoom.
The
three
of
us
met
with
him.
It
was
a
great
great
conversation,
similar
comments
that
he
made
here
really
looking
forward
to
moving
the
institution
forward,
so
happy
to
report.
Things
are
going
well
and
I'm
very
optimistic
we've.
N
We
also
we're
all
working
on
house
bill
250
and
getting
those
things
done,
but
we're
also
making
sure
the
institution
has
what
it
needs
to
start
up
in
the
fall
and
to
provide
what
it
needs
to
provide
for
the
students
moving
forward.
That's,
I
think,
that's
implied
in
house
bill
250,
if
not
explicit,
so
we're
we're
in
the
process
of
doing
that
as
well.
We've
got
an
information
request
in
to
make
sure
that
they
are
ready
to
provide
the
services
to
students
and
ready
to
start
in
the
fall
and
we'll
be
working
together
with
them.
N
On
campus
we've
hired
dr
stephanie
mayberry,
who
was
already
on
cp
staff,
but
has
moved
over
from
academic
affairs
to
work
under
me
to
be
our
primary
on-campus
liaison.
She
has
a
wealth
of
experience
in
academic
affairs
and
student
affairs,
so
we're
happy
to
have
her
on
board
and
she's
already
doing
a
great
job
and
and
had
a
huge
impact
already
working
directly
with
the
folks
on
campus
to
make
sure
that
we're
getting
what
we
need
and
they're
getting
what
they're
they
need
to
start
the
semester.
So.
M
I
think
dr
thompson
travis
covered
it
well,
I'll
just
add
one
or
two
things.
One
of
the
requirements
in
house
bill
250
was
that
cp
provide
a
monthly
financial
update
which
just
to
give
you
that
calendar.
So
you
know
when
you'll
have
that
we
require
the
the
data
to
come
to
us
from
ksu
by
the
10th
of
each
month,
and
then
our
goal
is
to
produce
that
report
by
the
17th
of
each
month.
M
G
G
As
a
layperson
just
outside
looking
in
pretty
much,
you
know,
I
think,
having
good
financial
people
with
sound
accounting
practices
and
professionals
in
that
area
is
very
key
for
ksu,
obviously,
and
and
that
should
be
a
high
priority
in
ksu's
budget,
but
from
a
cpe
perspective,
can
you
all
help
them
with
that
making
sure
those
positions
are
filled
immediately
because
for
us
to
to
help?
We
have
to
have
good
information
quickly
here
and
then
that's
the
first
question:
can
you
help
with
that?
G
And
secondly,
are
there
any
artificial
barriers
through
either
cpe
or
the
state
regs
that
are
preventing
them
from
you
know,
maybe
upping
that
pay
scale
a
little
bit
so
they
can
get
in
quality
personnel.
L
Well,
let
me
start
off
and,
as
you
all
know,
greg
was
over
there.
He
knows
this
better
than
anybody.
I
know,
as
a
matter
of
fact,
couple
points.
Let
me
answer
the
latter
one.
L
First,
no
there's
no
artificial
barriers
to
the
pay
scale,
but
you
know
I'm
I'm
not
disagreeing
with
dr
shills
at
all,
but
what
you
have
here
in
place
is
that
you're
going
to
have
to
wholesale
replace
a
lot
of
key
personnel
right
now
in
this
very
moment,
and
just
even
if
you
did
that,
no
matter
how
much
you
paid
them,
they're
gonna
have
to
get
up
to
snuff
enough
to
make
impact.
We're
gonna
have
to
get
our
technology
working
in
a
manner
there.
That
allows
us
to
really
pull
accurate
data.
That
makes
sense.
L
So
a
part
of
this
is
not
just
the
human
infrastructure.
It's
the
technology
infrastructure
that
needs
to
be
a
part
of
it.
So
that's
part
of
it,
the
adam
and
and
and
president
johnson-
and
we
talked
about
this
the
other
day,
there's
some
things
that
you
have
to
do
before
that
we
need
to
get
people
who
are
already
professionals
that
we
can
get
in
there
now
to
do
the
things
that
we
need
to
do
while
we're
building
a
permanent
group
of
folk
and
technology
for
the
campuses.
L
That's
what
we're
responding
to
at
this
moment
as
a
matter
of
fact,
to
give
them
the
kind
of
help
that
they're
needing
they're
able
to
pull
now
the
audit
at
the
level
that
they
are
because
we
were
able
to
step
in
with
them
early
once
we
recognized
that
they
were
going
to
be
a
lot
of
movement.
A
lot
of
churning
to
be
honest
with
you
is
there
have
been
on
that
campuses
for
years
with
the
financial
folk,
straightforward,
so
greg
did
you
want
to
tell
them
what
we've
done
so
far?
The.
M
When
dr
shields
and
I
discussed
it,
we
have
to
get
some
of
the
work
done
that
they're
behind
on,
because
the
current
staff
can't
catch
up
two
years
worth
of
work
and
do
the
day-to-day
work
as
well.
So
that's
why
I
think
it
was
key
that
they
brought
they're
bringing
in
outside
help.
I
think
they're
gonna
have
to
bring
in
more.
Frankly,
I
think,
given
the
losses
that
he's
had
and
travis
and
I'll
talk
to
dr
johnson
about
this
today,
probably
need
to
go
with
more
contract
accountants
in
the
short
term.
M
To
get
some
of
this
work
off
the
plate.
Where,
then,
the
the
staff
that
are
brought
in
have
time
to
learn
and
have
time
to
work
on
the
day-to-day
things,
so
we
get
on
schedule
and
stay
on
schedule.
M
The
the
other
piece
of
this
that
dr
thompson
just
mentioned
is
work
on
the
the
banner
system,
which
is
the
accounting
system.
M
The
university
uses
the
there's
a
contract
in
place
now,
and
the
first
phase
of
that
has
been
completed
for
aleutian,
which
is
the
company
that
that
owns
banner
and
produces
banner
to
come
in
and
do
an
assessment
of
how
that
system
was
implemented
on
campus,
where
the
holes
are
where
the
problems
are,
where
the
lack
of
training
is
and
that
process
has
been
completed
on
the
general
ledger
and
it's
now
moving
into
student,
financial
aid
and
it'll
work
through
all
the
modules
that
they
use
banner
with
on
campus
we're
reviewing
those
recommendations,
the
ones
that
can
get
in
place
quickly
will
will
help
them
do
that
ones
that
are
going
to
be
a
little
bit
longer
term.
L
L
In
my
opinion,
and
also,
I
think
we
will
be
able
to
pay
a
fair
labor
wage
for
good
people,
but
I
think
we
have
to
make
it
to
where
great
people
want
to
come
there
to
get
paid
a
fair
labor
wage.
And
so
there
is
a
one,
two
punch
here
that
we
fully
identified
and
some
of
you.
A
President
thompson,
we'll
move
on
to
asset
preservation,
we're
short
on
time,
I'll.
Let
the
members
know
there's
a
lot
of
good
information
in
our
meeting
material
packet
and
encourage
you
to
look
that
because
I
don't
think
we're
gonna
have
time
to
go
campus
by
campus
with
the
detail,
but
please,
if
your
new
people
will
come
forward,
identify
yourself
for
the
record.
A
O
Bill
payne
vice
president
for
finance
and
administration
at
cpe.
Please
raise
your
right.
A
L
Mr
chair,
I
won't
spend
any
time
give
you
the
introduction.
I
was
going
to
give
you
just
to
know
that
we
are
on
track
with
this,
and
a
lot
of
good
things
are
happening.
We've
got
things
shovel
ready,
some
are
in
the
ground.
It's
moving
really
well,
and
we've
set
up
a
procedure
and
process
to
where
people
are
now
able
to
in
july
to
start
drawing
down
on
those
dollars
and
I'll
just
leave
it
there
and
bill
payne
I'll.
Let
fairly
quickly
bill
just
quickly.
Tell
them
where
we're
at.
O
Let's
see,
I'm
going
to
provide
just
a
few
slides
to
provide
a
little
bit
of
historical
information
about
the
projected
need
for
asset
preservation,
investment
in
kentucky
at
our
public
postsecondary
facilities
and
then
also
about
the
level
of
state
investment
over
the
past
eight
biennium,
and
this
first
slide
kicks
that
off.
In
2005,
the
council
contracted
with
van
der
wheel
facilities
and
associates
to
conduct
a
comprehensive
review
of
over
700
eng
facilities
at
our
kentucky
public
post-secondary
institutions.
O
O
The
blue
bars
represent
investment
in
new
and
expanded
space,
and
these
are
biennial
totals
in
terms
of
those
numbers,
as
you
can
see,
prior
to
2022
over
the
previous
seven
biennia,
the
state
spent
about
281
million
on
facilities,
renovation
and
renewal,
but
what's
really
unprecedented,
and
we
really
want
to
thank
the
general
assembly
on
behalf
of
the
council,
council
staff
and
our
post-secondary
institutions
is
the
level
of
investment
that
you
see
in
2022-24
and,
as
you
know
already,
you
authorize
700
million
for
asset
preservation
projects
in
the
current
biennium
and
812
million
for
new
construction,
and
I
believe
president
thompson
you
might
want
to
comment
on
this.
L
So
we
also
have
a
process
without
going
in
great
long
detail
and
looking
at
asset
preservation,
buildings
and
say:
is
it
worth
really
renovating
something
that
you're
going
to
pay
two
million
dollars
to
have
a
new
building
for
so
we're
at
that
level
of
of
understanding
exactly
what
our
recommendations
are
to
the
campuses
when
they
propose
it?
But
I
just
quickly
wanted
to
say
this
will
have
a
big
impact.
I
think,
on
the
post-secondary
outcomes.
O
Just
to
provide
the
components
of
that
that
funding
for
asset
preservation,
the
enacted
budget
authorized
683.5
million
in
bond
funds
for
an
asset
preservation
pool
it
also
appropriated
16.5
million
for
a
stand-alone
asset
preservation
project
at
kctcs.
O
O
This
slide
shows
how
those
funds
are
allocated
among
the
institutions
and
the
allocation
method
was
based
on
each
institution's
share
of
system
total
category
1
and
category
2
square
feet.
You
can
see
that
the
appropriation
was
spread
over
two
years,
50
or
341.8
million
dollars
in
each
year
of
the
upcoming
biennium.
O
The
biennial
totals
are
provided
to
the
in
the
column
to
the
far
right,
and
you
can
see
that
it
totals
the
683.5
million
dollars
in
that
asset
preservation
pool
well.
Once
house
bill,
1
was
enacted
by
the
general
assembly
and
and
the
governor
council
staff
worked
with
campus
officials
and
osbd
staff
to
develop
a
set
of
guidelines
that
will
help
cpe
and
osbd,
identify
eligible
projects,
certify
expenditures
and
and
facilitate
the
process
of
requesting
reimbursement
for
those
expenditures.
O
The
next
four
slides
cover
just
a
little
bit
of
what
was
included
in
in
the
guidelines
that
were
approved
by
the
council
and
in
terms
of
matching
requirements.
They
are
well
aligned
with
what
was
included
in
house
bill
1,
which
is
a
30
cents
per
state
dollar
matching
requirement
for
our
research
institutions,
a
15
cents
per
state
dollar
matching
requirement
for
our
comprehensive
universities
and
kctcs
institutions.
O
The
one
prohibition
is
that
we've
indicated
that
general
fund
appropriations
cannot
be
used
as
a
match
for
the
asset
preservation
pool
funds
in
terms
of
usage
of
funds,
projects
that
preserve
renovated,
renew
eng
facilities
are
eligible
to
receive
funds
from
the
asset,
preservation
pool
and
also
projects
that
preserve
renovate
or
renew
state-owned
and
operated
residential
housing
facilities
are
eligible,
and
that's
something
new
that
was
included
in
the
language
of
house
bill.
1.
O
Before
seeking
reimbursement,
institutions
will
submit
a
list
of
their
planned
projects
to
cpe.
Cpe
staff
will
review
those
projects
and
certify
to
the
institutions
that
the
projects
are
eligible
free
and
for
reimbursement
consistent
with
the
language
included
in
house
bill.
1.
O
I'm
going
to
take
just
a
minute
and
ask
sean
mccarran.
If
he'll
tell
you
a
little
bit
about
some
of
the
additional
information
that
we
provided
in
your
packet.
I
A
G
G
L
The
quick
answer
is
an
easy
answer
is,
thank
god,
goodness,
yes,
and
I
appreciate
the
15.
For
that
reason,
we've
been
able
to
identify.
I
was
really
concerned
specifically
about
ksu
and
moorhead,
just
to
put
it
fully
in,
and
we
had
a
really
in
detail
conversation
with
them
on
where
they
can
find
the
resources.
L
The
goal
we
have
here
bottom
line
is
the
goal
that
you
have
is
that
every
bit
of
this
money
goes
to
the
institutions
that
they
individually
get
to
use
because
every
one
of
them
need
it
that
no
one's
left
out
of
this
in
the
process,
and
we
were
going
to
make
sure
that
that
happened.
So
the
answer
is
yes,.
J
There's
a
boiler
on
kentucky
state
universities,
as
you
are
aware
aware-
and
it's
been
it's
been
talked
about
about-
you
know-
there's
not
even
parts
for
that
anymore
because
it's
heck,
I
don't
even
know
100
years
old.
Maybe
I
have
no
idea.
J
The
fact
of
the
matter
is,
it
needs
to
be
replaced
or
or
the
system
across
the
campus
needs
to
be
replaced,
and
you
mentioned
morehead
in
k-state.
Is
that
being
addressed
in
regards
to
this
particular
information
that
you
you're
talking
about.
I
They
have
it
listed
as
their
third
project,
buildings
and
utilities
channels,
hot
chilled
water,
piping,
replacements
and
then
again
at
their
at
their
sixth
item.
They
they
have
a
total
of
50
million
dollars
in
projects
listed
and
will
only
have
pool
funds
of
18.5,
but
but
they
were
listed
towards
the
top
of
this
list.
L
Two
other
quick
points,
and
I
think
this
you're
asking
two
questions
in
my
mind.
First
of
all,
all
of
our
campuses
have
close
to
eight
billion
dollars
worth
of
need.
The
money
you
all
provided
serves
ten
percent
of
that
now
that
we
work
with
the
campuses
to
make
sure
what
is
your
number
one
priority
that
you
want
to
do
that
and
that's
and
they
gave
us
that
and
they
they
listed
that.
Third,
I
think
on
their
list
in
that
regard.
They
found
some
other
things,
but
they
will
be
able.
L
What
is
the
total
amount
of
funds?
They
can
pull
down
right
now.
18.5
million
18.5
million
when
in
in
the
case
of
ksu,
make
a
long
story
short,
which
is
actually
more
than
a
10
worth
of
the
total
for
their
needs
by
relative
comparison.
But
I
am
very
familiar
with
that
boiler
and
you're
absolutely
right.
It
needs
to
be
replaced
well.
J
And
the
things
that
they're
asking
for
and
I'm
not
trying
to
be
difficult.
But
if
you
trying
to
move
the
university
forward,
the
university
needs
assistance.
It
needs
help
and
I
could
argue
that
in
the
past
we
have
not
provided
the
funding
that
they
have
requested
over
the
many
years
that
I've
been
here
with
your
20.
J
We've
not
been
able
to
get
those
funds
that
we've
requested
and
it's
always
been
a
battle
to
get
what
we
can
and
I'm
just
being
honest
so
with
the
university
being
in
the
in
in
in
the
situation
that
we're
in
right
now.
J
I
would
hope
that
the
the
council
on
post-secondary
ed-
and
I
know
you
are-
and
I
know
you
familiar
with
many
of
those
problems-
that
they
have-
that
some
of
those
things
we
as
a
general
assembly
are
going
to
have
to
come
back
and
look
at
in
order
to
get
the
university
where
we're
asking
them
to
be.
J
And
so
I
just
want
to
put
that
out
there,
because
I
want
to
remind
our
members
that
some
of
these
problems
that
the
university
has
is
because
of
the
underfunding
that
the
university
has
gone
through
since
I've
been
here
and
way
before
that,
and
it's
always
been
the
history
of
that.
So
I
just
want
to
make
sure
that
our
members
are
aware
or
need
to
be
aware
of
what
the
university
has
had
to
go
through
over
over
these
all
these
years.
So
thank
you
so
much.
L
Well,
one
of
the
things
I
will
throw
in.
In
addition
to
that
I
mean
we
we
are
working
with.
We
do
get
some
money
from
general
assembly
around
healthcare
and
just
so
happens,
we
work
with
health
care
agencies.
Everybody
knows
I'm
the
chair
of
the
board
of
baptist
health
and
others.
We
are
really
building
we're,
putting
some
money
in
with
ksu,
along
with
some
state
money,
to
do
some
of
the
things
to
provide
for
the
needs
of
the
state
like
more
health
care,
folk
and
more
people
of
color.
In
that
role.
L
So
there's
you
know
there
are
people
around
the
state
also
willing
to
invest,
along
with
the
general
assembly
and
others
to
make
sure
that
ksu
provides
what
they
need
down
the
road
we're
going
to
be
coming
back.
Hopefully
I
haven't
talked
with
chair
patton
yet,
but
to
ask
for
this
healthcare
building,
which
I
think
is,
is
a
key
element
representative,
graham
to
some
of
the
things
you're
talking
about.
J
It's
recently
there
at
the
university,
the
the
money
that
was
charged
to
us
from
from
a
hospital
yeah
from
st
joe
st
joe.
I
didn't
I
didn't
know
whether
or
not
to
say
that
or
not,
but
well.