addition, there are 825 voluntary faculty throughout the state supporting the college's education
mission. There are 2,670 undergraduate students, medical students and residents and 1,980 non-
faculty staff members.
He stated that the College continues to improve in research and has doubled its National
Institutes of Health (NIH) funding as well as its total research funding over the last five years.
With $52M annually in research grants and contracts, the College is ranked 30th in NIH funding
among public medical schools. For every 3,100 net square feet of research space, the College
He reported that each year the physicians treat approximately 32,000 inpatients, 450,000
outpatients and provide more than 900 outreach clinics in central and eastern Kentucky. The
College receives 15.7% of its revenues from state funds and in FY 99 leveraged that into a
Dean Wilson distributed material about the College and entertained questions from
members of the Board, following which he received a round of applause for his presentation.
President Wethington thanked Dean Wilson for his presentation and for his good work in
the College of Medicine.
Governor Breathitt thanked Dean Wilson, Frank Butler and Chancellor Holsinger for the
things they have done through the years to keep the Chandler Medical Center financially sound.
J. Acceptance of Interim Financial Report for the University of Kentucky for the
Eight Months Ended February 28. 1999 (FCR 1)
Mr. Hardymon, Chairperson of the Finance Committee, reported that the Finance
Committee met and considered 23 items on the agenda. He said that FCR 1 is the acceptance of
the Interim Financial Report for the Eight Months Ending February 28, 1999. He noted that the
revenues are running ahead of the expenditures at this time of year but are in line with previous
years' percentages. He commented on the positive cash flow and said that it leads to a very
positive and strong balance sheet. He said that there are some fluctuations, and those were
discussed in the Finance Committee meeting. He moved approval of FCR 1. Mr. Chellgren
seconded his motion, and it passed. (See FCR 1 at the end of the Minutes.)
K. Patent Assignment Report (FCR 2)
Mr. Hardymon said that FCR 2 recommends that the patent assignment report for the
period January 1, 1999 through March 31, 1999 be accepted. He reported that there were six
patents in the quarterly report and reviewed each assignment. He moved approval of FCR 2.
His motion, seconded by Dr. Meriwether, carried. (See FCR 2 at the end of the Minutes.)