Title 770 KAR — Western Kentucky University

Chapter 1 Board of Regents

770 KAR 1:010 Acquisition and disbursement of funds, accounting system - records and annual report {#sec-770-kar-1-010 omnilex-key=us-ky-regs-official--title-770--770 KAR 1:010}

Section 1. The Western Kentucky University Board of Regents elects to perform the financial management functions set forth in KRS 164A.560, Section 2, related to the receipt, deposit, collection, retention, investment, disbursement, and accounting of all funds; and KRS 164A.565 related to the installation of and accrual basis accounting system, other records and annual reports.

Section 2. The Western Kentucky University Board of Regents elects to comply with KRS 164A.560, Section (2)(b) to limit disbursements to the accounts and for the purposes for which the state appropriations, or other monies have been received for through the enacting resolution of the institution's annual operating budget.

Section 3. The Western Kentucky University Board of Regents shall use an accrual basis accounting system and fund structure that conforms with generally accepted accounting principles and procedures established for colleges and universities by the National Association of College and University Business Officers and the American Institute of Certified Public Accountants, and shall act to ensure further compliance with Sections (2), (3), (6), (7), and (8) of KRS 164A.565.

History

• RELATES TO: KRS 164A.560, 164A.565
• STATUTORY AUTHORITY: KRS 164A.560
• NECESSITY, FUNCTION, AND CONFORMITY: The governing boards of the public institutions of higher education may elect to perform the financial management functions of KRS 164A.555 to 164A.630 by issuing administrative regulations to do so. This administrative regulation implements the provisions of KRS 164A.560 and 164A.565 at Western Kentucky University.
• History: 18 Ky.R. 2072; eff. 2-7-1992; Crt eff. 6-21-2019; Crt eff. 5-27-2026.

770 KAR 1:020 Delegation of financial management responsibility {#sec-770-kar-1-020 omnilex-key=us-ky-regs-official--title-770--770 KAR 1:020}

Section 1. The Western Kentucky University Board of Regents, under the provision of KRS 164A.560, elects to delegate responsibility for the financial management provisions of KRS 164A.560, 164A.565, 164A.575 and 164A.620 to the president of the university. Further, the Board of Regents delegates to the president responsibility for submitting to the State Property and Buildings Commission information and requests for approval of any bond project approved by the Board of Regents.

History

• RELATES TO: KRS 164A.560, 164A.565, 164A.575, 164A.620
• STATUTORY AUTHORITY: KRS 164A.560
• NECESSITY, FUNCTION, AND CONFORMITY: The governing boards of the public institutions of higher education may elect to perform the financial management functions of KRS 164A.555 to 164A.630 by issuing administrative regulations to do so. This administrative regulation implements the provision of KRS 164A.560 at Western Kentucky University.
• History: 18 Ky.R. 2073; eff. 2-7-1992; Crt eff. 6-21-2019; Crt eff. 5-27-2026.

770 KAR 1:030 Annual audit {#sec-770-kar-1-030 omnilex-key=us-ky-regs-official--title-770--770 KAR 1:030}

Section 1. The Western Kentucky University Board of Regents elects to engage a qualified firm of certified public accountants for the purpose of submitting an independent opinion concerning the internal accounting controls and compliance with the provisions of KRS 164A.560, 164A.565, 164A.575, and 164A.620. The engagement of the qualified firm, scope of the audit, and report of findings shall be in accordance with the provisions of KRS 164A.570.

History

• RELATES TO: KRS 164A.570
• STATUTORY AUTHORITY: KRS 164A.560
• NECESSITY, FUNCTION, AND CONFORMITY: The governing boards of the public institutions of higher education may elect to perform the financial management functions of KRS 164A.555 to 164A.630 by issuing administrative regulations to do so. This administrative regulation implements the provision of KRS 164A.570 at Western Kentucky University.
• History: 18 Ky.R. 2074; eff. 2-7-1992; Crt eff. 6-21-2019; Crt eff. 5-27-2026.

770 KAR 1:040 Purchase - inventories - sales of surplus property procedures {#sec-770-kar-1-040 omnilex-key=us-ky-regs-official--title-770--770 KAR 1:040}

Section 1. The Western Kentucky University Board of Regents, under the provisions of KRS 164A.560, elects to purchase and manage interests in real property, contractual services, rentals of all types, supplies, materials, equipment, printing, and services in accordance with Sections (1), (2), (3), (4), (5), (6), (7), (8), (10), (11), and (12) of KRS 164A.575.

History

• RELATES TO: KRS 164A.575
• STATUTORY AUTHORITY: KRS 164A.560
• NECESSITY, FUNCTION, AND CONFORMITY: The governing boards of the public institutions of higher education may elect to perform the financial management functions of KRS 164A.555 to 164A.630 by issuing administrative regulations to do so. This administrative regulation implements the provision of KRS 164A.575 at Western Kentucky University.
• History: 18 Ky.R. 2075; eff. 2-7-1992; Crt eff. 6-21-2019; Crt eff. 5-27-2026.

770 KAR 1:050 Issuance of bonds {#sec-770-kar-1-050 omnilex-key=us-ky-regs-official--title-770--770 KAR 1:050}

Section 1. The Western Kentucky University Board of Regents, under the provision of KRS 164A.560, elects the authority to issue bonds subject to the conditions as set forth in KRS 164A.605.

History

• RELATES TO: KRS 164A.605
• STATUTORY AUTHORITY: KRS 164A.560
• NECESSITY, FUNCTION, AND CONFORMITY: The governing boards of the public institutions of higher education may elect to perform the financial management functions of KRS 164A.555 to 164A.630 by issuing administrative regulations to do so. This administrative regulation implements the provision of KRS 164A.605 at Western Kentucky University.
• History: 18 Ky.R. 2076; eff. 2-7-1992; Crt eff. 6-21-2019; Crt eff. 5-27-2026.

770 KAR 1:060 Fund for excellence {#sec-770-kar-1-060 omnilex-key=us-ky-regs-official--title-770--770 KAR 1:060}

Section 1. The Western Kentucky University Board of Regents, under the provisions of KRS 164A.560, elects and authorized the establishment of a fund for excellence under the conditions and for the purpose as set forth in KRS 164A.620.

History

• RELATES TO: KRS 164.410, 164A.620
• STATUTORY AUTHORITY: KRS 164A.560
• NECESSITY, FUNCTION, AND CONFORMITY: The governing boards of the public institutions of higher education may elect to perform the financial management functions of KRS 164A.555 to KRS 164A.630 by issuing administrative regulations to do so. This administrative regulation implements the provision of KRS 164A.620 at Western Kentucky University.
• History: 18 Ky.R. 2076; eff. 2-7-1992; Crt eff. 6-21-2019; Crt eff. 5-27-2026.

770 KAR 1:070 Capital construction procedures {#sec-770-kar-1-070 omnilex-key=us-ky-regs-official--title-770--770 KAR 1:070}

Section 1. The Western Kentucky University Board of Regents, under the provision of KRS 164A.560, shall elect to perform all functions relating to capital construction in accordance with KRS 164A.575, 164A.580, 164A.585, 164A.590, 164A.595, and 164A.600, and the board shall delegate this responsibility to the president, who shall act on behalf of the board and under the provisions of KRS 164A.560.

History

• RELATES TO: KRS 164A.575, 164A.580, 164A.585, 164A.590, 164A.595, 164A.600
• STATUTORY AUTHORITY: KRS 164A.560
• NECESSITY, FUNCTION, AND CONFORMITY: KRS 164A.560 authorizes governing boards of each public institution of higher education to elect to perform financial management functions in accordance with KRS 164A.550 to 164A.630 through the promulgation of administrative regulations. This administrative regulation implements the provisions of KRS 164A.575, 164A.580, 164A.585, 164A.590, 164A.595, and 164A.600 at Western Kentucky University.
• History: 30 Ky.R. 522; 867; eff. 10-31-2003; Crt eff. 6-21-2019; Crt eff. 5-27-2026.