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The Commonwealth of Kentucky
Penny Cox, Treasurer
University of Kentucky
University of Kentucky
Learn about University of Kentucky including our News & Press Releases, Projects, and Team.
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Learn about University of Kentucky including our News & Press Releases, Projects, and Team.
The University of Kentucky has a broad range of resources centered on a single campus in the heart of the Bluegrass. Our wide array of programs allows us to excel in multidisciplinary studies and fosters an environment of cooperative engagement across all colleges, programs, and research endeavors. Because of the lives we touch and teach, we remain anchored in our mission to Kentucky– to educate, innovate, heal, and serve. To be sure, our complex, multi-faceted mission looks different today in many ways than it did in 1865. However, our sense of responsibility to our communities on campus and across the region is resolute. The mission has evolved and grown. The vision of service to our Commonwealth and the world beyond remains the same. They remain our compass – the soul of the University of Kentucky.
LEXINGTON, Ky. (Oct. 18, 2024) — The University of Kentucky should work with partners to become the institution that does more than any other in the country to advance the health of the state it serves.
That direction was the driving sentiment of a resolution adopted with strong support Friday by the UK Board of Trustees at the conclusion of its annual retreat.
“As Kentucky’s university, we have the distinctive capacity — and singular opportunity — to do more, to be more, for our state and all those we serve,” said UK Board Chairman Britt Brockman. “We also have a special responsibility to do that in partnership with others — providers and caregivers, community leaders and policymakers -- those who have expertise and perspectives that we don’t have. It is acknowledgment that there is much more that we can do together than we can ever accomplish on our own or apart from one another.”
Specifically, the resolution adopted by the Board of Trustees following more of a day-and-a-half of meetings directed UK President Eli Capilouto and the campus to:
“Advancing health means continually assessing and addressing the holistic health needs of the state. All of this is predicated on the idea of what we can do together,” said UK President Eli Capilouto. “We are excited about this direction. We believe it speaks to what Kentucky wants and what communities and partners need if we are to do more — together — to advance the health of Kentucky.”
One new initiative resulting from the Board’s resolution is the activation of the Advancing Kentucky Together Network. For more than two decades, UK HealthCare has established and worked with affiliates – hospitals, clinics and providers – across the state to open greater access to specialty care, such as cancer, heart disease and stroke.
The Advancing Kentucky Together Network takes that affiliate model a step further. It will continue to work with providers and partners to increase access to care and help improve clinical outcomes. But it will also work with other partners across the state on other issues related to overall health, such as education and workforce needs and training.
The network will invest millions of dollars in new resources and intellectual property by UK HealthCare as part of the establishment of the new model – health care outcomes, workforce training and education – across the state. The Advancing Kentucky Together Network will start with clinical partnerships and then expand into other areas, depending upon the needs of partners.
Pikeville Medical Center, a long-time partner of UK HealthCare, was announced Friday as the first member of the Network.
“This is the evolution of our affiliation model,” Capilouto said, “applied not only to providers but to communities — their holistic health, workforce and education needs.”
“So much of what we will do to meet this moment returns to the seminal question we have asked so often of ourselves over the last several years: 'Do we care?'” Capilouto told Board members. “The resolution before you resoundingly answers 'Yes.'”
As the state’s flagship, land-grant institution, the University of Kentucky exists to advance the Commonwealth. We do that by preparing the next generation of leaders — placing students at the heart of everything we do — and transforming the lives of Kentuckians through education, research and creative work, service and health care. We pride ourselves on being a catalyst for breakthroughs and a force for healing, a place where ingenuity unfolds. It's all made possible by our people — visionaries, disruptors and pioneers — who make up 200 academic programs, a $476.5 million research and development enterprise and a world-class medical center, all on one campus.
In 2022, UK was ranked by Forbes as one of the “Best Employers for New Grads” and named a “Diversity Champion” by INSIGHT into Diversity, a testament to our commitment to advance Kentucky and create a community of belonging for everyone. While our mission looks different in many ways than it did in 1865, the vision of service to our Commonwealth and the world remains the same. We are the University for Kentucky.
LEXINGTON, Ky. (Oct. 18, 2024) — A plan for addressing dramatically growing health, education and workforce needs across the state called the Advancing Kentucky Together Network was approved Friday by the University of Kentucky Board of Trustees.
The network will invest millions of dollars in new resources and intellectual property by UK HealthCare as part of the establishment of a new model for to advance health – health care outcomes, workforce training and education – across the state. The Advancing Kentucky Together Network will start with clinical partnerships and then expand into other areas, depending upon the needs of partners.
The creation of the Advancing Kentucky Together Network was approved as part of a resolution adopted by the UK Board of Trustees at its annual retreat. The resolution directed UK President Eli Capilouto to take steps focused on accelerating the university’s efforts to improve the overall health of the Commonwealth.
Pikeville Medical Center has expressed their intent to support and participate as the first member of the network.
“UK has an opportunity — and, we believe, a responsibility — to be the university in this country that does the most for the health of the state it serves. As such, we must be, and we are, focused squarely and strategically on the holistic health needs of the state,” Capilouto said. “Doing that successfully is the single most important way we can advance this state.”
Specifically, the Advancing Kentucky Together Network will focus on supporting partners that become part of the network by sharing expertise in tracking, measuring and documenting patient outcomes, enhancing educational opportunities for Kentucky’s workforce, research and training, and expanding community outreach for more patients to access as much of their care as close to their home as possible.
“Policymakers and partners alike are asking us to expand existing partnerships and explore new affiliations that would support their efforts to help Kentucky grow and prosper,” said UK Board Chair Britt Brockman. “This endeavor is a continued examination of both significant opportunities and challenges confronting the state.”
The creation of the network aligns with UK HealthCare’s longstanding commitment to:
Some examples of how the Advancing Kentucky Together Network would support its affiliates include:
UK’s existing affiliations that have developed over the last 20 years will remain in place in critical clinical service line areas such as cancer, heart and stroke. Those affiliate relationships will continue to focus on disease and program-specific goals.
The new advanced network, in turn, will enhance overall support and collaboration and aid in providing such initiatives as:
“Advancing Kentucky is our way of creating and sustaining a stronger and healthier Commonwealth and a better country and world,” Capilouto said. “This is our mission — to do and be more for the state that we serve in a spirit of partnership and support of so many who share this vision.”
UK HealthCare is the hospitals and clinics of the University of Kentucky. But it is so much more. It is more than 10,000 dedicated health care professionals committed to providing advanced subspecialty care for the most critically injured and ill patients from the Commonwealth and beyond. It also is the home of the state’s only National Cancer Institute (NCI)-designated Comprehensive Cancer Center, a Level IV Neonatal Intensive Care Unit that cares for the tiniest and sickest newborns, the region’s only Level 1 trauma center and Kentucky’s top hospital ranked by U.S. News & World Report.
As an academic research institution, we are continuously pursuing the next generation of cures, treatments, protocols and policies. Our discoveries have the potential to change what’s medically possible within our lifetimes. Our educators and thought leaders are transforming the health care landscape as our six health professions colleges teach the next generation of doctors, nurses, pharmacists and other health care professionals, spreading the highest standards of care. UK HealthCare is the power of advanced medicine committed to creating a healthier Kentucky, now and for generations to come.
LEXINGTON, Ky. (Sept. 13, 2024) — It’s a simple, but powerful formula: more students succeeding at higher rates means a more skilled, healthy and educated workforce to meet Kentucky’s needs.
By those measures, University of Kentucky President Eli Capilouto told members of the Board of Trustees on Friday, UK is making “historic strides in its mission to advance the state in terms of the numbers of students we are educating, retaining and graduating.”
“We know that what our students do here — and how successful they are at UK — will determine, in large measure, whether we are successful in advancing Kentucky,” Capilouto said. “Our mission — now more than at any time in our history — is to open our doors as wide as possible to more and more students, who will shape the future of this state. These numbers reflect our commitment to that ideal. These numbers reflect that we are Kentucky.”
Here are the details:
Finally, the university’s efforts to utilize innovative programs to propel student success also are paying off.
UK Invests — a first-of-its-kind program that debuted last year — provides access to low-risk investment accounts to every student, with opportunities for students to earn money for developing healthy habits. In the first year of the program, more than 20% of students have opened an account.
The retention rate of those students who were in their first year was about 92%, compared to a little more than 84% for those who did not participate. First-year students with UK Invests accounts also had higher GPAs — 3.3 compared to 3.0 who did not participate. More importantly, these gains are seen across levels of incoming student preparation.
Already this fall, more than one-third of new first-year students have opened UK Invests accounts.
“We exist to advance this state in everything that we do. And we are united in our focus on that mission,” Capilouto said. “The enrollment numbers represent one chapter in the story we are writing about what we are doing to honor that vision and achieve our mission. We don’t intend to stop. There are still too many chapters to write, too many stories to tell, so much more to do for our students, their families and this state whose name we bear.”
As the state’s flagship, land-grant institution, the University of Kentucky exists to advance the Commonwealth. We do that by preparing the next generation of leaders — placing students at the heart of everything we do — and transforming the lives of Kentuckians through education, research and creative work, service and health care. We pride ourselves on being a catalyst for breakthroughs and a force for healing, a place where ingenuity unfolds. It's all made possible by our people — visionaries, disruptors and pioneers — who make up 200 academic programs, a $476.5 million research and development enterprise and a world-class medical center, all on one campus.
In 2022, UK was ranked by Forbes as one of the “Best Employers for New Grads” and named a “Diversity Champion” by INSIGHT into Diversity, a testament to our commitment to advance Kentucky and create a community of belonging for everyone. While our mission looks different in many ways than it did in 1865, the vision of service to our Commonwealth and the world remains the same. We are the University for Kentucky.
The University of Kentucky primarily issues General Receipts Bonds. These bonds are secured by a general receipts pledge, as defined below. The total pledged revenues for FY 23 were $4.3B.
"General Receipts" means:
(a) certain operating and non-operating revenues of the University, being (i) Student Registration Fees, (ii) nongovernmental grants and contracts, (iii) recoveries of facilities and administrative costs, (iv) sales and services, (v) Hospital Revenues, (vi) Housing and Dining Revenues, (vii) auxiliary enterprises – other auxiliaries, (viii) auxiliary enterprises – athletics, (ix) other operating revenues, (x) state appropriations (for general operations), (xi) gifts and grants, (xii) investment income, (xiii) other nonoperating revenues, and (xiv) other;
(b) but excluding (i) any receipts described in clause (a) which are contracts, grants, gifts, donations or pledges and receipts therefrom which, under restrictions imposed in such contracts, grants, gifts, donations or pledges, or, which as a condition of the receipt thereof or of amounts payable thereunder are not available for payment of Debt Service Charges, (ii) federal grants and contracts, (iii) state and local grants and contracts, (iv) federal appropriations, (v) county appropriations, (vi) professional clinical service fees, (vii) capital appropriations, (viii) capital grants and gifts, and (ix) additions to permanent endowments, including research challenge trust funds.
*General receipts debt includes the 2019A&B Certificates of Participation which have a subordinate general receipts pledge.
**The 2010 QECB's have a balloon payment of $12,955,000 coming due in 2025 and is reflected in the Annual Debt Service graph above.
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