Learn about the Team at University of Kentucky, including our Treasurer, Debt and Liquidity Senior Director, and Debt and Liquidity Analyst.

Photo of Penny Cox

Penny Cox


Penny Cox is the Treasurer for the University of Kentucky, overseeing various financial and treasury functions including, debt and liquidity, banking, payroll, accounts payable, travel management, research accounting, cost accounting, property records, student accounts, and accounting and preparation of internal and external financial reports.

Penny joined the University of Kentucky in 1972 and has served in numerous leadership positions, including Associate Vice President for Administration at UK.   In her role, she reports to the Executive Vice President for Finance and Administration which has over 31,000 students, approximately 25,000 full and part-time employees, and a budget of nearly $5.6 billion.

Her areas of interest include finance, auxiliary and business services at colleges and universities, academic medical centers, public-private university partnerships, data analytics, master planning, and student success strategies that support quality of life for student recruitment, retention and graduation.

A Kentucky native, she earned both her bachelor’s degree and M.B.A. from the University of Kentucky.

Photo of Sarah Simpson

Sarah Simpson

Debt and Liquidity Senior Director

Contact Sarah

Sarah Simpson is the Debt and Liquidity Senior Director for the University of Kentucky and reports to the University’s Treasurer. Her responsibilities include overseeing both the University’s internal and external debt portfolios as well as the operating fund investment portfolio.

Sarah joined the University of Kentucky in 2015 as an analyst in University Financial Services department. She transitioned to the Debt and Liquidity Director position in 2018 and to her current position as Debt and Liquidity Senior Director in 2022. Prior to joining the University, she was a public finance analyst with Hilliard Lyons, where she served as the analyst for the University of Kentucky’s relationship.

A Kentucky native, she earned her bachelor’s degree in mathematics from Centre College and her MBA from the University of Louisville.

Matt Massarone

Debt and Liquidity Analyst