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    "item_count": 45,
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            "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJune 30, 2020",
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            "text": "NOTE 9 – DEFINED BENEFIT PENSION PLANS (Continued)",
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            "text": "For the year ended June 30, 2020, the University was allocated pension expense of $(11,551,057). The University also recognized revenue of $2,388,987 for support provided by the Commonwealth. At June 30, 2020, the University reported deferred outflows of resources and deferred inflows of resources related to pensions from the following sources:"
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                    "text": "Deferred Outflows of Resources",
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                },
                {
                    "id": "p55.4.3",
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                    "text": "Deferred Inflows of Resources",
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                    "text": "2020",
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                    },
                    "text": "Net difference between projected and actual earnings on investments",
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                },
                {
                    "id": "p55.4.8",
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                    "text": "$-",
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                },
                {
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                    "text": "$185,884",
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                },
                {
                    "id": "p55.4.10",
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                    "text": "Change in assumptions",
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                },
                {
                    "id": "p55.4.11",
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                        "l": 233.52,
                        "t": 548.58,
                        "r": 373.2,
                        "b": 530.88
                    },
                    "text": "1,877,989",
                    "attrs": {
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                        "rowspan": 1,
                        "colspan": 1
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                },
                {
                    "id": "p55.4.12",
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                    "bbox": {
                        "l": 373.2,
                        "t": 548.58,
                        "r": 512.88,
                        "b": 530.88
                    },
                    "text": "11,799,404",
                    "attrs": {
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                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.4.13",
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                    },
                    "text": "Differences between expected an actual experience",
                    "attrs": {
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                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.4.14",
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                        "l": 233.52,
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                        "r": 373.2,
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                    "text": "66,061",
                    "attrs": {
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                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.4.15",
                    "order": 19,
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                    "bbox": {
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                        "r": 512.88,
                        "b": 513.18
                    },
                    "text": "1,413,681",
                    "attrs": {
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                },
                {
                    "id": "p55.4.16",
                    "order": 20,
                    "type": "table_cell",
                    "bbox": {
                        "l": 93.84,
                        "t": 513.18,
                        "r": 233.52,
                        "b": 495.48
                    },
                    "text": "Changes in proportion and differences between employer contributions and proportionate share of contributions",
                    "attrs": {
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.4.17",
                    "order": 21,
                    "type": "table_cell",
                    "bbox": {
                        "l": 233.52,
                        "t": 513.18,
                        "r": 373.2,
                        "b": 495.48
                    },
                    "text": "2,686,182",
                    "attrs": {
                        "row": 5,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.4.18",
                    "order": 22,
                    "type": "table_cell",
                    "bbox": {
                        "l": 373.2,
                        "t": 513.18,
                        "r": 512.88,
                        "b": 495.48
                    },
                    "text": "9,987,269",
                    "attrs": {
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                    }
                },
                {
                    "id": "p55.4.19",
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                    "bbox": {
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                    "text": "Contributions subsequent to the measurement date",
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                },
                {
                    "id": "p55.4.20",
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                    "bbox": {
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                    "text": "1,940,601",
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                    }
                },
                {
                    "id": "p55.4.21",
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                    "text": "-",
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                },
                {
                    "id": "p55.4.22",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 93.84,
                        "t": 477.78,
                        "r": 233.52,
                        "b": 460.08
                    },
                    "text": "",
                    "attrs": {
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                },
                {
                    "id": "p55.4.23",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 233.52,
                        "t": 477.78,
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                    },
                    "text": "$6,570,833",
                    "attrs": {
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                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.4.24",
                    "order": 28,
                    "type": "table_cell",
                    "bbox": {
                        "l": 373.2,
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                    },
                    "text": "$23,386,238",
                    "attrs": {
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            ]
        },
        {
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            },
            "text": "At June 30, 2020, the University reported $1,940,601 as deferred outflows of resources related to pensions resulting from University contributions subsequent to the measurement date that will be recognized as a reduction of the net pension liability in the following fiscal year. Net deferred outflow (inflows) of resources at June 30, 2020, related to pensions will be recognized in pension expense as follows:"
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            "text": "",
            "attrs": {
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                "n_cols": 2,
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            "children": [
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                    "bbox": {
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                    "text": "2021",
                    "attrs": {
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                    "id": "p55.6.2",
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                    "bbox": {
                        "l": 308.64,
                        "t": 399.36,
                        "r": 433.92,
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                    "text": "$(10,264,089)",
                    "attrs": {
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                        "column_header": true,
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                    "text": "2022",
                    "attrs": {
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                },
                {
                    "id": "p55.6.4",
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                    "bbox": {
                        "l": 308.64,
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                    "text": "(6,521,051)",
                    "attrs": {
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                        "col": 1,
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                        "colspan": 1
                    }
                },
                {
                    "id": "p55.6.5",
                    "order": 35,
                    "type": "table_cell",
                    "bbox": {
                        "l": 183.36,
                        "t": 372.48,
                        "r": 308.64,
                        "b": 359.04
                    },
                    "text": "2023",
                    "attrs": {
                        "row": 2,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.6.6",
                    "order": 36,
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                    "bbox": {
                        "l": 308.64,
                        "t": 372.48,
                        "r": 433.92,
                        "b": 359.04
                    },
                    "text": "(1,958,510)",
                    "attrs": {
                        "row": 2,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.6.7",
                    "order": 37,
                    "type": "table_cell",
                    "bbox": {
                        "l": 183.36,
                        "t": 359.04,
                        "r": 308.64,
                        "b": 345.6
                    },
                    "text": "2024",
                    "attrs": {
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.6.8",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 308.64,
                        "t": 359.04,
                        "r": 433.92,
                        "b": 345.6
                    },
                    "text": "(12,356)",
                    "attrs": {
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                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p55.6.9",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 183.36,
                        "t": 345.6,
                        "r": 308.64,
                        "b": 332.16
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                    "text": "",
                    "attrs": {
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                        "col": 0,
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                        "colspan": 1
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                },
                {
                    "id": "p55.6.10",
                    "order": 40,
                    "type": "table_cell",
                    "bbox": {
                        "l": 308.64,
                        "t": 345.6,
                        "r": 433.92,
                        "b": 332.16
                    },
                    "text": "$(18,756,006)",
                    "attrs": {
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                }
            ]
        },
        {
            "id": "p55.7",
            "order": 41,
            "type": "text",
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            "text": "Actuarial assumptions - The total pension liability was determined by actuarial valuation as of June 30, 2018, using the following actuarial assumptions, applied to all periods included in the measurement:"
        },
        {
            "id": "p55.8",
            "order": 42,
            "type": "text",
            "bbox": {
                "l": 85.44,
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            },
            "text": "Valuation date\nJune 30, 2018\nInflation\n3.00%\nSalary Increases\n3.50 – 7.30%, average, including inflation\nInvestment Rate of Return\n7.50%, net of pension plan investment expense, including inflation\nMunicipal bond index rate\n3.50%\nSingle equivalent interest rate\n7.50%\nMortality rates were based on the RP-2000 Combined Mortality Table for Males or Females, as appropriate, with adjustments for mortality improvements based on a projection of Scale BB to 2025, set forward two years for males and one year for females.\nThe actuarial assumptions used in the June 30, 2018 valuation were based on the results of an actuarial experience study for the period July 1, 2010 - June 30, 2015 adopted by the Board on November 19, 2016."
        },
        {
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            "text": "40.",
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        },
        {
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            "type": "footer",
            "bbox": {
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                "b": 84.24
            },
            "text": "(Continued)",
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        },
        {
            "id": "p55.11",
            "order": 45,
            "type": "footer",
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            "text": "Page 55 of 178",
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    "excluded_furniture": {
        "first": [],
        "last": []
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}