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            "text": "Figure 3: Total FY 2020 Expenses per Audited Financial Information",
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                    "text": "Expense Categories\nOperating Expenses\nEducational and General",
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                    "text": "FY 2020",
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                    "text": "Instruction\nResearch\nPublic Service\nAcademic Support\nStudent Services\nInstitutional Support\nOperation and Maintenance of Plant\nStudent Aid\nDepreciation\nAuxiliary Enterprises",
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                    "text": "$ 9,022,473\n6,929,355\n8,875,115\n278,360\n8,646,414\n14,500,923\n4,997,765\n6,420,729\n3,386,591",
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                    "text": "Residence Halls\nDining\nOther Auxiliaries\nBook Store\nDepreciation\nTotal Operating Expenses:",
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                    "text": "1,212,849\n1,944,308\n1,003,413\n1,007,162\n299,069\n$ 68,524,526",
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            "text": "Explanation of Audit Status",
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            "text": "KSU’s last completed financial statement audit was for FY 2020. In FY 2022, KSU engaged the services of a third-party accounting consulting firm to temporarily staff its accounting office and help management compile its FY 2021 and FY 2022 financial statements for audit. On October 12, 2022, a CPA firm was selected by the Board to perform the FY 2021 audit."
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            "text": "Kentucky State University Foundation",
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            "bbox": {
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            "text": "Established in 1968, the Kentucky State University Foundation, Inc. (Foundation) is an independent 501(c)(3) not-for-profit organization. The Foundation, as described in its Memorandum of Understanding (MOU) with KSU, is a fundraising corporation “created to raise, manage, distribute, and steward private resources to support the various missions of KSU.” According to its 2016-2017 Annual Report, the Foundation’s mission is stated as follows:"
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            "text": "The purpose of the Kentucky State University Foundation shall be to receive contributions, gifts, grants, devises, or bequests, or real or personal property or both from individuals, foundations, partnerships, associations, governmental bodies, and public or private corporations, and to maintain, use, and apply such property and inform therefrom for the benefit of Kentucky State University or for any student,"
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            "text": "Source: APA, based on KSU's FY 2020 audited financial statement.",
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