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            "text": "KENTUCKY STATE UNIVERSITY\nMANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED)\nJUNE 30, 2024\n(UNAUDITED)",
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            "text": "Long-Term Debt",
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            "text": "Bonds and leases payable are summarized below:"
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                    "text": "2024",
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                    "text": "2023",
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                    "text": "Certificates of Participation\nCertificates of Participation - Premium\nFinance Purchase\nGeneral Receipts Bonds\nBond Discount\nHB 250 Stabilization Funding\nSubscription Liability\nLease Liability\nTotal",
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                    "text": "$ 49,190,000\n7,005,647\n13,782,080\n935,000\n(18,409)\n23,000,000\n2,136,133\n86,582\n$ 96,117,033",
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                    "text": "$ 49,190,000\n7,739,086\n14,742,118\n1,225,000\n(18,409)\n23,000,000\n2,660,834\n503,261\n$ 99,041,890",
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            "text": "Economic Factors Impacting Future Periods",
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            "text": "University leadership remains firmly committed to the mission of Kentucky State University and to advancing higher education through innovation, leadership development, and service to the Commonwealth. Executive management continues to collaborate with the Council on Postsecondary Education (CPE) to address the state's evolving needs, positioning the University to become a strong, financially stable, and efficiently managed institution of higher learning. Economic factors impacting future periods include:"
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                    "text": "Tuition and cost of attendance – The University continually evaluates the cost of attendance in relation to funding allocated by the General Assembly. Funding levels and methodologies for institutions of higher education in the Commonwealth are established and approved by the Council on Postsecondary Education (CPE).",
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                    "text": "Enrollment growth and student retention – The University recruits a diverse population of traditional, nontraditional, and transfer students pursuing both undergraduate and graduate degrees. Stabilizing enrollment through innovative recruitment strategies remains a key priority for university leadership.",
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                    "text": "Program expansion - The University has strategically expanded its academic programs to more effectively address the evolving needs of its students and the Commonwealth of Kentucky. In 2023, the University began the process of adding three bachelor of science programs: Cybersecurity, Manufacturing Engineering Technology, and Biological and Agricultural Engineering. Phase two of the strategic program offerings of the University is to be completed in Fall 2024/Spring 2025 and includes new graduate programs: Master of Science in Biological and Agricultural Engineering, Master of Social Work, and Master of Arts in Criminal Justice."
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            "text": "The University has fully implemented phase two of the strategic new program offerings. Beginning in the fall of 2025, Kentucky State University accepted enrollment in the Master of Social Work (MSW) and Master of Arts in Criminal Justice through the online campus. In addition to the graduate programs, KSU added a bachelor degree in Social Work, Criminal Justice, and Cybersecurity. The Master of Social Work program has a fall 2025 enrollment of 24, with the Bachelor of Social Work enrollment at 11 for fall 2025. The Bachelor of Science in Cybersecurity fall 2025 enrollment is 13."
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