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            "text": "CONTENTS",
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            "text": "Report of Independent Auditors ..... 1 - 2\nManagement's Discussion and Analysis ..... 3 - 19\nFinancial Statements:\nKentucky State University\nStatements of Net Position ..... 20\nKentucky State University Foundation, Inc.\nStatements of Financial Position ..... 21\nKentucky State University\nStatements of Revenues, Expenses and Changes in Net Position ..... 22 - 23\nKentucky State University Foundation, Inc.\nStatements of Activities ..... 24 - 25\nKentucky State University\nStatements of Cash Flows ..... 26 - 27\nKentucky State University\nNotes to the Financial Statements ..... 28 - 46\nKentucky State University Foundation, Inc.\nNotes to the Financial Statements ..... 46 - 53\nReport on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards ..... 54 - 55\nSchedule of Findings and Responses ..... 56 - 58",
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