{
    "document_id": 16531,
    "page": 45,
    "width_pt": 612,
    "height_pt": 792,
    "rotation": 0,
    "pipeline_version": "paddleocr-vl-1.6+paul-48",
    "engine": "paddleocr_vl",
    "source_run_id": 16642,
    "item_count": 14,
    "counts_by_type": {
        "footer": 1,
        "header": 1,
        "heading": 3,
        "table": 1,
        "table_cell": 4,
        "text": 4
    },
    "build_ms": 4,
    "items": [
        {
            "id": "p45.1",
            "order": 1,
            "type": "header",
            "bbox": {
                "l": 215.28,
                "t": 755.52,
                "r": 396,
                "b": 696
            },
            "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2022",
            "attrs": {
                "block_label": "header"
            },
            "level": 2
        },
        {
            "id": "p45.2",
            "order": 2,
            "type": "heading",
            "bbox": {
                "l": 69.6,
                "t": 680.88,
                "r": 313.68,
                "b": 667.68
            },
            "text": "NOTE 8 – LONG-TERM LIABILITIES (CONTINUED)",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p45.3",
            "order": 3,
            "type": "heading",
            "bbox": {
                "l": 69.12,
                "t": 652.8,
                "r": 209.52,
                "b": 639.36
            },
            "text": "HB 250 Stabilization Funding:",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p45.4",
            "order": 4,
            "type": "text",
            "bbox": {
                "l": 68.64,
                "t": 624.72,
                "r": 541.92,
                "b": 456.48
            },
            "text": "House Bill 250 appropriated $23,000,000 in the year ended June 30, 2022, to the Council to address financial instability at the University due to cash shortfalls and a projected financial structural imbalance in connection with the management improvement plan as discussed in Note 17. A portion of the proceeds of this funding was used to retire the $5,000,000 revenue anticipation note outstanding as of June 30, 2021, as described in Note 7 as well as the University's liability to the state investment pool. The Council provided the stabilization funds to the University contingent on compliance with the management improvement plan. By November 1, 2025, the Council shall make recommendations to the Interim Joint Committee on Appropriations and Revenue for consideration by the General Assembly during the 2026 Regular Session for the terms and schedule for repayment of the funding beginning in fiscal year 2026-2027 based on ongoing monitoring of Kentucky State University's financial status. The repayment of the funding beginning in fiscal year 2027 will be determined at that time."
        },
        {
            "id": "p45.5",
            "order": 5,
            "type": "heading",
            "bbox": {
                "l": 69.6,
                "t": 443.04,
                "r": 181.2,
                "b": 429.84
            },
            "text": "General Receipt Bonds:",
            "attrs": {
                "block_label": "paragraph_title"
            },
            "level": 3
        },
        {
            "id": "p45.6",
            "order": 6,
            "type": "text",
            "bbox": {
                "l": 68.64,
                "t": 415.2,
                "r": 541.44,
                "b": 372.96
            },
            "text": "The outstanding General Receipts Bonds Series A Bonds have interest rates from 3.625% - 3.875%. The bonds mature through 2027. The reserve requirements for these issues have been fully funded as of June 30, 2022."
        },
        {
            "id": "p45.7",
            "order": 7,
            "type": "text",
            "bbox": {
                "l": 68.88,
                "t": 359.28,
                "r": 541.44,
                "b": 332.16
            },
            "text": "All bonds are collateralized by University property and the pledge of certain revenues, tuition, and fees."
        },
        {
            "id": "p45.8",
            "order": 8,
            "type": "text",
            "bbox": {
                "l": 68.64,
                "t": 317.52,
                "r": 518.4,
                "b": 289.2
            },
            "text": "The principal and interest repayment requirements relating to the outstanding bonds payable at June 30, 2022 are as follows:"
        },
        {
            "id": "p45.9",
            "order": 9,
            "type": "table",
            "bbox": {
                "l": 104.64,
                "t": 276.80360900000005,
                "r": 506.4,
                "b": 155.28
            },
            "text": "",
            "attrs": {
                "block_label": "table",
                "n_rows": 1,
                "n_cols": 4,
                "integrity": {
                    "cells_checked": 4,
                    "cells_flagged": 0
                }
            },
            "children": [
                {
                    "id": "p45.9.1",
                    "order": 10,
                    "type": "table_cell",
                    "bbox": {
                        "l": 158.8784,
                        "t": 276.80360900000005,
                        "r": 210.605303,
                        "b": 159.511802
                    },
                    "text": "Year ended\n30-June\n2023\n2024\n2025\n2026\n2027\nTotal",
                    "attrs": {
                        "row": 0,
                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
                    }
                },
                {
                    "id": "p45.9.2",
                    "order": 11,
                    "type": "table_cell",
                    "bbox": {
                        "l": 280.075488,
                        "t": 261.919454,
                        "r": 328.332713,
                        "b": 159.511802
                    },
                    "text": "Principal\n$ 280,000\n290,000\n300,000\n310,000\n325,000\n$ 1,505,000",
                    "attrs": {
                        "row": 0,
                        "col": 1,
                        "rowspan": 2,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
                    }
                },
                {
                    "id": "p45.9.3",
                    "order": 12,
                    "type": "table_cell",
                    "bbox": {
                        "l": 367.555264,
                        "t": 261.919454,
                        "r": 412.950454,
                        "b": 159.511802
                    },
                    "text": "Interest\n$ 58,319\n47,469\n36,231\n24,606\n12,594\n$ 179,219",
                    "attrs": {
                        "row": 0,
                        "col": 2,
                        "rowspan": 2,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
                    }
                },
                {
                    "id": "p45.9.4",
                    "order": 13,
                    "type": "table_cell",
                    "bbox": {
                        "l": 451.432928,
                        "t": 261.919454,
                        "r": 497.513658,
                        "b": 159.511802
                    },
                    "text": "Total\n$ 338,319\n337,469\n336,231\n334,606\n337,594\n$ 1,684,219",
                    "attrs": {
                        "row": 0,
                        "col": 3,
                        "rowspan": 2,
                        "colspan": 1,
                        "bbox_refit": true,
                        "merged_continuation": true
                    }
                }
            ]
        },
        {
            "id": "p45.10",
            "order": 14,
            "type": "footer",
            "bbox": {
                "l": 297.84,
                "t": 48.48,
                "r": 312.72,
                "b": 36.48
            },
            "text": "42.",
            "attrs": {
                "block_label": "number"
            }
        }
    ],
    "excluded_furniture": {
        "first": [],
        "last": []
    }
}