{ "document_id": 16531, "page": 80, "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": 12, "counts_by_type": { "footer": 1, "heading": 2, "table": 1, "table_cell": 2, "text": 5, "title": 1 }, "build_ms": 3, "items": [ { "id": "p80.1", "order": 1, "type": "title", "bbox": { "l": 215.28, "t": 760.8, "r": 395.76, "b": 702.24 }, "text": "KENTUCKY STATE UNIVERSITY\nNOTES TO FINANCIAL STATEMENTS\nJUNE 30, 2022", "attrs": { "block_label": "doc_title" }, "level": 2 }, { "id": "p80.2", "order": 2, "type": "heading", "bbox": { "l": 69.6, "t": 687.6, "r": 319.44, "b": 675.36 }, "text": "NOTE 13 - COMMITMENTS AND CONTINGENCIES", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p80.3", "order": 3, "type": "text", "bbox": { "l": 68.4, "t": 659.28, "r": 541.92, "b": 575.76 }, "text": "The University is a party to various lawsuits and other claims in the ordinary course of business. Matters existed as of June 30, 2022, for which judgments and settlements have been reached after June 30, 2022. The amount accrued as of June 30, 2022, for these matters is $200,000. University officials are of the opinion, based upon the advice of legal counsel, that the ultimate resolution of additional matters existing as of June 30, 2022, but not accrued as of that date, will not have a material effect on the financial statements of the University." }, { "id": "p80.4", "order": 4, "type": "text", "bbox": { "l": 68.64, "t": 561.6, "r": 541.92, "b": 491.76 }, "text": "In addition to the matters existing on June 30, 2022, discussed above, the University has participated in the mediation of various employment disputes arising after June 30, 2022. To date, these mediation have resulted in the University agreeing to settlements of these disputes in various amounts totaling approximately $265,000. The terms of these settlements will release the University from further claims regarding these matters." }, { "id": "p80.5", "order": 5, "type": "text", "bbox": { "l": 68.64, "t": 478.08, "r": 542.4, "b": 409.44 }, "text": "The University receives financial assistance from federal and state agencies in the form of grants and awards. The expenditure of funds received from these programs generally requires compliance with terms and conditions specified in the grant agreements and are subject to audit by the grantor agencies. Any disallowed claims resulting from such audit could become a liability of the applicable fund." }, { "id": "p80.6", "order": 6, "type": "heading", "bbox": { "l": 69.6, "t": 394.32, "r": 228.24, "b": 382.32 }, "text": "NOTE 14 - RISK MANAGEMENT", "attrs": { "block_label": "paragraph_title" }, "level": 3 }, { "id": "p80.7", "order": 7, "type": "text", "bbox": { "l": 68.4, "t": 366, "r": 541.92, "b": 282.72 }, "text": "The University is exposed to various risks of loss from torts; theft of, damage to, destruction of assets; business interruption; employee injuries and illnesses; natural disasters; and employee health and accident benefits. Commercial insurance coverage is purchased for claims arising from these risks. Settled claims have not exceeded this commercial coverage in any of the three preceding years. As a sovereign entity of the Commonwealth of Kentucky, the Kentucky Board of Claims oversees tort claims on behalf of the University." }, { "id": "p80.8", "order": 8, "type": "text", "bbox": { "l": 68.64, "t": 268.56, "r": 541.92, "b": 156.48 }, "text": "During fiscal year 2020, the University started a self-insurance program for employee's health insurance. Under this plan, the University pays premiums based on estimated claims. The University pays approximately 62% of the expenses of the plan for permanent full-time employees and their families. Expenses incurred to cover claims paid by the University under the plan for year ended June 30, 2022 totaled $3,101,989. Administrative fees incurred for the year ended June 30, 2022 was $150,605. Stop loss premium paid for the year ended June 30, 2022, was $339,225. The liability for self-insurance is included in accrued liabilities in the accompanying statement of net position. Changes in the liability for self-insurance for June 30, 2022 are as follows:" }, { "id": "p80.9", "order": 9, "type": "table", "bbox": { "l": 97.44, "t": 148.32, "r": 538.08, "b": 64.08 }, "text": "", "attrs": { "block_label": "table", "n_rows": 1, "n_cols": 2, "integrity": { "cells_checked": 2, "cells_flagged": 0 } }, "children": [ { "id": "p80.9.1", "order": 10, "type": "table_cell", "bbox": { "l": 134.642548, "t": 144.38883599999997, "r": 391.231827, "b": 86.30749300000002 }, "text": "Liability – beginning of year\nAccruals for current year claims and changes in estimate\nClaims paid\nLiability – end of year", "attrs": { "row": 0, "col": 0, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } }, { "id": "p80.9.2", "order": 11, "type": "table_cell", "bbox": { "l": 424.804206, "t": 144.38883599999997, "r": 477.409103, "b": 86.30749300000002 }, "text": "$ 216,835\n3,101,989\n(2,913,310)\n$ 405,514", "attrs": { "row": 0, "col": 1, "rowspan": 1, "colspan": 1, "bbox_refit": true, "merged_continuation": true } } ] }, { "id": "p80.10", "order": 12, "type": "footer", "bbox": { "l": 298.08, "t": 48, "r": 312.48, "b": 36.96 }, "text": "77.", "attrs": { "block_label": "number" } } ], "excluded_furniture": { "first": [], "last": [] } }