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            "type": "title",
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            "text": "KENTUCKY STATE UNIVERSITY\nMANAGEMENT'S DISCUSSION AND ANALYSIS\n(Continued)\nJune 30, 2021",
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            "type": "heading",
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            "text": "Capital Asset and Debt Administration",
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            "text": "Capital Assets"
        },
        {
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            "text": "Capital assets, net of accumulated depreciation, totaled $95.1 million at June 30, 2021, an increase of $1.7 million. Capital assets as of June 30, 2021 and significant changes in capital assets during the year are as follows:"
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                    "text": "June 30, 2021",
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                    "text": "(Reductions) FY20-21",
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                    "text": "June 30, 2020",
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                    "bbox": {
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                        "r": 228.13029,
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                    },
                    "text": "Land and land improvement\nBuildings, fixed equipment and infrastructure\nEquipment, vehicles and capitalized software\nLibrary materials and art\nConstruction in progress\nAccumulated depreciation\nTotal",
                    "attrs": {
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                        "col": 0,
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                    "bbox": {
                        "l": 289.115806,
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                        "r": 335.198673,
                        "b": 507.167674
                    },
                    "text": "$ 6,533,787\n172,788,042\n52,617,435\n10,679,911\n369,806\n(147,859,427)\n$ 95,129,554",
                    "attrs": {
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                    "bbox": {
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                    },
                    "text": "$ 258,755\n16,941,173\n20,065,189\n16,293\n(31,442,574)\n(4,168,764)\n$ 1,670,072",
                    "attrs": {
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                    "text": "$ 6,275,032\n155,846,869\n32,552,246\n10,663,618\n31,812,380\n(143,690,663)\n$ 93,459,482",
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            "type": "heading",
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            "text": "Long-Term Debt",
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            "level": 3
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            "text": "At June 30, 2021, bonds and lease payable amounted to $17.7 million, as summarized below:"
        },
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            "type": "table",
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                    "attrs": {
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                    "text": "2021",
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                {
                    "id": "p16.8.3",
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                    "text": "2020",
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                },
                {
                    "id": "p16.8.4",
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                    "text": "Lease obligations\nGeneral receipts bonds\nBond discount\nTotal",
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                        "col": 0,
                        "rowspan": 1,
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                        "bbox_refit": true,
                        "merged_continuation": true
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                },
                {
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                    "order": 21,
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                    "bbox": {
                        "l": 340.32139,
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                        "r": 388.146316,
                        "b": 366.317739
                    },
                    "text": "$ 15,926,461\n1,775,000\n(22,893)\n$ 17,678,568",
                    "attrs": {
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                        "colspan": 1,
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                        "b": 366.317739
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                    "text": "$ 14,133,959\n2,035,000\n(27,377)\n$ 16,141,582",
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            "text": "The University also has a revenue anticipation note outstanding at June 30, 2021 totaling $5,000,000 and repayment of this note is due on June 30, 2022. This note was retired prior to the due date in May of 2022."
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            "text": "Kentucky State University Foundation",
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            "text": "Kentucky State University Foundation, Inc. (the Foundation) is a Kentucky not-for-profit corporation formed to receive, invest, and expend funds to promote and implement educational and developmental activities at the University. The Foundation is managed by a Board of Trustees independent from that of the University. The Foundation is supported primarily through contributions from alumni."
        },
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            "type": "text",
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            "text": "Key financial highlights of the Foundation are:"
        },
        {
            "id": "p16.13",
            "order": 27,
            "type": "list",
            "bbox": {
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                    "text": "The assets of the Foundation exceed its liabilities by $14.6 million and $10.9 million at June 30, 2021 and 2020, respectively.",
                    "marker": "-"
                },
                {
                    "id": "p16.13.2",
                    "order": 29,
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                    "text": "Net assets increased by $3.8 million and decreased by $0.59 million for the fiscal years ended June 30, 2021, and 2020, respectively.",
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                },
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                    "text": "The Foundation raised $5.4 million in total revenue for the fiscal year ended June 30, 2021, compared to $0.83 million for the fiscal year ended June 30, 2020.",
                    "marker": "-"
                },
                {
                    "id": "p16.13.4",
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                    "text": "Total support provided by the Foundation to the University was $0.55 million and $0.43 million for the fiscal years ended June 30, 2021, and 2020, respectively.",
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            "text": "13.",
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