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            "text": "Major sources of cash received from operating activities are student tuition and fees of $13.1 million and grants and contracts of $18.8 million. Major uses of cash for operating activities were payments to employees for salaries and benefits of $35.4 million and to vendors and contractors of $19.3 million."
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            "text": "Noncapital financing activities included state appropriations from the Commonwealth of Kentucky of $23.4 million."
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            "text": "Capital and related financing activities include purchases and payments of $1.9 million expended for construction and acquisition of capital assets and for principal and interest payments on the retirement of the University's bonds and other capital related debt."
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            "text": "State appropriations represent approximately 36.8% of all operating and non-operating revenues. The level of state support is a key factor influencing the University's overall financial condition. State appropriation is unrestricted to revenue and is included as non-operating revenue. State appropriation is used to support payroll and benefits for University employees."
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