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            "text": "Management's Discussion and Analysis, continued",
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            "text": "Capital Asset and Debt Administration",
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            "text": "Capital assets, net of accumulated depreciation, totaled $80.7 million at June 30, 2013, a decrease of $2.5 million. Capital assets as of June 30, 2014 and significant changes in capital assets during the year are as follows (in millions):"
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                    },
                    "text": "$83.2",
                    "attrs": {
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                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.7.47",
                    "order": 54,
                    "type": "table_cell",
                    "bbox": {
                        "l": 391.2829,
                        "t": 377.733,
                        "r": 465.5882,
                        "b": 356.1063
                    },
                    "text": "$(1.3)",
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                        "col": 4,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.7.48",
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                    "bbox": {
                        "l": 465.5882,
                        "t": 377.733,
                        "r": 539.8936,
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                    "text": "$84.5",
                    "attrs": {
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                        "rowspan": 1,
                        "colspan": 1
                    }
                }
            ]
        },
        {
            "id": "p20.8",
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            "type": "text",
            "bbox": {
                "l": 61.4279,
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                "b": 330.4301
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            "text": "At June 30, 2014, the University has capital construction projects in progress totaling $970,250 in scope."
        },
        {
            "id": "p20.9",
            "order": 57,
            "type": "heading",
            "bbox": {
                "l": 61.4279,
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                "r": 136.2931,
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            },
            "text": "Long Term Debt",
            "attrs": {
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            "level": 3
        },
        {
            "id": "p20.10",
            "order": 58,
            "type": "text",
            "bbox": {
                "l": 61.1879,
                "t": 287.7166,
                "r": 447.9917,
                "b": 274.5186
            },
            "text": "At June 30, 2014, bonds and lease payable amounted to $7.3 million, as summarized below:"
        },
        {
            "id": "p20.11",
            "order": 59,
            "type": "table",
            "bbox": {
                "l": 95.5012,
                "t": 249.3224,
                "r": 527.656,
                "b": 138.2191
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            "text": "",
            "attrs": {
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                "n_cols": 4
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                    "id": "p20.11.1",
                    "order": 60,
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                        "l": 95.5012,
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                        "r": 203.5399,
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                    "text": "",
                    "attrs": {
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                },
                {
                    "id": "p20.11.2",
                    "order": 61,
                    "type": "table_cell",
                    "bbox": {
                        "l": 203.5399,
                        "t": 249.3224,
                        "r": 311.5786,
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                    "text": "2014",
                    "attrs": {
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                        "colspan": 1,
                        "column_header": true,
                        "header_source": "heuristic"
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                },
                {
                    "id": "p20.11.3",
                    "order": 62,
                    "type": "table_cell",
                    "bbox": {
                        "l": 311.5786,
                        "t": 249.3224,
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                    "text": "2013",
                    "attrs": {
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                        "colspan": 1,
                        "column_header": true,
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                },
                {
                    "id": "p20.11.4",
                    "order": 63,
                    "type": "table_cell",
                    "bbox": {
                        "l": 419.6173,
                        "t": 249.3224,
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                    "text": "2012",
                    "attrs": {
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                        "column_header": true,
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                },
                {
                    "id": "p20.11.5",
                    "order": 64,
                    "type": "table_cell",
                    "bbox": {
                        "l": 95.5012,
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                    "text": "Lease Obligations",
                    "attrs": {
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                        "rowspan": 1,
                        "colspan": 1
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                },
                {
                    "id": "p20.11.6",
                    "order": 65,
                    "type": "table_cell",
                    "bbox": {
                        "l": 203.5399,
                        "t": 230.8052,
                        "r": 311.5786,
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                    },
                    "text": "$ 3,796,904",
                    "attrs": {
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                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.7",
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                    "type": "table_cell",
                    "bbox": {
                        "l": 311.5786,
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                    },
                    "text": "$ 4,139,613",
                    "attrs": {
                        "row": 1,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.8",
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                    "bbox": {
                        "l": 419.6173,
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                    },
                    "text": "$ 4,565,078",
                    "attrs": {
                        "row": 1,
                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.9",
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                    "text": "Note payable to City of Frankfort",
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                },
                {
                    "id": "p20.11.10",
                    "order": 69,
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                    "bbox": {
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                    "text": "250,000",
                    "attrs": {
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                        "colspan": 1
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                },
                {
                    "id": "p20.11.11",
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                    "text": "300,000",
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                        "rowspan": 1,
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                    }
                },
                {
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                    "text": "-",
                    "attrs": {
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                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.13",
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                    "text": "General Receipts Bonds",
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                },
                {
                    "id": "p20.11.14",
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                    "bbox": {
                        "l": 203.5399,
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                    },
                    "text": "3,405,000",
                    "attrs": {
                        "row": 3,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.15",
                    "order": 74,
                    "type": "table_cell",
                    "bbox": {
                        "l": 311.5786,
                        "t": 193.7707,
                        "r": 419.6173,
                        "b": 175.2535
                    },
                    "text": "3,790,000",
                    "attrs": {
                        "row": 3,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.16",
                    "order": 75,
                    "type": "table_cell",
                    "bbox": {
                        "l": 419.6173,
                        "t": 193.7707,
                        "r": 527.656,
                        "b": 175.2535
                    },
                    "text": "4,165,000",
                    "attrs": {
                        "row": 3,
                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.17",
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                        "t": 175.2535,
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                    },
                    "text": "Bond discount and issue costs",
                    "attrs": {
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                        "colspan": 1
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                },
                {
                    "id": "p20.11.18",
                    "order": 77,
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                    "bbox": {
                        "l": 203.5399,
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                        "r": 311.5786,
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                    },
                    "text": "(49,798)",
                    "attrs": {
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                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
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                },
                {
                    "id": "p20.11.19",
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                    "bbox": {
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                    "text": "(53,629)",
                    "attrs": {
                        "row": 4,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.20",
                    "order": 79,
                    "type": "table_cell",
                    "bbox": {
                        "l": 419.6173,
                        "t": 175.2535,
                        "r": 527.656,
                        "b": 156.7363
                    },
                    "text": "(57,460)",
                    "attrs": {
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                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.21",
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                    "bbox": {
                        "l": 95.5012,
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                        "r": 203.5399,
                        "b": 138.2191
                    },
                    "text": "Total",
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                        "col": 0,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.22",
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                    "bbox": {
                        "l": 203.5399,
                        "t": 156.7363,
                        "r": 311.5786,
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                    },
                    "text": "$ 7,402,106",
                    "attrs": {
                        "row": 5,
                        "col": 1,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.23",
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                    "bbox": {
                        "l": 311.5786,
                        "t": 156.7363,
                        "r": 419.6173,
                        "b": 138.2191
                    },
                    "text": "$ 8,175,984",
                    "attrs": {
                        "row": 5,
                        "col": 2,
                        "rowspan": 1,
                        "colspan": 1
                    }
                },
                {
                    "id": "p20.11.24",
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                    "bbox": {
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                    },
                    "text": "$ 8,672,618",
                    "attrs": {
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                        "col": 3,
                        "rowspan": 1,
                        "colspan": 1
                    }
                }
            ]
        },
        {
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                "l": 297.0614,
                "t": 63.3504,
                "r": 309.299,
                "b": 52.792
            },
            "text": "18",
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    ],
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}