KENTUCKY STATE UNIVERSITY

Statements of Net Position

June 30, 2016 and 2015

20162015
ASSETS
Current assets
Cash and cash equivalents$19,948,892$23,021,767
Accounts, grants and loans receivable, net6,067,8853,565,529
Inventory and other current assets140,607144,476
Total current assets26,157,38426,731,772
Noncurrent assets
Accounts, grants and loans receivable, net1,093,100509,872
Investments15,373,61415,583,458
Capital assets, net75,128,14877,092,517
Total noncurrent assets91,594,86293,185,847
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows - KERS2,946,9151,953,418
Deferred outflows - KTRS6,109,7482,436,799
Total deferred outflows9,056,6634,390,217
Total assets and deferred outflows126,808,909124,307,836
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities5,274,2094,345,584
Accrued compensated absences1,003,3431,310,815
Unearned revenue1,050,268874,549
Deposits169,134167,442
Other current liabilities303,807276,536
Long-term debt, current portion809,868778,914
Total current liabilities8,610,6297,753,840
Noncurrent liabilities
Net pension liability93,364,02693,542,214
Long-term debt, noncurrent portion5,053,3635,866,295
Federal grants refundable534,914534,914
Total noncurrent liabilities98,952,30399,943,423
DEFERRED INFLOWS OF RESOURCES
Deferred inflows - KERS1,581,041367,000
Deferred inflows - KTRS9,302,7284,797,405
Total deferred inflows10,883,7695,164,405
Total liabilities and deferred inflows118,446,701112,861,668
NET POSITION
Invested in capital assets, net of related debt69,264,91770,447,308
Restricted
Nonexpendable8,657,5068,657,506
Expendable3,197,2113,358,791
Unrestricted(72,757,426)(71,017,437)
Total net position$8,362,208$11,446,168