KENTUCKY STATE UNIVERSITY
Statements of Revenues, Expenses and Changes in Net Position
Years ended June 30, 2016 and 2015
| 2016 | 2015 |
|---|
| REVENUES | | |
|---|
| Operating revenues | | |
|---|
| Student tuition and fees (net of scholarship allowances of $5,187,952 and $5,431,851) | $9,316,745 | $11,517,008 |
|---|
| Federal grants and contracts | 7,254,074 | 7,955,755 |
|---|
| Federal appropriations | 8,006,332 | 6,665,512 |
|---|
| State and local grants and contracts | 2,554,046 | 2,146,240 |
|---|
| Auxiliary enterprises: | | |
|---|
| Residence halls | 1,949,920 | 2,478,446 |
|---|
| Dining | 1,719,895 | 2,229,515 |
|---|
| Bookstore | - | 85,922 |
|---|
| Other auxiliaries | 33,027 | 32,154 |
|---|
| Other operating revenues | 846,985 | 1,741,780 |
|---|
| Total operating revenues | 31,681,024 | 34,852,332 |
|---|
| EXPENSES | | |
|---|
| Operating expenses | | |
|---|
| Educational and general | | |
|---|
| Instruction | 9,460,901 | 12,125,446 |
|---|
| Research | 6,461,012 | 6,017,057 |
|---|
| Public service | 7,514,740 | 7,638,360 |
|---|
| Academic support | 2,859,099 | 3,020,699 |
|---|
| Student services | 5,317,646 | 6,315,386 |
|---|
| Institutional support | 10,749,748 | 11,458,791 |
|---|
| Operation and maintenance of plant | 4,627,724 | 5,229,721 |
|---|
| Student aid | 5,987,246 | 7,612,000 |
|---|
| Depreciation | 3,847,551 | 4,136,061 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls | 1,844,913 | 2,043,210 |
|---|
| Dining | 1,669,271 | 1,929,366 |
|---|
| Other auxiliaries | 682,034 | 685,719 |
|---|
| Depreciation | 302,992 | 324,161 |
|---|
| Total operating expenses | 61,324,877 | 68,535,977 |
|---|
| Operating loss | (29,643,853) | (33,683,645) |
|---|