KENTUCKY STATE UNIVERSITY

Notes to the Financial Statements, continued

4. Capital Assets, Net

Capital assets as of June 30, 2016, are summarized as follows:

Beginning BalanceAdditionsReductionsEnding Balance
Cost
Land and improvements$ 6,275,031$ -$ -$ 6,275,031
Buildings154,741,818--154,741,818
Equipment21,712,1841,108,689-22,820,873
Computer software1,481,49348,254-1,529,747
Library holdings10,372,986115,380-10,488,366
Transportation equipment3,853,34496,259-3,949,603
Construction in progress1,143,7791,322,858505,2661,961,371
199,580,6352,691,440505,266201,766,809
Accumulated depreciation
Buildings94,544,0892,493,002-97,037,091
Equipment14,669,7421,319,133-15,988,875
Library holdings9,985,722203,398-10,189,120
Transportation equipment3,288,565135,010-3,423,575
122,488,1184,150,543-126,638,661
Capital assets, net$ 77,092,517$ (1,459,103)$ 505,266$ 75,128,148
Capital assets as of June 30, 2015, are summarized as follows:
Beginning BalanceAdditionsReductionsEnding Balance
Cost
Land and improvements$ 6,275,031$ -$ -$ 6,275,031
Buildings154,740,0291,789-154,741,818
Equipment26,013,295676,8044,977,91521,712,184
Computer software1,476,9934,500-1,481,493
Library holdings10,372,986--10,372,986
Transportation equipment4,847,97435,0971,029,7273,853,344
Construction in progress970,250173,529-1,143,779
204,696,558891,7196,007,642199,580,635
Accumulated depreciation
Buildings92,048,2212,495,868-94,544,089
Equipment18,050,9471,596,7104,977,91514,669,742
Library holdings9,748,260237,462-9,985,722
Transportation equipment4,188,110130,1821,029,7273,288,565
124,035,5384,460,2226,007,642122,488,118
Capital assets, net$ 80,661,020$ (3,568,503)$ -$ 77,092,517