KENTUCKY STATE UNIVERSITY
Statements of Net Position
12345
6/30/2015 (audited)6/30/2016 (estimated)6/30/2017 (forecasted)6/30/2018 (forecasted)6/30/2019 (forecasted)6/30/2020 (forecasted)6/30/2021 (forecasted)
Assets
Current assets
Cash and cash equivalents$ 23,021,767$ 19,948,892$ 18,904,019$ 15,513,873$ 15,298,665$ 17,710,820$ 20,666,974
Accounts, grant and loans receivable, net3,565,5296,067,8856,310,6006,563,0246,825,5457,098,5677,382,510
Inventory and other current assets144,476140,607140,607140,607140,607140,607140,607
Total current assets26,731,77226,157,38425,355,22622,217,50422,264,81724,949,99428,190,091
Noncurrent assets
Accounts, grant and loans receivable, net509,8721,093,1001,093,1001,093,1001,093,1001,093,1001,093,100
Investments, at fair value15,583,45815,373,61415,834,82216,309,86716,799,16317,303,13817,822,232
Capital assets, net77,092,51775,128,14872,468,51572,799,52071,120,88267,432,31163,733,509
Total noncurrent assets93,185,84791,594,86289,396,43790,202,48789,013,14585,828,54982,648,841
Deferred Outflows of Resources
Deferred outflows - KERS1,953,4182,946,9152,946,9152,946,9152,946,9152,946,9152,946,915
Deferred outflows - KTRS2,436,7996,109,7486,109,7486,109,7486,109,7486,109,7486,109,748
Total deferred outflows4,390,2179,056,6639,056,6639,056,6639,056,6639,056,6639,056,663
Total assets and deferred outflows124,307,836126,808,909123,808,326121,476,654120,334,625119,835,206119,895,595
Liabilities
Current liabilities:
Accounts payable and accrued liabilities4,345,5845,274,2085,485,1765,556,4835,712,0655,862,2925,897,466
Accrued compensated absences1,310,8151,003,3431,003,3431,003,3431,003,3431,003,3431,003,343
Unearned revenue874,5491,050,2681,050,2681,050,2681,050,2681,050,2681,050,268
Deposits167,442169,134169,134169,134169,134169,134169,134
Other current liabilities276,536303,807303,807303,807303,807303,807303,807
Long-term debt, current portion778,914809,868925,527896,792906,792866,792876,792
Total current liabilities7,753,8408,610,6288,937,2558,979,8279,145,4099,255,6369,300,810
Noncurrent liabilities
Net pension liability93,542,21493,364,02693,364,02693,364,02693,364,02693,364,02693,364,026
Long-term debt, noncurrent portion5,866,2955,053,3634,243,4953,317,9682,421,1761,514,384647,592
Federal grants refundable534,914534,914534,914534,914534,914534,914534,914
Total noncurrent liabilities99,943,42398,952,30398,142,43597,216,90896,320,11695,413,32494,546,532
Deferred Inflows of Resources
Deferred inflows - KERS367,0001,581,0411,581,0411,581,0411,581,0411,581,0411,581,041
Deferred inflows - KTRS4,797,4059,302,7289,302,7289,302,7289,302,7289,302,7289,302,728
Total deferred inflows5,164,40510,883,76910,883,76910,883,76910,883,76910,883,76910,883,769
Total liabilities and deferred inflows112,861,668118,446,700117,963,459117,080,504116,349,294115,552,729114,731,111
Net assets:
Invested in capital assets, net of related debt70,447,30869,264,91767,299,49368,584,76067,792,91465,051,13562,209,125
Restricted
Nonexpendable8,657,5068,657,5068,657,5068,657,5068,657,5068,657,5068,657,506
Expendable3,358,7913,197,2113,658,4194,133,4644,622,7605,126,7355,645,829
Unrestricted(71,017,437)(72,757,425)(73,770,551)(76,979,580)(77,087,849)(74,552,899)(71,347,976)
Total net assets11,446,1688,362,2095,844,8674,396,1503,985,3314,282,4775,164,484
Total Liabilities and Net Assets$ 124,307,836$ 126,808,909$ 123,808,326$ 121,476,654$ 120,334,625$ 119,835,206$ 119,895,595
See accompanying compilation report of independent accountants and summary of significant financial assumptions. FS Meeting Notice 12/12/16