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Board of Regents Kentucky State University Frankfort, Kentucky and Kentucky Auditor of Public Accounts Frankfort, Kentucky and Secretary of Finance and Administration Cabinet Department of Facilities Management of the Commonwealth of Kentucky Frankfort, Kentucky and Governor of Kentucky Frankfort, Kentucky and Council on Postsecondary Education Frankfort, Kentucky
We have audited, in accordance with auditing standards generally accepted in the United States of America, the financial statements of the business-type activities and discretely presented component unit of Kentucky State University ("University"), a component unit of the Commonwealth of Kentucky, as of and for the year ended June 30, 2020, and the related notes to the financial statements, and have issued our report thereon dated March 29, 2021.
In connection with our audit, nothing came to our attention that caused us to believe that the provisions of KRS 56.800 through 56.823, KRS 48.111 and KRS 48.190 as well as the Model Audit Program Checklist for Lease Law Compliance for Postsecondary Education Institutions applied to the University during the year ended June 30, 2020, insofar as they relate to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of the applicability of such requirements. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the applicability of such requirements, insofar as they relate to accounting matters.
This report is intended solely for the information and use of the Board of Regents and management of the University and is not intended to be and should not be used by anyone other than these specified parties.
Lexington, Kentucky March 29, 2021
Crowe LLP