Board of Regents Kentucky State University Frankfort, Kentucky and Secretary of Finance and Administration Cabinet of the Commonwealth of Kentucky Frankfort, Kentucky

We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller of the United States, the financial statements of Kentucky State University (the "University"), a component unit of the Commonwealth of Kentucky, which are comprised of the statement of net position as of June 30, 2020, and the statement of revenues, expenses and changes in net position and the statement of cash flows, for the year then ended. We have issued our report thereon dated March 29, 2021.

In connection with our audit, nothing came to our attention that caused us to believe the University failed to comply with the provisions set forth in the Commonwealth of Kentucky's House Bill 622 (KRS164A.555 to 164A.630) insofar as they related to accounting matters. However, our audit was not directed primarily toward obtaining knowledge of such noncompliance. Accordingly, had we performed additional procedures, other matters may have come to our attention regarding the University's noncompliance with the above-referenced requirements, insofar as they relate to accounting matters.

The report is intended solely for the information and use of the Board of Regents, management of the University, and Secretary of Finance and Administration Cabinet of the Commonwealth of Kentucky 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