KENTUCKY STATE UNIVERSITY STATEMENT OF NET POSITION June 30, 2020

ASSETS
Current assets
Cash and cash equivalents$ 3,074,129
Accounts, grants and loans receivable, net3,002,386
Total current assets6,076,515
Noncurrent assets
Accounts, grants and loans receivable, net664,511
Investments17,172,803
Capital assets, net93,459,482
Total noncurrent assets111,296,796
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows – pension12,498,135
Deferred outflows – other postemployment benefits3,409,795
Total deferred outflows15,907,931
Total assets and deferred outflows of resources133,281,242
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities11,041,486
Accrued compensated absences2,338,515
Unearned revenue400,548
Line of credit2,893,716
Deposits and other current liabilities195,887
Long-term debt, current portion1,142,388
Total current liabilities18,012,540
Non-current liabilities
Net pension liability64,627,263
Net OPEB liability11,656,173
Long-term debt, non-current portion14,999,194
Federal grants refundable525,758
Total noncurrent liabilities91,808,388
DEFERRED INFLOWS OF RESOURCES
Deferred inflows – pension24,290,634
Deferred inflows – other postemployment benefits2,775,215
Total deferred inflows27,065,849
Total liabilities and deferred inflows of resources136,886,777
NET POSITION
Net investment in capital assets77,317,900
Restricted
Nonexpendable - endowment3,562,238
Expendable4,800,330
Unrestricted(89,286,003)
Total net position$ (3,605,535)

See accompanying notes to financial statements.

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