October 31, 2022

Blue & Co., LLC / 250 West Main Street, Suite 2900 / Lexington, KY 40507 main 859.253.1100 fax 859.253.1384 email blue@blueandco.com

Dr. Ronald A. Johnson Interim President Kentucky State University 400 East Main Street Frankfort, KY 40601

Dear Dr. Johnson:

You have requested an audit of the financial statements of Kentucky State University (hereby referred to as the "University"). We are pleased to confirm our understanding of the services we are to provide for the University for the year ended June 30, 2021, by means of this letter.

We will audit the financial statements of the University, which comprise the statement of net position as of June 30, 2021, the statement of revenues, expenses, and changes in net position and the statement of cash flows for the year then ended, and the disclosures (hereby collectively referred to as the "financial statements"). Also, the following supplementary information accompanying the financial statements will be subjected to the auditing procedures applied in our audit of the financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the financial statements or to the financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America (GAAS), and we will provide an opinion on it in relation to the financial statements as a whole in a report combined with our auditor's report on the financial statements (or in a separate written report accompanying our auditor's report on the financial statements).

Also, accounting principles generally accepted in the United States of America (GAAP) provide for certain required supplementary information (RSI), such as management's discussion and analysis (MD&A), to supplement the University's basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. As part of our engagement, we will apply certain limited procedures to the University's RSI in accordance with GAAS. These limited procedures will consist of inquiries of management about the methods of preparing the information and comparing the information for consistency with management's responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial