Kentucky State University Statement of Revenues, Expenses and Changes in Net Position (By Function) Periods Ending September 30, 2014 and 2013

(Unaudited)

September 2014September 2013
REVENUES
Operating revenue:
Student tuition and fees (gross)8,699,81811,537,256
Less: Scholarship allowances(2,420,742)(2,204,536)
Student tuition and fees (net of scholarships)6,279,0769,332,720
Federal grants and contracts1,854,7431,738,825
Federal appropriations1,808,3451,655,375
State and local grants and contracts418,561709,802
Auxiliary enterprises
Residence halls1,304,4781,736,636
Dining1,224,3221,607,059
Bookstore4,99037,500
Other auxiliaries10,69822,404
Other operating revenues718,730733,717
Total operating revenue13,623,94317,574,039
EXPENSES
Operating expenses:
Educational and general
Instruction2,302,3052,393,660
Research1,425,6661,407,435
Public service1,978,5312,064,510
Academic support707,015617,133
Student services1,544,8621,792,214
Institutional support2,288,3912,834,639
Operations and maintenance of plant1,033,2841,423,070
Student aid3,140,1754,135,632
Depreciation1,031,0041,026,180
Auxiliary enterprises
Residence halls327,733290,862
Dining255,735608,078
Other auxiliaries187,589244,001
Depreciation81,04082,559
Total operating expenses16,303,33018,919,975
Operating income (loss)(2,679,387)(1,345,936)

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