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
NON-OPERATING REVENUES (EXPENSES)
State appropriations7,028,8807,061,222
Federal grants and contracts2,598,2892,878,369
Gifts-90,602
Investment income (net of investment expenses)1,101,489347,757
Interest on capital asset related debt(51,330)(142,215)
Other non-operating revenues (expenses)-803
Net non-operating revenues10,677,32810,236,538
Income (loss) before other revenues, expenses, gains or losses7,997,9428,890,602
Endowment Gifts39-
Capital appropriations--
Increase (decrease) in net assets7,997,9818,890,602
Net assets, beginning of year110,017,536114,056,265
Net assets, end of year118,015,517122,946,868
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