Kentucky State University Statement of Revenues, Expenses and Changes in Net Position (By Function) Periods Ending March 31, 2015 and 2014 (Unaudited)

March 2015March 2014
REVENUES
Operating revenue:
Student tuition and fees (gross)16,066,11420,198,809
Less: Scholarship allowances(5,336,522)(4,772,647)
Student tuition and fees (net of scholarships)10,729,59215,426,162
Federal grants and contracts5,686,2024,550,019
Federal appropriations5,075,9885,030,920
State and local grants and contracts1,802,2591,608,053
Auxiliary enterprises
Residence halls2,427,4483,092,570
Dining2,220,6642,856,556
Bookstore4,99075,000
Other auxiliaries-majority includes, laundry, homecoming and facility rental.18,43072,006
Other operating revenues – primarily includes Indirect Cost Recoveries, Activity Fees, Nursing Course Fees, Interest Income, Grant and Rental Income1,947,4091,715,288
Total operating revenue29,912,98334,426,575
EXPENSES
Operating expenses:
Educational and general
Instruction8,034,3228,468,241
Research4,140,8543,900,119
Public service5,412,6475,322,003
Academic support2,276,7851,726,393
Student services4,808,7155,319,453
Institutional support7,972,0017,541,256
Operations and maintenance of plant4,253,7994,220,830
Student aid7,330,1378,907,732
Depreciation3,093,2053,098,417
Auxiliary enterprises
Residence halls1,002,5591,026,133
Dining1,596,3322,101,957
Other auxiliaries – primarily includes Auxiliary salary expenses and copy services510,8881,538,464
Depreciation243,121246,210
Total operating expenses50,675,36553,417,208
Operating income (loss)(20,762,382)(18,990,634)

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