Kentucky State University Statement of Revenues, Expenses and Changes in Net Position (By Function) Periods Ending March 31, 2015 and 2014 (Unaudited)
(Unaudited)
March 2015March 2014
NON-OPERATING REVENUES (EXPENSES)
State appropriations18,743,68018,829,921
Federal grants and contracts4,983,5135,849,998
Gifts-(1,500)
Investment income (net of investment expenses)1,000,7151,193,790
Interest on capital asset related debt(123,899)(161,621)
Other non-operating revenues (expenses)-2,079
Net non-operating revenues24,604,00925,712,668
Income (loss) before other revenues, expenses, gains or losses3,841,6276,722,034
Endowment Gifts4,5894,950
Capital appropriations--
Increase (decrease) in net assets3,846,2166,726,984
Net assets, beginning of year110,017,536114,056,265
Net assets, end of year113,863,752120,783,249
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