Kentucky State University Statement of Net Position (Unaudited)

March 2015March 2014
ASSETS
Current assets:
Cash and cash equivalents29,027,84527,223,275
Accounts, grants, and loans receivable, net5,968,62612,181,512
Inventory and other current assets145,269603,659
Total current assets35,141,74040,008,446
Noncurrent assets:
Accounts, grants, and loans receivable, net484,743319,072
Investments16,262,38014,704,118
Capital assets, net77,815,09380,606,737
Total noncurrent assets94,562,21795,629,927
Total assets129,703,957135,638,372
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities5,256,6042,744,186
Accrued compensated absences1,870,8781,994,315
Unearned revenue (Federal and State Grants)1,046,6231,181,931
Deposits165,886164,935
Other current liabilities(56,529)328,460
Bonds and capital lease obligations, net440,973606,012
Total current liabilities8,724,4367,019,838
Noncurrent liabilities
Bonds and capital lease obligations6,580,8057,300,371
Other long term liabilities534,964534,914
Total noncurrent liabilities7,115,7697,835,285
Total liabilities15,840,20414,855,123
NET POSITION
Invested in capital assets, net of related debt
Restricted72,977,28075,785,027
Nonexpendable8,657,50611,409,979
Expendable2,946,9712,703,416
Unrestricted29,281,99530,884,828
Total Net Position113,863,752120,783,249

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