Kentucky State University
Statement of Cash Flows
Periods Ending March 31, 2015 and 2014
(Unaudited)
| March 2015 | March 2014 |
|---|
| Cash flows from operating activities | | |
|---|
| Tuition and fees | 10,765,508 | 12,572,914 |
|---|
| Grants and contracts | 14,579,965 | 12,615,079 |
|---|
| Payments to suppliers | (12,142,713) | (15,286,974) |
|---|
| Payments to employees | (25,995,801) | (26,554,725) |
|---|
| Student financial aid | (6,924,524) | (8,798,510) |
|---|
| Loans issued to students – Primarily PIOs | (421,842) | 21,134 |
|---|
| Collection of loans issued to students | 178,129 | 103,674 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls and dining | 4,648,112 | 5,949,125 |
|---|
| Bookstore | 4,990 | 75,000 |
|---|
| Other auxiliaries | 18,430 | 72,006 |
|---|
| Other receipts - primarily includes Indirect Cost Recoveries, Activity | 1,966,375 | 1,862,939 |
|---|
| Fees, Nursing Course Fees, Interest and Rental Income | | |
|---|
| Net cash from operating activities | (13,323,371) | (17,368,338) |
|---|
| Cash flows from noncapital financing activities | | |
|---|
| State appropriations | 18,743,680 | 18,829,921 |
|---|
| Federal grants and contracts | 4,983,514 | 5,849,998 |
|---|
| Gifts for other than capital purposes | 4,589 | 3,450 |
|---|
| Student organization agency receipts | 89,488 | 74,123 |
|---|
| Student organization agency disbursements | (92,823) | (70,044) |
|---|
| Other receipts (payments) | - | 2,079 |
|---|
| Net cash from noncapital financing activities | 23,728,448 | 24,689,527 |
|---|
| Cash flows from capital financing activities | | |
|---|
| Capital appropriations | - | - |
|---|
| Purchases of capital assets | (490,400) | (765,746) |
|---|
| Proceeds from capital debt | - | - |
|---|
| Principal paid on capital debt | (380,329) | (269,601) |
|---|
| Interest paid on capital debt | (123,899) | (161,621) |
|---|
| Net cash flows from capital financing activities | (994,628) | (1,196,968) |
|---|
| Cash flows from investing activities | | |
|---|
| Interest received on investments | 1,289,387 | (619,608) |
|---|
| Investment expenses | - | (43,942) |
|---|
| Proceeds from sale of investments | 4,636,481 | 8,040,635 |
|---|
| Purchases of investments | (5,884,435) | (7,386,016) |
|---|
| Other Investments | | |
|---|
| Net cash flows from investing activities | 41,433 | (8,930) |
|---|
| Net increase (decrease) in cash and cash equivalents | 9,451,882 | 6,115,291 |
|---|
| Cash and cash equivalents at beginning of year | 19,575,963 | 21,107,984 |
|---|
| Cash and cash equivalents at end of year | 29,027,845 | 27,223,275 |
|---|
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