Kentucky State University
Statement of Revenues, Expenses and Changes in Net Position (By Function)
Periods Ending November 30, 2013 and December 31, 2012
(Unaudited)
| November 2013 | December 2012 |
|---|
| NONOPERATING REVENUES (EXPENSES) | | |
|---|
| State appropriations | $12,945,572 | $12,942,271 |
|---|
| Federal grants and contracts | 3,165,168 | 3,105,450 |
|---|
| Gifts | 89,102 | 1,320 |
|---|
| Investment income (net of investment expenses) | 951,539 | 441,572 |
|---|
| Interest on capital asset related debt | (142,215) | (176,532) |
|---|
| Other nonoperating revenues (expenses) | 500 | 308,895 |
|---|
| Net nonoperating revenues | 17,009,666 | 16,622,976 |
|---|
| Income (loss) before other revenues, expenses, gains or losses | 7,280,639 | 5,984,245 |
|---|
| Endowment Gifts | 0 | 0 |
|---|
| Capital appropriations | 0 | 0 |
|---|
| Increase (decrease) in net assets | 7,280,639 | 5,984,245 |
|---|
| Net assets, beginning of year | 114,056,265 | 117,091,491 |
|---|
| Net assets, end of year | $121,336,905 | $123,075,736 |
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