Kentucky State University Statement of Cash Flows Periods Ending November 30, 2013 and December 31, 2012 (Unaudited)
November 2013December 2012
Cash flows from operating activities
Tuition and fees$5,800,666$4,134,814
Grants and contracts9,341,73713,373,822
Payments to suppliers(8,774,232)(18,537,936)
Payments to employees(14,750,616)(16,492,244)
Student financial aid(4,497,641)0
Loans issued to students18,7580
Collection of loans issued to students82,3610
Auxiliary enterprises
Residence halls and dining3,261,3325,613,572
Bookstore62,50075,000
Other auxiliaries42,19751,204
Other receipts828,051173,350
Net cash from operating activities(8,584,887)(11,608,418)
Cash flows from noncapital financing activities
State appropriations12,945,57212,942,271
Federal grants and contracts3,165,1683,105,450
Gifts for other than capital purposes89,1021,320
Student organization agency receipts67,6653,913
Student organization agency disbursements(70,044)6,348
Other receipts (payments)500308,895
Net cash from noncapital financing activities16,197,96316,355,501
Cash flows from capital financing activities
Capital appropriations00
Purchases of capital assets(643,744)(1,785,997)
Proceeds from capital debt00
Principal paid on capital debt(765,191)89,525
Interest paid on capital debt(142,215)(176,533)
Net cash flows from capital financing activities(1,551,151)(1,873,005)
Cash flows from investing activities
Interest received on investments131,183464,128
Investment expenses(27,090)(22,556)
Proceeds from sale of investments2,266,9681,656,344
Purchases of investments(2,380,032)(2,125,407)
Net cash flows from investing activities(8,970)(27,491)
Net increase (decrease) in cash and cash equivalents6,052,9552,846,587
Cash and cash equivalents at beginning of year21,107,98423,842,721