Kentucky State University

Statement of Net Position (Unaudited)

DecemberDecember
20142013
ASSETS
Current assets:
Cash and cash equivalents24,400,93323,501,127
Accounts, grants, and loans receivable, net12,537,02910,911,173
Inventory and other current assets150,050690,083
Total current assets37,088,01335,102,383
Noncurrent assets:
Accounts, grants, and loans receivable, net556,741329,336
Investments13,431,59614,599,418
Capital assets, net78,844,77481,672,348
Total noncurrent assets92,833,11296,601,102
Total assets129,921,124131,703,485
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities3,483,5472,959,477
Accrued compensated absences1,870,8782,007,623
Unearned revenue1,027,9121,265,430
Deposits177,595159,505
Other current liabilities103,836(160,663)
Bonds and capital lease obligations, net440,973606,012
Total current liabilities7,104,7416,837,384
Noncurrent liabilities
Bonds and capital lease obligations6,580,8057,300,371
Other long term liabilities534,914534,914
Total noncurrent liabilities7,115,7197,835,285
Total liabilities14,220,46014,672,668
NET POSITION
Invested in capital assets, net of related debt
Restricted72,934,20975,739,430
Nonexpendable8,657,50611,409,979
Expendable694,9333,134,731
Unrestricted33,414,01626,746,677
Total Net Position115,700,664117,030,816

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