Kentucky State University
Statement of Revenues, Expenses and Changes in Net Position (By Function)
Periods Ending December 31, 2014 and 2013
(Unaudited)
December 2014December 2013
NON-OPERATING REVENUES (EXPENSES)
State appropriations12,886,28012,945,572
Federal grants and contracts2,658,4533,187,807
Gifts-89,102
Investment income (net of investment expenses)(1,871,502)1,089,050
Interest on capital asset related debt(129,124)(161,621)
Other non-operating revenues (expenses)-500
Net non-operating revenues13,544,10717,150,410
Income (loss) before other revenues, expenses, gains or losses5,683,0892,974,551
Endowment Gifts39-
Capital appropriations--
Increase (decrease) in net assets5,683,1282,974,551
Net assets, beginning of year110,017,536114,056,265
Net assets, end of year115,700,664117,030,816
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