Year ended June 30, 2014
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Kentucky State University (the University) and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of OMB Circular A-133, Audits of States, Local Governments and Non-profit Organizations. Therefore, some amounts presented in this schedule may differ from amounts presented in, or used in the preparation of, the basic financial statements. Catalog of Federal Domestic Assistance (CFDA) numbers were presented for those programs for which such numbers were available.
Loans made by the University to eligible students under the Federal Perkins Loan Program and federal student loans issued by the Federal Direct Loan Program during the year ended June 30, 2014 are summarized as follows:
| Federal Perkins Loan Program: | ||
|---|---|---|
| Loans disbursed | $ | - |
| Federal Direct Loan Program: | ||
| Federal Unsubsidized Stafford Loans | $ | 7,736,282 |
| Federal Subsidized Stafford Loans | 5,298,203 | |
| Federal Plus Loans | 1,692,574 |
As of June 30, 2014, the University had loans outstanding, in the amount of $1,755,495 with an allowance for doubtful accounts of $1,624,777 under the Federal Perkins Loan Program. During the year ended June 30, 2014 the University did not issue any loans under the Federal Perkins Loan Program.
Of the federal expenditures presented in the schedule of expenditures of federal awards, Kentucky State University provided federal awards to subrecipients as follows:
| CFDA Number | Program Name | Amount Provided to Sub recipients |
|---|---|---|
| 16.560 | NIJ FY10 Fundamental Research | $19,742 |
| 10.216 | 1890 Institution Capacity Building Grant - Mobile Kitchen | 76 |
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