Kentucky State University
Statement of Net Position
February 2014June 2013
ASSETS
Current assets:
Cash and cash equivalents30,090,85921,107,984
Accounts, grants, and loans receivable, net12,825,26710,875,339
Investments00
Inventory and other current assets709,858538,521
Total current assets43,625,98432,521,844
Noncurrent assets:
Accounts, grants, and loans receivable, net324,053443,881
Investments14,594,93613,501,397
Capital assets, net81,325,07183,185,618
Total noncurrent assets96,244,06097,130,896
Total assets139,870,044129,652,740
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities2,971,2293,291,014
Accrued compensated absences1,994,3151,633,551
Deferred revenue1,246,2121,280,078
Deposits164,890160,856
Other current liabilities327,85563,283
Bonds and capital lease obligations, net606,012875,082
Total current liabilities7,310,5137,303,864
Noncurrent liabilities
Bonds and capital lease obligations7,300,3717,300,902
Other long term liabilities534,914991,709
Total noncurrent liabilities7,835,2858,292,611
Total liabilities15,145,79815,596,475
NET ASSETS
Invested in capital assets, net of related debt75,762,59775,009,634
Restricted
Nonexpendable11,409,9798,657,506
Expendable3,407,6415,905,037
Unrestricted34,144,02924,484,088
Total Net Assets124,724,245114,056,265