Kentucky State University
Statement of Revenues, Expenses and Changes in Net Position (By Function)
Periods Ending February 28, 2014 and March 31, 2013
(Unaudited)
February 2014March 2013
NONOPERATING REVENUES (EXPENSES)
State appropriations18,829,92118,826,621
Federal grants and contracts5,840,5065,777,947
Gifts(1,500)819
Investment income (net of investment expenses)1,084,607957,040
Interest on capital asset related debt(161,621)(178,813)
Other nonoperating revenues (expenses)2,579960,751
Net nonoperating revenues25,594,49426,344,365
Income (loss) before other revenues, expenses, gains or losses10,666,4807,570,807
Endowment Gifts1,5007,276
Capital appropriations00
Increase (decrease) in net assets10,667,9807,577,881
Net assets, beginning of year114,056,265117,091,491
Net assets, end of year124,724,245124,669,374