Kentucky State University
Statement of Cash Flows Periods Ending February 28, 2014 and March 31, 2013 (Unaudited)
February 2014March 2013
Cash flows from operating activities
Tuition and fees12,304,44312,512,111
Grants and contracts11,417,40714,381,472
Payments to suppliers(13,959,178)(26,749,652)
Payments to employees(23,478,005)(26,166,005)
Student financial aid(8,704,834)-
Loans issued to students19,837-
Collection of loans issued to students99,990-
Auxiliary enterprises
Residence halls and dining5,933,9135,531,723
Bookstore75,000112,500
Other auxiliaries57,914192,874
Other receipts1,722,816773,179
Net cash from operating activities(14,510,697)(19,411,798)
Cash flows from noncapital financing activities
State appropriations18,829,92118,826,621
Federal grants and contracts5,840,5065,777,948
Gifts for other than capital purposes-8,095
Student organization agency receipts74,0785,648
Student organization agency disbursements(70,044)-
Other receipts (payments)2,580960,748
Net cash from noncapital financing activities24,677,04125,579,060
Cash flows from capital financing activities
Capital appropriations--
Purchases of capital assets(743,316)(2,053,781)
Proceeds from capital debt--
Principal paid on capital debt(269,601)89,525
Interest paid on capital debt(161,621)(176,533)
Net cash flows from capital financing activities(1,174,538)(2,518,069)
Cash flows from investing activities
Interest received on investments(619,608)199,643
Investment expenses(43,942)(64,012)
Proceeds from sale of investments8,040,6352,873,512
Purchases of investments(7,386,016)(4,232,410)
Net cash flows from investing activities(8,931)(1,223,267)
Net increase (decrease) in cash and cash equivalents8,892,8752,425,926
Cash and cash equivalents at beginning of year21,107,98423,842,721
Cash and cash equivalents at end of year30,090,85926,268,647