Kentucky State University

Statement of Net Position December 31, 2015 (Unaudited)

December 2015December 2014
ASSETS
Current assets:
Cash and cash equivalents23,303,23224,400,933
Accounts, grants, and loans receivable, net9,786,82412,537,029
Inventory and other current assets150,371150,050
Total current assets33,240,42737,088,013
Noncurrent assets:
Accounts, grants, and loans receivable, net517,710556,741
Investments15,288,09913,431,596
Capital assets, net75,636,73778,844,774
Total noncurrent assets91,442,54692,833,112
Deferred outflows of resources:
Deferred outflows - KERS1,953,418-
Deferred outflows - KTRS2,436,799-
Total deferred outflows4,390,216-
Total assets and deferred outflows129,073,189129,921,124
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities3,724,9253,483,547
Accrued compensated absences1,849,7101,870,878
Unearned revenue (Federal and State Grants)924,7331,027,912
Deposits168,781177,595
Other current liabilities348,120103,836
Bonds and capital lease obligations, net539,856440,973
Total current liabilities7,556,1267,104,741
Noncurrent liabilities
Net pension liability93,542,214-
Bonds and capital lease obligations5,866,2956,580,805
Other long term liabilities534,964534,914
Total noncurrent liabilities99,943,4737,115,719
Deferred inflows of resources:
Deferred inflows - KERS367,000-
Deferred inflows - KTRS4,797,405-
Total deferred inflows5,164,405-
Total liabilities and deferred inflows112,664,00414,220,460

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