Kentucky State University Statement of Cash Flows Periods Ending December 31, 2015 and 2014 (Unaudited)
December 2015December 2014
Cash flows from operating activities
Tuition and fees3,610,1984,291,072
Grants and contracts5,797,42110,838,680
Payments to suppliers(9,110,713)(9,760,656)
Payments to employees(15,453,913)(16,693,486)
Student financial aid(2,861,832)(3,738,837)
Loans issued to students – Primarily PIOs(78,644)(440,344)
Collection of loans issued to students70,806124,633
Auxiliary enterprises
Residence halls and dining3,651,1434,098,565
Bookstore-4,990
Other auxiliaries16,65114,705
Other receipts - primarily includes indirect cost recoveries, activity fees, nursing course fees, interest and rental income519,6951,460,277
Net cash from operating activities(13,839,189)(9,800,401)
Cash flows from noncapital financing activities
State appropriations12,886,30012,886,280
Federal grants and contracts2,342,1252,658,454
Gifts for other than capital purposes9439
Student organization agency receipts93,39887,688
Student organization agency disbursements(92,059)(79,314)
Other receipts (payments)--
Net cash from noncapital financing activities15,229,85815,553,147
Cash flows from capital financing activities
Capital appropriations--
Purchases of capital assets(723,047)(418,323)
Proceeds from capital debt--
Principal paid on capital debt(239,058)(380,329)
Interest paid on capital debt(147,100)(129,124)
Net cash flows from capital financing activities(1,109,204)(927,776)
Cash flows from investing activities
Interest received on investments29,1621,198,513
Investment expenses--
Proceeds from sale of investments3,706,5303,009,727
Purchases of investments(3,735,692)(4,208,240)
Other investments--
Net cash flows from investing activities00
Net increase (decrease) in cash and cash equivalents281,4654,824,970
Cash and cash equivalents at beginning of year23,021,76719,575,963
Cash and cash equivalents at end of year23,303,23224,400,933
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