Kentucky State University
Statement of Cash Flows
Periods Ending December 31, 2015 and 2014
(Unaudited)
| December 2015 | December 2014 |
|---|
| Reconciliation of net operating gain (loss) to net cash from operating activities | | |
|---|
| Operating gain (loss) | (9,696,546) | (7,861,018) |
|---|
| Adjustments to reconcile operating income to net cash from operating activities | | |
|---|
| Depreciation expense | 2,178,827 | 2,234,569 |
|---|
| Actuarially calculated pension expense | (126,495) | - |
|---|
| Gain (loss) on disposal of capital assets | - | - |
|---|
| Bad debt expense | - | 734,709 |
|---|
| Changes in assets and liabilities: | | |
|---|
| Receivables, net | (6,229,133) | (5,052,007) |
|---|
| Deferred Outflows | - | - |
|---|
| Inventory and prepaid expenses | (5,895) | 7,794 |
|---|
| Accounts payable and accrued liabilities | (620,659) | 81,305 |
|---|
| Accrued compensated absences | 538,895 | 313,528 |
|---|
| Other liabilities | 71,634 | 12,136 |
|---|
| Unearned revenue | 50,184 | (271,416) |
|---|
| Net cash from operating activities | (13,839,189) | (9,800,401) |
|---|
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