Kentucky State University
Statement of Revenues, Expenses and Changes in Net Position (By Function) Periods Ending December 31, 2015 and 2014 (Unaudited)
REVENUESDecember 2013December 2014
Operating revenue:
Student tuition and fees (gross)11,783,52313,646,778
Less: Scholarship allowances(2,698,368)(2,724,825)
Student tuition and fees (net of scholarships)9,085,15410,921,953
Federal grants and contracts2,193,9804,284,672
Federal appropriations3,587,6363,286,706
State and local grants and contracts620,8961,226,892
Auxiliary enterprises
Residence halls1,938,0962,147,940
Dining1,713,0481,950,625
Bookstore-4,990
Other auxiliaries-majority includes, laundry, homecoming and facility rental16,65114,705
Other operating revenues – primarily includes indirect cost recoveries, activity fees, nursing course fees, interest grant and rental income524,9371,458,522
Total operating revenue19,680,39725,297,005
EXPENSES
Operating expenses:
Educational and general
Instruction4,438,9764,647,495
Research3,170,4282,548,037
Public service3,423,7633,593,211
Academic support1,210,1581,542,186
Student services2,753,2653,664,244
Institutional support4,624,2876,376,425
Operations and maintenance of plant2,835,3092,419,238
Student aid3,025,0334,024,096
Depreciation2,026,6072,072,560
Auxiliary enterprises
Residence halls596,364636,153
Dining919,0811,078,994
Other auxiliaries – primarily includes Auxiliary salary expenses and copy services201,451393,304
Depreciation152,220162,081
Total operating expenses29,376,94333,158,022
Operating income (loss)(9,696,546)(7,861,018)
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