Kentucky State University Statement of Revenues, Expenses and Changes in Net Position (By Function) Periods Ending December 31, 2015 and 2014 (Unaudited)
| June 2015 | June 2014 | |
| NON-OPERATING REVENUES (EXPENSES) | ||
| State appropriations | 12,886,300 | 12,886,280 |
| Federal grants and contracts | 2,342,125 | 2,658,453 |
| Gifts | - | - |
| Investment income (net of investment expenses) | (295,359) | (1,871,502) |
| Interest on capital asset related debt | (147,100) | (129,124) |
| Other non-operating revenues (expenses) | - | - |
| Net non-operating revenues | 14,785,966 | 13,544,107 |
| Income (loss) before other revenues, expenses, gains or losses | 5,089,420 | 5,683,089 |
| Endowment Gifts | 94 | 39 |
| Capital appropriations | - | - |
| Increase (decrease) in net assets before cumulative effect of changes | 5,089,513 | 5,683,128 |
| Cumulative effect of a change in accounting principle | (93,364,175) | - |
| Increase (decrease) in net assets | (88,274,662) | 5,683,128 |
| Net assets, beginning of year | 104,683,847 | 110,017,536 |
| Net assets, end of year | 16,409,185 | 115,700,664 |
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