Kentucky State University Statement of Net Position (Unaudited)
April 2015April 2014
ASSETS
Current assets:
Cash and cash equivalents28,564,99427,832,331
Accounts, grants, and loans receivable, net2,236,80712,494,520
Inventory and other current assets147,210327,772
Total current assets30,949,01240,654,623
Noncurrent assets:
Accounts, grants, and loans receivable, net451,781266,700
Investments15,782,70614,847,774
Capital assets, net77,445,84080,242,173
Total noncurrent assets93,680,32795,356,646
Total assets124,629,339136,011,269
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities3,189,9303,007,439
Accrued compensated absences1,853,1951,983,753
Unearned revenue (Federal and State Grants)934,7081,152,559
Deposits166,468166,543
Other current liabilities(264,090)81,476
Bonds and capital lease obligations, net206,936-
Total current liabilities6,087,1456,391,770
Noncurrent liabilities
Bonds and capital lease obligations6,580,8057,297,071
Other long term liabilities534,964534,914
Total noncurrent liabilities7,115,7697,831,985
Total liabilities13,202,91414,223,755
NET POSITION
Invested in capital assets, net of related debt
Restricted72,975,28075,792,025
Nonexpendable8,657,50611,409,979
Expendable1,989,3632,146,143
Unrestricted27,804,27632,439,368
Total Net Position111,426,425121,787,514