Kentucky State University Statement of Revenues, Expenses and Changes in Net Position (By Function) Periods Ending April 30, 2015 and 2014 (Unaudited)

April 2015April 2014
REVENUES
Operating revenue:
Student tuition and fees (gross)16,070,50420,359,864
Less: Scholarship allowances(5,377,107)(4,813,115)
Student tuition and fees (net of scholarships)10,693,39715,546,749
Federal grants and contracts6,074,0715,039,376
Federal appropriations5,510,6275,625,722
State and local grants and contracts1,843,2891,796,980
Auxiliary enterprises
Residence halls2,435,0723,110,829
Dining2,216,8952,857,017
Bookstore4,99075,000
Other auxiliaries-majority includes, laundry, homecoming and facility rental21,95077,767
Other operating revenues – primarily includes indirect cost recoveries, activity fees, nursing course fees, interest grant and rental income2,136,2801,864,370
Total operating revenue30,936,57235,993,810
EXPENSES
Operating expenses:
Educational and general
Instruction8,907,1079,575,659
Research4,595,5694,353,276
Public service5,894,7006,060,093
Academic support2,473,9221,967,851
Student services5,294,3216,006,692
Institutional support11,891,3438,924,915
Operations and maintenance of plant4,788,3094,096,956
Student aid7,419,1118,912,207
Depreciation3,433,4453,442,965
Auxiliary enterprises
Residence halls1,106,2391,123,997
Dining1,714,5632,352,526
Other auxiliaries – primarily includes Auxiliary salary expenses and copy services539,0741,561,002
Depreciation270,134273,224
Total operating expenses58,327,83958,651,362
Operating income (loss)(27,391,267)(22,657,553)