Kentucky State University
Statement of Revenues, Expenses and Changes in Net Position (By Function)
Periods Ending April 30, 2015 and 2014
(Unaudited)
(Unaudited)
| April 2015 | April 2014 |
|---|
| NON-OPERATING REVENUES (EXPENSES) | | |
|---|
| State appropriations | 23,479,600 | 23,537,400 |
|---|
| Federal grants and contracts | 4,995,137 | 5,906,163 |
|---|
| Gifts | - | (1,500) |
|---|
| Investment income (net of investment expenses) | 519,040 | 1,244,945 |
|---|
| Interest on capital asset related debt | (198,257) | (317,534) |
|---|
| Other non-operating revenues (expenses) | - | 5,151 |
|---|
| Net non-operating revenues | 28,795,520 | 30,374,626 |
|---|
| Income (loss) before other revenues, expenses, gains or losses | 1,404,253 | 7,717,073 |
|---|
| Endowment Gifts | 4,636 | 14,176 |
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| Capital appropriations | - | - |
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| Increase (decrease) in net assets | 1,408,889 | 7,731,249 |
|---|
| Net assets, beginning of year | 110,017,536 | 114,056,265 |
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| Net assets, end of year | 111,426,425 | 121,787,514 |
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