Kentucky State University
Statement of Cash Flows
Periods Ending April 30, 2015 and 2014
(Unaudited)
| April 2015 | April 2014 |
|---|
| Cash flows from operating activities | | |
|---|
| Tuition and fees | 14,018,494 | 12,780,283 |
|---|
| Grants and contracts | 15,819,966 | 13,499,603 |
|---|
| Payments to suppliers | (18,725,536) | (16,764,838) |
|---|
| Payments to employees | (29,032,229) | (29,693,897) |
|---|
| Student financial aid | (6,917,316) | (8,814,845) |
|---|
| Loans issued to students – Primarily PIOs | (425,981) | 27,992 |
|---|
| Collection of loans issued to students | 215,230 | 149,188 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls and dining | 4,651,968 | 5,967,846 |
|---|
| Bookstore | 4,990 | 75,000 |
|---|
| Other auxiliaries | 21,950 | 77,767 |
|---|
| Other receipts - primarily includes indirect cost recoveries, activity fees, nursing course fees, interest and rental income | 2,142,466 | 2,023,791 |
|---|
| Net cash from operating activities | (18,225,998) | (20,672,110) |
|---|
| Cash flows from noncapital financing activities | | |
|---|
| State appropriations | 23,479,600 | 23,537,400 |
|---|
| Federal grants and contracts | 4,995,137 | 5,906,163 |
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| Gifts for other than capital purposes | 4,636 | 12,676 |
|---|
| Student organization agency receipts | 90,070 | 75,731 |
|---|
| Student organization agency disbursements | (92,823) | (70,044) |
|---|
| Other receipts (payments) | - | 5,152 |
|---|
| Net cash from noncapital financing activities | 28,476,619 | 29,467,078 |
|---|
| Cash flows from capital financing activities | | |
|---|
| Capital appropriations | - | - |
|---|
| Purchases of capital assets | (488,400) | (772,743) |
|---|
| Proceeds from capital debt | - | - |
|---|
| Principal paid on capital debt | (614,366) | (878,913) |
|---|
| Interest paid on capital debt | (198,257) | (317,534) |
|---|
| Net cash flows from capital financing activities | (1,301,022) | (1,969,190) |
|---|
| Cash flows from investing activities | | |
|---|
| Interest received on investments | 1,226,462 | (351,485) |
|---|
| Investment expenses | - | (55,087) |
|---|
| Proceeds from sale of investments | 4,829,234 | 11,210,093 |
|---|
| Purchases of investments | (6,016,263) | (10,904,952) |
|---|
| Net cash flows from investing activities | 39,432 | (101,431) |
|---|
| Net increase (decrease) in cash and cash equivalents | 8,989,031 | 6,724,347 |
|---|
| Cash and cash equivalents at beginning of year | 19,575,963 | 21,107,984 |
|---|
| Cash and cash equivalents at end of year | 28,564,994 | 27,832,331 |
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