Kentucky State University Statement of Cash Flows Periods Ending April 30, 2015 and 2014 (Unaudited)

April 2015April 2014
Cash flows from operating activities
Tuition and fees14,018,49412,780,283
Grants and contracts15,819,96613,499,603
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 students215,230149,188
Auxiliary enterprises
Residence halls and dining4,651,9685,967,846
Bookstore4,99075,000
Other auxiliaries21,95077,767
Other receipts - primarily includes indirect cost recoveries, activity fees, nursing course fees, interest and rental income2,142,4662,023,791
Net cash from operating activities(18,225,998)(20,672,110)
Cash flows from noncapital financing activities
State appropriations23,479,60023,537,400
Federal grants and contracts4,995,1375,906,163
Gifts for other than capital purposes4,63612,676
Student organization agency receipts90,07075,731
Student organization agency disbursements(92,823)(70,044)
Other receipts (payments)-5,152
Net cash from noncapital financing activities28,476,61929,467,078
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 investments1,226,462(351,485)
Investment expenses-(55,087)
Proceeds from sale of investments4,829,23411,210,093
Purchases of investments(6,016,263)(10,904,952)
Net cash flows from investing activities39,432(101,431)
Net increase (decrease) in cash and cash equivalents8,989,0316,724,347
Cash and cash equivalents at beginning of year19,575,96321,107,984
Cash and cash equivalents at end of year28,564,99427,832,331