Kentucky State University Statement of Revenues, Expenses and Changes in Net Position (By Function) Periods Ending June 30, 2015 and 2014 (Unaudited)
June 2015June 2014
REVENUES
Operating revenue:
Student tuition and fees (gross)16,358,23921,367,768
Less: Scholarship allowances(5,431,851)(4,895,742)
Student tuition and fees (net of scholarships)10,926,38816,472,026
Federal grants and contracts7,125,0575,935,012
Federal appropriations6,665,5126,722,332
State and local grants and contracts2,146,2402,289,810
Auxiliary enterprises
Residence halls2,478,4463,161,664
Dining2,229,5152,877,787
Bookstore4,99075,000
Other auxiliaries-majority includes, laundry, homecoming and facility rental30,27980,973
Other operating revenues – primarily includes indirect cost recoveries, activity fees, nursing course fees, interest grant and rental income2,328,3551,096,045
Total operating revenue33,934,78238,710,649
EXPENSES
Operating expenses:
Educational and general
Instruction11,072,27612,765,912
Research5,618,8965,508,361
Public service7,312,2607,780,834
Academic support2,882,0552,438,777
Student services6,127,0817,279,017
Institutional support13,542,45913,882,639
Operations and maintenance of plant5,200,0974,680,295
Student aid7,635,5439,222,531
Depreciation4,114,6004,132,690
Auxiliary enterprises
Residence halls1,363,8822,321,813
Dining1,929,1712,655,019
Other auxiliaries – primarily includes Auxiliary salary expenses and copy services1,442,866686,439
Depreciation324,161327,251
Total operating expenses68,565,34773,681,578
Operating income (loss)(34,630,565)(34,970,929)
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