Kentucky State University
Statement of Revenues, Expenses and Changes in Net Position (By Function)
Periods Ending June 30, 2015 and 2014
(Unaudited)
| June 2015 | June 2014 |
|---|
| NON-OPERATING REVENUES (EXPENSES) | | |
|---|
| State appropriations | 23,429,600 | 23,537,400 |
|---|
| Federal grants and contracts | 5,120,260 | 5,928,036 |
|---|
| Gifts | - | - |
|---|
| Investment income (net of investment expenses) | 553,778 | 1,700,270 |
|---|
| Interest on capital asset related debt | (263,107) | (317,534) |
|---|
| Other non-operating revenues (expenses) | - | 71,352 |
|---|
| Net non-operating revenues | 28,840,530 | 30,919,524 |
|---|
| Income (loss) before other revenues, expenses, gains or losses | (5,790,034) | (4,051,405) |
|---|
| Endowment Gifts | 4,636 | 12,676 |
|---|
| Capital appropriations | - | - |
|---|
| Increase (decrease) in net assets | (5,785,399) | (4,038,729) |
|---|
| Net assets, beginning of year | 110,017,536 | 114,056,265 |
|---|
| Net assets, end of year | 104,232,137 | 110,017,536 |
|---|
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