Kentucky State University
Statement of Net Position
(Unaudited)
| June 2015 | June 2014 |
|---|
| ASSETS | | |
|---|
| Current assets: | | |
|---|
| Cash and cash equivalents | 22,380,562 | 19,575,963 |
|---|
| Accounts, grants, and loans receivable, net | 1,383,764 | 8,535,442 |
|---|
| Inventory and other current assets | 155,979 | 157,844 |
|---|
| Total current assets | 23,920,306 | 28,269,249 |
|---|
| Noncurrent assets: | | |
|---|
| Accounts, grants, and loans receivable, net | 535,938 | 241,030 |
|---|
| Investments | 15,856,876 | 15,303,098 |
|---|
| Capital assets, net | 76,766,523 | 80,661,020 |
|---|
| Total noncurrent assets | 93,159,337 | 96,205,148 |
|---|
| Total assets | 117,079,642 | 124,474,397 |
|---|
| LIABILITIES | | |
|---|
| Current liabilities: | | |
|---|
| Accounts payable and accrued liabilities | 3,092,458 | 3,402,242 |
|---|
| Accrued compensated absences | 1,849,710 | 1,557,350 |
|---|
| Unearned revenue (Federal and State Grants) | 950,698 | 1,299,328 |
|---|
| Deposits | 167,442 | 169,221 |
|---|
| Other current liabilities | (325,508) | 91,700 |
|---|
| Bonds and capital lease obligations, net | (3,064) | 753,065 |
|---|
| Total current liabilities | 5,731,736 | 7,272,906 |
|---|
| Noncurrent liabilities | | |
|---|
| Bonds and capital lease obligations | 6,580,805 | 6,649,041 |
|---|
| Other long term liabilities | 534,964 | 534,914 |
|---|
| Total noncurrent liabilities | 7,115,769 | 7,183,955 |
|---|
| Total liabilities | 12,847,505 | 14,456,861 |
|---|
| NET POSITION | | |
|---|
| Invested in capital assets, net of related debt | | |
|---|
| Restricted | 73,031,145 | 73,258,914 |
|---|
| Nonexpendable | 8,657,506 | 8,657,506 |
|---|
| Expendable | 1,319,817 | 5,849,690 |
|---|
| Unrestricted | 21,223,670 | 22,251,426 |
|---|
| Total Net Position | 104,232,137 | 110,017,536 |
|---|
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