Kentucky State University
Statement of Cash Flows
Periods Ending June 30, 2015 and 2014
(Unaudited)
| June 2015 | June 2014 |
|---|
| Cash flows from operating activities | | |
|---|
| Tuition and fees | 14,704,378 | 18,362,048 |
|---|
| Grants and contracts | 18,666,086 | 15,461,022 |
|---|
| Payments to suppliers | (22,135,306) | (23,480,750) |
|---|
| Payments to employees | (34,989,005) | (37,413,975) |
|---|
| Student financial aid | (7,140,083) | (8,542,435) |
|---|
| Loans issued to students – Primarily PIOs | (526,277) | - |
|---|
| Collection of loans issued to students | 231,370 | 202,850 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls and dining | 4,707,960 | 6,039,451 |
|---|
| Bookstore | 4,990 | 75,000 |
|---|
| Other auxiliaries | 30,279 | 80,973 |
|---|
| Other receipts - primarily includes indirect cost recoveries, activity fees, nursing course fees, interest and rental income | 2,329,227 | 1,254,152 |
|---|
| Net cash from operating activities | (24,116,380) | (27,961,664) |
|---|
| Cash flows from noncapital financing activities | | |
|---|
| State appropriations | 23,429,600 | 23,537,400 |
|---|
| Federal grants and contracts | 5,120,260 | 5,928,036 |
|---|
| Gifts for other than capital purposes | 4,636 | 12,676 |
|---|
| Student organization agency receipts | 90,344 | 78,409 |
|---|
| Student organization agency disbursements | (92,123) | (70,044) |
|---|
| Other receipts (payments) | - | 71,352 |
|---|
| Net cash from noncapital financing activities | 28,552,717 | 29,557,829 |
|---|
| Cash flows from capital financing activities | | |
|---|
| Capital appropriations | - | - |
|---|
| Purchases of capital assets | (544,264) | (1,834,139) |
|---|
| Proceeds from capital debt | - | - |
|---|
| Principal paid on capital debt | (824,366) | (875,082) |
|---|
| Interest paid on capital debt | (263,107) | (317,534) |
|---|
| Net cash flows from capital financing activities | (1,631,737) | (3,026,755) |
|---|
| Cash flows from investing activities | | |
|---|
| Interest received on investments | 1,249,588 | 1,766,328 |
|---|
| Investment expenses | - | (66,058) |
|---|
| Proceeds from sale of investments | 5,719,917 | 12,830,492 |
|---|
| Purchases of investments | (6,969,506) | (14,632,193) |
|---|
| Net cash flows from investing activities | (0) | (101,431) |
|---|
| Net increase (decrease) in cash and cash equivalents | 2,804,599 | (1,532,021) |
|---|
| Cash and cash equivalents at beginning of year | 19,575,963 | 21,107,984 |
|---|
| Cash and cash equivalents at end of year | 22,380,562 | 19,575,963 |
|---|
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