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

June 2015June 2014
Cash flows from operating activities
Tuition and fees14,704,37818,362,048
Grants and contracts18,666,08615,461,022
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 students231,370202,850
Auxiliary enterprises
Residence halls and dining4,707,9606,039,451
Bookstore4,99075,000
Other auxiliaries30,27980,973
Other receipts - primarily includes indirect cost recoveries, activity fees, nursing course fees, interest and rental income2,329,2271,254,152
Net cash from operating activities(24,116,380)(27,961,664)
Cash flows from noncapital financing activities
State appropriations23,429,60023,537,400
Federal grants and contracts5,120,2605,928,036
Gifts for other than capital purposes4,63612,676
Student organization agency receipts90,34478,409
Student organization agency disbursements(92,123)(70,044)
Other receipts (payments)-71,352
Net cash from noncapital financing activities28,552,71729,557,829
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 investments1,249,5881,766,328
Investment expenses-(66,058)
Proceeds from sale of investments5,719,91712,830,492
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 equivalents2,804,599(1,532,021)
Cash and cash equivalents at beginning of year19,575,96321,107,984
Cash and cash equivalents at end of year22,380,56219,575,963

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