Kentucky State University Statement of Cash Flows Periods Ending June 30, 2015 and 2014 (Unaudited)
| June 2015 | June 2014 | |
| Reconciliation of net operating gain (loss) to net cash from operating activities | ||
| Operating gain (loss) | (34,630,565) | (34,970,929) |
| Adjustments to reconcile operating income to net cash from operating activities | ||
| Depreciation expense | 4,438,761 | 4,459,941 |
| Gain (loss) on disposal of capital assets | - | - |
| Bad debt expense | 734,709 | 4,038,728 |
| Changes in assets and liabilities: | ||
| Receivables, net | 6,122,061 | (1,495,980) |
| Inventory and prepaid expenses | 1,865 | 380,677 |
| Accounts payable and accrued liabilities | (309,785) | 111,228 |
| Accrued compensated absences | 292,360 | (76,201) |
| Other liabilities | (417,158) | (428,378) |
| Unearned revenue | (348,630) | 19,250 |
| Net cash from operating activities | (24,116,380) | (27,961,664) |
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