Kentucky State University
Statement of Revenues, Expenses and Changes in Net Position (By Function)
Period Ending February 2016
Unaudited
| February 2016 | February 2015 |
|---|
| REVENUES | | |
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| Operating revenues: | | |
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| Student tuition and fees (gross) | 14,095,272 | 16,100,807 |
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| Less: Scholarship Allowances | (5,179,864) | (5,317,682) |
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| Student tuition and fees (net of scholarships) | 8,915,408 | 10,783,124 |
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| Federal grants and contracts | 3,769,937 | 6,482,252 |
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| Federal appropriations | 5,101,261 | 4,001,578 |
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| State and local grants and contracts | 1,534,830 | 1,708,129 |
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| Auxiliary enterprises | | |
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| Residence halls | 1,924,962 | 2,426,304 |
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| Dining | 1,706,904 | 2,215,927 |
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| Bookstore | - | 4,990 |
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| Other auxiliaries | 18,259 | 17,685 |
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| Other operating revenues | 810,260 | 1,772,328 |
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| Total Operating revenues | 23,781,822 | 29,412,319 |
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| EXPENSES | | |
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| Operating expenses: | | |
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| Educational and general | | |
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| Instruction | 5,843,987 | 7,122,088 |
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| Research | 4,143,464 | 3,693,869 |
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| Public Service | 4,381,246 | 4,953,268 |
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| Academic Support | 1,721,843 | 2,115,695 |
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| Student Services | 3,614,028 | 4,332,415 |
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| Institutional Support | 6,390,486 | 7,408,671 |
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| Operations and maintenance | 3,963,535 | 3,796,792 |
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| Student aid | 5,523,293 | 7,245,228 |
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| Depreciation | 2,695,712 | 2,752,966 |
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| Auxiliary enterprises | | |
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| Residence Halls | 808,155 | 859,083 |
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| Dining | 1,270,196 | 1,332,283 |
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| Other auxiliaries | 409,556 | 433,089 |
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| Depreciation | 203,009 | 216,107 |
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| Total Operating expenses | 40,968,510 | 46,261,554 |
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| Operating income (loss) | (17,186,688) | (16,849,236) |
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