Kentucky State University
Statement of Cash Flows
Periods Ending February 29, 2016 and February 28, 2015
| February 2016 | February 2015 |
|---|
| Reconciliation of net operating gain (loss) to Operating gain (loss) | (17,186,688) | (16,849,236) |
|---|
| Adjustments to reconcile operating income operating activities | | |
|---|
| Depreciation expense | 2,898,721 | 2,969,073 |
|---|
| Actuarially calculated pension expense | (126,494) | - |
|---|
| Gain (loss) on disposal of capital assets | - | - |
|---|
| Bad debt expense | - | 734,709 |
|---|
| Changes in assets and liabilities: | | |
|---|
| Receivables, net | (8,339,352) | 1,604,967 |
|---|
| Deferred Outflows | - | - |
|---|
| Inventory and prepaid expenses | 3,204 | 1,285 |
|---|
| Accounts payable and accrued liabilities | (1,938,805) | 1,218,005 |
|---|
| Accrued compensated absences | 538,895 | 313,528 |
|---|
| Other liabilities | (495,328) | (137,348) |
|---|
| Unearned revenue | 76,301 | (253,861) |
|---|
| Net cash from operating activities | (24,569,545) | (10,398,878) |
|---|