Kentucky State University Statement of Net Assets June 30, 2012 (Unaudited)

FY 2012
ASSETS
Current assets
Cash and cash equivalents27,649,764
Accounts, grants and loans receivable, net10,647,294
Investments-
Inventory and other current assets846,364
Total current assets39,143,422
Noncurrent assets
Accounts, grants and loans receivable, net773,775
Investments11,399,403
Capital assets, net80,295,452
Total noncurrent assets92,468,630
Total assets131,612,052
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities3,547,611
Accrued compensated absences2,150,976
Deferred revenue2,293,030
Deposits192,811
Other current liabilities256,226
Bonds and capital lease obligations767,784
Total current liabilities9,208,438
Noncurrent liabilities
Bonds and capital lease obligations7,904,835
Federal grants refundable991,709
Total noncurrent liabilities8,896,544
Total liabilities18,104,982
NET ASSETS
Invested in capital assets, net of related debt71,622,833
Restricted
Nonexpendable9,642,500
Expendable5,973,507
Unrestricted26,268,230
Total net assets113,507,070