Kentucky State University Statement of Net Assets December 31, 2010 (Unaudited)

FY 2011
ASSETS
Current assets
Cash and cash equivalents23,527,340
Accounts, grants and loans receivable, net19,699,755
Investments1,297,194
Inventory and other current assets1,423,642
Total current assets45,947,931
Noncurrent assets
Accounts, grants and loans receivable, net751,955
Investments9,707,845
Capital assets, net80,938,998
Total noncurrent assets91,398,798
Total assets137,346,729
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities273,514
Accrued compensated absences1,683,688
Deferred revenue1,744,871
Deposits56,142
Other current liabilities508,709
Bonds and capital lease obligations1,495,550
Total current liabilities5,762,474
Noncurrent liabilities
Bonds and capital lease obligations9,427,142
Federal grants refundable943,873
Total noncurrent liabilities10,371,015
Total liabilities16,133,489
NET ASSETS
Invested in capital assets, net of related debt70,016,305
Restricted
Nonexpendable8,899,363
Expendable6,450,374
Unrestricted35,847,198
Total net assets121,213,240

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