Kentucky State University
Statement of Revenues, Expenses and Changes in Net Assets (By Function)
Period Ending March 31, 2013
(Unaudited)
| FY 2013 | FY 2012 |
|---|
| REVENUES | | |
|---|
| Operating Revenues | | |
|---|
| Student tuition and fees (gross) | 20,913,533 | 22,911,614 |
|---|
| Less: Scholarship allowances | (4,306,235) | (4,198,036) |
|---|
| Student tuition and fees (net of scholarships) | 16,607,298 | 18,713,578 |
|---|
| Federal grants and contracts | 6,240,238 | 6,069,735 |
|---|
| Federal appropriations | 4,492,646 | 2,727,813 |
|---|
| State and local grants and contracts | 1,003,525 | 1,169,450 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls | 2,757,183 | 3,170,112 |
|---|
| Dining | 2,774,541 | 3,187,043 |
|---|
| Bookstore | 112,500 | - |
|---|
| Other auxiliaries | 192,874 | 292,470 |
|---|
| Other operating revenues | 821,186 | 971,636 |
|---|
| Total operating revenues | 35,001,991 | 36,301,837 |
|---|
| EXPENSES | | |
|---|
| Operating expenses | | |
|---|
| Educational and general | | |
|---|
| Instruction | 8,633,085 | 10,531,784 |
|---|
| Research | 4,333,438 | 4,416,868 |
|---|
| Public service | 5,222,460 | 4,418,082 |
|---|
| Academic support | 2,466,030 | 2,820,739 |
|---|
| Student services | 5,323,931 | 5,101,661 |
|---|
| Institutional support | 7,658,172 | 7,981,309 |
|---|
| Operation and maintenance of plant | 4,458,414 | 4,579,236 |
|---|
| Student aid | 8,308,500 | 9,989,150 |
|---|
| Depreciation | 2,780,037 | 3,567,971 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls | 1,550,403 | 2,061,655 |
|---|
| Dining | 2,036,764 | 2,210,571 |
|---|
| Bookstore | - | 374,105 |
|---|
| Other auxiliaries | 777,639 | 59,724 |
|---|
| Depreciation | 226,876 | 257,149 |
|---|
| Total operating expenses | 53,775,749 | 58,370,004 |
|---|
| Operating income (loss) | (18,773,758) | (22,068,167) |
|---|