Kentucky State University
Statement of Revenues, Expenses and Changes in Net Assets (By Function)
Period Ending March 31, 2013
(Unaudited)
| NONOPERATING REVENUES (EXPENSES) | | |
|---|
| State appropriations | 18,826,621 | 20,253,656 |
|---|
| Federal Grants and Contracts | 5,777,947 | 7,480,286 |
|---|
| Gifts | 819 | 244,243 |
|---|
| Investment income (net of investment expense) | 957,040 | 644,019 |
|---|
| Interest on capital asset-related debt | (178,813) | - |
|---|
| Other nonoperating revenues (expenses) | 960,751 | 1,107,979 |
|---|
| Net nonoperating revenues | 26,344,365 | 29,730,182 |
|---|
| Income (loss) before other revenues, expenses, gains or losses | 7,570,607 | 7,662,016 |
|---|
| Endowment Gifts | 7,276 | 106,552 |
|---|
| Capital appropriations | - | - |
|---|
| Increase (decrease) in net assets | 7,577,881 | 7,768,568 |
|---|
| Net assets, beginning of year | 117,091,491 | 115,955,740 |
|---|
| Net assets, end of year | 124,669,374 | 123,724,308 |
|---|