Kentucky State University Statement of Net Assets March 31, 2011 (Unaudited)
FY 2011
ASSETS
Current assets
Cash and cash equivalents28,566,597
Accounts, grants and loans receivable, net9,945,211
Investments1,297,194
Inventory and other current assets986,376
Total current assets40,795,378
Noncurrent assets
Accounts, grants and loans receivable, net798,117
Investments10,054,582
Capital assets, net79,863,155
Total noncurrent assets90,715,854
Total assets131,511,232
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities3,002,417
Accrued compensated absences1,310,707
Deferred revenue1,452,369
Deposits59,117
Other current liabilities(320,106)
Bonds and capital lease obligations1,145,550
Total current liabilities6,650,054
Noncurrent liabilities
Bonds and capital lease obligations9,427,142
Federal grants refundable991,709
Total noncurrent liabilities10,418,851
Total liabilities17,068,905
NET ASSETS
Invested in capital assets, net of related debt69,290,463
Restricted
Nonexpendable9,229,220
Expendable6,849,918
Unrestricted29,072,726
Total net assets114,442,326
Finance and Business Affairs May 11, 2011