Kentucky State University Statement of Revenues, Expenses and Changes in Net Assets (By Function) Period Ending March 31, 2011 (Unaudited)

FY 2011
REVENUES
Operating Revenues
Student tuition and fees (gross)22,315,576
Less: Scholarship allowances(4,488,908)
Student tuition and fees (net of scholarships)17,826,668
Federal grants and contracts4,278,894
Federal appropriations2,387,313
State and local grants and contracts367,402
Nongovernmental grants and contracts43,821
Auxiliary enterprises
Residence halls3,310,045
Dining3,037,377
Bookstore100,000
Other auxiliaries69,541
Other operating revenues651,952
Total operating revenues32,073,013
EXPENSES
Operating expenses
Educational and general
Instruction9,161,876
Research3,426,495
Public service4,891,668
Academic support2,837,692
Student services4,502,776
Institutional support7,416,779
Operation and maintenance of plant4,136,606
Student aid10,449,468
Depreciation2,517,000
Auxiliary enterprises
Residence halls857,661
Dining1,436,033
Bookstore-
Other auxiliaries326,500
Depreciation118,497
Total operating expenses52,079,051
Operating income (loss)(20,006,038)

Finance and Business Affairs May 11, 2011