Kentucky State University Statement of Net Assets August 31, 2012 and 2011 (Unaudited)

FY 2013FY 2012
ASSETS
Current assets
Cash and cash equivalents27,137,02532,046,924
Accounts, grants and loans receivable, net14,959,42820,894,191
Investments--
Inventory and other current assets869,220359,500
Total current assets42,965,67353,300,615
Noncurrent assets
Accounts, grants and loans receivable, net730,169739,635
Investments11,302,00110,178,132
Capital assets, net84,108,30482,802,298
Total noncurrent assets96,140,47493,720,065
Total assets139,106,147147,020,680
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities752,2572,347,712
Accrued compensated absences1,730,3701,871,982
Deferred revenue367,5932,381,737
Deposits141,71859,988
Other current liabilities142,967199,428
Bonds and capital lease obligations796,929764,247
Total current liabilities3,931,8347,625,094
Noncurrent liabilities
Bonds and capital lease obligations7,875,6898,676,154
Federal grants refundable991,709991,709
Total noncurrent liabilities8,867,3989,667,863
Total liabilities12,799,23217,292,957
NET ASSETS
Invested in capital assets, net of related debt83,545,51673,361,896
Restricted
Nonexpendable8,675,9218,401,352
Expendable4,321,6947,327,271
Unrestricted29,763,78240,637,204
Total net assets126,306,913129,727,723