Kentucky State University Statement of Cash Flows Period Ending August 31, 2012 and 2011 (Unaudited)
FY 2013FY 2012
Cash flows from operating activities
Tuition and fees(388,109)(1,812,711)
Grants and contracts5,612,800975,568
Payments to suppliers(8,396,366)(2,519,811)
Payments to employees(3,636,230)(4,158,613)
Loans issued to students(9,620)(144,937)
Collection of loans issued to students24,376162,005
Auxiliary enterprises:
Residence halls and dining2,957,7603,294,547
Bookstore25,000-
Other auxiliaries7,000-
Other receipts(174,123)484,513
Net cash from operating activities(3,977,512)(3,719,439)
Cash flows from noncapital financing activities
State appropriations7,061,2227,544,040
Federal Grants and Contracts--
Gifts for other than capital purposes2,00016,825
Student organization agency receipts94,271128,892
Student organization agency disbursements(73,544)(70,044)
Other receipts (payments)541,662-
Net cash from noncapital financing activities7,625,6117,619,713
Cash flows from capital financing activities
Capital appropriations--
Purchases of capital assets(353,834)(890,337)
Proceeds from capital debt--
Principal paid on capital debt--
Interest paid on capital debt(132,390)-
Net cash flows from capital financing activities(486,224)(890,337)
Cash flows from investing activities
Interest received on investments15,075(429,942)
Investment expenses(4,440)-
Proceeds from sale of investments710,634527,794
Purchases of investments(588,840)(684,061)
Net cash flows from investing activities132,429(586,209)
Net increase (decrease) in cash and cash equivalents3,294,3042,423,728
Cash and cash equivalents at beginning of year23,842,72129,623,196
Cash and cash equivalents at end of year27,137,02532,046,924