Kentucky State University Statement of Net Assets March 31, 2013 (Unaudited)

FY 2013FY 2012
ASSETS
Current assets
Cash and cash equivalents26,268,64631,951,176
Accounts, grants and loans receivable, net15,097,76115,354,502
Investments--
Inventory and other current assets125,97789,280
Total current assets41,492,38447,394,958
Noncurrent assets
Accounts, grants and loans receivable, net678,714794,226
Investments13,349,96011,252,023
Capital assets, net83,559,11081,161,556
Total noncurrent assets97,587,78493,207,805
Total assets139,080,168140,602,763
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities1,593,3442,535,283
Accrued compensated absences1,728,5582,081,660
Deferred revenue1,380,3321,777,290
Deposits126,640112,913
Other current liabilities203,067140,748
Bonds and capital lease obligations1,109,623764,247
Total current liabilities6,141,5647,412,141
Noncurrent liabilities
Bonds and capital lease obligations7,277,5208,474,426
Federal grants refundable991,709991,709
Total noncurrent liabilities8,269,2299,466,135
Total liabilities14,410,79316,878,276
NET ASSETS
Invested in capital assets, net of related debt75,171,96771,922,883
Restricted
Nonexpendable12,100,95711,253,589
Expendable8,278,0516,492,019
Unrestricted29,118,40034,055,996
Total net assets124,669,375123,724,487