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

FY May 2013FY June 2012
ASSETS
Current assets
Cash and cash equivalents26,170,91323,842,721
Accounts, grants and loans receivable, net14,893,77313,941,173
Investments--
Inventory and other current assets118,975511,899
Total current assets41,183,66038,295,793
Noncurrent assets
Accounts, grants and loans receivable, net458,019744,925
Investments13,803,65211,169,649
Capital assets, net82,592,74484,512,241
Total noncurrent assets96,854,41596,426,815
Total assets138,038,075134,722,608
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities1,120,6483,781,912
Accrued compensated absences1,950,7951,730,370
Deferred revenue1,329,9362,211,334
Deposits203,114120,991
Other current liabilities47,873122,183
Bonds and capital lease obligations801,227796,929
Total current liabilities5,453,5938,763,719
Noncurrent liabilities
Bonds and capital lease obligations7,277,5207,875,689
Federal grants refundable991,709991,709
Total noncurrent liabilities8,269,2298,867,398
Total liabilities13,722,82217,631,117
NET ASSETS
Invested in capital assets, net of related debt74,513,99775,839,623
Restricted
Nonexpendable12,340,2788,657,506
Expendable11,711,0166,668,365
Unrestricted25,749,96225,925,997
Total net assets124,315,253117,091,491