Kentucky State University Statement of Revenues, Expenses and Changes in Net Assets (By Function) Period Ending May 31, 2013 (Unaudited)
| FY May 2013 | FY June 2012 | |
|---|---|---|
| REVENUES | ||
| Operating Revenues | ||
| Student tuition and fees (gross) | 21,554,464 | 23,476,538 |
| Less: Scholarship allowances | (4,254,798) | (4,533,476) |
| Student tuition and fees (net of scholarships) | 17,299,666 | 18,943,062 |
| Federal grants and contracts | 8,028,365 | 10,720,989 |
| Federal appropriations | 6,089,063 | 3,796,394 |
| State and local grants and contracts | 1,262,581 | 1,547,004 |
| Auxiliary enterprises | ||
| Residence halls | 2,775,211 | 3,278,362 |
| Dining | 2,786,133 | 3,261,069 |
| Bookstore | 140,000 | 152,500 |
| Other auxiliaries | 239,364 | 146,898 |
| Other operating revenues | 1,044,497 | 1,653,909 |
| Total operating revenues | 39,664,881 | 43,500,187 |
| EXPENSES | ||
| Operating expenses | ||
| Educational and general | ||
| Instruction | 11,072,146 | 14,381,597 |
| Research | 5,259,171 | 7,668,990 |
| Public service | 6,351,878 | 6,113,245 |
| Academic support | 3,081,026 | 4,286,089 |
| Student services | 6,583,022 | 7,464,907 |
| Institutional support | 9,153,415 | 12,059,904 |
| Operation and maintenance of plant | 5,423,426 | 3,297,562 |
| Student aid | 8,666,019 | 3,297,562 |
| Depreciation | 3,827,630 | 4,122,855 |
| Auxiliary enterprises | ||
| Residence halls | 1,776,749 | 2,426,878 |
| Dining | 2,464,980 | 2,896,641 |
| Bookstore | - | - |
| Other auxiliaries | 921,271 | 541,047 |
| Depreciation | 309,442 | 343,800 |
| Total operating expenses | 64,890,177 | 75,702,373 |
| Operating income (loss) | (25,225,296) | (32,202,186) |