Kentucky State University
Statement of Net Assets
February 29, 2012
(Unaudited)
| FY 2012 |
|---|
| ASSETS | |
|---|
| Current assets | |
|---|
| Cash and cash equivalents | 37,309,205 |
|---|
| Accounts, grants and loans receivable, net | 12,486,432 |
|---|
| Investments | - |
|---|
| Inventory and other current assets | 981,593 |
|---|
| Total current assets | 50,777,230 |
|---|
| Noncurrent assets | |
|---|
| Accounts, grants and loans receivable, net | 855,724 |
|---|
| Investments | 10,814,578 |
|---|
| Capital assets, net | 81,728,656 |
|---|
| Total noncurrent assets | 93,398,958 |
|---|
| Total assets | 144,176,188 |
|---|
| LIABILITIES | |
|---|
| Current liabilities | |
|---|
| Accounts payable and accrued liabilities | 1,955,850 |
|---|
| Accrued compensated absences | 2,060,002 |
|---|
| Deferred revenue | 1,804,371 |
|---|
| Deposits | 62,698 |
|---|
| Other current liabilities | 78,689 |
|---|
| Bonds and capital lease obligations | 847,179 |
|---|
| Total current liabilities | 6,808,789 |
|---|
| Noncurrent liabilities | |
|---|
| Bonds and capital lease obligations | 8,474,426 |
|---|
| Federal grants refundable | 991,709 |
|---|
| Total noncurrent liabilities | 9,466,135 |
|---|
| Total liabilities | 16,274,924 |
|---|
| NET ASSETS | |
|---|
| Invested in capital assets, net of related debt | 72,407,051 |
|---|
| Restricted | |
|---|
| Nonexpendable | 9,863,774 |
|---|
| Expendable | 11,908,946 |
|---|
| Unrestricted | 33,721,492 |
|---|
| Total net assets | 127,901,263 |
|---|