Kentucky State University Statement of Net Assets February 29, 2012 (Unaudited)

FY 2012
ASSETS
Current assets
Cash and cash equivalents37,309,205
Accounts, grants and loans receivable, net12,486,432
Investments-
Inventory and other current assets981,593
Total current assets50,777,230
Noncurrent assets
Accounts, grants and loans receivable, net855,724
Investments10,814,578
Capital assets, net81,728,656
Total noncurrent assets93,398,958
Total assets144,176,188
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities1,955,850
Accrued compensated absences2,060,002
Deferred revenue1,804,371
Deposits62,698
Other current liabilities78,689
Bonds and capital lease obligations847,179
Total current liabilities6,808,789
Noncurrent liabilities
Bonds and capital lease obligations8,474,426
Federal grants refundable991,709
Total noncurrent liabilities9,466,135
Total liabilities16,274,924
NET ASSETS
Invested in capital assets, net of related debt72,407,051
Restricted
Nonexpendable9,863,774
Expendable11,908,946
Unrestricted33,721,492
Total net assets127,901,263