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KENTUCKY STATE UNIVERSITY Schedule of Findings and Questioned Costs, continued Year ended June 30, 2013

Section I - Summary of Auditors' Results (under Section .505(d)(1) of OMB Circular A-133):

Financial Statements:

• a.The type of report issued on the financial statements: Unmodified Opinion
• b.Internal control over financial reporting:
• Material weaknesses in internal control over financial reporting: Yes Significant deficiencies identified that are not considered to be material weaknesses: Yes
• c.Noncompliance which is material to the financial statements: No

Federal Award:

• d.Internal control over financial reporting:
• Material weaknesses in internal control over major programs: No Significant deficiencies identified that are not considered to be material weaknesses: Yes
• e.The type of report issued on compliance for major programs: Unmodified opinion
• f.Any audit findings which are required to be reported under Section .510(a) of OMB Circular A-133: Yes
• g.Major programs:
• Student Financial Aid - Cluster
• Federal Supplemental Educational Opportunity Grants Program, CFDA 84.007 Federal Work-Study Program, CFDA 84.033 Federal Perkins Loan Program, CFDA 84.038 Federal Pell Grant Program, CFDA 84.063 Federal Direct Student Loans Program, CFDA 84.268 Academic Competitiveness Grant, CFDA 84.375 National Science and Mathematics Access to Retain Talent Grant, CFDA 84.376 Teacher Education Assistance for College and Higher Education Grant, CFDA 84.377 HBCU – Grad, CFDA 84.382G Title III Strengthening All Black Colleges and University Program, CFDA 84.031B Food Safety in Changing Economy, CFDA 10.443 Farm Production Marketing Farm Energy, CFDA 10.443 2501 Vegetables, CFDA 10.443
• 2501 Vegetables, CFDA 10.443
• Section I - Summary of Auditors' Results (under Section .505(d)(1) of OMB Circular A-133), continued:
• h.Dollar threshold used to distinguish between Type A and Type B programs: $421,836
• i.Auditee qualified as a low-risk auditee: Yes