Kentucky State University Statement of Net Assets AUGUST 31, 2009 (Unaudited)

FY 2010
ASSETS
Current assets
Cash and cash equivalents20,425,220
Accounts, grants and loans receivable, net21,726,960
Investments1,297,194
Inventory and other current assets332,646
Total current assets43,782,020
Noncurrent assets
Accounts, grants and loans receivable, net868,884
Investments8,421,161
Capital assets, net78,927,600
Total noncurrent assets89,840,171
Total assets131,999,666
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities1,511,568
Accrued compensated absences1,513,381
Deferred revenue1,551,425
Deposits36,103
Other current liabilities374,305
Bonds and capital lease obligations1,730,445
Total current liabilities6,717,227
Noncurrent liabilities
Bonds and capital lease obligations11,141,609
Federal grants refundable1,190,373
Total noncurrent liabilities12,331,982
Total liabilities19,049,209
NET ASSETS
Invested in capital assets, net of related debt66,055,546
Restricted
Nonexpendable8,509,933
Expendable6,188,716
Unrestricted32,196,261
Total net assets112,950,456

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