Kentucky State University Statement of Cash Flows Period Ending AUGUST 31, 2009 (Unaudited)
Reconciliation of net operating loss to net cash from operating activities
Operating loss10,253,141
Adjustments to reconcile operating income to net cash from operating activities:
Depreciation expense531,138
Loss on disposal of capital assets-
Changes in assets and liabilities:
Receivables, net(14,953,191)
Inventory and prepaid expenses(34,010)
Accounts payable and accrued liabilities(605,395)
Accrued compensated absences-
Other Liabilities(1,900)
Deferred revenue(181,884)
Net cash from operating activities(4,992,101)
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