Kentucky State University Statement of Net Assets November 30, 2008 (Unaudited)

FY 2009
ASSETS
Current assets
Cash and cash equivalents16,955,741
Accounts, grants and loans receivable, net12,130,121
Investments1,297,222
Inventory and other current assets692,343
Total current assets31,075,427
Noncurrent assets
Accounts, grants and loans receivable, net1,180,799
Investments7,899,816
Capital assets, net79,703,998
Total noncurrent assets88,784,613
Total assets119,860,040
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities644,175
Accrued compensated absences1,483,609
Deferred revenue1,164,546
Deposits54,645
Other current liabilities211,019
Bonds and capital lease obligations1,455,739
Total current liabilities5,013,732
Noncurrent liabilities
Bonds and capital lease obligations12,896,695
Federal grants refundable700,037
Total noncurrent liabilities13,596,732
Total liabilities18,610,465
NET ASSETS
Invested in capital assets, net of related debt65,351,564
Restricted
Nonexpendable8,315,481
Expendable7,702,346
Unrestricted19,880,184
Total net assets101,249,575

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