Kentucky State University Statement of Net Assets February 28, 2009 (Unaudited)

FY 2009
ASSETS
Current assets
Cash and cash equivalents25,072,477
Accounts, grants and loans receivable, net9,231,722
Investments1,297,553
Inventory and other current assets734,302
Total current assets36,336,054
Noncurrent assets
Accounts, grants and loans receivable, net1,280,602
Investments7,519,969
Capital assets, net80,330,791
Total noncurrent assets89,131,362
Total assets125,467,416
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities1,706,419
Accrued compensated absences1,478,134
Deferred revenue965,059
Deposits55,118
Other current liabilities182,876
Bonds and capital lease obligations1,415,180
Total current liabilities5,802,786
Noncurrent liabilities
Bonds and capital lease obligations12,896,695
Federal grants refundable704,346
Total noncurrent liabilities13,601,041
Total liabilities19,403,827
NET ASSETS
Invested in capital assets, net of related debt65,732,886
Restricted
Nonexpendable8,153,862
Expendable8,014,610
Unrestricted24,162,231
Total net assets106,063,589

18