KENTUCKY STATE UNIVERSITY STATEMENT OF NET POSITION – PRIMARY INSTITUTION JUNE 30, 2024

ASSETS

Current Assets:
Cash and Cash Equivalents$3,171,778
Accounts Receivable, Net2,790,226
Prepaid Expenses, Current235,606
Grants Receivable, Net9,786,003
Total Current Assets15,983,613
Noncurrent Assets:
Restricted Cash and Cash Equivalents27,782,146
Investments22,486,513
Capital Assets Not Being Depreciated10,032,951
Capital Assets, Being Depreciated or Amortized, Net132,811,087
Net OPEB Asset176,652
Prepaid Expenses, Noncurrent806,305
Total Noncurrent Assets194,095,654
DEFERRED OUTFLOWS OF RESOURCES
Related to Pension6,692,542
Related to OPEB3,571,021
Total Deferred Outflows of Resources10,263,563
LIABILITIES
Current Liabilities:
Accounts Payable and Accrued Liabilities5,430,964
Accrued Compensated Absences721,127
Unearned Revenue14,033,884
Deposits and Other Current Liabilities300,983
Claims and Judgements Payable243,109
Accrued Interest Payable761,166
Lease Liability, Current Portion80,851
Subscription Liability, Current Portion1,349,651
Long-Term Debt, Current Portion2,713,348
Total Current Liabilities25,635,083
Noncurrent Liabilities:
Net Pension Liability51,896,439
Net OPEB Liability6,004,939
Accrued Compensated Absences720,727
Lease Liability5,731
Subscription Liability786,482
Long-Term Debt, Noncurrent Portion91,180,970
Federal Grants Refundable513,545
Total Noncurrent Liabilities151,108,833
DEFERRED INFLOWS OF RESOURCES
Related to Pension4,476,146
Related to OPEB6,809,672
Total Deferred Inflows of Resources11,285,818
NET POSITION
Net Investment in Capital Assets69,304,432
Restricted:
Nonexpendable - Endowment8,733,091
Expendable13,276,754
Unrestricted Deficit(59,001,181)
Total Net Position$32,313,096

See accompanying Notes to Financial Statements

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