KENTUCKY STATE UNIVERSITY STATEMENT OF REVENUES, EXPENSES, AND CHANGES IN NET POSITION – PRIMARY INSTITUTION YEAR ENDED JUNE 30. 2024
OPERATING REVENUES
Operating Revenues
Student Tuition and Fees, Net of Scholarship$ 7,772,530
Allowance of $11,278,82626,271,501
Federal Grants and Contracts6,431,067
State, Local and Other Grants and Contracts1,765,269
Other Operating Revenue
Auxiliary Enterprises:
Residence Halls6,064,958
Dining3,403,680
Other Auxiliaries435,906
Total Operating Revenues52,144,911
OPERATING EXPENSES
Instruction11,363,767
Research15,773,416
Public Service13,018,910
Academic Support911,037
Student Services7,955,993
Institutional Support21,939,144
Student Aid2,700,395
Auxiliary Enterprises3,378,074
Total Operating Expenses77,040,736
OPERATING LOSS(24,895,825)
NONOPERATING REVENUES (EXPENSES)
State Appropriations28,468,739
Federal Grants and Contracts8,079,784
Investment Income, Net2,285,500
Interest on Capital Assets - Related Debt(2,356,242)
Loss on Disposal of Fixed Asset(146,182)
Total Nonoperating Revenues (Expenses)36,331,599
INCOME BEFORE OTHER REVENUES AND EXPENSES11,435,774
CAPITAL GRANTS9,185,745
CHANGE IN NET POSITION20,621,519
Net Position - Beginning of Year11,691,577
NET POSITION - END OF YEAR$ 32,313,096
See accompanying Notes to Financial Statements
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