KENTUCKY STATE UNIVERSITY

Statements of Revenues, Expenses and Changes in Net Assets

Years ended June 30, 2011 and 2010

20112010
REVENUES
Operating revenues
Student tuition and fees (net of scholarship allowances of $4,902,590 and $4,471,761)$ 18,200,942$ 16,512,333
Federal grants and contracts11,755,16812,333,136
Federal appropriations5,042,6526,507,463
State and local grants and contracts2,311,7442,210,849
Nongovernmental grants and contracts-45,798
Auxiliary enterprises:
Residence halls3,327,1513,369,793
Dining3,016,7383,147,196
Bookstore164,725172,205
Other auxiliaries110,09056,352
Other operating revenues1,103,6691,006,390
Total operating revenues45,032,87945,361,515
EXPENSES
Operating expenses
Educational and general
Instruction14,090,47213,787,801
Research4,819,5465,094,538
Public service5,456,0454,619,045
Academic support4,031,5873,346,109
Student services6,517,4426,144,373
Institutional support10,764,71210,359,981
Operation and maintenance of plant3,428,8564,740,605
Student aid10,302,7619,519,263
Depreciation4,235,6584,261,837
Auxiliary enterprises
Residence halls1,668,8801,886,543
Dining2,809,7222,981,547
Other auxiliaries427,119243,359
Depreciation606,263652,595
Total operating expenses69,159,06367,637,596
Operating loss(24,126,184)(22,276,081)