KENTUCKY STATE UNIVERSITY
Statements of Revenues, Expenses and Changes in Net Assets, Continued
Years ended June 30, 2011 and 2010
| 2011 | 2010 |
|---|
| NONOPERATING REVENUES (EXPENSES) | | |
|---|
| State appropriations | $ 25,363,422 | $ 24,630,377 |
|---|
| Federal grants and contracts | 7,062,876 | 6,556,989 |
|---|
| Gifts | 969,703 | 613,057 |
|---|
| Investment income (net of investment expense) | 1,789,055 | 1,158,756 |
|---|
| Interest on capital asset-related debt | (429,253) | (483,085) |
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| Other nonoperating revenues (expenses) | (46,632) | (697,500) |
|---|
| Net nonoperating revenues | 34,709,171 | 31,778,594 |
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| Income before capital appropriations | 10,582,987 | 9,502,513 |
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| Capital appropriations | - | 1,760,427 |
|---|
| Increase in net assets | 10,582,987 | 11,262,940 |
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| Net assets, beginning of year | 105,396,228 | 94,133,288 |
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| Net assets, end of year | $ 115,979,215 | $ 105,396,228 |
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