KENTUCKY STATE UNIVERSITY

STATEMENT OF NET POSITION JUNE 30, 2022

Current assets:
Cash and cash equivalents$9,549,888
Accounts receivable, net216,925
Prepaid expenses, current25,932
Grants receivable, net2,947,804
Total current assets12,740,549
Noncurrent assets:
Restricted cash and cash equivalents22,241,572
Investments18,822,047
Right-of-use assets, net402,807
Capital assets, net126,850,668
Prepaid expenses, noncurrent858,169
Net OPEB asset11,750
Total noncurrent assets169,187,013
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows - pension10,356,154
Deferred outflows - OPEB3,511,407
Total deferred outflows of resources13,867,561
Total assets and deferred outflows of resources195,795,123
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities3,952,472
Accrued compensated absences697,893
Unearned revenue2,400,324
Deposits and other current liabilities68,801
Claims and judgements payable200,000
Accrued interest payable358,063
Lease liability186,074
Long-term debt, current portion1,313,572
Total current liabilities9,177,199

See accompanying notes to financial statements.

19.