KENTUCKY STATE UNIVERSITY

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION (CONTINUED) YEAR ENDED JUNE 30, 2022

NONOPERATING REVENUES (EXPENSES)
State appropriations27,885,600
Federal grants and contracts5,452,298
Investment income, net(2,876,235)
Other nonoperating revenue35,275
Certificates of participation issuance costs(1,116,658)
Interest on capital assets - related debt(1,879,136)
Total nonoperating revenues27,501,144
Income before other revenues and expenses149,941
Capital grants155,200
Change in net position305,141
NET POSITION
Net position, beginning of year3,235,996
Net position, end of year$ 3,541,137

See accompanying notes to financial statements.

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