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Blue & Co., LLC / 250 West Main Street, Suite 2900 / Lexington, KY 40507 main 859.253.1100 fax 859.253.1384 email blue@blueandco.com
To the Members of the Board of Regents Kentucky State University Frankfort, Kentucky
Secretary of Finance and Administration Cabinet of the Commonwealth of Kentucky
Report on the Audit of Financial Statements
We have audited the accompanying financial statements of the business-type activities and discretely presented component unit of Kentucky State University (the University), a component unit of the Commonwealth of Kentucky, as of and for the year ending June 30, 2022, and the related notes to the financial statements, which comprise the University's basic financial statements as listed in the table of contents.
In our opinion, based on our audit and the report of other auditors, the financial statements referred to above present fairly, in all material respects, the respective financial position of the business-type activities and the aggregate discretely presented component unit of the University as of June 30, 2022, and the respective changes in financial position, and, where applicable, cash flows thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.
We did not audit the financial statements of Kentucky State University Foundation, Inc., which represents the entire discretely presented component unit of the University. Those financial statements were audited by other auditors whose report thereon has been furnished to us, and our opinion, insofar as it relates to the amounts included for Kentucky State University Foundation, Inc., is based solely on the report of the other auditors.
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