| Beginning Balance | Additions | Reductions/ Transfers | Ending Balance | |
|---|---|---|---|---|
| Cost | ||||
| ROU assets | $ 611,871 | $ -0- | $ -0- | $ 611,871 |
| Accumulated ammortization | ||||
| ROU assets | -0- | 209,064 | -0- | 209,064 |
| ROU assets, net | $ 611,871 | $ (209,064) | $ -0- | $ 402,807 |
Unearned revenue consists of grants in the amount of $2,400,324 as of June 30, 2022.
It is the University's policy to permit employees to accumulate earned but unused annual leave, compensatory leave, and sick pay benefits. The policy of the Commonwealth of Kentucky is to only record the cost of annual and compensatory leave.
Annual leave is accumulated at amounts ranging from 10.00 to 16.72 hours per month, determined by length of service, with maximum accumulations ranging from 35 to 40 days. The calendar year is the period used for determining accumulated leave. Compensatory leave is granted to authorized employees.
Activity in the liability for accrued compensated absences during the year ended June 30, 2022, is summarized as follows:
| Balance | Balance | |||
| July 01, 2021 | Increases | Decreases | June 30, 2022 | |
|---|---|---|---|---|
| $ 1,381,427 | $ 1,536,706 | $ 824,778 | $ 2,093,355 | |
Accrued compensated absences
As of June 30, 2022, the amount estimated to be due within one-year totals approximately $698,000.
40.