KENTUCKY STATE UNIVERSITY STATEMENT OF NET POSITION June 30, 2021

ASSETS
Current assets:
Cash and cash equivalents$ 1,755,510
Accounts, grants, and loans receivable, net3,550,079
Total current assets5,305,589
Noncurrent assets:
Accounts, grants, and loans receivable, net760,784
Investments21,392,206
Capital assets, net95,129,553
Total noncurrent assets117,282,543
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows - pension12,101,203
Deferred outflows - OPEB4,040,241
Total deferred outflows of resources16,141,444
Total assets and deferred outflows of resources138,729,576
LIABILITIES
Current liabilities:
Accounts payable and accrued liabilities6,786,838
Due to state investment pool4,168,253
Accrued compensated absences1,381,427
Unearned revenue977,986
Line of credit5,000,000
Deposits and other current liabilities74,734
Accrued interest payable901,669
Long-term debt, current portion270,000
Total current liabilities19,560,907
Noncurrent liabilities:
Net pension liability70,310,517
Net OPEB liability12,621,927
Long-term debt, noncurrent portion17,408,568
Federal grants refundable603,461
Other noncurrent liabilities715,335
Total noncurrent liabilities101,659,808
DEFERRED INFLOWS OF RESOURCES
Deferred inflows - pension11,262,154
Deferred inflows - OPEB3,010,711
Total deferred inflows of resources14,272,865
Total liabilities and deferred inflows of resources135,493,580
NET POSITION (DEFICIT)
Net investment in capital assets77,450,985
Restricted:
Nonexpendable - endowment8,696,091
Expendable13,249,453
Unrestricted deficit(96,160,533)
Total net position (deficit)$ 3,235,996

See accompanying notes to financial statements.

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