KENTUCKY STATE UNIVERSITY STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION Year ended June 30, 2021
REVENUES
Operating revenues
Student tuition and fees, net$ 15,535,191
Federal grants and contracts22,796,016
State and local grants and contracts1,868,726
Other operating revenue1,061,566
Auxiliary enterprises:
Residence halls3,683,000
Dining3,707,889
Total operating revenues48,652,388
EXPENSES
Operating expenses
Educational and general
Instruction9,790,553
Research7,478,743
Public service7,622,391
Academic support502,378
Student services7,763,231
Institutional support21,943,175
Operation and maintenance of plant4,658,785
Student aid10,003,426
Depreciation3,863,292
Auxiliary enterprises
Residence halls563,040
Dining3,068,312
Bookstore1,315,422
Other auxiliaries937,179
Depreciation305,469
Total operating expenses79,815,396
OPERATING LOSS(31,163,008)
NONOPERATING REVENUES (EXPENSES)
State appropriations25,895,069
Federal grants and contracts5,440,604
Investment income, net4,754,598
Other nonoperating revenue86,869
Interest on capital assets - related debt(207,006)
Total nonoperating revenues35,970,134
Change in net position4,807,126
NET POSITION
Net position, beginning of year(1,571,130)
Net position, end of year$ 3,235,996
See accompanying notes to financial statements.
18.