KENTUCKY STATE UNIVERSITY STATEMENT OF CASH FLOWS Year ended June 30, 2021

RECONCILIATION OF NET OPERATING LOSS TO NET CASH USED FOR OPERATING ACTIVITIES:

Operating Loss$ (31,163,008)
Adjustments to reconcile operating loss to net cash used for operating activities:
Depreciation expense4,168,764
Bad debt expense2,850,993
Changes in assets and liabilities:
Receivables, net(3,467,075)
Accounts payable and accrued liabilities(3,911,240)
Other noncurrent liabilities229,456
Due to State investment pool4,168,253
Compensated absences(957,088)
Unearned revenue(31,477)
Federal grants refundable77,703
Deposits(121,153)
Deferred outflows - pension3,083,114
Deferred outflows - OPEB(630,446)
Deferred inflows - pension(13,028,480)
Deferred inflows - OPEB235,496
Net pension liability5,683,254
Net OPEB liability965,754
Net cash used for operating activities$ (31,847,180)

See accompanying notes to financial statements.

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