KENTUCKY STATE UNIVERSITY MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED) JUNE 30, 2023 (UNAUDITED)

The following chart presents a two-year comparison of primary mission expense:

FY 2023 and FY 2022 Comparison Primary Mission Expense (in thousands)

The chart below presents the University's primary mission expense (without depreciation and operating and maintenance expense allocations) as a percentage of total operating expense for the year ended June 30, 2023:

Fiscal Year 2023 Primary Mission Expense (without depreciation and O&M) as a % of Total Operating Expense

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