KENTUCKY STATE UNIVERSITY STATEMENT OF NET POSITION – PRIMARY INSTITUTION JUNE 30, 2023

ASSETS
Current Assets:
Cash and Cash Equivalents$ 2,054,180
Accounts Receivable, Net1,595,182
Prepaid Expenses, Current28,882
Grants Receivable, Net7,893,240
Total Current Assets11,571,484
Noncurrent Assets:
Restricted Cash and Cash Equivalents6,136,314
Investments20,238,450
Capital Assets Not Being Depreciated6,962,639
Capital Assets, Being Depreciated or Amortized Net138,680,115
Prepaid Expenses, Noncurrent832,237
Total Noncurrent Assets172,849,755
DEFERRED OUTFLOWS OF RESOURCES
Deferred Outflows - Pension9,395,875
Deferred Outflows - OPEB5,363,708
Total Deferred Outflows of Resources14,759,583
LIABILITIES
Current Liabilities:
Accounts Payable and Accrued Liabilities4,433,955
Accrued Compensated Absences993,650
Unearned Revenue1,811,559
Deposits and Other Current Liabilities372,520
Claims and Judgements Payable557,364
Accrued Interest Payable1,016,145
Lease Liability, Current Portion416,679
Subscription Liabilities, Current Portion1,065,215
Long-Term Debt, Current Portion1,823,234
Total Current Liabilities12,490,321
Noncurrent Liabilities:
Net Pension Liability55,568,936
Net OPEB Liability11,836,103
Accrued Compensated Absences790,470
Lease Liability86,582
Subscription Liability1,595,619
Long-Term Debt, Noncurrent Portion94,054,561
Federal Grants Refundable533,440
Total Noncurrent Liabilities164,465,711
DEFERRED INFLOWS OF RESOURCES
Deferred Inflows - Pension6,206,656
Deferred Inflows - OPEB4,326,557
Total Deferred Inflows of Resources10,533,213
NET POSITION
Net Investment in Capital Assets69,600,865
Restricted:
Nonexpendable - Endowment8,696,091
Expendable10,424,724
Unrestricted Deficit(77,030,103)
Total Net Position$ 11,691,577

See accompanying Notes to Financial Statements

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