KENTUCKY STATE UNIVERSITY
Statements of Cash Flows
Years ended June 30, 2013 and 2012
| 2013 | 2012 |
|---|
| Cash flows from operating activities | | |
|---|
| Tuition and fees | $15,559,397 | $19,069,511 |
|---|
| Grants and contracts | 17,525,213 | 8,629,305 |
|---|
| Payments to suppliers | (20,782,828) | (19,210,632) |
|---|
| Payments to employees | (39,359,104) | (38,796,052) |
|---|
| Student financial aid | (8,254,844) | (10,068,725) |
|---|
| Loans issued to students | - | (241,777) |
|---|
| Collection of loans issued to students | 301,045 | 239,465 |
|---|
| Auxiliary enterprises: | | |
|---|
| Residence halls and dining | 5,611,564 | 6,539,431 |
|---|
| Bookstore | 152,500 | 152,500 |
|---|
| Other auxiliaries | 301,329 | 146,898 |
|---|
| Other receipts | 1,301,352 | 1,428,164 |
|---|
| Net cash from operating activities | (27,644,376) | (32,111,912) |
|---|
| Cash flows from non-capital financing activities | | |
|---|
| State appropriations | 23,537,402 | 24,660,001 |
|---|
| Federal grants and contracts | 5,922,954 | 7,373,490 |
|---|
| Gifts for other than capital purposes | - | 251,309 |
|---|
| Endowment gifts | 7,276 | 106,552 |
|---|
| Student organization agency receipts | 109,910 | 158,164 |
|---|
| Student organization agency disbursements | (70,045) | (73,545) |
|---|
| Other receipts (payments) | 583,269 | 337,867 |
|---|
| Net cash from non-capital financing activities | 30,090,766 | 32,813,838 |
|---|
| Cash flows from capital financing activities | | |
|---|
| Purchases of capital assets | (3,227,528) | (5,602,368) |
|---|
| Principal paid on capital debt | (496,634) | (767,783) |
|---|
| Interest paid on capital debt | (276,050) | (373,738) |
|---|
| Net cash from capital financing activities | (4,000,212) | (6,743,889) |
|---|
| Cash flows from investing activities | | |
|---|
| Investment income | 1,235,741 | 901,436 |
|---|
| Investment expenses | (84,908) | (51,707) |
|---|
| Proceeds from sale of investments | 5,932,168 | 3,977,271 |
|---|
| Purchases of investments | (8,263,916) | (4,565,512) |
|---|
| Net cash from investing activities | (1,180,915) | 261,488 |
|---|
| Net decrease in cash and cash equivalents | (2,734,737) | (5,780,475) |
|---|
| Cash and cash equivalents at beginning of year | 23,842,721 | 29,623,196 |
|---|
| Cash and cash equivalents at end of year | $21,107,984 | $23,842,721 |
|---|