KENTUCKY STATE UNIVERSITY

Notes to the Financial Statements, continued

4. Capital Assets, Net

Capital assets as of June 30, 2013, are summarized as follows:

Beginning BalanceAdditionsReductionsEnding Balance
Cost
Land and improvements$ 5,648,990$ 626,041$ -$ 6,275,031
Buildings153,206,0361,533,993-154,740,029
Equipment24,267,330973,646-25,240,976
Computer software1,433,62225,000-1,458,622
Library holdings9,780,929585,556-10,366,485
Transportation equipment4,153,384521,785-4,675,169
Construction in progress1,043,396724,8801,763,3734,903
199,533,6874,990,9011,763,373202,761,215
Accumulated depreciation
Buildings87,131,0712,420,440-89,551,511
Equipment14,796,2471,653,856-16,450,103
Library holdings9,217,036273,593-9,490,629
Transportation equipment3,920,175163,179-4,083,354
115,064,5294,511,068-119,575,597
Capital assets, net$ 84,469,158$ 479,833$ 1,763,373$ 83,185,618

Capital assets as of June 30, 2012, are summarized as follows:

Beginning BalanceAdditionsReductionsEnding Balance
Cost
Land and improvements$ 5,648,990$ -$ -$ 5,648,990
Buildings145,243,3487,462,688-152,706,036
Equipment22,785,1731,482,157-24,267,330
Computer software1,428,4935,129-1,433,622
Library holdings9,695,37185,558-9,780,929
Transportation equipment4,042,874110,510-4,153,384
Construction in progress5,087,0693,919,0147,462,6881,543,395
193,931,31813,065,0567,462,688199,533,686
Accumulated depreciation
Buildings84,854,5682,276,502-87,131,070
Equipment13,357,6481,438,599-14,796,247
Library holdings8,721,684495,352-9,217,036
Transportation equipment3,644,849275,326-3,920,175
110,578,7494,485,779-115,064,528
Capital assets, net$ 83,352,569$ 8,579,277$ 7,462,688$ 84,469,158