2012
| Compensation & Benefits | Supplies & Services | Scholarships & Fellowships | Depreciation | Operations & Maintenance | Total | |
|---|---|---|---|---|---|---|
| Instruction | $ 13,054,252 | $ 1,322,344 | $ 5,001 | $ 644,000 | $ 804,395 | $ 15,829,992 |
| Research | 3,480,460 | 4,188,530 | - | 681,001 | 447,016 | 8,797,007 |
| Public service | 3,552,916 | 2,547,744 | 12,585 | 81,150 | 331,617 | 6,526,012 |
| Academic support | 2,450,151 | 1,835,938 | - | 403,533 | 251,059 | 4,940,681 |
| Student services | 4,423,096 | 3,012,705 | 29,106 | 489,589 | 425,844 | 8,380,340 |
| Institutional support | 7,214,811 | 5,450,453 | 75,391 | 1,187,787 | 805,456 | 14,733,898 |
| Operation & maintenance of plant | 2,061,642 | 1,235,920 | - | 641,547 | (3,939,109) | - |
| Auxiliary enterprises | 1,183,966 | 4,663,407 | 17,193 | 343,800 | 332,364 | 6,540,730 |
| Student financial aid | 573,460 | (404,051) | 9,929,449 | 13,372 | 541,358 | 10,653,588 |
| Total operating expense | $ 37,994,754 | $ 23,852,990 | $ 10,068,725 | $ 4,485,779 | $ - | $ 76,402,248 |
13. Kentucky State University Foundation, Inc.
Kentucky State University Foundation, Inc. (the Foundation) is a not-for-profit Kentucky corporation which was established to receive, invest and expend funds to promote and implement educational and developmental activities at Kentucky State University (the University). The Foundation is managed by a Board of Trustees independent from that of the University. The Foundation is supported primarily through contributions from alumni.
The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (GAAP) which require management to make estimates and assumptions that affect the reported amounts and disclosures in the financial statements. Actual results could differ