KENTUCKY STATE UNIVERSITY
Statements of Revenues, Expenses and Changes in Net Assets, continued
Years ended June 30, 2012 and 2011
| 2012 | 2011 |
|---|
| NONOPERATING REVENUES (EXPENSES) | | |
|---|
| State appropriations | $ 24,660,001 | $ 25,363,422 |
|---|
| Federal grants and contracts | 7,373,490 | 7,062,876 |
|---|
| Gifts | 251,309 | 969,703 |
|---|
| Investment income (net of investment expense) | 849,729 | 1,789,055 |
|---|
| Interest on capital asset-related debt | (373,738) | (429,253) |
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| Other non-operating revenues (expenses) | 447,119 | (46,632) |
|---|
| Endowment gifts | 106,552 | - |
|---|
| Net nonoperating revenues | 33,314,462 | 34,709,171 |
|---|
| Increase in net assets | 1,112,276 | 10,582,987 |
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| Net assets, beginning of year | 115,979,215 | 105,396,228 |
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| Net assets, end of year | $ 117,091,491 | $ 115,979,215 |
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