KENTUCKY STATE UNIVERSITY
Statements of Cash Flows
Years ended June 30, 2012 and 2011
| 2012 | 2011 |
|---|
| Cash flows from operating activities | | |
|---|
| Tuition and fees | $ 18,669,508 | $ 17,013,052 |
|---|
| Grants and contracts | 11,096,565 | 18,371,985 |
|---|
| Payments to suppliers | (21,787,788) | (17,398,053) |
|---|
| Payments to employees | (38,395,403) | (36,041,598) |
|---|
| Student financial aid | (10,068,725) | (10,090,455) |
|---|
| Loans issued to students | (241,777) | (127,276) |
|---|
| Collection of loans issued to students | 239,465 | 141,366 |
|---|
| Auxiliary enterprises: | | |
|---|
| Residence halls and dining | 6,539,431 | 6,343,889 |
|---|
| Bookstore | 152,500 | 164,725 |
|---|
| Other auxiliaries | 146,898 | 110,090 |
|---|
| Other receipts | 1,428,163 | 856,779 |
|---|
| Net cash from operating activities | (32,221,163) | (20,655,496) |
|---|
| Cash flows from non-capital financing activities | | |
|---|
| State appropriations | 24,660,001 | 25,363,422 |
|---|
| Federal grants and contracts | 7,373,490 | 7,062,876 |
|---|
| Gifts for other than capital purposes | 251,309 | 969,703 |
|---|
| Endowment gifts | 106,552 | - |
|---|
| Student organization agency receipts | 158,164 | 23,225 |
|---|
| Student organization agency disbursements | (73,545) | (39,096) |
|---|
| Other receipts (payments) | 447,119 | (30,761) |
|---|
| Net cash from non-capital financing activities | 32,923,090 | 33,349,369 |
|---|
| Cash flows from capital financing activities | | |
|---|
| Purchases of capital assets | (5,602,369) | (5,245,486) |
|---|
| Principal paid on capital debt | (767,783) | (1,701,209) |
|---|
| Interest paid on capital debt | (373,738) | (429,253) |
|---|
| Net cash from capital financing activities | (6,743,890) | (7,375,948) |
|---|
| Cash flows from investing activities | | |
|---|
| Investment income | 901,436 | 1,835,922 |
|---|
| Investment expenses | (51,707) | (46,867) |
|---|
| Proceeds from sale of investments | 3,977,271 | 1,988,570 |
|---|
| Purchases of investments | (4,565,512) | (2,444,779) |
|---|
| Net cash from investing activities | 261,488 | 1,332,846 |
|---|
| Net (decrease) increase in cash and cash equivalents | (5,780,475) | 6,650,771 |
|---|
| Cash and cash equivalents at beginning of year | 29,623,196 | 22,972,425 |
|---|
| Cash and cash equivalents at end of year | $ 23,842,721 | $ 29,623,196 |
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