KENTUCKY STATE UNIVERSITY
Notes to the Financial Statements, continued
2. Cash, Cash Equivalents, and Investments, continued
As of June 30, 2012, the University had the following investments and maturities:
Investment Maturities (in years)
Investment TypeFair Value<11-56-1011-20
Bonds$ 1,982,885$ 405,000$ 770,000$ 387,885$ 420,000
Bond Mutual Funds1,397,341-1,397,341--
Money Market Funds736,937736,937---
Real Estate Funds391,442-391,442--
$ 4,508,605$ 1,141,937$2,558,783$ 387,885$ 420,000
Equities and Equity6,661,044
Mutual Funds$11,169,649
As of June 30, 2011, the University had the following investments and maturities:
Investment Maturities (in years)
Investment TypeFair Value<11-56-1011-20
Bonds$ 1,954,384$ 204,384$ 1,075,000$ 400,000$ 275,000
Bond Mutual Funds1,261,347-1,261,347--
Money Market Funds694,000694,000---
Real Estate Funds51,595-51,595--
$ 3,961,326$ 898,384$ 2,387,942$ 400,000$ 275,000
Equities and Equity6,620,082
Mutual Funds$ 10,581,408
The University has an investment management agreement with Fifth Third Bank (Fifth Third). Fifth Third serves individual and institutional clients.
Credit Risk
The University's average credit quality rating according to Moody's is Aa3.