KENTUCKY STATE UNIVERSITY

Notes to the Financial Statements, continued

4. Capital Assets, Net

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

Beginning BalanceAdditionsReductionsEnding Balance
Cost
Land and improvements$ 5,648,990$ -$ -$ 5,648,990
Buildings145,243,3487,352,059-152,595,407
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 progress5,087,0693,919,0157,352,0591,654,025
193,931,31812,954,4287,352,059199,533,687
Accumulated depreciation
Buildings84,830,6102,257,378-87,087,988
Equipment13,357,6481,438,599-14,796,247
Library holdings8,721,684495,352-9,217,036
Transportation equipment3,644,849275,326-3,920,175
110,554,7914,466,655-115,021,446
Capital assets, net$ 83,376,527$ 8,487,773$ 7,352,059$ 84,512,241

Capital assets as of June 30, 2011, are summarized as follows:

Beginning BalanceAdditionsReductionsEnding Balance
Cost
Land and improvements$ 5,648,990$ -$ -$ 5,648,990
Buildings141,992,3513,250,997-145,243,348
Equipment22,544,322370,176129,32522,785,173
Computer software1,428,493--1,428,493
Library holdings9,696,93056,24957,8089,695,371
Transportation equipment4,030,85812,016-4,042,874
Construction in progress3,343,8885,107,3913,364,2105,087,069
188,685,8328,796,8293,551,343193,931,318
Accumulated depreciation
Buildings82,165,7842,664,826-84,830,610
Equipment12,087,4811,270,167-13,357,648
Library holdings8,129,165592,519-8,721,684
Transportation equipment3,330,440314,409-3,644,849
105,712,8704,841,921-110,554,791
Capital assets, net$ 82,972,962$ 3,954,908$ 3,551,343$ 83,376,527