KENTUCKY STATE UNIVERSITY

Statements of Net Position

June 30, 2015 and 2014

20152014
ASSETS
Current assets
Cash and cash equivalents$23,021,767$19,575,963
Accounts, grants and loans receivable, net3,565,5298,535,442
Inventory and other current assets144,476157,844
Total current assets26,731,77228,269,249
Noncurrent assets
Accounts, grants and loans receivable, net509,872241,030
Investments15,583,45815,303,098
Capital assets, net77,092,51780,661,020
Total noncurrent assets93,185,84796,205,148
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows - KERS1,953,418-
Deferred outflows - KTRS2,436,799-
Total deferred outflows4,390,217-
Total assets and deferred outflows124,307,836124,474,397
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities4,345,5843,402,242
Accrued compensated absences1,310,8151,557,350
Unearned revenue874,5491,299,328
Deposits167,442169,221
Other current liabilities276,53691,700
Long-term debt, current portion778,914753,065
Total current liabilities7,753,8407,272,906
Noncurrent liabilities
Net pension liability93,542,214-
Long-term debt, noncurrent portion5,866,2956,649,041
Federal grants refundable534,914534,914
Total noncurrent liabilities99,943,4237,183,955
DEFERRED INFLOWS OF RESOURCES
Deferred inflows - KERS367,000-
Deferred inflows - KTRS4,797,405-
Total deferred inflows5,164,405-
Total liabilities and deferred inflows112,861,66814,456,861
NET POSITION
Invested in capital assets, net of related debt70,447,30873,258,914
Restricted
Nonexpendable8,657,5068,657,506
Expendable3,358,7915,849,690
Unrestricted(71,017,437)22,251,426
Total net position$ 11,446,168$ 110,017,536

See accompanying notes.