KENTUCKY STATE UNIVERSITY
Statements of Revenues, Expenses and Changes in Net Position
Years ended June 30, 2015 and 2014
| 2015 | 2014 |
|---|
| REVENUES | | |
|---|
| Operating revenues | | |
|---|
| Student tuition and fees (net of scholarship allowances of $5,431,851 and $4,895,742) | $11,517,008 | $16,472,026 |
|---|
| Federal grants and contracts | 7,955,755 | 5,935,012 |
|---|
| Federal appropriations | 6,665,512 | 6,722,332 |
|---|
| State and local grants and contracts | 2,146,240 | 2,289,810 |
|---|
| Auxiliary enterprises: | | |
|---|
| Residence halls | 2,478,446 | 3,161,664 |
|---|
| Dining | 2,229,515 | 2,877,787 |
|---|
| Bookstore | 85,922 | 75,000 |
|---|
| Other auxiliaries | 32,154 | 80,973 |
|---|
| Other operating revenues | 1,741,780 | 1,096,045 |
|---|
| Total operating revenues | 34,852,332 | 38,710,649 |
|---|
| EXPENSES | | |
|---|
| Operating expenses | | |
|---|
| Educational and general | | |
|---|
| Instruction | 12,125,446 | 12,765,912 |
|---|
| Research | 6,017,057 | 5,508,361 |
|---|
| Public service | 7,638,360 | 7,780,834 |
|---|
| Academic support | 3,020,699 | 2,438,777 |
|---|
| Student services | 6,315,386 | 7,279,017 |
|---|
| Institutional support | 11,458,791 | 13,882,639 |
|---|
| Operation and maintenance of plant | 5,229,721 | 4,680,295 |
|---|
| Student aid | 7,612,000 | 9,222,531 |
|---|
| Depreciation | 4,136,061 | 4,132,690 |
|---|
| Auxiliary enterprises | | |
|---|
| Residence halls | 2,043,210 | 2,321,813 |
|---|
| Dining | 1,929,366 | 2,655,019 |
|---|
| Other auxiliaries | 685,719 | 686,439 |
|---|
| Depreciation | 324,161 | 327,251 |
|---|
| Total operating expenses | 68,535,977 | 73,681,578 |
|---|
| Operating loss | (33,683,645) | (34,970,929) |
|---|