KENTUCKY STATE UNIVERSITY STATEMENT OF NET POSITION June 30, 2018

ASSETS
Current assets
Cash and cash equivalents$ 13,989,186
Accounts, grants and loans receivable, net5,087,765
Total current assets19,076,951
Noncurrent assets
Accounts, grants and loans receivable, net235,240
Investments17,734,544
Capital assets, net76,917,768
Total noncurrent assets94,887,552
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows – pension12,978,170
Deferred outflows – other postemployment benefits1,510,794
Total deferred outflows14,488,964
Total assets and deferred outflows of resources128,453,467
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities4,352,329
Accrued compensated absences1,638,427
Unearned revenue161,199
Deposits and other current liabilities120,966
Long-term debt, current portion834,386
Total current liabilities7,107,307
Non-current liabilities
Net pension liability73,393,612
Net OPEB liability12,061,267
Long-term debt, non-current portion3,423,306
Federal grants refundable596,898
Total noncurrent liabilities89,475,083
DEFERRED INFLOWS OF RESOURCES
Deferred inflows – pension30,589,458
Deferred inflows – other postemployment benefits204,097
Total deferred inflows30,793,555
Total liabilities and deferred inflows of resources127,375,945
NET POSITION
Invested in capital assets, net of related debt72,660,076
Restricted
Nonexpendable - endowment3,562,238
Expendable5,388,621
Unrestricted(80,533,413)
Total net position$ 1,077,522

See accompanying notes to financial statements.

15.