KENTUCKY STATE UNIVERSITY STATEMENTS OF NET POSITION June 30, 2020 (with summarized comparative amounts at June 30, 2019)
20202019
ASSETS
Current assets
Cash and cash equivalents$ 3,145,854$ 2,002,952
Accounts, grants and loans receivable, net3,002,3866,630,604
Total current assets6,148,2408,633,556
Noncurrent assets
Accounts, grants and loans receivable, net692,39681,633
Investments17,172,80318,521,033
Capital assets, net93,459,48275,221,397
Total noncurrent assets111,324,68193,824,063
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows – pension15,184,31713,661,275
Deferred outflows – other postemployment benefits3,409,7951,518,522
Total deferred outflows18,594,11215,179,797
Total assets and deferred outflows of resources136,067,033117,637,416
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities10,698,0787,407,298
Accrued compensated absences2,338,5151,726,772
Unearned revenue1,009,463184,492
Line of credit2,893,7162,061,650
Deposits and other current liabilities195,887148,079
Long-term debt, current portion1,142,388818,185
Total current liabilities18,278,04712,346,476
Non-current liabilities
Net pension liability64,627,26354,555,554
Net OPEB liability11,656,17310,962,235
Long-term debt, non-current portion14,999,1942,605,121
Federal grants refundable525,758557,842
Other noncurrent liabilities485,879-
Total noncurrent liabilities92,294,26768,680,752
DEFERRED INFLOWS OF RESOURCES
Deferred inflows – pension24,290,63439,161,111
Deferred inflows – other postemployment benefits2,775,2151,360,722
Total deferred inflows27,065,84940,521,833
Total liabilities and deferred inflows of resources137,638,163121,549,061
NET POSITION
Net investment in capital assets77,317,90069,736,441
Restricted
Nonexpendable - endowment3,562,2383,562,238
Expendable4,220,8064,800,330
Unrestricted(86,672,074)(82,010,654)
Total net position$ (1,571,130)$ (3,911,645)
See accompanying notes to financial statements.
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