KENTUCKY STATE UNIVERSITY STATEMENTS OF CASH FLOWS Year ended June 30, 2020 (with summarized comparative amounts for the year ended June 30, 2019)
20202019
Cash flows from operating activities
Tuition and fees$ 10,266,987$ 9,620,776
Grants and contracts28,603,51718,210,886
Payments to suppliers(18,192,160)(25,529,497)
Payments to employees(42,081,381)(43,025,130)
Payments to students(6,231,551)(6,037,006)
Loans issued to students(610,763)-
Collection of loans issued to students(32,084)106,884
Auxiliary enterprises:
Residence halls and dining5,212,3024,334,243
Bookstore35,136113,190
Other auxiliaries-13,618
Other payments242,1091,195,356
Net cash from operating activities(22,787,888)(40,996,680)
Cash flows from non-capital financing activities
State appropriations25,766,50025,749,000
Federal grants and contracts4,703,3084,261,886
Draws on line of credit832,066-
Net cash from non-capital financing activities31,301,87430,010,886
Cash flows from capital financing activities
Purchases of capital assets(8,676,658)(2,180,306)
Draws on line of credit-2,061,650
Principal paid on capital debt(528,811)(834,386)
Interest paid on capital debt(104,459)(284,060)
Capital appropriations-151,277
Net cash from capital financing activities(9,309,928)(1,085,825)
Cash flows from investing activities
Investment income376,186871,874
Proceeds from sale of investments22,029,73621,916,724
Purchases of investments(21,373,631)(22,703,965)
Net cash from investing activities1,032,29184,633
Net change in cash and cash equivalents236,349(11,986,986)
Cash and cash equivalents at beginning of year2,909,50514,896,491
Cash and cash equivalents at end of year$ 3,145,854$ 2,909,505
Non-cash capital financing activities:
Construction in progress acquired by capital lease$ 13,247,087$ -
(Continued)
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