KENTUCKY STATE UNIVERSITY STATEMENT OF NET POSITION June 30, 2017
ASSETS
Current assets
Cash and cash equivalents$ 18,660,458
Accounts, grants and loans receivable, net4,223,472
Total current assets22,883,930
Noncurrent assets
Accounts, grants and loans receivable, net381,181
Investments16,560,312
Capital assets, net77,839,475
Total noncurrent assets94,780,968
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows – KERS4,201,535
Deferred outflows – KTRS14,147,801
Total deferred outflows18,349,336
Total assets and deferred outflows of resources136,014,234
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities4,531,347
Accrued compensated absences1,608,411
Unearned revenue414,520
Deposits64,524
Long-term debt, current portion851,576
Total current liabilities7,470,378
Noncurrent liabilities
Net pension liability98,072,554
Long-term debt, noncurrent portion4,260,215
Federal grants refundable731,695
Total noncurrent liabilities103,064,464
DEFERRED INFLOWS OF RESOURCES
Deferred inflows – KERS3,394,261
Deferred inflows – KTRS13,383,767
Total deferred inflows16,778,028
Total liabilities and deferred inflows of resources127,312,870
NET POSITION
Invested in capital assets, net of related debt72,727,684
Restricted
Nonexpendable - endowment8,657,506
Unrestricted(72,683,826)
Total net position$ 8,701,364
See accompanying notes to financial statements.
15.