KENTUCKY STATE UNIVERSITY STATEMENT OF NET POSITION June 30, 2019

ASSETS
Current assets
Cash and cash equivalents$ 2,002,952
Accounts, grants and loans receivable, net6,630,604
Total current assets8,633,556
Noncurrent assets
Accounts, grants and loans receivable, net81,633
Investments18,521,033
Capital assets, net75,221,397
Total noncurrent assets93,824,063
DEFERRED OUTFLOWS OF RESOURCES
Deferred outflows – pension13,661,275
Deferred outflows – other postemployment benefits1,518,522
Total deferred outflows15,179,797
Total assets and deferred outflows of resources117,637,416
LIABILITIES
Current liabilities
Accounts payable and accrued liabilities7,407,298
Accrued compensated absences1,726,772
Unearned revenue184,492
Line of credit2,061,650
Deposits and other current liabilities148,079
Long-term debt, current portion818,185
Total current liabilities12,346,476
Non-current liabilities
Net pension liability54,555,554
Net OPEB liability10,962,235
Long-term debt, non-current portion2,605,121
Federal grants refundable557,842
Total noncurrent liabilities68,680,752
DEFERRED INFLOWS OF RESOURCES
Deferred inflows – pension39,161,111
Deferred inflows – other postemployment benefits1,360,722
Total deferred inflows40,521,833
Total liabilities and deferred inflows of resources121,549,061
NET POSITION
Net investment in capital assets69,736,441
Restricted
Nonexpendable - endowment3,562,238
Expendable4,800,330
Unrestricted(82,010,654)
Total net position$ (3,911,645)

See accompanying notes to financial statements.

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