KENTUCKY STATE UNIVERSITY STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITION Year ended June 30, 2019

REVENUES
Operating revenues
Student tuition and fees (net of scholarship allowances of $6,392,830)$ 9,710,046
Federal grants and contracts18,007,131
State and local grants and contracts1,607,921
Other operating revenues1,221,466
Auxiliary enterprises:
Residence halls2,244,306
Dining2,055,561
Bookstore113,190
Other auxiliaries13,618
Total operating revenues34,973,239
EXPENSES
Operating expenses
Educational and general
Instruction10,330,633
Research7,449,117
Public service10,087,334
Academic support625,584
Student services7,323,606
Institutional support14,838,968
Operation and maintenance of plant5,399,949
Student aid6,363,963
Depreciation3,573,681
Auxiliary enterprises
Residence halls406,049
Dining2,147,410
Other auxiliaries800,293
Bookstore1,070,062
Depreciation302,996
Total operating expenses70,719,645
Operating loss(35,746,406)
NONOPERATING REVENUES (EXPENSES)
State appropriations25,749,000
Federal grants and contracts4,261,886
Investment income (net of investment expense)871,874
Interest on capital asset-related debt(276,798)
Net non-operating revenues30,605,962
Loss before capital appropriations(5,140,444)
Capital appropriations151,277
Change in net position(4,989,167)
NET POSITION
Net position, beginning of year1,077,522
Net position, end of year$ (3,911,645)

See accompanying notes to financial statements.

17.