KENTUCKY STATE UNIVERSITY

Notes to the Financial Statements, continued

4. Capital Assets, Net

Capital assets as of June 30, 2014, are summarized as follows:

Beginning BalanceAdditionsReductionsEnding Balance
Cost
Land and improvements$ 6,275,031$ -$ -$ 6,275,031
Buildings154,740,029--154,740,029
Equipment25,240,976772,319-26,013,295
Computer software1,458,62218,371-1,476,993
Library holdings10,366,4856,501-10,372,986
Transportation equipment4,675,169172,805-4,847,974
Construction in progress4,903965,347-970,250
202,761,2151,935,343-204,696,558
Accumulated depreciation
Buildings89,551,5112,496,710-92,048,221
Equipment16,450,1031,600,844-18,050,947
Library holdings9,490,629257,631-9,748,260
Transportation equipment4,083,354104,756-4,188,110
119,575,5974,459,941-124,035,538
Capital assets, net$ 83,185,618$ (2,524,598)$ -$ 80,661,020

Capital assets as of June 30, 2013, are summarized as follows:

Beginning BalanceAdditionsReductionsEnding Balance
Cost
Land and improvements$ 5,648,990$ 626,041$ -$ 6,275,031
Buildings153,206,0361,533,993-154,740,029
Equipment24,267,330973,646-25,240,976
Computer software1,433,62225,000-1,458,622
Library holdings9,780,929585,556-10,366,485
Transportation equipment4,153,384521,785-4,675,169
Construction in progress1,043,396724,8801,763,3734,903
199,533,6874,990,9011,763,373202,761,215
Accumulated depreciation
Buildings87,131,0712,420,440-89,551,511
Equipment14,796,2471,653,856-16,450,103
Library holdings9,217,036273,593-9,490,629
Transportation equipment3,920,175163,179-4,083,354
115,064,5294,511,068-119,575,597
Capital assets, net$ 84,469,158$ 479,833$ 1,763,373$ 83,185,618