KENTUCKY STATE UNIVERSITYIN ALL THINGS EXCELLENCE

Kentucky State University Preliminary Unaudited Statement of Income as of June 30, 2022

FY 2022 FY 2021 Variance

Unaudited Unaudited Unaudited %

REVENUES:

Residential Tuition and Fees 16,573,332.00 16,372,459.00 200,873.00 1%

Non-Residential Tuition and Fees 1,058,128.00 924,226.00 133,902.00 14%

Destiny and Legacy Tuition and Fees (7,544.00) 77,326.00 (84,870.00) -110%

Other Fees 484,077.00 202,453.00 281,624.00 139%

Service Fees 56,974.00 37,065.00 19,909.00 54%

Non-Operating Revenue 438,854.00 637,035.00 (198,181.00) -31%

State Appropriations 28,084,924.00 25,885,069.00 2,199,855.00 8%

Federal Grants and Contracts 38,353,838.00 38,298,927.00 54,911.00 0%

Local Grants and Contracts 1,665,691.00 2,187,894.00 (522,203.00) -24%

Auxiliary 7,313,758.00 7,833,052.00 (519,294.00) -7%

Scholarship Allowance (2,244,873.00) (2,433,898.00) 189,025.00 -8%

TOTAL REVENUES: 91,777,159.00 90,021,608.00 1,755,551.00 2%

Instruction 13,671,274.00 16,961,895.00 (3,290,621.00) -19%

Research - Sponsored 9,753,265.00 8,755,997.00 997,268.00 11%

Public Service 10,405,425.00 10,203,802.00 201,623.00 2%

Academic Support 1,266,496.00 795,031.00 471,465.00 59%

Student Services 8,180,122.00 8,610,227.00 (430,105.00) -5%

Institutional Support 23,469,139.00 18,578,823.00 4,890,316.00 26%

Operations and Maintenance of Plant 7,952,545.00 7,056,308.00 896,237.00 13%

Depreciation 102,154.00 87,944.00 14,210.00 16%

Student Aid 22,120,007.00 19,970,202.00 2,149,805.00 11%

Auxiliary Enterprise 6,174,711.00 6,065,026.00 109,685.00 2%

Non Program Transactions 21,686.00 21,686.00 0%

TOTAL EXPENDITURES: 103,116,824.00 97,085,255.00 6,031,569.00 6%

NET PROFIT/LOSS (11,339,665.00) (7,063,647.00) (4,276,018.00) 61%

EXPENDITURES:

*The University has received the entire 23 million from State Appropriations. These funds will be reported on the Statement of Financial

*The University has received the entire 23 million from State Appropriations. These funds will be reported on the Statement of Financial Position & Cash Flows for documentation.

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