Stephen F. Austin State University
Statement of Changes in Investment Assets
Operating Fund
At November 30, 2005
Book Value Market Value
Beginning Investment Assets - 09/01/05 19,024,298.23 19,074,165.96
Receipts/Contributions 7,010,774.00 7,010,774.00
Investment Income 159,350.33 159,350.33
Change in Accrued Interest (15,084.44)
Distributions (2,725,990.16) (2,725,990.15)
Net Realized Gains (Losses) (3,958.18) (3,958.18)
Change in Cost Basis 36,404.35
Changes in Net Unrealized Appreciation (Depreciation)   (13,119.90)
Ending Investment Assets - 11/30/05 23,500,878.57 23,486,137.61
Rate of Return 4,553.80 0.60%
Accrued interest for the reporting period 90,285.39
Prior period accrued interest 105,369.83
Prepared in Compliance with Generally Accepted Accounting Priniciples