| Stephen F. Austin State University | |||||||||||
| Statement of Changes in Investment Assets | |||||||||||
| Operating Fund | |||||||||||
| At February 29, 2004 | |||||||||||
| Book Value | Market Value | ||||||||||
| Beginning Investment Assets - 12/01/03 | 22,981,850.47 | 23,046,757.24 | |||||||||
| Receipts/Contributions | 5,000,000.00 | 5,000,000.00 | |||||||||
| Investment Income | 157,934.23 | 157,934.23 | |||||||||
| Change in Accrued Interest | (12,692.83) | ||||||||||
| Distributions | (3,425,897.11) | (3,425,897.11) | |||||||||
| Net Realized Gains (Losses) | 14,702.88 | 14,702.88 | |||||||||
| Change in Cost Basis | (101,077.04) | ||||||||||
| Changes in Net Unrealized Appreciation (Depreciation) | (71,810.04) | ||||||||||
| Ending Investment Assets - 02/29/04 | 24,627,513.43 | 24,708,994.37 | |||||||||
| Rate of Return | 0.37% | ||||||||||
| Accrued interest for the reporting period | 71,093.94 | ||||||||||
| Prior period accrued interest | 83,786.77 | ||||||||||
| Prepared in Compliance with Generally Accepted Accounting Priniciples | |||||||||||