Stephen F. Austin State University
Statement of Changes in Investment Assets
Operating Fund
At February 28, 2006
Book Value Market Value
Beginning Investment Assets - 12/01/05 23,500,878.57 23,486,137.61
Receipts/Contributions 5,000,788.11 5,000,788.11
Investment Income 164,040.38 164,040.38
Change in Accrued Interest 21,267.64
Distributions (3,834,343.97) (3,834,343.97)
Net Realized Gains (Losses)
Change in Cost Basis (2,591.53)
Changes in Net Unrealized Appreciation (Depreciation)   2,107.70
Ending Investment Assets - 02/28/06 24,828,771.56 24,839,997.47
Rate of Return 0.78%
Accrued interest for the reporting period 111,553.03
Prior period accrued interest 90,285.39
Prepared in Compliance with Generally Accepted Accounting Priniciples