Stephen F. Austin State University
Statement of Changes in Bond Proceeds
At May 31, 2005
								Regions Bank Stone Fort Bank						Regions Bank
								Bond Series 2002						Bond Series 2004
								Book Value		Market Value		Yield		Book Value		Market Value		Yield
Beginning Balance - 03/01/05								1,698,205.30		1,697,585.70				25,137,705.57		25,022,070.20
Receipts/Contributions
Investment Income								5,175.40		5,175.40				132,385.76		132,385.76
Distributions								(390,215.96)		(390,215.96)				(71,798.94)		(71,798.94)
Net Realized Gains (Losses)
Changes in Net Unrealized Appreciation (Depreciation)										500.15						63,279.75
Ending Balance - 05/31/05								1,313,164.74		1,313,045.29		0.38		25,198,292.39		25,145,936.77		0.78
								Regions Bank Stone Fort Bank						Texas Term
								Debt Service Account 2004A					Local Government Investment Pool
								Book Value		Market Value				Book Value		Market Value		Yield
Beginning Balance - 03/01/05								14,767.63		14,767.63				5,182,112.61		5,190,815.23
Receipts/Contributions
Investment Income								89.28		89.28				3,722.91		3,722.91
Distributions								(14,856.91)		(14,856.91)				(1,917,859.48)		(1,917,859.48)
Net Realized Gains (Losses)
Changes in Net Unrealized Appreciation (Depreciation)																19,589.10
Ending Balance - 05/31/05								0.00		0.00				3,267,976.04		3,296,267.76		0.55
Prepared in Compliance with Generally Accepted Accounting Principles