Stephen F. Austin State University
Statement of Changes in Bond Proceeds
At May 31, 2009
Bancorpsouth
Bond Series 2008 TRB
Book Value Market Value Yield
Beginning Balance - 03/01/2009  $    4,521,788.13  $    4,564,049.96
Receipts/Contributions
Investment Income 60,498.39 60,498.39
Change in Accrued Interest (29,091.15)
Realized Appreciation (Depreciation) (16,782.19) (16,782.19)
Distributions (4,565,504.33) (4,565,504.33)
Change in Cost Basis 0.00
Changes in Net Unrealized Appreciation (Depreciation)   (13,170.68)
Ending Balance - 05/31/2009  $                    -    $                    -                    0.06
Accrued interest for the reporting period  $                    -  
Prior period accrued interest  $         29,091.15
Citizen's Bank Regions Bank - Cost of Issuance
Bond Series 2008 HEAF Bond Series 2008 HEAF
Book Value Market Value Yield Book Value Market Value Yield
Beginning Balance - 03/01/2009  $  10,221,148.36  $   10,221,148.36  $            79,941.68  $          79,941.68
Receipts/Contributions                           -                           -  
Investment Income 12,580.47 12,580.47
Change in Accrued Interest
Distributions (1,391,914.10) (1,391,914.10)              (70,518.43)             (70,518.43)
Change in Cost Basis
Changes in Net Unrealized Appreciation (Depreciation)        
Ending Balance - 05/31/2009  $    8,841,814.73  $    8,841,814.73                  0.13  $             9,423.25  $            9,423.25            -  
Regions Bank - Nursing Regions Bank - Cost of Issuance
Bond Series 2009 TRB Bond Series 2008 HEAF
Book Value Market Value Yield Book Value Market Value Yield
Beginning Balance - 03/01/2009  $  11,757,043.75  $   11,791,363.36  $              105,000  $             105,000
Receipts/Contributions
Investment Income            51,943.69             51,943.69                      94.52                    94.52
Change in Accrued Interest                        -              (13,091.53)
Realized Appreciation (Depreciation)           (17,944.06)            (17,944.06)
Distributions       (1,187,397.85)       (1,187,397.85)              (95,666.54)             (95,666.54)
Change in Cost Basis
Changes in Net Unrealized Appreciation (Depreciation)              (37,274.32)    
Ending Balance - 05/31/2009  $  10,603,645.53  $   10,587,599.29                 (0.15)  $             9,427.98  $            9,427.98         0.17
Accrued interest for the reporting period  $         43,656.17
Prior period accrued interest  $         56,747.70
Regions Bank - Deferred Maintenance
Bond Series 2009 TRB
Book Value Market Value Yield
Beginning Balance - 03/01/2009  $    9,895,086.53  $    9,925,159.71
Receipts/Contributions
Investment Income            44,058.72             44,058.72
Change in Accrued Interest                        -                2,335.93
Realized Appreciation (Depreciation)           (18,128.91)            (18,128.91)
Distributions             (1,119.73)             (1,119.73)
Change in Cost Basis
Changes in Net Unrealized Appreciation (Depreciation)              (39,662.92)
Ending Balance - 05/31/2009  $    9,919,896.61  $    9,912,642.80                 (0.11)
Accrued interest for the reporting period  $         52,614.29
Prior period accrued interest  $         50,278.36
Prepared in Compliance with Generally Accepted Accounting Principles