Stephen F. Austin State University
Statement of Changes in Investment Assets
Operating Fund
At May 31, 2009
Book Value Market Value
Beginning Investment Assets - 03/01/09  $  62,485,154.03  $   62,537,385.47
Transfer In *          581,612.17           581,612.17
Adjusted Beginning Investment Assets - 03/01/09      63,066,766.20      63,118,997.64
Receipts/Contributions      35,728,456.52      35,728,456.52
Investment Income          213,754.28           213,754.28
Change in Accrued Interest             14,220.09
Distributions     (53,106,814.49)     (53,106,814.49)
Net Realized Gains (Losses)
Change in Cost Basis
Changes in Net Unrealized Appreciation (Depreciation)    
Ending Investment Assets - 05/31/09  $  45,902,162.51  $   45,968,614.04
Rate of Return 1.50%
Accrued interest for the reporting period  $         66,451.53
Prior period accrued interest  $         52,231.44
* Transfer In of AIM investments not previously reported
Prepared in Compliance with Generally Accepted Accounting Priniciples