Stephen F. Austin State University
Statement of Changes in Bond Proceeds
At August 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 - 06/01/05								1,313,164.74		1,313,045.29				25,198,292.39		25,145,936.77
Receipts/Contributions
Investment Income								14,560.24		14,560.24				156,327.96		156,327.96
Distributions								(167,079.34)		(167,079.34)				(1,266,417.62)		(1,266,417.62)
Net Realized Gains (Losses)														(2,563.06)		(2,563.06)
Changes in Net Unrealized Appreciation (Depreciation)										119.45						4,453.56
Ending Balance - 08/31/05								1,160,645.64		1,160,645.64		1.19		24,085,639.67		24,037,737.61		0.65
								Regions Bank						Regions Bank
								Bond Series 2005						Bond Series 2005 Debt Service
								Book Value		Market Value		Yield		Book Value		Market Value		Yield
Beginning Balance - 06/01/05
Receipts/Contributions								17,311,145.34		17,311,145.34				47,338.96		47,338.96
Investment Income								41,904.25		41,904.25				156.57		156.57
Distributions								(4,329.12)		(4,329.12)				(11.50)		(11.50)
Net Realized Gains (Losses)
Changes in Net Unrealized Appreciation (Depreciation)										(2,995.41)
Ending Balance - 08/31/05								17,348,720.47		17,345,725.06		0.45		47,484.03		47,484.03		0.66
								Regions Bank						Regions Bank
								Bond Series 2005 Debt Service					Bond Series 2005 Cost of Issuance
								Book Value		Market Value		Yield		Book Value		Market Value		Yield
Beginning Balance - 06/01/05
Receipts/Contributions								239,508.06		239,508.06				85,000.00		85,000.00
Investment Income								792.15		792.15				281.13		281.13
Distributions								(59.70)		(59.70)				(21.23)		(21.23)
Net Realized Gains (Losses)
Changes in Net Unrealized Appreciation (Depreciation)
Ending Balance - 08/31/05								240,240.51		240,240.51		0.66		85,259.90		85,259.90		0.66
								Texas Term
							Local Government Investment Pool
								Book Value		Market Value		Yield
Beginning Balance - 06/01/05								3,267,976.04		3,296,267.76
Receipts/Contributions								456,578.30		456,578.30
Investment Income								17,461.70		17,461.70
Distributions								(2,204,698.36)		(2,204,698.36)
Net Realized Gains (Losses)
Change in Cost Basis								28,291.72
Ending Balance - 08/31/05								1,565,609.40		1,565,609.40		0.72
Prepared in Compliance with Generally Accepted Accounting Principles