Stephen F. Austin State University
Statement of Changes in Investment Assets
Operating Fund
At August 31, 2006
Book Value Market Value
Beginning Investment Assets - 06/01/06 21,937,695.62 21,895,457.70
Receipts/Contributions 2,205,490.02 2,205,490.02
Investment Income 175,495.11 175,495.11
Change in Accrued Interest 75,425.89
Distributions (5,020,874.53) (5,020,874.53)
Net Realized Gains (Losses)
Change in Cost Basis (23,487.28)
Changes in Net Unrealized Appreciation (Depreciation)   45,704.51
Ending Investment Assets - 08/31/06 19,274,318.94 19,376,698.70
Rate of Return 1.45%
Accrued interest for the reporting period 139,409.73
Prior period accrued interest 63,983.84
Prepared in Compliance with Generally Accepted Accounting Priniciples