|
UNITED STATES ORIENTEERING FEDERATION
ENDOWMENT FUND INC. |
||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STATEMENT OF |
||||||
|
|
|
|
|
|
|
|
|
|
Assets |
|
|
2006 |
|
2007 |
|
Cash |
|
|
|
|
|
|
|
|
Money Market Fund |
|
|
$
10,909.13 |
|
$
11,760.67 |
|
Investments |
|
|
|
|
|
|
|
|
Mutual Funds at Fair Market Value |
|
|
71,268.26 |
|
93,345.65 |
|
|
Total Assets |
|
|
82,177.39 |
|
105,106.32 |
|
|
|
|
|
|
|
|
|
|
Liabilities and Net Assets |
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
USOF Transfers In |
|
|
72,988.00 |
|
83,198.00 |
|
|
Payments to USOF |
|
|
(8,438.00) |
|
(11,666.00) |
|
|
Total Liabilities |
|
|
64,550.00 |
|
71,532.00 |
|
Net Assets |
|
|
$ 17,627.39 |
|
$ 33,574.32 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STATEMENT OF CHANGES IN |
||||||
|
|
|
|
|
|
|
|
|
Investment Income/(Expenses) |
|
|
|
|
|
|
|
|
Interest on Money Market Fund |
|
|
$
579.18 |
|
$
608.54 |
|
|
Dividends and Capital Gains Distributions |
|
|
1,548.75 |
|
3,584.40 |
|
|
Brokerage Commissions/Fees |
|
|
(30.00) |
|
- |
|
|
Realized Gains(Losses) on Investments |
|
|
4,535.30 |
|
- |
|
|
Unrealized Gains(Losses) on Investments |
|
|
1,083.53 |
|
11,753.99 |
|
Change in Net Assets |
|
|
7,716.76 |
|
15,946.93 |
|
|
|
|
|
|
|
|
|
|
Net Assets, Beginning of Year |
|
|
9,910.62 |
|
17,627.38 |
|
|
|
|
|
|
|
|
|
|
Net Assets, End of Year |
|
|
$ 17,627.38 |
|
$ 33,574.31 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
STATEMENT OF |
||||||
|
|
|
|
|
|
|
|
|
Cash Flows from Financing
Activities |
|
|
|
|
|
|
|
|
Transfers in from USOF |
|
|
$
5,200.00 |
|
$
10,210.00 |
|
|
Payments to USOF |
|
|
(2,946.00) |
|
(3,228.00) |
|
|
Net Cash Flow from Financing |
|
|
2,254.00 |
|
6,982.00 |
|
Cash Flows from Investing
Activities |
|
|
|
|
|
|
|
|
Interest and Dividends Received |
|
|
2,127.93 |
|
4,192.94 |
|
|
Brokerage Commissions/Fees |
|
|
(30.00) |
|
- |
|
|
Dividends Reinvested |
|
|
(1,548.75) |
|
(3,584.44) |
|
|
Investments (Purchased)Sold |
|
|
(18.68) |
|
(6,739.00) |
|
|
Net Cash Flow from Investing Activities |
|
|
530.50 |
|
(6,130.50) |
|
|
|
|
|
|
|
|
|
Net Change in Cash |
|
|
2,784.50 |
|
851.50 |
|
|
|
|
|
|
|
|
|
|
Cash, Beginning of Year |
|
|
8,124.63 |
|
10,909.13 |
|
|
|
|
|
|
|
|
|
|
Cash, End of Year |
|
|
$
10,909.13 |
|
$
11,760.63 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
See accompanying notes
and accountant's report |
||||||