May 2008 Analysis - Unaudited
BALANCE SHEET
| Assets |
Investments |
$1,312,719,036 |
Cash & Equivalents |
68,302,625 |
Loans |
253,822 |
Other Assets |
9,087,104 |
Total Assets |
$1,390,362,587
|
Liabilities |
Notes Payable |
$0 |
Accounts Payable |
47,953,413 |
Accrued Expenses |
4,944,922 |
Member Accounts |
1,261,772,606 |
Total Liabilities |
$1,314,670,941 |
Capital |
Membership Shares |
$49,202,578 |
Reserves |
26,489,068 |
Total Capital |
$75,691,646 |
Total Liabilities & Capital |
$1,390,362,587 |
INCOME STATEMENT
Total Operating Income |
$22,722,295 |
Total Cost of Funds |
17,846,554 |
Net Operating Income |
4,875,740 |
Net Operating Expenses |
3,116,136 |
Non-Operating Gains |
0 |
| |
Net Income |
$2,066,195 |
| |
Return on Daily Ave. Net Assets-YTD. |
0.31% |
Retained Earnings to Daily Ave.
Net Assets |
2.37% |
Capital to Daily Ave. Net Assets |
6.19% |
|
