General Fund Balance Sheet
December 31, 2007

ASSETS:

Cash and cash equivalents

$5,838,110

Investments at Market Value

81,710,712

Accrued Dividends and Interest Receivable

313,120

Other Assets

27,380

Total Assets:

$87,889,322

CURRENT LIABILITIES:

Accrued Expenses Payable

$24,119

GENERAL FUND:

Balance December 31, 2007

87,865,203

Total

$87,889,322

Statement of Changes in General Fund
For the year ended December 31, 2007

Fund Balance at January 1, 2007

$86,560,297

ADDITIONS:

Investment Income

$2,682,182

Income from security transactions

4,627,163

7,309,345

$93,869,642

DEDUCTIONS:

Grants to beneficiaries

$4,060,885

Administrative Expenses

531,448

Custody & investment advisory fees

524,584

Tax on Investment Income

-19,424

Depreciation

565

5,098,058

$88,771,584

Unrealized depreciation of securities during 2007

-906,381

Fund balance at December 31, 2007

$87,865,203