Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections
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Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections Minutes of a Regular Meeting, June 22-23, 2004 - Digital Collections

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12.07.2015 Views

June 22-23, 2004IV.Short Term Investment Fund (STIF) Performance• The market value of STIF at March 31, 2004 was $19.9 million, which is up by $2.0 million(11.4%) from June 30, 2003.• As indicated below, the total return on the STIF for the nine months ended March 31, 2004 of1.1% exceeds the 91-day Treasury Bill rate of 0.7% by 40 basis points. For the year endingMarch 31, 2004, the total return of 1.6% exceeds the 91-day Treasury Bill rate of 1.1% by 50basis points.4.0%3.0%1.6% 1.1%2.0%1.1% 0.7%1.0%0.4% 0.3% 0.4% 0.2% 0.4%0.2% 0.4% 0.2%0.0%Quarter Ended06/30/03Quarter Ended09/30/03Quarter Ended12/31/03Quarter Ended03/31/04Nine MonthsEnded 03/31/04Year Ended03/31/04Total Return91-day Treasury Bill5

June 22-23, 2004V. Revenues and ExpendituresDuring the nine months ended March 31, 2004, recognized revenues of $18.7 million exceededexpenditures of $5.3 million resulting in a net increase to market value of $13.4 million. Thisincrease is attributable primarily to appreciation on investments and cash gifts.2004 2003RevenuesInvestment Income $ 5,936,085 $ (2,627,706)Cash Gifts 12,433,692 7,629,017Interest 280,171 270,468Oil and Gas Royalties 40,210 44,622Other Income 12,433 11,726Total Revenues 18,702,591 5,328,127ExpendituresDepartmental Support 4,227,900 7,562,376Scholarships 705,842 741,608Operating Expenses 124,199 93,899Development Support 153,219 167,874Investment Fees 93,045 61,724Other Expenditures 45,713 35,580Total Expenditures 5,349,918 8,663,061Net Change in Market Value $ 13,352,673 $ (3,334,934)VI.Cash Gifts and ContributionsThe following cash gifts and contributions were received during the nine months ended March31, 2004.• Athletic Seating Priorities Program $ 7,311,562• A gift from the Estate of Frances P. Olson to establishthe Francis Palmer Olson, M.D. Endowment Fund 3,000,000• A gift from the University Hospitals Trust to establish the OklahomaMedicaid Professorship for Medical Social Work Services #2 500,000• A gift from the College of Pharmacy at the OU Health Sciences Centerto establish the Endowed Chair for the College of Pharmacy 500,000• A gift from Aramark Athletic for the benefit of theAthletic Seating Priorities Program 400,0006

<strong>June</strong> <strong>22</strong>-<strong>23</strong>, <strong>2004</strong>IV.Short Term Investment Fund (STIF) Performance• The market value <strong>of</strong> STIF at March 31, <strong>2004</strong> was $19.9 million, which is up by $2.0 million(11.4%) from <strong>June</strong> 30, 2003.• As indicated below, the total return on the STIF for the nine months ended March 31, <strong>2004</strong> <strong>of</strong>1.1% exceeds the 91-day Treasury Bill rate <strong>of</strong> 0.7% by 40 basis points. For the year endingMarch 31, <strong>2004</strong>, the total return <strong>of</strong> 1.6% exceeds the 91-day Treasury Bill rate <strong>of</strong> 1.1% by 50basis points.4.0%3.0%1.6% 1.1%2.0%1.1% 0.7%1.0%0.4% 0.3% 0.4% 0.2% 0.4%0.2% 0.4% 0.2%0.0%Quarter Ended06/30/03Quarter Ended09/30/03Quarter Ended12/31/03Quarter Ended03/31/04Nine MonthsEnded 03/31/04Year Ended03/31/04Total Return91-day Treasury Bill5

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