Cash Flows From Operating Activities

     Increase in Net Assets

$1,184,972

     Adjustments to Reconcile Increase of Net Assets to Net

        Cash Provided by Operating Activities

            Depreciation

$ 3,131

            Net Unrealized Gains on Investments

(726,085)

            Net Gain on Sale of Investments

(177,911)

    (Increase) Decrease in Operating Assets

        Receivables - Membership Dues

(350)

        Investment Income Receivable

4,765

    Increase (Decrease) in Operating Liabilities

        Accounts Payable

(2,000)

        Pension Contribution Payable

(3,740)

        Accrued Public Programs

5,000

    Total Adjustments

(897,190)

    Net Cash Provided by Operating Activities

287,782

Cash Flows From Investing Activities

    Purchase of Investments

(1,272,269)

    Proceeds From Sale of Investments

1,035,904

    Net Cash Used in Investing Activities

(236,365)

Net Increase in Cash

51,417

Cash - Beginning of Year

138,000

Cash - End of Year

$ 189,417