The Valdosta State University Foundation
Fund Balance Reports

*** SIFE International ***

****Please note that your balance reflects total dollars (gifts + other revenue less withdrawls).****

                                                                                                                                                                                                                                               
 TYPE       DATE      NUMBER                DESCRIPTION                        DR           CR        BALANCE                                                                                                                                                           
-------   -----------   --------   ---------------------------------------    ----------   ----------   ----------                                                                                                                                                      
Gen J     1/1/2006   5804 ABC   Opening Balances for 2006                                   202.44       202.44                                                                                                                                                         
Sales R   1/19/200   2101       Book Sales                                                  100.00       302.44                                                                                                                                                         
Sales R   1/19/200   2102       Book Sales                                                  126.99       429.43                                                                                                                                                         
Sales R   1/24/200   2103       Book Sales                                                  159.95       589.38                                                                                                                                                         
Sales R   1/26/200   2104       Book Sales                                                   26.99       616.37                                                                                                                                                         
Sales R   2/9/2006   2112       Book Sales                                                   26.99       643.36                                                                                                                                                         
Sales R   2/14/200   2115       Book Sale                                                    26.99       670.35                                                                                                                                                         
Gen J     5/3/2006   5525 ABC   SIFE International Transfer                    670.35                      0.00<- BELOW ZERO                                                                                                                                            
                                                                           ----------   ----------   ----------                                                                                                                                                         
                                Total SIFE International                       670.35       670.35         0.00<- BELOW ZERO

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Comments concerning the VSUF financial reports can be e-mailed to
(aculbret@valdosta.edu)
Telephone 229-333-7176. These reports were updated 01/18/07.