STATEMENT OF FINANCIAL POSITION – DECEMBER 31, 2006

ASSETS	2006	2005
Cash and cash equivalents	5,074,336	1,430,793
Investments at market	20,066,906	16,110,990
Fixed asset at cost (net of accumulated depreciation of $48,098 in 2006 and $43,982 in 2005)	2,373	6,489
TOTAL ASSETS	25,143,615	17,548,272
LIABILITIES AND NET ASSETS
LIABILITIES
Accounts Payable	0	0
Grants Payable	58,640	18,550
Present value of charitable lead annuity trust	175,732	142,751
Funds held as agency endowments	7,741,726	6,219,428
Total Liabilities	7,976,098	6,380,729
NET ASSETS
Unrestricted	911,603	951,448
Temporarily restricted	5,578,297	1,877,189
Permanently restricted	10,677,617	8,338,906
Net Assets	17,167,517	11,167,543
TOTAL LIABILITIES AND NET ASSETS	25,143,615	17,548,272

The financial information on this page has been summarized by management from the audited financial statements of The San Angelo Area Foundation.

Auditors Report

The San Angelo Area Foundation financial statements are audited by an independent public accounting firm. The audit for fiscal year 2006 has been performed by Condley and Company, LLP, of Abilene, Texas. Copies of the audit are available upon request from The Foundation office.