Texas Prepaid Higher Education Tuition Program Annual Report, 2011 Page: 84
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Pages from the Texas Guaranteed Tuition Plan - Actuary's Report on Program Soundness - August 31, 2011 (continued)
Current Assets
The assets are administered by the State Treasury and invested by external managers with whom
the Board contracts. The value of the assets as of August 31, 2011 is $1,333,846,532. Asset totals
shown below do not include securities lending collateral, investment transfers receivable, tuition
contracts receivable or the related obligations for those assets.
Assets held as of August 31, 2011:Cash in State Treasury
Investments
Interest & Dividends Receivable
Furniture and equipment - net of depreciation
Less Accounts Payable
Total Assets$7,627,300
1,323,321,323
3,445,620
3,137
(550,848)
$1,333,846,532It is assumed that this mix will produce a net annual investment return of 6.00% in fiscal year
end 2012.
62011 ANNUAL REPORT -Texas Prepaid Higher Education Tuition Program
84
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Texas Prepaid Higher Education Tuition Program. Texas Prepaid Higher Education Tuition Program Annual Report, 2011, report, July 2012; Austin, Texas. (https://texashistory.unt.edu/ark:/67531/metapth303621/m1/90/: accessed July 18, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting UNT Libraries Government Documents Department.