b'FINANCIALSAs ofAs of June 30, 2018 June 30, 2017ASSETSCash$3,130,356 $4,115,893 Investments$296,037,885 $284,416,298 Total Assets$299,168,241 $288,532,191 LIABILITIESAccrued Liabilites$237,374 $193,609 Grants Payable$6,226,107 $8,846,366 Deferred Federal Excise Taxes$345,868 $228,868 Total Liabilites$6,809,349 $9,268,843 NET ASSETSBeginning of Year Balance$279,263,348 $259,642,753 Additions/(Reductions)$13,095,544 $19,620,595 Total Net Assets$292,358,892 $279,263,348 Total Liabilities and Net Assets$299,168,241 $288,532,191 32'