| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CPA FEES | 4,850 | 4,850 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AT&T INC GLOBAL 5.5% DUE 02-01-2018 | 100,350 | 111,088 |
| BERKSHIRE HATHAWAY INC DEL 3.2% DUE 02-11-2015 | 50,075 | 51,594 |
| COCA COLA ENTERPRISES 5.0% DUE 08-15-2013 | 75,629 | 82,242 |
| CREDIT SUISSE 5.25% DUE 03-02-11 | 49,771 | 50,377 |
| DEERE JOHN CAP 5.35% DUE 04-03-2018 | 100,499 | 110,493 |
| JOHNSON & JOHNSON 5.15% DUE 07-15-2018 | 99,701 | 113,802 |
| MEDTRONIC INC 3.0% DUE 03-15-2015 | 50,078 | 51,309 |
| MICROSOFT CORP 3.0% DUE 10-01-2020 | 74,845 | 70,327 |
| ORACLE CORP 5.0% DUE 07-08-2019 | 50,149 | 54,250 |
| PEPSICO INC. 5.15% DUE 05-15-2012 | 99,708 | 105,704 |
| UNITED PARCEL SVC 5.5% DUE 01-15-2018 | 100,888 | 113,603 |
| VERIZON COMMUNICATIONS 6.1% DUE 04-15-2018 | 100,973 | 113,592 |
| WALGREEN CO 4.875% DUE 08-01-2013 | 99,289 | 109,224 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ABBOTT LABORATORIES 300 SHS | 14,478 | 14,373 |
| ALTERA CORP 500 SHS | 8,754 | 17,790 |
| AMAZON COM INC 100 SHS | 7,840 | 18,000 |
| AMERICAN EXPRESS CO 400 SHS | 18,987 | 17,168 |
| APPLE INC 150 SHS | 19,768 | 48,384 |
| BERKSHIRE HATHAWAY INC CL B 200 SHS | 15,795 | 16,022 |
| BHP BILLITON LTD SPONSORED ADR 250 SHS | 17,550 | 23,230 |
| CHEVRON CORP. 350 SHS | 26,514 | 31,937 |
| CISCO SYS INC 1000 SHS | 9,250 | 20,230 |
| CITRIX SYS INC 275 SHS | 12,934 | 18,813 |
| COLGATE-PALMOLIVE CO 150 SHS | 11,863 | 12,055 |
| CONOCOPHILLIPS 250 SHS | 15,431 | 17,025 |
| COSTCO WHOLESALE CORP. 250 SHS | 16,337 | 18,052 |
| COVIDIEN LTD. 400 SHS | 17,080 | 18,264 |
| CUMMINS INC 200 SHS | 8,999 | 22,002 |
| DANAHER CORP 750 SHS | 11,972 | 35,377 |
| DOMINION RES INC VA NEW 500 SHS | 22,206 | 21,360 |
| DU PONT E I DE NEMOURS & CO 600 SHS | 22,991 | 29,928 |
| EMC CORP 1250 SHS | 23,710 | 28,625 |
| EMERSON ELECTRIC CO. 500 SHS | 24,270 | 28,585 |
| EXXON MOBIL CORP 600 SHS | 27,112 | 43,872 |
| FEDEX CORP 300 SHS | 26,651 | 27,903 |
| FRANKLIN RES INC 200 SHS | 22,095 | 22,242 |
| GENERAL ELECTRIC CO 2000 SHS | 68,258 | 36,580 |
| GOOGLE INC CL A 50 SHS | 19,592 | 29,698 |
| GRAINGER, W.W., INC. 125 SHS | 14,280 | 17,264 |
| H J HEINZ 450 SHS | 21,142 | 22,257 |
| INTERNATIONAL BUSINESS MACHS CORP. 250 SHS | 22,880 | 36,690 |
| JOHNSON & JOHNSON 215 SHS | 5,343 | 13,298 |
| JOHNSON CONTROLS INC. 555 SHS | 14,776 | 21,201 |
| JP MORGAN CHASE & CO 750 SHS | 26,635 | 31,815 |
| JUNIPER NETWORKS INC 400 SHS | 13,922 | 14,768 |
| LOWES COS INC 500 SHS | 14,223 | 12,540 |
| MCKESSON CORP 400 SHS | 24,456 | 28,152 |
| MEDCO HEALTH SOLUTIONS INC 350 SHS | 14,437 | 21,444 |
| MFB NORTH EMERGING MKTS EQUITY 25374.03 SHS | 480,447 | 583,095 |
| MFB NORTH MULTI-MGR MID CAP 13337.15 SHS | 118,320 | 155,378 |
| MFB NORTHERN FDS MULTI-MANAGER GLOBAL REAL ESTATE FD | 111,613 | 150,496 |
| MFB NORTHERN FUNDS MULTI MANAGER HIGH YIELD OPPORTUNITY FUND | 94,149 | 100,670 |
| MFB NORTHERN FUNDS SMALL CAP CORE FUND 9966.06 SHS | 146,800 | 145,305 |
| MFB NORTHERN HIGH YIELD FIXED INCOME FUND | 257,796 | 306,419 |
| MFB NRTHN MULTIMGR INTL EQ 74299.64 SHS | 656,564 | 738,538 |
| MFC ISHARES TR BARCLAYS TIPS BD FD | 52,000 | 53,760 |
| MFC SPDR GOLD TR GOLD SHS | 233,811 | 312,120 |
| MFO PIMCO FDS PAC INVT MGMT SER COMMODITY REALRETURN STRATEGY FD | 70,286 | 108,535 |
| MFO VANGUARD FIXED INCOME SECS FD | 59,087 | 64,528 |
| MICROSOFT CORP 750 SHS | 5,619 | 20,940 |
| NATIONAL OILWELL VARCO COM STK 350 SHS | 12,009 | 23,538 |
| NIKE INC CL B 350 SHS | 22,382 | 29,897 |
| NOBLE ENERGY INC 200 SHS | 12,338 | 17,216 |
| NOVARTIS AG 400 SHS | 21,325 | 23,580 |
| OMNICOM GROUP INC 400 SHS | 18,352 | 18,320 |
| ORACLE CORP 1250 SHS | 11,267 | 39,125 |
| PEPSICO INC 500 SH | 29,055 | 32,665 |
| PRINCIPAL FINL GROUP INC 750 SHS | 21,511 | 24,420 |
| PROCTER & GAMBLE CO 500 SHS | 15,458 | 32,165 |
| SALESFORCE COM INC 200 SHS | 18,994 | 26,400 |
| SIMON PROPERTY GROUP INC 250 SHS | 22,879 | 24,872 |
| SPECTRA ENERGY CORP 1250 SHS | 32,651 | 31,238 |
| STARWOOD HOTELS & RESORTS WORLDWIDE INC 250 SHS | 15,216 | 15,195 |
| SUNCOR ENERGY INC NEW 500 SHS | 15,338 | 19,145 |
| TEVA PHARMACEUTICAL INDS 300 SHS | 12,765 | 15,639 |
| TRAVELERS COS INC 500 SHS | 26,751 | 27,855 |
| U.S. BANCORP - 750 SHS | 22,971 | 20,228 |
| UNITED TECHNOLOGIES CORP 250 SHS | 12,805 | 19,680 |
| UNITEDHEALTH GROUP INC 750 SHS | 23,447 | 27,082 |
| WALT DISNEY CO 750 SHS | 20,784 | 28,132 |
| WELLS FARGO & CO. 1000 SHS | 25,145 | 30,990 |
| WHOLE FOODS MKT INC 500 SHS | 20,199 | 25,295 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ONTARIO PROV CDA NOTES 5.0% DUE 10-18-11 | AT COST | 49,723 | 51,792 |
| PTR INTEREST-1400 BROADWAY ASSOC | AT COST | 1 | 40,655 |
| Description | Amount |
|---|---|
| TIMING DIFFERENCES OF INCOME RECOGNITION AND ACTUAL RECEIPT | 2,469 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CORPORATE ANNUAL REPORT | 61 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 1,926 | 1,926 | 0 | |
| EXCISE TAXES PAID | 742 | 0 | 0 | |
| FEDERAL ESTIMATED TAXES PAID | 1,200 | 0 | 0 | |
| ROUNDING | 3 | 0 | 0 |