| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREPARATION FEE | 725 | 363 | 363 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BANK OF AMERICA CORP 4.875% | 25,425 | 26,104 |
| GOLDMAN SACHS GROUP INC | 25,000 | 25,149 |
| PFIZER INC 5.35% | 26,036 | 28,104 |
| SBC COMMUNICATIONS 5.1% | 25,378 | 27,353 |
| TARGET CORP 5.125 % | 48,675 | 54,122 |
| TSY INFL IX N/B | 29,387 | 30,018 |
| GENERAL ELEC CAP CORP | 26,020 | 25,548 |
| PNC CAPITAL TRUST E | 23,647 | 26,280 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ACE LIMITED | 10,784 | 12,139 |
| AFLAC INC | 8,726 | 10,045 |
| ABBOTT LABS | 8,905 | 8,911 |
| APACHE CORP | 5,747 | 7,035 |
| APPLE INC | 7,706 | 14,838 |
| BARD C R INC | 4,226 | 4,956 |
| CVS | 8,662 | 9,944 |
| CENTURYTEL INC | 3,926 | 5,356 |
| CHEVRON CORPORATION | 7,501 | 10,403 |
| CISCO SYSTEMS | 10,735 | 9,913 |
| COCA COLA CO | 8,593 | 13,483 |
| COMCAST CORP CL A | 7,060 | 8,524 |
| DISNEY WALT CO | 4,157 | 6,114 |
| EXXON MOBIL CORP | 8,370 | 10,383 |
| FEDEX CORPORATION | 9,110 | 10,045 |
| GILEAD SCIENCES INC | 11,311 | 8,661 |
| GOLDMAN SACHS GROUP | 8,379 | 9,921 |
| GOOGLE INC | 10,224 | 11,879 |
| HEWLETT PACKARD CO | 7,802 | 7,241 |
| HUDSON CITY BANCORP INC | 8,783 | 9,173 |
| INTERNATIONAL BUSINESS MACHS | 8,000 | 13,649 |
| JP MORGAN CHASE | 11,031 | 13,787 |
| KOHLS CORP | 5,569 | 6,303 |
| MASTERCARD INC | 7,259 | 10,533 |
| MCKESSON CORPORATION | 4,954 | 5,771 |
| MEDCO HEALTH SOLUTIONS | 6,988 | 10,967 |
| MEDTRONIC INC | 11,834 | 9,643 |
| MICROSOFT CORP | 7,401 | 7,592 |
| MYLAN INC | 4,437 | 5,283 |
| NATIONAL-OILWELL INC | 7,307 | 13,585 |
| NORFOLK SOUTHN CORP | 7,572 | 9,674 |
| ORACLE CORPORATION | 6,742 | 12,864 |
| PG & E CORP | 7,635 | 8,228 |
| PHILIP MORRIS | 7,042 | 8,311 |
| SCHULMBERGER LTD | 4,751 | 6,179 |
| SPECTRA ENERGY CORP | 4,504 | 7,522 |
| STARBUCKS CORP | 5,445 | 7,133 |
| STATE STREET CORP | 5,375 | 6,951 |
| SYSCO CORP | 8,607 | 8,644 |
| 3M CO | 7,527 | 9,062 |
| UNITED TECHNOLOGIES CORP | 4,462 | 5,117 |
| WAL-MART STORES INC | 10,190 | 11,002 |
| WELLPOINT INC | 4,325 | 4,549 |
| WELLS FARGO & COMPANY | 5,070 | 6,446 |
| YUM BRANDS INC | 7,014 | 8,878 |
| AECOM TECHNOLOGY CORP | 9,750 | 10,405 |
| COMMERCE BANCSHARES INC | 9,569 | 10,727 |
| CONCHO RES INC | 4,244 | 6,312 |
| EMERGENCY MED SVCS CORP | 4,151 | 5,556 |
| GENTEX CORP | 5,575 | 8,986 |
| ISHARES RUSSELL 2000 INDEX FD | 42,745 | 62,592 |
| JOY GLOBAL INC | 4,813 | 5,899 |
| MDU RES GROUP INC | 8,135 | 8,432 |
| PACKAGING CORP AMER | 12,341 | 13,023 |
| TUPPERWARE BRANDS CORPORATION | 4,968 | 4,958 |
| ROGERS COMMUNICATIONS INC | 9,047 | 8,658 |
| MARVELL TECHNOLOGY | 9,388 | 9,906 |
| ISHARES TR MSCI EMERGING MRKTS | 12,675 | 19,057 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| PIMCO ALL ASSET AUTH FUND | AT COST | 50,936 | 49,433 |
| HSBC BANK EQUITY LINKED CD | AT COST | 200,000 | 193,780 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 2,500 | 1,250 | 1,250 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PENN MUTUAL LIFE INS ANNUITY | 545,379 | 545,379 | 506,505 |
| ACCRUED INCOME | 59 | 11 | 0 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE FEES | 9,469 | 9,469 | 0 | |
| BANK SERVICE FEES | 9,469 | 9,469 | 0 | |
| OTHER MISC INVESTMENT EXPENSES | 15 | 15 | 0 | |
| ADMIN/OFFICE EXPENSES | 257 | 257 | 257 | |
| INSURANCE PREMIUMS PAID | 994 | 0 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CO-TRUSTEE/MANAGEMENT FEES | 1,740 | 870 | 870 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES PAID | 7 | 7 | 0 | |
| FEDERAL EXCISE TAX ESTIMATE | 128 | 0 | 0 | |
| FOREIGN TAXES ON QUALIFIED FOR | 42 | 42 | 0 | |
| FOREIGN TAXES PAID - NQDI | 2 | 2 | 0 |