| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BATT MORRISON | 6,500 | 4,000 | 2,500 |
| Description of Amortized Expenses | Date Acquired, Completed, or Expended | Amount Amortized | Deduction for Prior Years | Amortization Method | Current Year Amortization | Net Investment Income | Adjusted Net Income | Total Amount of Amortization |
|---|---|---|---|---|---|---|---|---|
| SOFTWARE AMORTIZATION | 2011-10-01 | 1,270 | 635 | 3 | 508 | 508 | 1,143 |
| Person Name | Explanation |
|---|---|
| DONALD E BROWN | |
| STACY SULLIVAN |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALCOA INC. | 15,573 | 15,573 |
| ALTRIA GROUP | 15,202 | 15,202 |
| AMDOCS LTD | 7,176 | 7,176 |
| AMERICAN CAPITAL AGENCY CORP | 7,176 | 7,176 |
| AMERICAN ELECTRIC POWER CO INC | 11,685 | 11,685 |
| AMERICAN EXPRESS CO | 9,073 | 9,073 |
| ANALOG DEVICES INC | 10,084 | 10,084 |
| ANHEUSER-BUSCH COMPANIES INC | 15,969 | 15,969 |
| ANNALY CAPITAL MGT | ||
| APPLIED MATERIAL INC | 7,496 | 7,496 |
| AVERY DENNISON CORP. | 9,185 | 9,185 |
| BANK OF AMERICA CORP | 28,026 | 28,026 |
| BB&T CORP | 7,464 | 7,464 |
| BOEING | ||
| BOSTON SCIENTIFIC CORPORATION | 16,431 | 16,431 |
| BP PLC | 9,722 | 9,722 |
| BRANDYWINE REALTY TRUST | 6,650 | 6,650 |
| BRISTOL MYERS SQUIBB COMPANY | 15,679 | 15,679 |
| BROADRIDGE FINANCIAL SOLUTIONS | 19,681 | 19,681 |
| CABLEVISION SYSTEMS | 6,347 | 6,347 |
| CBS CORP | 9,561 | 9,561 |
| CHEVRON CORP | 13,990 | 13,990 |
| CHUBB CORP | 15,074 | 15,074 |
| CLOROX CO | 23,097 | 23,097 |
| COACH INC | 7,016 | 7,016 |
| COCA COLA | ||
| COMCAST CORP | 10,393 | 10,393 |
| CONOCOPHILLIPS | 31,793 | 31,793 |
| COSTCO WHOLESALE CORP. | 15,473 | 15,473 |
| CROMPTON & KNOWLES CORP | 10,699 | 10,699 |
| DARDEN RESTAURANTS | ||
| DEERE & CO. | 27,399 | 27,399 |
| DEUTSCHE BANK CAP FUND IX 6.625% PFD | 54,692 | 54,692 |
| DIAGEO PLC SPON ADR | 9,269 | 9,269 |
| DIEBOLD CORP | 7,163 | 7,163 |
| DOMINION RESOURCE | ||
| DU PONT E I DE NEMOURS & CO | 32,485 | 32,485 |
| DUKE ENERGY CORP | 70,528 | 70,528 |
| EMERSON ELECTRIC | ||
| ENDURANCE SPECIALTY HOLDINGS LTD | 16,193 | 16,193 |
| ENTERGY CORPORATION | 7,719 | 7,719 |
| EXELON CORP | ||
| EXPEDITORS INTL OF WASH | 7,257 | 7,257 |
| FIRST AMERICAN FINANCIAL CORP | 16,525 | 16,525 |
| FIRST ENERGY CORP. | 16,490 | 16,490 |
| FREEPORT MCMORAN COPPER & GOLD | 3,774 | 3,774 |
| GENERAL ELECTRIC COMPANY | 5,606 | 5,606 |
| GENERAL MILLS | 13,975 | 13,975 |
| GENUINE PARTS CO | 14,974 | 14,974 |
| HAEMONETICS CORP | 10,196 | 10,196 |
| HARTFORD FINANCIAL SERVICES | 7,246 | 7,246 |
| HASBRO INC | 16,118 | 16,118 |
| HCP INC. | 9,407 | 9,407 |
| HEALTH CARE REIT INC | 10,660 | 10,660 |
| HEINZ HJ | ||
| HUDSON CITY BANCORP | ||
| ING GROUP NV 7.3750% | 25,400 | 25,400 |
| INVESCO LTD | 18,382 | 18,382 |
| ITC HOLDINGS CORP | 16,577 | 16,577 |
| JANUS CAPITAL GROUP INC | 9,240 | 9,240 |
| JOHNSON CONTROLS | ||
| JP MORGAN CHASE & CO | 35,088 | 35,088 |
| KANSAS CITY SOUTHERN INDUS NEW | 8,668 | 8,668 |
| KOHLS CORP | 14,642 | 14,642 |
| LEIDOS HOLDINGS INC | 8,647 | 8,647 |
| LIGHTSTREAM RESOURCES LTD | 2,745 | 2,745 |
| M&T BANK CORP. | 15,600 | 15,600 |
| MARKWEST ENERGY PARTNERS LP | 26,452 | 26,452 |
| MATTEL INC. | 16,082 | 16,082 |
| MCDONALDS | ||
| MCKESSON INC | 21,628 | 21,628 |
| MERCK & COMPANY, INC. | 16,016 | 16,016 |
| MERRILL LYNCH CAP TR 6.45% DUE | 24,705 | 24,705 |
| MORGAN STANLEY | 31,360 | 31,360 |
| MORGAN STANLEY CP IV 6.25% | 23,680 | 23,680 |
| NAT FUEL GAS CO | 14,851 | 14,851 |
| NATIONAL OILWELL VARCO | ||
| NEW YORK COMMUNITY BANCORP INC | 14,609 | 14,609 |
| NEXEN INC | ||
| NEXTERA ENERGY, INC. | 16,353 | 16,353 |
| NISOURCE INC | 11,541 | 11,541 |
| NUCOR CORP | 10,676 | 10,676 |
| O REILLY AUTOMOTIVE INC. | 15,445 | 15,445 |
| OLD REPUBLIC INTL CORP | 16,199 | 16,199 |
| OMNICOM GROUP INC. | 11,379 | 11,379 |
| ONEOK INC | ||
| PEABODY ENERGY CORP | 6,777 | 6,777 |
| PHILIP MORRIS INTL | 13,592 | 13,592 |
| PHILLIPS 66 | 5,785 | 5,785 |
| PPG INDUSTRIES INC | 13,276 | 13,276 |
| PUBLIC STORAGE REIT | ||
| QUEST DIAGNOSTICS INC | 5,675 | 5,675 |
| REGAL ENTERTAINMENT GROUP | 11,865 | 11,865 |
| ROCKWELL COLLINS INC | 13,601 | 13,601 |
| ROWAN COMPANIES INC | 17,680 | 17,680 |
| ROYAL DUTCH SHELL | ||
| SCANA CORPORATION HOLDING | ||
| SCIENCE APPLICATIONS INTERNATIONAL C | 3,505 | 3,505 |
| SEADRILL LIMITED | 12,324 | 12,324 |
| SEMPRA ENERGY | 10,412 | 10,412 |
| SNAP ON TOOLS CORP | 16,428 | 16,428 |
| SONOCO PRODUCTS CO | 11,390 | 11,390 |
| SOUTHERN CO | 32,888 | 32,888 |
| SOUTHERN COPPER | ||
| ST JUDE MEDICAL INC | 15,735 | 15,735 |
| STAPLES INC | 10,853 | 10,853 |
| STARBUCKS CORP | 11,759 | 11,759 |
| SUN COMMUNITIES INC | 12,323 | 12,323 |
| SUNTRUST BKS INC | 13,546 | 13,546 |
| SYSCO CORP | 13,177 | 13,177 |
| TECO ENERGY INC | 15,740 | 15,740 |
| TELEPHONE & DATA SYSTEMS | 7,760 | 7,760 |
| TESORO LOGISTICS | 26,170 | 26,170 |
| TEXAS ROADHOUSE INC | 8,340 | 8,340 |
| THE BABCOCK & WILCOX COMPANY | 10,360 | 10,360 |
| THE COCA-COLA CO. | 12,393 | 12,393 |
| THE MOSAIC CO. | 14,181 | 14,181 |
| TOTAL FINA ELF S A | 30,635 | 30,635 |
| UIL HOLDINGS COPRP | ||
| ULTRA PETROLEUM CORP | 6,430 | 6,430 |
| UNDER ARMOUR, INC. | 8,730 | 8,730 |
| VERIFONE HOLDINGS INC | 14,885 | 14,885 |
| VERIZON COMMUNICATIONS | 11,941 | 11,941 |
| WASTE MANGEMENT INC | 14,269 | 14,269 |
| WELLS FARGO & CO | 13,620 | 13,620 |
| WHIRLPOOL CORPORATION COM | 12,549 | 12,549 |
| WR GRACE & COMPANY | 10,975 | 10,975 |
| XCEL ENERGY INC | 6,091 | 6,091 |
| XEROX CORP | 16,612 | 16,612 |
| ZIMMER HOLDINGS INC | 14,165 | 14,165 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| ABERDEEN ASIA PACIFIC FUND | |||
| DNP SELECT INCOME FUND, INC | FMV | 9,420 | 9,420 |
| ISHARES S&P 1500 | |||
| ISHARES S&P U.S. PREFERRED | FMV | 44,196 | 44,196 |
| ISHARES TR S&P GLOBAL | FMV | 22,090 | 22,090 |
| ISHARES TRUST IBOXX HIGH YIELD CORP | FMV | 23,220 | 23,220 |
| KAYNE ANDERSON MLP | FMV | 11,955 | 11,955 |
| KINDER MORGAN ENERGY | FMV | 12,099 | 12,099 |
| MORGAN STANLEY INSTL GROWTH A | FMV | 5,017 | 5,017 |
| NUVEEN SENIOR INCOME | |||
| PLAINS ALL AMERICAN | |||
| SPDR GOLD TRUST | |||
| TORTOISE PIPELINE & ENERGY FUND INC | FMV | 28,450 | 28,450 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COMPUTER | 1,957 | 1,957 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| SOFTWARE NET OF AMORTIZATION | 635 | 127 | 127 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK FEES | 7 | 7 | ||
| WEB SITE/INTERNET ACCESS | 5,883 | 2,942 | 2,941 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS ON SECURITIES | 251,172 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT ADVISOR FEES | 15,552 | 15,552 | ||
| ADMINISTRATIVE FEES | 10,000 | 2,500 | 7,500 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FOREIGN TAXES | 1,092 | 1,092 | ||
| FLORIDA REGISTRATION | 61 | 61 |