| Description of Property | Date Acquired | Cost or Other Basis | Prior Years' Depreciation | Computation Method | Rate / Life (# of years) |
Current Year's Depreciation Expense | Net Investment Income | Adjusted Net Income | Cost of Goods Sold Not Included |
|---|---|---|---|---|---|---|---|---|---|
| COOLER | 2001-09-01 | 10,091 | 10,091 | SL | 10.000000000000 | 0 | 0 | 0 | |
| PACKING EQUIPMENT | 2001-10-01 | 34,230 | 34,230 | SL | 10.000000000000 | 0 | 0 | 0 | |
| PACKING EQUIPMENT | 2003-01-01 | 1,500 | 1,500 | SL | 10.000000000000 | 0 | 0 | 0 | |
| IRRIGATION SYSTEM | 2003-01-01 | 211,109 | 105,552 | SL | 20.000000000000 | 10,555 | 10,555 | 10,555 | |
| PACKING EQUIPMRNT | 2004-12-10 | 8,550 | 6,911 | SL | 10.000000000000 | 855 | 855 | 855 | |
| PACKING HOUSE | 2004-12-31 | 241,589 | 77,310 | SL | 25.000000000000 | 9,664 | 9,664 | 9,664 | |
| TRAILER | 2004-11-29 | 2,175 | 2,175 | SL | 5.000000000000 | 0 | 0 | 0 | |
| PACKING HOUSE | 2005-05-06 | 28,526 | 8,748 | SL | 25.000000000000 | 1,141 | 1,141 | 1,141 | |
| 26 ACRE ORANGE GROVE | 2000-01-01 | 300,330 | L | 0 | 0 | 0 | |||
| 84 ACRE FARM | 2000-01-01 | 542,071 | L | 0 | 0 | 0 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| COOLER | 10,091 | 10,091 | 0 | 0 |
| PACKING EQUIPMENT | 34,230 | 34,230 | 0 | 0 |
| PACKING EQUIPMENT | 1,500 | 1,500 | 0 | 0 |
| IRRIGATION SYSTEM | 211,109 | 116,107 | 95,002 | 95,002 |
| PACKING EQUIPMRNT | 8,550 | 7,766 | 784 | 784 |
| PACKING HOUSE | 241,589 | 86,974 | 154,615 | 154,615 |
| TRAILER | 2,175 | 2,175 | 0 | 0 |
| PACKING HOUSE | 28,526 | 9,889 | 18,637 | 18,637 |
| 26 ACRE ORANGE GROVE | 300,330 | 0 | 300,330 | 300,330 |
| 84 ACRE FARM | 542,071 | 0 | 542,071 | 542,071 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 255 | 255 | 255 | 0 |
| Item No. | 1 |
|---|---|
| Lender's Name | RICHARD J NOGAJ NOTES |
| Lender's Title | DIRECTOR |
| Relationship to Insider | |
| Original Amount of Loan | 2834589 |
| Balance Due | 0 |
| Date of Note | |
| Maturity Date | |
| Repayment Terms | AS FUNDS AVAILABLE |
| Interest Rate | 0.000000000000 |
| Security Provided by Borrower | FARM LAND |
| Purpose of Loan | FUND OPERATIONS |
| Description of Lender Consideration | NONE |
| Consideration FMV |
| Item No. | 2 |
|---|---|
| Lender's Name | FLORIDA COMMUNITY BANK |
| Lender's Title | NONE |
| Relationship to Insider | NONE |
| Original Amount of Loan | 757033 |
| Balance Due | 0 |
| Date of Note | 2002-07 |
| Maturity Date | 2012-07 |
| Repayment Terms | INTEREST ONLY |
| Interest Rate | 6.500000000000 |
| Security Provided by Borrower | LAND |
| Purpose of Loan | LAND DEVELOPMENT |
| Description of Lender Consideration | |
| Consideration FMV |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TELEPHONE | 1,334 | 0 | 1,334 | 0 |
| OFFICE EXPENSE | 1,336 | 0 | 1,336 | 0 |
| POSTAGE | 357 | 0 | 357 | 0 |
| INTERNET | 10 | 0 | 10 | 0 |
| WRITEOFF OLD CHECKS | -1,163 | 0 | -1,163 | 0 |
| BANK FEES | 20 | 20 | 20 | 0 |
| REPAIRS | 825 | 825 | 825 | 0 |
| FILING FEES | 1,058 | 1,058 | 1,058 | 0 |
| INSURANCE | 3,312 | 3,312 | 3,312 | 0 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| GROSS INCOME FROM SPECIAL FUNDRAISING EVENTS | 313 | 313 |