| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING AND OTHER FEES | 3,140 | 2,355 | 785 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DEPRECIATION | 20,699 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| BREMER ACCOUNT | 298,999 | 305,913 |
| SECURIAN TRUST CO. ENDOWMENT | 323,562 | 342,803 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| TEXTRON | 11,150 | 16,844 |
| CHEVRON | 4,227 | 16,042 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| OIL WELL INTERESTS | AT COST | 138,762 | 373,344 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS AND EQUIPMENT | 435,066 | 149,991 | 285,075 | 285,075 |
| OIL TANGIBLE EQUIPMENT | 58,267 | 48,825 | 9,442 | 9,442 |
| LOT | 14,500 | 14,500 | 14,500 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| SUPPLIES | 1,665 | 1,665 | ||
| CONTRACT LABOR | 4,679 | 4,679 | ||
| INSURANCE | 4,568 | 4,568 | ||
| MISCELLANEOUS | 120 | 120 | ||
| OFFICE EXPENSE | 3,081 | 616 | 2,465 | |
| DUES | 574 | 574 | ||
| FEES | 35 | 35 | ||
| MAINTENANCE | 7,277 | 7,277 | ||
| COMMISSIONS | 11,720 | 11,720 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL ROYALTIES | 80,178 | 80,178 | |
| LESS TAX AND OTHER | -9,079 | -9,079 | |
| OIL WORKING INT-IL(INHERITED) | 73,969 | ||
| LESS ACCOUNTING -ILLINOIS | -770 | ||
| LESS ILLINOIS TAX | -691 | ||
| OIL WORKING INT (INHERITED) | 15,069 | ||
| LESS OPERATING EXPENSE | -22,757 | ||
| LESS COST DEPLETION | -13,356 | ||
| UTAH STATE TAX REFUND | 1,226 | 1,226 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| PAYROLL LIABILITIES | 123 | 134 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PROFESSIONAL AND CONSULTANT FEES | 342 | 34 | 308 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL TAXES | 971 | 97 | 874 | |
| FEDERAL INCOME TAX | 3,986 | |||
| FOREIGN TAX | 84 | 84 | ||
| REAL ESTATE TAXES | 6 |