| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BUILDINGS | 2001-06-01 | 297,269 | 103,738 | ADS | 40.000000000000 | 7,432 | 0 | 7,432 | |
| BUILDINGS ADDITIONS | 2001-12-01 | 159,933 | 53,806 | ADS | 40.000000000000 | 3,998 | 0 | 3,998 | |
| BOAT - 2480 CAROLINA W/F | 2001-06-01 | 51,689 | 51,689 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| BOAT - MONTAUK WHALER | 2001-06-01 | 6,089 | 6,089 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| MONTAUK WHALER IMPROVEMENTS | 2001-12-01 | 11,799 | 11,799 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| CHIPPER/MIGHTY MAC MOD 12PT | 2002-02-01 | 1,853 | 1,853 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| DIESEL MULE - KAWASAKI 2510 | 2001-06-01 | 13,792 | 13,789 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| KUBOTA EXCAVATOR | 2001-06-01 | 48,654 | 48,654 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| RAMP | 2001-06-01 | 5,644 | 5,644 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| SAWMILL | 2001-06-01 | 6,553 | 6,553 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| V23 CC "SHOWBOAT" | 2002-02-01 | 10,000 | 10,000 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| WINDMILL | 2002-05-01 | 69,938 | 69,938 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| FURNITURE | 2001-06-01 | 7,516 | 7,516 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| WOODSTOVE | 2001-06-15 | 2,132 | 2,132 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| MISC FURNITURE | 2001-07-06 | 7,049 | 7,049 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| BUILDINGS ADDITIONS | 2002-12-01 | 214,473 | 66,802 | ADS | 40.000000000000 | 5,362 | 0 | 5,362 | |
| WINDMILL | 2002-12-01 | 63,848 | 63,848 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| FURNITURE | 2002-12-01 | 4,915 | 4,915 | ADS | 12.000000000000 | 0 | 0 | 0 | |
| TOOLS | 2003-08-05 | 180 | 173 | ADS | 12.000000000000 | 7 | 0 | 3 | |
| FURNITURE & FIXTURES | 2003-11-30 | 768 | 736 | ADS | 12.000000000000 | 32 | 0 | 32 | |
| BRUSH HOG | 2003-11-20 | 2,498 | 2,392 | ADS | 12.000000000000 | 106 | 0 | 106 | |
| DIESEL GENERATOR | 2003-06-19 | 6,440 | 6,175 | ADS | 12.000000000000 | 265 | 0 | 45 | |
| BLDG IMPROVEMENTS - LABOR & MATERIALS | 2003-11-30 | 25,296 | 7,295 | ADS | 40.000000000000 | 632 | 0 | 632 | |
| BUILDING IMPROVEMENTS | 2004-11-30 | 33,531 | 8,799 | ADS | 40.000000000000 | 838 | 0 | 838 | |
| BOAT | 2004-08-11 | 8,208 | 7,524 | ADS | 12.000000000000 | 684 | 0 | 684 | |
| RAMP | 2004-11-30 | 17,646 | 16,181 | ADS | 12.000000000000 | 1,465 | 0 | 1,465 | |
| WINDMILL | 2005-01-21 | 2,834 | 2,596 | ADS | 12.000000000000 | 238 | 0 | 238 | |
| BUILDING IMPROVEMENTS | 2005-12-01 | 5,851 | 1,381 | ADS | 40.000000000000 | 146 | 0 | 146 | |
| WELL DRILLER | 2006-05-30 | 2,372 | 1,807 | ADS | 12.000000000000 | 198 | 0 | 198 | |
| DINGHY | 2005-06-17 | 839 | 691 | ADS | 12.000000000000 | 70 | 0 | 70 | |
| DIESEL MULE | 2006-03-08 | 10,882 | 8,276 | ADS | 12.000000000000 | 907 | 0 | 907 | |
| PIER & RAMP | 2005-12-01 | 11,640 | 5,509 | ADS | 12.000000000000 | 970 | 0 | 970 | |
| ADJ | 2001-01-01 | 464 | 0 % | 0 | 0 | 0 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS | 297,269 | 111,170 | 186,099 | |
| BUILDINGS ADDITIONS | 159,933 | 57,804 | 102,129 | |
| BOAT - 2480 CAROLINA W/F | 51,689 | 51,689 | 0 | |
| BOAT - MONTAUK WHALER | 6,089 | 6,089 | 0 | |
| MONTAUK WHALER IMPROVEMENTS | 11,799 | 11,799 | 0 | |
| CHIPPER/MIGHTY MAC MOD 12PT | 1,853 | 1,853 | 0 | |
| DIESEL MULE - KAWASAKI 2510 | 13,792 | 13,789 | 3 | |
| KUBOTA EXCAVATOR | 48,654 | 48,654 | 0 | |
| RAMP | 5,644 | 5,644 | 0 | |
| SAWMILL | 6,553 | 6,553 | 0 | |
| V23 CC "SHOWBOAT" | 10,000 | 10,000 | 0 | |
| WINDMILL | 69,938 | 69,938 | 0 | |
| FURNITURE | 7,516 | 7,516 | 0 | |
| WOODSTOVE | 2,132 | 2,132 | 0 | |
| MISC FURNITURE | 7,049 | 7,049 | 0 | |
| BUILDINGS ADDITIONS | 214,473 | 72,164 | 142,309 | |
| WINDMILL | 63,848 | 63,848 | 0 | |
| FURNITURE | 4,915 | 4,915 | 0 | |
| TOOLS | 180 | 180 | 0 | |
| FURNITURE & FIXTURES | 768 | 768 | 0 | |
| BRUSH HOG | 2,498 | 2,498 | 0 | |
| DIESEL GENERATOR | 6,440 | 6,440 | 0 | |
| BLDG IMPROVEMENTS - LABOR & MATERIALS | 25,296 | 7,927 | 17,369 | |
| BUILDING IMPROVEMENTS | 33,531 | 9,637 | 23,894 | |
| BOAT | 8,208 | 8,208 | 0 | |
| RAMP | 17,646 | 17,646 | 0 | |
| WINDMILL | 2,834 | 2,834 | 0 | |
| BUILDING IMPROVEMENTS | 5,851 | 1,527 | 4,324 | |
| WELL DRILLER | 2,372 | 2,005 | 367 | |
| DINGHY | 839 | 761 | 78 | |
| DIESEL MULE | 10,882 | 9,183 | 1,699 | |
| PIER & RAMP | 11,640 | 6,479 | 5,161 | |
| ADJ | 464 | 0 | 464 |
| Description | Amount |
|---|---|
| PRIOR PERIOD ADJUSTMENT | 1,341 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| BANK SERVICE CHARGES | 456 | 0 | 0 | 456 |
| POSTAGE & DELIVERY | 85 | 0 | 0 | 85 |
| LICENSES & PERMITS | 35 | 0 | 0 | 35 |
| OTHER UTILITIES | 222 | 0 | 0 | 222 |
| INSURANCE | 9,153 | 0 | 0 | 9,153 |
| REPAIRS & MAINTENANCE | 13,871 | 0 | 0 | 13,871 |
| PROGRAM EXPENSES INCLUDING FOOD & FURNISHINGS | 1,543 | 0 | 0 | 1,543 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| APPLICATION FEES | 3,596 | 3,596 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| LOANS PAYABLE DUNN DATACO | 92,866 | 29,851 |
| LOANS PAYABLE MILLWORKS | 4,330 | 4,330 |