| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 1,295 | 1,295 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| FORD MOTOR CO LLC 7/20/2026 | 200,000 | 185,790 |
| GOLDMAN & SACHS GROUP INC 11/25/16 | ||
| GOLDMAN & SACHS GROUP INC 11/25/30 | 200,000 | 194,620 |
| JP MORGAN CHASE 11/25/22 | 200,000 | 201,926 |
| WELLS FARGO & CO 3/21/19 | ||
| WELLS FARGO & CO 3/21/28 | 200,000 | 196,652 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AT&T INC | 96,860 | 83,775 |
| CAPITAL INCOME BUILDER | 194,485 | 210,769 |
| FRANKLIN CUSTODIAN FDS INCOME FUND | 505,687 | 513,728 |
| FRANKLIN RISING DIVS FD | 227,554 | 285,417 |
| ISHARES US UTILITIES ETF | 181,739 | 226,185 |
| LORD ABBETT SHORT DURATION | 500,000 | 499,049 |
| PIMCO INCOME FUND CLASS A | 300,000 | 284,226 |
| WELLS FARGO & COMPANY 5.25% | 98,909 | 100,480 |
| WELLS FARGO & COMPANY 5.50% | 99,963 | 97,942 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FARMLAND | 843,926 | 843,926 | 843,926 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| UIT FIRST TRUST PFD INCOME PORT | AT COST | ||
| UIT FIRST TRUST ELECTION PORT | AT COST | ||
| UIT VAN KAMPEN BUILD AMER BNDS | AT COST | 53,004 | 49,824 |
| UIT FIRST TRUST TAX EXEMPT | AT COST | 16,657 | 13,869 |
| UIT FIRST TRUST INSURED TAX EX 247 | AT COST | 15,219 | 9,340 |
| UIT FIRST TRUST COMBINED SER 248 | AT COST | 17,604 | 13,936 |
| UIT FIRST TRUST COMBINED BUILD AMER | AT COST | 45,952 | 49,179 |
| UIT FIRST TRUST COBINED TAX EX 271 | AT COST | 63,000 | 62,073 |
| UT FT BALANCED INCOME SER 59 | AT COST | 213,386 | 199,848 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 3,000 | 3,000 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BANK SERVICE CHARGES | 12 | 12 | ||
| COURT COSTS | 10 | 10 | ||
| POSTAGE AND PO BOX | 168 | 168 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INCOME TAXES | 2,008 |