| 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 |
|---|
| Grantee's Name | Grantee's Address | Grant Date | Grant Amount | Grant Purpose | Amount Expended By Grantee | Any Diversion By Grantee? | Dates of Reports By Grantee | Date of Verification | Results of Verification |
|---|---|---|---|---|---|---|---|---|---|
|
Alaska Power Association |
703 W TUDOR RD STE 200 ANCHORAGE,AK99503 |
2018-12-31 | 8,000 | SCHOLARSHIP PROGRAM | 8,000 | NO | 12/31/2018 | 2018-12-31 | We maintain records for each grant given to the recipient organizations. We make payments after receiving verification reports. The grants are specifically designated for their scholarship programs which helps qualified students enter into college. The organizations disburse scholarship money directly to the educational institutions as per the organizations policy on file. In addition, we randomly select and test their disbursement records to verify the purpose of grants are met. Based on our random testing, the purpose of the grant has been carried out properly by this organization. |
|
Nushagak Electric & Telephone |
PO Box 350 Dillingham,AK99576 |
2018-12-31 | 18,500 | SCHOLARSHIP PROGRAM | 18,500 | NO | 12/31/2018 | 2018-12-31 | We maintain records for each grant given to the recipient organizations. We make payments after receiving verification reports. The grants are specifically designated for their scholarship programs which helps qualified students enter into college. The organizations disburse scholarship money directly to the educational institutions as per the organizations policy on file. In addition, we randomly select and test their disbursement records to verify the purpose of grants are met. Based on our random testing, the purpose of the grant has been carried out properly by this organization. |
|
Homer Electric Association |
3977 LAKE ST HOMER,AK99603 |
2018-12-31 | 12,000 | SCHOLARSHIP PROGRAM | 12,000 | NO | 12/31/2018 | 2018-12-31 | We maintain records for each grant given to the recipient organizations. We make payments after receiving verification reports. The grants are specifically designated for their scholarship programs which helps qualified students enter into college. The organizations disburse scholarship money directly to the educational institutions as per the organizations policy on file. In addition, we randomly select and test their disbursement records to verify the purpose of grants are met. Based on our random testing, the purpose of the grant has been carried out properly by this organization. |
|
Kodiak Electric Association |
PO BOX 787 KODIAK,AK99615 |
6,250 | SCHOLARSHIP PROGRAM | 6,250 | NO | 12/31/2018 | 2018-12-31 | We maintain records for each grant given to the recipient organizations. We make payments after receiving verification reports. The grants are specifically designated for their scholarship programs which helps qualified students enter into college. The organizations disburse scholarship money directly to the educational institutions as per the organizations policy on file. In addition, we randomly select and test their disbursement records to verify the purpose of grants are met. Based on our random testing, the purpose of the grant has been carried out properly by this organization. | |
|
Matanuska Electric Association |
PO BOX 2929 PALMER,AK99645 |
2018-12-31 | 12,500 | SCHOLARSHIP PROGRAM | 12,500 | NO | 12/31/2018 | 2018-12-31 | We maintain records for each grant given to the recipient organizations. We make payments after receiving verification reports. The grants are specifically designated for their scholarship programs which helps qualified students enter into college. The organizations disburse scholarship money directly to the educational institutions as per the organizations policy on file. In addition, we randomly select and test their disbursement records to verify the purpose of grants are met. Based on our random testing, the purpose of the grant has been carried out properly by this organization. |
|
Golden Vally Electric Association |
po box 71249 fairbanks,AK99807 |
2018-12-31 | 50,750 | scholarship program | 50,750 | NO | 12/31/2018 | 2018-12-31 | We maintain records for each grant given to the recipient organizations. We make payments after receiving verification reports. The grants are specifically designated for their scholarship programs which helps qualified students enter into college. The organizations disburse scholarship money directly to the educational institutions as per the organizations policy on file. In addition, we randomly select and test their disbursement records to verify the purpose of grants are met. Based on our random testing, the purpose of the grant has been carried out properly by this organization. |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| MUTUAL FUNDS - PTP SECURITIES | 842,350 | 842,350 |
| Description | Amount |
|---|---|
| UNREALIZED GAINS ON SECURITIES | 103,080 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OTHER EXPENSES | 122 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO APA | 217 | 297 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 7,569 | 7,569 | ||
| MANAGEMENT FEES | 2,475 | 825 | 825 |