| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 4,121 | 844 | 844 | 3,277 |
| 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 | 82 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| UNITED METHODIST INVESTMENT FUND | 418,776 | 387,530 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 43,865 | 43,865 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| PREPAID EXPENSES | 700 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| BIBLES | 22,192 | 22,192 | ||
| WORKERS COMP INSURANCE | 312 | |||
| LEASED EMPLOYEE COST | 2,935 | 2,935 | ||
| INSURANCE | 1,506 | |||
| EQUIPMENT REPAIRS | 154 | 154 | ||
| OTHER TAXES | 75 | 75 | 75 | |
| SOFTWARE | 220 | |||
| DUES | 115 | |||
| POSTAGE | 125 | 125 | ||
| PROMOTIONAL & ADVERTISING | 144 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| SALE OF DISCOUNTED BIBLES | 11,811 | 11,811 | |
| 2017 FEDERAL REFUND | 1,839 | 1,839 | 1,839 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| IRS | 1,800 | 1,800 |