| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 2,050 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| DEMCO SPRAYER | 2006-09-22 | 2,400 | 2,400 | S/L | 5.0000 | ||||
| GREAT PLAINS GRAIN DRILL | 2006-09-22 | 15,700 | 15,700 | S/L | 5.0000 | ||||
| NEW HOLLAND TRACTOR W/LOADER | 2007-02-28 | 33,000 | 33,000 | S/L | 5.0000 | ||||
| BUSH HOG ROTARY CUTTER | 2007-02-28 | 10,500 | 10,500 | S/L | 5.0000 | ||||
| USED SPRAYER | 2007-04-17 | 1,500 | 1,500 | S/L | 5.0000 | ||||
| USED CULTIPACER | 2007-05-04 | 450 | 450 | S/L | 5.0000 | ||||
| SPRAYER TANK | 2007-05-04 | 441 | 441 | S/L | 5.0000 | ||||
| AXIM PDA | 2007-05-24 | 295 | 295 | S/L | 5.0000 | ||||
| DRAG FOR FARMING | 2007-06-14 | 514 | 514 | S/L | 5.0000 | ||||
| CUDDYBACK CAMERA | 2007-07-26 | 4,300 | 4,300 | S/L | 5.0000 | ||||
| CUDDYBACK CAMERA SYSTEM | 2007-10-21 | 4,600 | 4,600 | S/L | 5.0000 | ||||
| SPRAYER FOR ENCLOSURES | 2007-12-17 | 544 | 544 | S/L | 5.0000 | ||||
| WATER WELL | 2008-06-10 | 5,450 | 1,573 | S/L | 39.0000 | 136 | |||
| CAMERA | 2008-02-12 | 424 | 424 | S/L | 5.0000 | ||||
| WATER WELL | 2008-10-28 | 8,674 | 2,431 | S/L | 39.0000 | 216 | |||
| FARMING DISK | 2009-08-11 | 650 | 650 | S/L | 5.0000 | ||||
| NEW HOLLAND TRACTOR T7050 Z8BG0 | 2011-04-18 | 102,500 | 102,500 | S/L | 5.0000 | ||||
| CASE FIELD CULTIVATOR 4600 00556 | 2011-04-18 | 5,500 | 5,500 | S/L | 5.0000 | ||||
| WILMAR SPREADER SUPTER 500 | 2011-04-18 | 4,000 | 4,000 | S/L | 5.0000 | ||||
| BRILLION CULTIPACKER X108 16416 | 2011-04-18 | 8,000 | 8,000 | S/L | 5.0000 | ||||
| GLOBAL GUIDANCE SYSTEM | 2011-04-18 | 2,500 | 2,500 | S/L | 5.0000 | ||||
| WHITE DISK 271 26308 | 2011-04-18 | 7,500 | 7,500 | S/L | 5.0000 | ||||
| SPRAYER | 2011-06-15 | 1,800 | 1,800 | S/L | 5.0000 | ||||
| WOOD SPLITTER | 2011-06-15 | 2,200 | 2,200 | S/L | 5.0000 | ||||
| SUNFLOWER 24' DISC | 2013-04-23 | 19,500 | 18,804 | S/L | 7.0000 | 696 | |||
| WEED WIPER 8' TRACTOR MOUNT | 2013-06-03 | 4,150 | 4,002 | S/L | 7.0000 | 148 | |||
| M-TILLAGE | 2013-10-05 | 3,982 | 3,840 | S/L | 7.0000 | 142 | |||
| GLASSWORKS MFG EQUIPMENT | 2013-08-06 | 2,600 | 2,507 | S/L | 7.0000 | 93 | |||
| 2012 HONDA ATV | 2014-04-30 | 9,511 | 9,511 | S/L | 5.0000 | ||||
| 2-2014 HONDA RUCKUS | 2015-07-01 | 5,000 | 4,500 | S/L | 5.0000 | 500 | |||
| NEW HOLLAND TRACTOR T4-120 ZGLE5 | 2016-06-15 | 66,000 | 33,000 | S/L | 7.0000 | 4,714 | |||
| GIS MAPPING SYSTEM | 2016-07-30 | 3,336 | 2,335 | S/L | 5.0000 | 667 | |||
| 1/2 NEW HOLLAND COMPACT TRACTOR LOADER | 2017-08-31 | 39,196 | 13,999 | S/L | 7.0000 | 5,599 | |||
| 1/2 COMMERCIAL GRINDER | 2017-11-20 | 2,849 | 1,425 | S/L | 5.0000 | 569 | |||
| 1/2 VIRNIG SKID STEER ATTACHMENT | 2017-12-20 | 2,750 | 982 | S/L | 7.0000 | 393 | |||
| 1/2 NEW HOLLAND 36" AUGER | 2017-12-20 | 1,750 | 625 | S/L | 7.0000 | 250 | |||
| 1/2 NEW HOLLAND 12" AUGER | 2017-12-20 | 1,000 | 357 | S/L | 7.0000 | 143 | |||
| TREE SPADE | 2018-11-22 | 17,000 | 2,732 | S/L | 7.0000 | 2,429 | |||
| CONIFER TREE PLANTING | 2019-05-24 | 40,000 | 3,333 | S/L | 7.0000 | 5,715 | |||
| NH T7050 REPAIR | 2019-06-11 | 10,257 | 1,026 | S/L | 5.0000 | 2,051 | |||
| GRAVITY WAGON W/AUGER | 2020-05-27 | 8,125 | S/L | 5.0000 | 1,016 | ||||
| NEW HOLLAND 6050 TRACTOR | 2020-12-15 | 62,500 | S/L | 5.0000 | 1,563 |
| Name | Date Acquired | How Acquired | Date Sold | Purchaser Name | Gross Sales Price | Basis | Basis Method | Sales Expenses | Total (net) | Accumulated Depreciation |
|---|---|---|---|---|---|---|---|---|---|---|
| NEW HOLLAND TRACTOR T4-120 | 2016-06 | PURCHASE | 2020-12 | 32,500 | 66,000 | 4,214 | 37,714 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| EQUIPMENT | 456,948 | 305,625 | 151,323 | 63,199 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| PLANTING PROGRAM | 88,101 | 88,101 | ||
| FISH RESTOCK | 10,260 | 10,260 | ||
| LAKE & RIVER CONSERVATION | 156 | 156 | ||
| LAND CONSERVATION | 3,328 | 3,328 | ||
| HABITAT MANAGEMENT | 3,428 | 3,428 | ||
| WILDLIFE CONSULTING | 21,806 | 21,806 | ||
| EQUIPMENT REPAIRS | 16,452 | |||
| BANK SERVICE CHARGES | 62 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| NOTE PAYABLE, EQUIP | 24,000 | 12,000 |
| NOTE PAYABLE, 1/2 TRACTOR | 22,045 | 14,913 |
| Name | Address |
|---|---|
| TURTLE LAKE CLUB |
5215 TURTLE LAKE RD HILLMAN,MI49746 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT TAXES/LICENSES | 20 |