| 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 |
|---|---|---|---|---|---|---|---|---|---|
| BEGINNING ASSETS | 2015-06-30 | 286,726 | 94,182 | SL | 21.000000000000 | 13,654 | 0 | 13,654 | |
| BUILDING | 2017-12-20 | 157,289 | 14,116 | SL | 39.000000000000 | 4,033 | 0 | 4,033 | |
| LAND - TWO HARBORS | 2021-06-17 | 46,295 | L | 0 | 0 | 0 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| MUTUAL FUNDS | AT COST | 397,192 | 387,891 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDING & EQUPMENT | 444,015 | 125,985 | 318,030 | 490,310 |
| LAND | 46,295 | 0 | 46,295 | 46,295 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT FEES | 4,281 | 4,281 | 0 | 0 |
| INSURANCE | 18,833 | 0 | 0 | 18,833 |
| OFFICE EXPENSES | 15,968 | 0 | 0 | 15,968 |
| STAFF DEVELOPMENT | 1,459 | 0 | 0 | 1,459 |
| PROGRAM SUPPLIES AND EQUIPMENT | 51,613 | 0 | 0 | 51,613 |
| COMMUNICATIONS | 2,343 | 0 | 0 | 2,343 |
| EQUIPMENT RENT | 859 | 0 | 0 | 859 |
| SCHOOL DISTRICT EXPENSES | 250 | 0 | 0 | 250 |
| REPAIR AND MAINTENANCE | 870 | 0 | 0 | 870 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| MEMBERSHIP DUES AND ASSESSMENTS | 69,201 | 69,201 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| DUE TO RED WING ISD #256 | 313,953 | 253,991 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| CONSULTING | 2,802 | 0 | 0 | 2,802 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| PAYROLL | 16,675 | 0 | 0 | 16,675 |