| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INDIRECT ACCOUNTING FEES | 3,500 | 3,500 | 3,500 | 1,750 |
| Contractor | Explanation |
|---|---|
| FIRST FINANCIAL TRUST AND ASSET MGMT | TRUSTEE |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| IRRIGATION WELL | 2003-03-07 | 40,582 | 40,582 | S/L | 10.0000 | ||||
| 7 TOWER PIVOT SYSTEM | 2003-04-15 | 35,252 | 35,252 | S/L | 10.0000 | ||||
| IRRIGATION WELL | 2004-07-08 | 6,997 | 6,997 | S/L | 10.0000 | ||||
| IRRIGATION PUMP & MOTOR | 2005-04-12 | 11,030 | 11,030 | S/L | 10.0000 | ||||
| IRRIGATION PUMP | 2021-03-11 | 4,132 | 4,132 | 200DB | 5.0000 | ||||
| IRRIGATION PUMP | 2021-09-14 | 3,761 | 3,761 | 200DB | 5.0000 | ||||
| IRRIGATOIN PUMP | 2023-07-24 | 5,527 | 4,642 | 200DB | 5.0000 | 354 | 354 | 354 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN TOWER 5.4% | 101,755 | 99,009 |
| AMGEN INC 3.125% 5/01/2025 | ||
| APPLE INC 2.85% | 150,399 | 148,210 |
| BOSTON PPTYS 3.25% 1/30/23 | 66,348 | 65,970 |
| CVS HEALTH CORP 4.3% | ||
| DIAMONDBACK ENERGY 5.15% | 101,308 | 100,213 |
| ENTERPRISE PRODUCTS OPERATING 2.8% | 45,146 | 45,213 |
| ENTERPISE PRODUCTS OPERATING 3.125% | 90,762 | 93,056 |
| EQUINOX 3.2% 11/18/29 | 138,318 | 137,899 |
| GOLDMAN SACHS 4.223% | 71,924 | 72,976 |
| JP MORGAN CHASE | 92,443 | 97,341 |
| JUNIPER NETWORKS 5.95% | ||
| KIMCO REALTY OP LLC 3.8% | 96,061 | 97,953 |
| LOWES COS | 248,508 | 246,220 |
| LOWES COS INC 5.00% 4/15/23 | ||
| META PLATFORMS 3.5% | 147,183 | 146,637 |
| MORGAN STANLEY VAR | ||
| NETAPP INC 1.875% | ||
| ORACLE CORP 4.65% | 145,671 | 147,877 |
| PROLOGIS LP 2.25% | 42,081 | 41,612 |
| PROLOGIS LP 4% | 95,394 | 97,367 |
| REINSURANCE GROUP 5/15/19 3.9% | 98,057 | 95,522 |
| REINSURANCE GROUP 6% | 99,493 | 102,800 |
| ROPER TECHNOLOGIES INC 2.95% | 52,896 | 45,675 |
| ROSS STORES INC 4.7% | 157,686 | 147,896 |
| SOUTH SAN ANTONIO TX IND SCHOOL | 154,691 | 149,175 |
| STARBUCKS CORP | 176,039 | 174,111 |
| STRYKER CORP 3.50% 3/15/2026 | 171,781 | 172,659 |
| TARRANT CO TEXAS 5% | 137,893 | 137,244 |
| TOYOTA MOTOR CREDIT CORP 5.077 | 50,023 | 50,161 |
| WELLS FARGO & CO VAR 3.35% | 43,701 | 43,833 |
| WHIRLPOOL CORP 4.6% |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALEXANDRIA REAL ESTATE | 241,338 | 191,491 |
| AMERICAN TOWER CORP | 136,590 | 133,889 |
| AMGEN INC | 163,215 | 243,177 |
| APPLE INC | 42,657 | 596,250 |
| BANK OF AMERICA | 242,545 | 363,247 |
| BLACKROCK INC | 129,904 | 290,106 |
| BLACKSTONE GROUP INC | 224,311 | 602,091 |
| BROADCOMM INC | 128,355 | 938,025 |
| CAMDEN PROPERTY TRUST | 117,849 | 125,555 |
| CHEVRON CORPORATION | 240,568 | 319,227 |
| CISCO SYSTEMS | 185,646 | 382,728 |
| CITIGROUP INC | 275,002 | 300,354 |
| COCA COLA INC | 152,977 | 213,552 |
| COMCAST CORP | 210,575 | 182,358 |
| CONOCOPHILLIPS | 127,341 | 225,513 |
| EATON CORP | 71,046 | 308,307 |
| HOME DEPOT | 90,605 | 252,844 |
| HONEYWELL INTERNATIONAL | 200,919 | 302,918 |
| INVITATION HOMES | 129,158 | 125,674 |
| JOHNSON & JOHNSON INC | 231,533 | 339,279 |
| JPMORGAN CHASE | 149,116 | 570,989 |
| KLA-TENCOR CORP | ||
| LOCKHEED MARTIN CORP | 164,223 | 295,452 |
| MCDONALDS CORP | 223,877 | 389,902 |
| MEDTRONIC PLC | 215,515 | 192,830 |
| MERCK & CO | 161,192 | 294,560 |
| MICROSOFT CORP | 93,885 | 792,420 |
| MONDELEZ INTL INC | 194,162 | 268,546 |
| NEXTERA ENERGY INC | 210,143 | 217,221 |
| NOVARTIS AG SPON ADR | 66,284 | 100,910 |
| PEPSICO INC | 124,991 | 243,904 |
| STARBUCKS CORP | 115,654 | 184,508 |
| UNION PACIFIC CORP | 94,129 | 105,126 |
| WALMART INC | 87,608 | 175,098 |
| WILLIAMS COS INC | 178,327 | 441,619 |
| AMERICAN ELECTRIC POWER | 227,772 | 271,986 |
| NISOURCE INC | 155,518 | 213,796 |
| SCHLUMBERGER NV | 136,170 | 120,158 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| DOUBLELINE TOTAL RETURN | AT COST | 73,200 | 59,722 |
| VANGUARD IT CORP BOND FD | AT COST | 80,282 | 79,146 |
| VANGUARD TREASURY LONG-TERM ETF | AT COST | 42,932 | 42,398 |
| VANGUARD MORTGAGE BACKED SECURITIES | AT COST | 201,299 | 208,836 |
| VANGUARD SHORT-TERM CORP BOND | 92,071 | 95,016 | |
| VANGUARD TOTAL BOND MARKET IDX ADM | AT COST | 567,540 | 576,071 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FARMLAND INPROVEMENTS | 107,281 | 106,750 | 531 | |
| 2326 ACRES DAWSON COUNTY | 1,228,233 | 1,228,233 | 1,696,010 | |
| 744 ACRES GAINES COUNTY | 177,500 | 177,500 | 770,210 | |
| 1/8 UI WICHITA COUNTY | 13,130 | 13,130 | 33,359 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OIL & GAS MINERAL INTERESTS | 50,648 | 49,250 | 42,085 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AGRICULTURE RENTS | ||||
| CHEMICAL | ||||
| FERTILIZER | 6,005 | 6,005 | 6,005 | |
| INSURANCE | 15,523 | 15,523 | 15,523 | |
| IRRIGATION REPAIRS | 4,425 | 4,425 | 4,425 | |
| SEED | 16,634 | 16,634 | 16,634 | |
| EXPENSES | ||||
| POSTAGE | 31 | 31 | 31 | |
| TAX RELIEF SERVICE FEE | 106 | 106 | 106 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| FEDERAL EXCISE TAX REFUND | 6,400 | 6,400 | |
| OIL & GAS EXTRACTION | 534 | 534 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OIL & GAS EXTRACTION | 1,911 | 1,911 | ||
| AGRICULTURE RENTS | 20,953 | 20,953 | 20,953 | |
| OIL & GAS ROYALTIES | 598 | 598 | 598 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | ||||
| FOREIGN TAX ON INVESTMENTS | 2,027 | 2,027 | 2,027 | |
| OIL & GAS EXTRACTION | 20 | 20 | ||
| AGRICULTURE RENTS | 7,459 | 7,459 | 7,479 | |
| OIL & GAS ROYALTIES | 766 | 766 | 8,245 |