| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| TAX PREP FEE | 1,600 | 800 | 0 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALLSTATE CORP BOND 6.9% 05/15/38 | 28,378 | 28,625 |
| ALTRIA GROUP INC 9.95% 11/10/2038 | 131,028 | 128,778 |
| AMERICAN EXPRESS CO 8.15 | 70,594 | 63,298 |
| APPALACHIAN PWR CO SER Q NOTE 7.00% 04/01/2038 | 55,476 | 45,272 |
| BERKSHIRE HATHAWAY ENERGY 5.95% 05/15/37 | 44,693 | 37,519 |
| BNSF FUNDING TRUST 1 NOTE CALL MAKE WHOL 6.610% 12/15/2055 | 109,039 | 100,048 |
| FIRST CTZNS BANCSHARES INC | 54,455 | 56,093 |
| GENENTECH INC NOTE CALL MAKE WHOLE 5.25% 07/15/2035 | 64,010 | 49,398 |
| LOWES COS INC NOTE 6.65% 09/15/37 | 110,396 | 113,152 |
| NEVADA POWER CO BOND CALL | 101,788 | 101,174 |
| OCCIDENTAL PETR 7.87% 09/15/2031 | 23,917 | 22,870 |
| PLAINS ALL AMERN PIPELINE L P NOTE 6.65% 01/15/2037 | 108,832 | 108,647 |
| PPL ELEC UTILS CORP BOND CALL MAKE WHOLE 6.25% 05/15/2039 | 21,380 | 21,925 |
| ROGERS COMMUNICATIONS INC 8.75% 05/01/2032 | 30,884 | 29,432 |
| RTX CORP NOTE 5.25% 03/15/34 | 36,765 | 38,294 |
| TRANSCANADA PIPELINES LTD BOND 6.20% 10/15/2037 | 6,528 | 5,327 |
| TRI-STATE GENERATION & TRANSMIS BOND 4.7% 11/01/44 | 41,777 | 42,919 |
| UNITED STATES TREAS BDS 6.00% 02/15/2026 | 100,244 | 100,264 |
| ZIMMER BIOMET 4.25% 08/15/2035 | 61,972 | 55,777 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 3M CO | 62,532 | 115,432 |
| ABBOTT LABORATORIES | 66,212 | 84,821 |
| ABBVIE INC | 66,785 | 115,387 |
| ALPHABET INC CLASS A | 33,997 | 112,680 |
| APPLE INC | 62,055 | 115,541 |
| BANK OF AMERICA | 68,678 | 126,500 |
| BROADCOM INC | 28,487 | 95,178 |
| CHENIERE ENERGY INC NEW | 68,667 | 93,307 |
| CISCO SYSTEMS INC | 59,780 | 104,761 |
| COSTCO WHOLESALE CORP | 89,968 | 86,234 |
| EXXON MOBIL CORP COM | 69,260 | 96,272 |
| GENERAL MOTORS CO | 55,577 | 130,112 |
| HONEYWELL INTL INC | 86,265 | 99,496 |
| INTERNATIONAL BUSINESS MACHINES | 49,039 | 108,117 |
| JPMORGAN CHASE & CO | 39,809 | 117,610 |
| LOWES COMPANIES | 58,988 | 96,464 |
| MASTERCARD INC | 60,455 | 114,176 |
| MICROSOFT CORP | 34,104 | 85,117 |
| ORACLE CORPORATION | 30,863 | 83,811 |
| RAYTHEON TECHNOLOGIES CORP COM | 48,783 | 103,621 |
| SOLSTICE ADVANCED MATLS INC | 5,232 | 6,170 |
| THERMO FISHER SCIENTIFIC INC | 82,974 | 102,563 |
| TJX COMPANIES INC | 42,627 | 115,976 |
| VANGUARD TOTAL INTERNATIONAL STOCK | 92,861 | 95,809 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| AMERICAN TOWER CORPORATION | AT COST | 73,035 | 59,694 |
| Description | Amount |
|---|---|
| BASIS ADJUSTMENT | 2,079 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| MISCELLANEOUS | 942 | 0 | 0 | |
| MA FILING FEE | 175 | 0 | 0 |
| Description | Beginning of Year - Book Value | End of Year - Book Value |
|---|---|---|
| OUTSTANDING CHECKS AT 12/31 | 1,800 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| INVESTMENT MANAGEMENT FEES | 22,798 | 22,798 | 0 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL TAXES | 3,885 | 0 | 0 | |
| FOREIGN TAXES | 123 | 123 | 0 |