| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| ACCOUNTING FEES | 4,700 | 4,700 |
| 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 |
|---|---|---|---|---|---|---|---|---|---|
| ROOF | 2010-06-01 | 8,909 | 6,453 | STRAIGHT LINE | 20.0000 | 445 | 445 | ||
| WATER WELL | 2025-04-10 | 19,845 | STRAIGHT LINE | 15.0000 | 1,323 | 1,323 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| 1ST UNION NATL NK | 33,952 | 31,611 |
| AIM COUNSELOR SER TR | 147,196 | 134,611 |
| BANK OF AMERICA CORP MTNV | 100,000 | 98,843 |
| CAPITAL ONE | 95,351 | 103,221 |
| CB ONEOK INC | 83,452 | 85,527 |
| CITIGROUP | 57,000 | 48,540 |
| COLUMBIA PIPLINE | ||
| DOMINION | ||
| EATON VANCE MUT FDS TR FLT RT L | 144,315 | 134,228 |
| ENTERGY | 29,027 | 29,633 |
| FIDELITY ADVISOR SER I | 150,000 | 149,671 |
| FIRST HORIZON CORPORATION | ||
| HIGHWOODS RLTY LTD PARTNRSHP | 70,768 | 78,820 |
| MORGAN STANLEY 5.5% | 50,000 | 51,846 |
| MORGAN STANLEY 6% | 50,000 | 50,890 |
| MORGAN STANLEY FIN 2.25% | 75,000 | 69,886 |
| NATIONAL RURAL UTIL COOP FIN | 25,000 | 24,758 |
| NATIONAL RURAL UTILS COOP FIN | ||
| ROYAL BNK CANADA | 200,000 | 199,186 |
| VERIZON COMMUNICATIONS INC | 47,257 | 49,664 |
| COMERICA INC | 55,957 | 59,407 |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ANALOG DEVICES, INC. | 53,278 | 135,600 |
| BANK NEW YORK MELLON CORP | 18,761 | 46,436 |
| BERKSHIRE HATHAWAY INC | 17,987 | 226,193 |
| CENCORA INC/AMERISOURCE | 31,271 | 135,100 |
| CENTRAL VALLEY AG COOPERATIVE | 10 | 10 |
| CISCO SYSTEMS INC | 31,462 | 53,921 |
| COMCAST CORP | 53,109 | 44,835 |
| ELEVANCE HEALTH INC | 84,168 | 105,165 |
| ENBRIDGE INC | 27,481 | 38,264 |
| EXXON MOBIL CORP | 23,213 | 60,170 |
| FIDELITY ADVISOR SER VII | 17,946 | 17,360 |
| FIDELITY COMWLTH TR | 30,000 | 34,513 |
| FIDELITY SEL HEALTH CARE | 10,000 | 23,545 |
| FIDELITY SELECT BIOTECH PORTFO | 8,510 | 48,793 |
| HOME DEPOT INC | 50,792 | 146,243 |
| HONEYWELL INT'L INC | 40,541 | 58,527 |
| INVESCO QQQ | 19,328 | 184,293 |
| ISAHRES MSCI EAFE | 21,342 | 28,809 |
| ISHARES SELECT DIVIDEND INDEX | 45,217 | 70,570 |
| ISHARES TR U.S. PFD STK ETF | 93,494 | 77,400 |
| JPMORGAN CHASE & CO | 31,497 | 96,666 |
| MASTERCARD INC | 16,560 | 102,758 |
| MCDONALDS CORP | 63,967 | 213,941 |
| MEDTRONIC INC | 124,055 | 172,908 |
| MFS SER TR VI GLB EQTY FD R6 | ||
| MICROSOFT CORP | 30,187 | 205,539 |
| MIDWAY COOP, OSBORNE | 10 | 10 |
| NEW PERSPECTIVE FD INC CL F 3 | 167,414 | 252,656 |
| OMNICOM GROUP INC | 100,299 | 113,050 |
| ORACLE CORPORATION | 57,227 | 233,892 |
| PEPSICO INC | 21,906 | 100,464 |
| PFIZER INC | 14,046 | 12,450 |
| PROCTER & GAMBLE CO | 23,348 | 71,655 |
| S&P SPDR CONSUMER DISCRETION | 5,353 | 38,211 |
| S&P SPDR ENERGY | 52,076 | 107,304 |
| S&P SPDR FINANCIALS | 33,517 | 82,155 |
| S&P SPDR TECHNOLOGY | 30,938 | 143,970 |
| SANOFI ADR | 11,348 | 14,538 |
| SELECT SECTOR SPDR | 34,969 | 40,350 |
| SPDR DOW JONES INDUSTRIAL AVE | 16,991 | 72,086 |
| UNILEVER PLC ADR | 100,063 | 116,216 |
| UNITEDHEALTH GROUP INC | ||
| VANGUARD COMMUNICATION SERVICES | 32,949 | 77,452 |
| VANGUARD S&P 500 INDEX ETF | 117,372 | 313,565 |
| VERIZON COMMUNICATIONS INC | 5,863 | 8,146 |
| WALMART | 33,796 | 233,961 |
| SOLSTICE ADVANCED | 2,537 | 3,644 |
| Category/ Item | Cost/Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| BUILDINGS & EQUIPMENT | 41,944 | 21,411 | 20,533 | 20,533 |
| LAND | 779,807 | 779,807 | 8,433,295 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| LEGAL FEES | 3,600 | 3,600 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| DEFFERED PATRONAGE | 21,772 | 22,402 | 22,402 |
| ACCRUED DIVIDENDS, INTEREST, AND CAP | 3,016 | 1,336 | 1,336 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| EXPENSES | ||||
| CHEMICAL | 6,730 | 6,730 | ||
| FERTILIZER | 12,931 | 12,931 | ||
| INSURANCE | 10,218 | 10,218 | ||
| UTILITIES | 765 | 765 | ||
| REPAIRS | 29 | 29 | ||
| MISCELLANEOUS EXPENSE | 312 | 312 | ||
| INVESTMENT FEES | 45 | 45 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| GRAIN SALES | 49,258 | 49,258 | |
| PATRONAGE DIVIDEND | 3,382 | 3,382 | |
| FARM GOVERNMENT PAYMENTS | 19,401 | 19,401 | |
| CROP INSURANCE | 5,504 | 5,504 | |
| REIMBURSEMENTS | 4,738 | 4,738 | |
| CAPTIAL CREDITS | 62 | 62 | |
| SCHOLARSHIP & GRANT REFUNDS | 6,650 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| REAL ESTATE TAXES | 22,020 | 22,020 | ||
| 990-PF ESTIMATED INCOME TAX | 3,946 | 3,946 | ||
| FOREIGN TAXES | 2,033 | 2,033 |