| 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 | 4,996 | 200DB | 5.0000 | 212 | 212 | 212 |
| Name of Bond | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| AMERICAN TOWER 5.4% | 101,646 | 103,134 |
| APOLLO GLOBAL MANAGEMENT 5.155 | 74,429 | 75,135 |
| AMGEN INC 3.125% 5/01/2025 | ||
| APPLE INC 2.85% | ||
| BOSTON PPTYS 3.25% 1/30/23 | ||
| CHUBB INA HOLDINGS 4.9% | 203,670 | 201,183 |
| CITIGROUP INC | 200,270 | 200,720 |
| CVS HEALTH CORP 4.3% | ||
| DIAMONDBACK ENERGY 5.15% | 101,166 | 102,857 |
| ENTERPRISE PRODUCTS OPERATING 2.8% | 45,936 | 47,534 |
| ENTERPISE PRODUCTS OPERATING 3.125% | 92,423 | 97,035 |
| EQUINOX 3.2% 11/18/29 | 140,431 | 143,993 |
| GOLDMAN SACHS 4.223% | 72,547 | 75,156 |
| JOHN DEERE CAPITAL CORP FLOATING | 100,067 | 100,230 |
| JP MORGAN CHASE | 175,118 | 175,350 |
| JP MORGAN CHASE | 93,566 | 100,324 |
| JUNIPER NETWORKS 5.95% | ||
| KIMCO REALTY OP LLC 3.8% | 97,573 | 99,899 |
| LOWES COS INC 5.00% 4/15/23 | 248,469 | 256,348 |
| META PLATFORMS 3.5% | 148,084 | 149,703 |
| MORGAN STANLEY VAR | ||
| NETAPP INC 1.875% | ||
| ORACLE CORP 4.65% | ||
| PROLOGIS LP 2.25% | 42,982 | 44,243 |
| PROLOGIS LP 4% | 96,457 | 100,182 |
| REINSURANCE GROUP 5/15/19 3.9% | ||
| REINSURANCE GROUP 6% | 99,493 | 106,688 |
| ROPER TECHNOLOGIES INC 2.95% | 52,336 | 47,836 |
| ROSS STORES INC 4.7% | 154,670 | 150,816 |
| SOUTH SAN ANTONIO TX IND SCHOOL | 152,374 | 150,322 |
| STARBUCKS CORP | ||
| STRYKER CORP 3.50% 3/15/2026 | 173,902 | 174,834 |
| TARRANT CO TEXAS 5% | 136,228 | 138,546 |
| TOYOTA MOTOR CREDIT CORP 5.077 | 50,013 | 50,222 |
| WELLS FARGO & CO VAR 3.35% | 44,287 | 46,667 |
| WHIRLPOOL CORP 4.6% |
| Name of Stock | End of Year Book Value | End of Year Fair Market Value |
|---|---|---|
| ALEXANDRIA REAL ESTATE | ||
| ALPHABET INC | 216,521 | 385,929 |
| AMERICAN TOWER CORP | 193,424 | 179,784 |
| AMGEN INC | 163,215 | 305,380 |
| APPLE INC | 37,125 | 549,973 |
| AVALON BAY | 96,424 | 90,655 |
| BANK OF AMERICA | 239,182 | 417,120 |
| BLACKROCK INC | 134,770 | 234,404 |
| BLACKSTONE GROUP INC | 171,540 | 392,132 |
| BROADCOMM INC | 64,614 | 708,813 |
| CAMDEN PROPERTY TRUST | ||
| CHEVRON CORPORATION | 194,042 | 261,536 |
| CISCO SYSTEMS | 149,175 | 364,121 |
| CITIGROUP INC | 171,197 | 329,649 |
| COCA COLA INC | 177,237 | 255,101 |
| COMCAST CORP | ||
| CONOCOPHILLIPS | 127,341 | 212,869 |
| EATON CORP | 71,046 | 295,896 |
| HOME DEPOT | 90,605 | 223,665 |
| HONEYWELL INTERNATIONAL | 189,086 | 261,616 |
| INVITATION HOMES | ||
| JOHNSON & JOHNSON INC | 231,533 | 485,505 |
| JPMORGAN CHASE | 137,229 | 673,118 |
| KLA-TENCOR CORP | ||
| LOCKHEED MARTIN CORP | 147,746 | 202,658 |
| MCDONALDS CORP | 205,934 | 347,807 |
| MEDTRONIC PLC | 215,515 | 231,889 |
| MERCK & CO | 162,536 | 313,359 |
| META PLATFORMS INC | 128,006 | 143,899 |
| MICROSOFT CORP | 91,078 | 856,491 |
| MONDELEZ INTL INC | ||
| NEXTERA ENERGY INC | 295,160 | 342,073 |
| NOVARTIS AG SPON ADR | 66,284 | 142,971 |
| PEPSICO INC | 124,991 | 230,206 |
| STARBUCKS CORP | 79,337 | 114,357 |
| UNION PACIFIC CORP | 149,975 | 166,088 |
| WALMART INC | 51,443 | 126,784 |
| WILLIAMS COS INC | ||
| AMERICAN ELECTRIC POWER | 227,773 | 340,049 |
| L3HARRIS TECHNOLOGIES | 199,523 | 285,056 |
| MONDOLEZ INTERNATIONAL INC | 166,457 | 205,738 |
| NISOURCE INC | 140,100 | 218,572 |
| SCHLUMBERGER NV | 123,499 | 127,533 |
| SOLSTICE ADVANCED MATERIALS INC | 11,824 | 16,274 |
| WILLIAMS COS INC | 115,085 | 311,791 |
| Category/ Item | Listed at Cost or FMV | Book Value | End of Year Fair Market Value |
|---|---|---|---|
| DOUBLELINE TOTAL RETURN | AT COST | 73,389 | 61,634 |
| VANGUARD IT CORP BOND FD | AT COST | 76,784 | 78,976 |
| VANGUARD TREASURY LONG-TERM ETF | AT COST | 77,832 | 78,008 |
| VANGUARD MORTGAGE BACKED SECURITIES | AT COST | 161,021 | 172,925 |
| VANGUARD SHORT-TERM CORP BOND | AT COST | 44,241 | 46,562 |
| VANGUARD TOTAL BOND MARKET IDX ADM | AT COST | 478,134 | 499,899 |
| Category / Item | Cost / Other Basis | Accumulated Depreciation | Book Value | End of Year Fair Market Value |
|---|---|---|---|---|
| FARMLAND INPROVEMENTS | 107,281 | 106,962 | 319 | |
| 2326 ACRES DAWSON COUNTY | 1,228,233 | 1,228,233 | 2,030,690 | |
| 744 ACRES GAINES COUNTY | 177,500 | 177,500 | 1,062,240 | |
| 1/8 UI WICHITA COUNTY | 13,130 | 13,130 | 33,696 |
| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| OIL & GAS MINERAL INTERESTS | 49,250 | 47,645 | 44,918 |
| Description | Revenue and Expenses per Books | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| AGRICULTURE RENTS | ||||
| CHEMICAL | 13,962 | 13,962 | 13,962 | |
| FERTILIZER | 1,553 | 1,553 | 1,553 | |
| INSURANCE | 21,307 | 21,307 | 21,307 | |
| IRRIGATION REPAIRS | ||||
| SEED | 15,869 | 15,869 | 15,869 | |
| OIL & GAS ROYALTIES | ||||
| TRANSPORTATION AND MARKETING | 70 | 70 | 70 |
| Description | Revenue And Expenses Per Books | Net Investment Income | Adjusted Net Income |
|---|---|---|---|
| OIL & GAS EXTRACTION | 330 | 330 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| OIL & GAS EXTRACTION | 1,741 | 1,741 | ||
| AGRICULTURE RENTS | 24,156 | 24,156 | 24,156 | |
| OIL & GAS ROYALTIES | 710 | 710 | 710 |
| Category | Amount | Net Investment Income | Adjusted Net Income | Disbursements for Charitable Purposes |
|---|---|---|---|---|
| FEDERAL EXCISE TAX | 27,463 | 27,463 | 27,463 | |
| FOREIGN TAX ON INVESTMENTS | 1,450 | 1,450 | 1,450 | |
| AGRICULTURE RENTS | 7,361 | 7,361 | 7,361 | |
| OIL & GAS ROYALTIES | 794 | 794 | 8,155 |