 |
Financial Statement
December 31, 2006
|
ASSETS
|
Market
|
Cost
|
| Common Stock |
$48,874,514 |
$41,398,548 |
| Convertible Securities |
$3,340,033 |
$3,440,639 |
| Fixed Income |
$13,853,422 |
$14,035,329 |
| Miscellaneous |
$372,142 |
$228,602 |
| Liquidity (Includes Checking) |
$1,894,777 |
$1,894,777 |
Total Assets
|
$68,334,888 |
$60,997,895 |
Statement of Income and Disbursements
January 1, 2006 to December 31, 2006
|
| INCOME |
| Dividends and Interest |
$1,678,941 |
| Net Gain from Sale of Assets |
$8,406,655 |
| Other Income |
$75,043 |
| Operating Fund |
$0 |
Total Income
|
$10,160,639 |
|
DISBURSEMENTS FROM INCOME
|
| Grants Paid |
$3,949,370 |
| Investment and Administrative |
$740,956 |
| Accounting Adjustment |
$( 19,676)
|
| Excise Tax |
$101,837 |
Total Disbursements
|
$4,772,487 |
|
|
