|






| |
Summary
Financial Information
June 30, 2009
NET ASSETS
|
Market Value
|
Carrying Value |
| Cash and cash equivalents |
$ 164,148 |
$
164,148 |
| Marketable Securities |
112,028,853 |
138,542,039 |
| Real estate and minerals |
8,668,750 |
1,029,779 |
| Other assets |
47,763 |
47,763 |
|
______________ |
______________ |
|
$ 120,909,514 |
$ 139,783,729 |
|
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|
|
|
CORPUS
| July 1, 2008 |
|
$ 141,973,540 |
| ADD: |
|
|
| Interest and dividends |
$ 3,843,144 |
|
| Royalties |
1,052,906 |
|
| Other |
327,479 |
$ 5,223,529 |
|
_______________ |
|
| DEDUCT: |
|
|
| Grants |
$ 5,023,264 |
|
| Capital Loss |
906,900 |
|
| Administrative expenses |
1,340,334 |
|
| Production and ad valorem taxes |
142,842 |
|
|
|
$ 7,413,340 |
|
|
_________________ |
| June 30, 2009 |
|
$ 139,783,729 |
| Adjustment to fair market value |
|
(18,874,215) |
|
|
_________________ |
| June 30, 2009 |
|
$ 120,909,514 |
|
|
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