Financial Report
Financial Statement
December 31, 2011

Assets 2011
Managed Assets

$16,257,469
Equity and Fixed Income Mutual Funds

1,154,852
Cash & Cash Equivalents 1,346,978
 
Total Assets

$18,759,299

Statement of Revenue & Disbursements
January 1 - December 31, 2011

Income:
Interest & Dividends $588,951
Net Gain from Sale of Assets 45,166
Income from Alternative Investments 667,100
 
Total Income $1,301,217
Disbursements from Income:
Grants Paid $1,024,550
Business Taxes 14,235
Operating and Administrative Expenses 12,277
Total Disbursements $1,051,062
Net Income $250,155