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Statements of Assets, Liabilities and Trust Corpus
ASSETS
2017
2016
Cash and Short-term Investments
$3,421,419
$3,795,604
Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3)
529,043
603,119
Total
$3,950,462
$4,398,723
LIABILITIES AND TRUST CORPUS  
Distribution Payable to Unit Holders
$2,371,419
$2,745,604
Commitments and Reserve for Contingencies(Note8)
1,050,000
1,050,000
Total Liabilities
$3,421,419
$3,795,604
Trust Corpus 46,608,796 Units of Beneficial Interest Authorized and Outstanding
529,043
603,119
Total
$3,950,462
$4,398,723
 
Statements of Distributable Income
 
2017
2016
2015
Royalty Income
(Notes 2 and 3)
$30,559,527
$21,087,908
$17,795,462
Interest Income
12,675
2,643
103
 
30,572,202
21,090,551
17,795,565
Expenditures
- General and Administrative
1,246,786
1,191,716
1,245,863
- Reserve
---
550,000
500,000
Total Expenditures
1,246,786
1,741,716
1,745,863
Distributable Income
$29,325,416
$19,348,835
$16,049,702
Distributable Income per Unit (46,608,796 Units)
$ .63
$ .42
$ .34
Distributions per Unit
$ .63
$ .42
$ .34
The accompanying Notes to Financial Statements are an integral part of these statements.