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Statements of Assets, Liabilities and Trust Corpus
ASSETS
2019
2018
Cash and Short-term Investments
$2,862,570
$3,526,613
Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3)
424,507
467,580
Total
$3,287,077
$3,994,193
LIABILITIES AND TRUST CORPUS  
Distribution Payable to Unit Holders
$1,812,570
$2,476,613
Commitments and Reserve for Contingencies(Note8)
1,050,000
1,050,000
Total Liabilities
$2,862,570
$3,526,613
Trust Corpus 46,608,796 Units of Beneficial Interest Authorized and Outstanding
424,507
467,580
Total
$3,287,077
$3,994,193
 
Statements of Distributable Income
 
2019
2018
2017
Royalty Income
(Notes 2 and 3)
$20,487,433
$32,088,282
$30,572,202
Interest Income
23,000
26,006
12,675
 
20,510,433
32,114,288
30,572,202
Expenditures
- General and Administrative
1,089,302
1,324,828
1,246,786
Total Expenditures
1,089,302
1,324,828
1,246,786
Distributable Income
$19,421,131
$30,789,460
$29,325,416
Distributable Income per Unit (46,608,796 Units)
$ .42
$ .66
$ .63
Distributions per Unit
$ .42
$ .66
$ .63
The accompanying Notes to Financial Statements are an integral part of these statements.
 
STATEMENTS OF CHANGES IN TRUST CORPUS
 
2019
2018
2017
Trust Corpus, Beginning of Year
$467,580
$529,043
$603,119
Amortization of Net Overriding Royalty Interests (Notes 2 and 3)
(43,073)
(61,463)
(74,076)
Distributable Income
19,421,131
30,789,460
29,325,416
Distributions Declared
(19,421,131)
(30,789,460)
(29,325,416)
Trust Corpus, End of Year
$424,507
$467,580
$529,043