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Statements of Assets, Liabilities and Trust Corpus
ASSETS
2022
2021
Cash and Short-term Investments

$2,855,444
$2,248,527
Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3)

279,433

352,688
Total
$3,134,877
$2,601,215
LIABILITIES AND TRUST CORPUS  
Distribution Payable to Unit Holders

$1,755,444

$1,148,527
Commitments and Reserve for Contingencies(Note8)

1,100,000

1,100,000
Total Liabilities

$2,855,444
$2,248,527
Trust Corpus 46,608,796 Units of Beneficial Interest Authorized and Outstanding

279,433
352,688
Total

$3,134,877
$2,601,215
 
Statements of Distributable Income
 
2022
2021
2020
Royalty Income
(Notes 2 and 3)

$54,417,857
$11,805,514
$12,040,318
Interest Income

48,371
5,112
9,603
 

54,466,228
11,810,626
12,049,921

ReserveforExpenses

-
-
50,000
Expenditures
- General and Administrative

922,404
1,088,851
1,041,303
Total Expenditures

922,404
1,088,851
1,091,303
Distributable Income

$53,543,824

 $10,721,775
$10,958,618
Distributable Income per Unit (46,608,796 Units)
$1.15
$ .23
$ .24
Distributions per Unit
$1.15
$ .23
$ .24
The accompanying Notes to Financial Statements are an integral part of these statements.
 
STATEMENTS OF CHANGES IN TRUST CORPUS
 
2022
2021
2020
Trust Corpus, Beginning of Year

$352,688
$382,876
$424,507
Amortization of Net Overriding Royalty Interests (Notes 2 and 3)

(73,255)
(30,188)
(41,631)
Distributable Income
53,543,824
10,721,775
10,958,618
Distributions Declared
(53,543,824)
 (10,721,775)
(10,958,618)
Trust Corpus, End of Year

279,433
352,688
382,876