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Statements of Assets, Liabilities and Trust Corpus
ASSETS
2015
2014
Cash and Short-term Investments
$1,464,757
$2,105,320
Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3)
680,686
722,947
Total
$2,145,443
$2,828,267
LIABILITIES AND TRUST CORPUS  
Distribution Payable to Unit Holders
$964,757
$2,105,320
Trust Expenses Payable
500,000
0
Total
1,464,757
2,105,320
Commitments and Contingencies (Note 8)
Trust Corpus - 46,608,796 Units of Beneficial Interest Authorized and Outstanding
680,686
722,947
Total
$2,145,443
$2,828,267
 
Statements of Distributable Income
 
2015
2014
2013
Royalty Income
(Notes 2 and 3)
$17,795,462
$49,010,648
$41,746,191
Interest Income
103
263
472
 
17,795,565
49,010,911
41,746,663
Expenditures
- General and Administrative
1,245,863
1,293,418
1,226,932
- Reserve
500,000
0
0
 
1,745,863
1,293,418
1,226,932
Distributable Income
$16,049,702
$47,717,493
$40,519,731
Distributable Income per Unit (46,608,796 Units)
$ .34
$ 1.02
$ .87
Distributions per Unit
$ .34
$ 1.02
$ .87
The accompanying Notes to Financial Statements are an integral part of these statements.