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Statements of Assets, Liabilities and Trust Corpus
ASSETS
2018
2017
Cash and Short-term Investments
$3,526,613
$3,421,419
Net Overriding Royalty Interests in Producing Oil and Gas Properties - Net (Notes 2 and 3)
467,580
529,043
Total
$3,994,193
$3,950,462
LIABILITIES AND TRUST CORPUS  
Distribution Payable to Unit Holders
$2,476,613
$2,371,419
Commitments and Reserve for Contingencies(Note8)
1,050,000
1,050,000
Total Liabilities
$3,526,613
$3,421,419
Trust Corpus 46,608,796 Units of Beneficial Interest Authorized and Outstanding
467,580
529,043
Total
$3,994,193
$3,950,462
 
Statements of Distributable Income
 
2018
2017
2016
Royalty Income
(Notes 2 and 3)
$32,088,282
$30,572,202
$21,087,908
Interest Income
26,006
12,675
2,643
 
32,114,288
30,572,202
21,090,551
Expenditures
- General and Administrative
1,324,828
1,246,786
1,191,716
- Reserve
---
---
550,000
Total Expenditures
1,324,828
1,246,786
1,741,716
Distributable Income
$30,789,460
$29,325,416
$19,348,835
Distributable Income per Unit (46,608,796 Units)
$ .66
$ .63
$ .42
Distributions per Unit
$ .66
$ .63
$ .42
The accompanying Notes to Financial Statements are an integral part of these statements.