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COMMISSIONERS OF THE LAND OFFICE ADMINISTRATORS OF THE SCHOOL LAND TRUST of OKLAHOMA |
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COMMISSIONERS OF THE LAND OFFICE'S
SCHOOL LAND TRUST - COMPARATIVE STATEMENT
ASSETS, LIABILITIES AND TRUST RESERVE- YEAR ENDED JUNE 30, 2004
(UNAUDITED)
| ASSETS | ||||
| PERMANENT FUNDS | FY-2001 | FY-2002 | FY-2003 | FY-2004 |
| Cash and Cash Equivalents (1) |
$ 58,306,078 |
$ 77,181,185 |
$ 53,230,187 |
$ 111,944,260 |
| Farm Loans |
802,629 |
662,552 |
440,837 |
357,858 |
| Installment Sales |
71,699 |
51,262 |
29,987 |
7,784 |
| Investment in Bonds, at Par |
541,759,923 |
514,750,795 |
517,270,092 |
572,127,084 |
| Unamortized Premium on Bonds,(Net) |
(2,724,040) |
4,720,739 |
6,364,642 |
(22,279,787) |
| Accrued Interest on Purchases |
1,506,687 |
1,330,019 |
615,831 |
1,076,977 |
| Investment in Equities |
388,535,101 |
368,479,993 |
322,876,723 |
369,751,442 |
| Alternative Investments |
0 |
25,000,000 |
65,000,000 |
65,000,000 |
| Investment in Capitol Projects |
212,807 |
285,055 |
348,036 |
401,313 |
| Grant Land at $1.00 Per Acre |
697,975 |
695,961 |
693,433 |
693,400 |
| Foreclosed Land at $1.00 Per Acre |
54,285 |
52,095 |
51,447 |
51,305 |
| Foreclosed Land, at Cost |
5,324,421 |
5,083,294 |
4,936,817 |
4,936,817 |
| Total Permanent Funds |
994,547,565 |
998,292,950 |
971,858,032 |
1,104,068,453 |
| REVENUE FUNDS |
FY-2001 |
FY-2002 |
FY-2003 |
FY-2004 |
| Cash and Cash Equivalents (1) |
3,172,211 |
4,751,412 |
6,800,043 |
4,789,743 |
| Interest Receivable: Farm Loans |
87,690 |
103,070 |
24,091 |
13,100 |
| Surface Rent Receivable |
1,904,278 |
1,949,602 |
1,957,189 |
1,821,462 |
| Reserve for Uncollectables |
(462,860) |
(557,735) |
(574,040) |
(613,355) |
| Total Revenue Funds |
4,701,319 |
6,246,349 |
8,207,283 |
6,010,950 |
| TOTAL ASSETS |
$999,248,884 |
$1,004,539,299 |
$ 980,065,315 |
>$1,110,079,403 |
| LIABILITIES & TRUST RESERVE | ||||
| LIABILITIES | $ 0 | $ 0 | $ 0 | $ 0 |
| TRUST RESERVE | FY-2001 | FY-2002 | FY-2003 | FY-2004 |
| Permanent Trust | 958,398,413 | 962,645,605 | 934,453,990 | 1,066,495,385 |
| Billed and Uncollected | 1,529,108 | 1,494,937 |
1,407,240 | 1,221,207 |
| Collected and Undistributed | 3,172,211 | 4,751,412 | 6,800,043 | 4,789,743 |
| Gain on Sale: Grant Land |
32,074,070 |
31,260,854 |
32,884,214 |
32,956,380 |
| Foreclosed Land |
4,075,082 |
4,386,491 |
4,519,828 |
4,616,688 |
| Total Trust Reserve |
999,248,884 |
1,004,539,299 |
980,065,315 |
1,110,079,403 |
| TOTAL LIABILITIES & TRUST RESERVE |
$999,248,884 |
$1,004,539,299 |
$ 980,065,315 |
$1,110,079,403 |
| (1) Includes funds invested at the State Treasurer's Office and at the Custodial Banker. | ||||