HomeMy WebLinkAbout05-18-07
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FIRST AND FINAL ACCOUNT
OF JAMES A. DUNKLE AND JOHN E. SLIKE, EXECUTORS
FOR THE ESTATE OF ARTHUR M. DUNKLE
NO. 2005 - 00946
Date of Death:
10-15-05
Date of Executor's Appointment:
10-26-05
Advertisement of Grant of Letters:
The Sentinel:
Cumberland Law Journal:
11-23-05,11-30-05,12-07-05
12-02-05, 12-09-05, 12-16-05
Accounting for the Period:
10-15-05 through 05-14-07
Purpose of Account: James A. Dunkle and John E. Slike, Esquire, Executors, offer this
account to acquaint interested parties with the transactions that have occurred during their
administration. The account also indicates the proposed distribution of the estate.
It is important that the account be carefully examined. Requests for additional information or
questions or objections can be discussed with:
Thomas E. Flower, Esquire
Saidis, Flower & Lindsay
2109 Market Street
Camp Hill, PA 17011
(717) 737-3405
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SUMMARY OF ACCOUNT
PAGES
PRINCIPAL:
Receipts: $ 965,003.51 3
Total general disbursements of principal: (4,116.56) 960,886.95 4
Family Exemption: (3,500.00) 957,386.95 4
Attorney Fees Paid to Date: (14,692.09) 942,694.86 4
Inheritance Tax: (19,031.02) 923,663.84 4
Net Gains on Sales of Securities: 43,561.97 967,225.81 4
Fees and Commissions to be Disbursed: (41,394.00) 925,831.81 4
Proposed Distribution of Principal: (925,831.81) 0.00 5
INCOME:
Receipts: 56,415.98 56,415.98 5-8
Prior Distributions of Income: (25,550.00) 30,865.98 8
Treasury Bill Interest at Maturity: 7.383.60 38,249.58 9
Proposed Distribution of Income: (38,249.58) 0.00 9
COMBINED BALANCE FOR DISTRIBUTION: 964,081.39 9
End Note:
Itemized Gains/(Losses): 10
2
ESTATE OF ARTHUR M. DUNKLE
FIRST AND FINAL ACCOUNT
PRINCIPAL RECEIPTS:
10/15/05
T. Rowe Price, acct. #623873460
Sovereign Bank C/D #2335128142
Morgan Stanley acct. #410 018640 055
Edward Jones acct. #896-11434-1-2
Oppenheimer Pa-Muni fund
Stock held by direct registration:
(A V)Avaya, 14 shares @ 11.5325
(formerly)AT&T Wireless, 62 shares @ 0
(CMCSA) Comcast, 63 shares @ 27.315
(AGR)Agere Systems, 44 shares @ 9.2725
(T) AT&T, 39 shares @ 22.1625
(SWKS) Skyworks Solutions, 286 shares @ 5.395
(COL) Rockwell lntemat'l., 816 shares @ 47.7075
(PPL) PPL, 1,244 shares @ 30.3675
PSERS, pension 10/05 pro rata balance
Edward Jones income check1 of 10/03/05
Edward Jones income check2 of 10/03/05
T. Rowe Price, dividend paid 09/30/05
Total Principal Receipts:
PRINCIPAL DISBURSEMENTS:
12/08/05
01/19/06
04/07/06
04/10/06
OS/23/06
08/10/06
09/29/06
PNCBank,~edprintingfue
PNC Bank, returned check charge
US Treasury, balance 2005 income tax
R. Simpson, fees, prep 2005 joint tax returns
Pa. Dept of Revenue, 2005 income tax
Register of Wills, PA-1500 filing fee
Register of Wills, short certificate
Register of Wills, additional probate fees
Vernie E. Dunkle, reimburse for memorial lunch
James A. Dunkle, reimburse for burial & stone
$ 49,261.85
75,120.51
219,589.81
497,976.00
37,637.64
161.45
0.00
1,720.85
407.99
864.34
1,542.97
38,929.32
37,777.17
1,136.87
1,449.51
1,243.85
183.38
28.08
31. 00
2,187.00
275.00
119.00
15.00
4.00
200.00
150.00
1,030.00
$ 965,003.51
3
12/14/06
Register of Wills, Short Certificates
02/02/07
Filing fee Supplemental. PA-1500
02/08/07
PNC Bank, check printing fee
04/18/07
PNC charge for returned check, stale dividend
FAMILY EXEMPTION:
09114/06
Vernie E. Dunkle
INHERITANCE TAX:
01/17/06
OS/23/06
02/02/07
Inheritance tax prepayment
Balance of inheritance tax
Inheritance tax paid with supplemental return
ATTORNEY FEES PAID:
06/29/06
12/14/06
Saidis, Flower & Lindsay
Saidis, Flower & Lindsay
Total Principal Disbursements:
NET GAINS ON SALES OF SECURITIES l,i
ITEMS TO BE DISBURSED:
ATTORNEY FEES:
Saidis, Flower & Lindsay (estimated)
10,000.00
EXECUTORS' COMMISSIONS:
J ames A. Dunkle
John E. Slike, Esquire
15,697.00
15.697.00
Total Items to be Disbursed:
24.00
15.00
28.48
10.00
3,500.00
18,000.00
829.42
201.60
5,000.00
9,692.09
(41.339.67) 923,663.84
43.561.97 967,225.81
41.394.00
1 See Endnote "i", for itemized table of gains and losses on sale of securities.
925,831.81
4
PROPOSED DISTRIBUTIONS OF PRINCIPAL:
PNC BANK, TRUSTEE
Grace D. Collins
John E. Dunkle
Thomas L. Dunkle
James A. Dunkle
472,431.42
113,350.10
113,350.10
113,350.1 0
113.350.09
Total Proposed Principal Distribution:
INCOME RECEIPTS:
2005 Income received by check:
11/29/05
12/20/05
PNC DIVIDEND
ROCKWELL COLLINS
MEDCO
FIRST ENERGY
T ROWE PRICE
BOEING
ATT
ROCKWELL AUTOMATION
2005 Income earned after date of death in brokerage accounts:
2006 Income received by check:
01/09/06
03/23/06
04/01/06
05/01/06
05/31/06
06/30/06
07/01/06
07/31/06
08/01/06
08/31/06
09/05/06
PPL DIVIDEND
T ROWE PRICE
ATT DIVIDEND
ROCKWELL COLLINS DIVIDEND
ATTDIVIDEND
PPL DIVIDEND
ATT DIVIDEND
SOVEREIGN BANK C/D INT
SOVEREIGN BANK C/D INT
PPL
SOVEREIGN BANK C/D INT
ATT
SOVEREIGN BANK C/D INT
ROCKWELL COLLINS DIVIDEND
(925.831.81)
445.50
97.92
18.85
258.00
183.38
17.00
50.70
183.60
311.00
109.96
9.98
97.92
9.98
342.10
9.98
219.76
219.76
342.10
219.76
9.98
219.76
130.56
925,831.81
00.00
1,254.95
6,625.97
2,252.60
5
2006 Income earned within Morgan Stanley account:
01/17/06
01/31/06
02/15/06
02/27/06
02/28/06
03/01/06
03/10/06
03/23/06
03/31/06
INTEREST 7.96
VAN KAMPEN SEN INC TR-DIV 73.07
MFS GOVT MKTS INC TR SBI-DIV 36.25
V-K PA MUN INC - TAX EXEPMT DIV 351.60
WEST MIFFLIN ASD BOND- TX .EXEMPT.DIV 375.00
INTEREST 1.20
VANKAMPEN SENINC TR-DIV 77.82
MFS GOVT MKTS INC TR SBI-DIV 36.25
V-K PA MUNI INC-TAX EXEMPT DIV 351.00
NORRISTOWN ASD-TX EXEMPT INT 137.50
AM ELEC PWR CO-DIVIDEND 481.00
INTEREST 16.88
VAN KAMP SEN INC TR-DIV 77.82
MFS GOVT MKTS INC TR SBI-DIV 37.50
VAN KAMP P A MUNI INC- TX EXEMPT DIV 332.22
2006 Income earned within Edward Jones account:
01/03/06
1/20/06
01/30/06
02/01/06
02/21/06
02/28/06
03/01/06
03/15/06
03/20/06
04/20/06
04/17/06
04/03/06
05/01/06
OS/22/06
05/30/06
06/01/06
06/20/06
07/03/06
GOLDMAN SACHS HI YLD - DIV 192.84
VAN KAMP HI YD MUN-TX EXEMPT DIV 142.39
PPL - DIVIDEND 311.00
MONEYMKTDIV 659.78
FNMA NOTE - INTEREST 145.83
V AN KAMP H YLD MUN-TX EXEMPT DIV 245.22
GOLDMAN SACHS HI YD-NONQUAL DIV 311.55
MONEY MARKET DIV 944.3 7
FNMA NOTE -INTEREST 145.83
VAN KAMP HI YD MUNI- TX EXEMPT DIV 245.28
GOLDMAN SACHS HI YD-NONQ. DIVIDEND 311.60
BANK OF AMER NOTE-INTEREST 690.00
MONEY MARKET DIV 874.18
MONEYMARKETDIV 1,067.98
HFC NOTE - INTEREST 892.50
GOLDMAN SACHS HI YLD 311.55
VAN KAMP HI YD MUNI - TAX EXEMPT DIV 245.21
FNMANOTE-INTEREST 145.83
VANKAMPHIYDMUN-TAXEXEMPTDIV 245.34
GOLDMAN SACHS HI YD-NONQUAL DIV 283.54
MONEY MKT DIV 873.81
FNMA NOTE-INTEREST 145.83
MONTGY CY PA BOND-INTEREST 252.50
VAN KAMP HI YD MUN-TX EXEMPT DIV 245.22
GOLDMAN SACHS HI YD-NONQUAL DIV 283.39
MONEY MKT DIV 116.90
VAN KAMP HI YD MUNI-TX EXEMPT DIV 245.36
2,393.07
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GOLDMAN SACHS HI YD -NONQUAL DIV 282.86
07/20/06 MONEY MKT DIV 157.20
07/25/06 FNMA NOTE-INTEREST 77.78
08/01/06 VAN KAMP HI YD MUN- TX EXEMPT DIV 245.22
GOLDMAN SACHS HI YD -NONQUAL DIV 306.53
08/21/06 MONEY MKT DIV 301.54
09/01/06 VAN KAMP HI YD MUN- TX EXEMPT DIV 245.21
GOLDMAN SACHS HI YD -NONQUAL DIV 312.79
09/07/06 US TREASURY BILL, interest on redemption 7,010.80
09/15/06 BANK OF AMERICA NOTE-INTEREST 690.00
09/20/06 MONEY MKT DIV 876.71 21,081.47
Edward Jones 10/01/06 -12/31/06:
10/02/06 VAN KAMP HI YD MUN- TX EXEMPT DIV 245.34
GOLDMAN SACHS HI YD -NONQUAL DIV 315.96
10/16/07 HFC INTERNOTE-INTEREST 892.50
10/20/06 MONEY MKT DIV 2,293.49
11/02/06 V AN KAMP HI YDMUN-TX EXEMPT DIV 245.21
GOLDMAN SACHS HI YD -NONQUAL DIV 317.39
11/20/07 MONEY MKT DIV 2,180.77
12/02/06 VAN KAMP HI YD MUN- TX EXEMPT DIV 245.35
GOLDMAN SACHS HI YD -NONQUAL DIV 318.48
12/29/07 MONEY MKT DIV 3.1 10.01 10,164.50
2007 Income earned within Edward Jones account:
01/02/06 VAN KAMP HI YD MUN- TX EXEMPT DIV 245.22
GOLDMAN SACHS HI YD -NONQUAL DIV 512.64
01/22/07 MONEY MKT DIV 1,667.03
02/01/06 VAN KAMP HI YD MUN-TX EXEMPT DIV 245.22
GOLDMAN SACHS HI YD -NONQUAL DIV 324.30
02/20/07 MONEY MKT DIV 2,208.29
03/01/07 GOLDMAN SACHS HI YD -NONQUAL DIV 303.84
VAN KAMP HI YD MUN- TX EXEMPT DIV 245.28
03/20/07 MONEY MARKET INTEREST 2,148.44
cm INTEREST 134.71 8,034.97
2007 Income received by check:
01/25/07 ROCKWELL COLLINS DIVIDEND 130.56
03/02/07 ROCKWELL COLLINS DIVIDEND 130.56
04/02/07 VAN KAMP HI YD MUN- TX EXEMPT DIV 232.85
GOLDMAN SACHS HI YD -NONQUAL DIV 303.85
7
04/12/07
04/23/07
04/20/07
The following checks presented by Vemie Dunkle:
Sov. Bank c/d interest check dated 09/30/06
Sov. Bank c/d interest check dated 10/31/06
Sov. Bank c/d interest check dated 11/30/06
Sov. Bank c/d interest check dated 12/31/06
Sov. Bank c/d interest check dated 01/31/07
Sov. Bank c/d interest check dated 02/28/07
PPL Dividend check dated 10/01/06
PPL Dividend check dated 01/01/07
PPL Dividend check dated 04/01/07
Rockwell Collins Dividend dated 03/05/07
ATT Dividend check dated 11/01/06
ATT Dividend check dated 02/01/07
Comcast Dividend check dated 02/21/07
Edw. Jones, SEC settlement proceeds
Edw. Jones, money mkt. dividend
Total Income Receipts:
INCOME DISBURSEMENTS:2
01/06/06
01/01/06
02/06/06
03/01/06
05/01/06
Morgan Stanley, Fee
Edward Jones, Fee
Morgan Stanley, Fee
Edward Jones, Fee
Edward Jones, Fee
(5.00)
(3.00)
(125.00)
(3.00)
(3.00)
Total Income Disbursements:
PRIOR DISTRIBUTIONS OF INCOME:
Grace D. Collins
John E. Dunkle
Thomas L. Dunkle
James A. Dunkle
Vemie E. Dunkle
3,200
3,200
3,200
3,200
12.750
Total prior income distributions:
212.67
219.67
212.67
219.67
219.67
198.49
342.10
342.10
342.1 0
130.56
9.98
10.65
13.79
126.01
1.349.51
4.747.46
56,554.98
(139.00)
56,415.98
(25.550.00)
30,865.98
2 Brokerage commissions and transaction fees not listed in this section are reflected in the
schedule of gains/(losses) on sales at endnote "i."
8
ANTICIPATED INCOME:
[06/28/07] Treasury Bill Interest at Maturity
PROPOSED DISTRIBUTION OF INCOME:
Vemie E. Dunkle
Grace D. Collins
John E. Dunkle
Thomas L. Dunkle
J ames A. Dunkle
Total Proposed Distribution of Income:
19,149.79
4,774.95
4,774.95
4,774.95
4.774.94
7.383.60
RECONCILIATION TO CASH/ASSETS ON HAND [AS OF 04/27/07]:
PNC CHECKING -
EDWARD JONES ACCT #896-11434-1-2:
TREASURY BILL [including income accrued to 4/27/07]
MONEY MARKET
T -BILL interest, 04/27/07 through 06/28/07
Less Items to be Disbursed from Principal:
Combined Balance for Distribution:
Total Proposed Distribution of Income:
Total Proposed Distribution of Principal:
Combined Total Proposed Distribution:
SIGNIFICANT TRANSACTION:
(38,249.58)
(925.831.81)
$ 36,798.69
669,701.25
293,676.70
38,249.58
38,249.58
(38.249.58)
00.00
5.298.75 1,005,475.39
(964.081.39)
04/05/07, PURCHASE $ 675,000 T-BILL @ $ 667,616.40, MATURES 06/28/07.
(41.394.00)
964,081.39
0.00
9
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ENDNOTE:
i GAINS/(LOSSES) ON SALE OF SECURITIES:
D.O.D. PROCEEDS GAIN/(LOSS)
12/29/05 20,000 Bear Stearns Co Inc Mtn Ser B 19,850.00 19,965.05 115.05
30,000 Select Notes Trust Secs 27,262.50 25,165.81 (2,096.69)
35,000 So Fork Mun Auth PA Hosp 35,969.50 35,142.05 (827.45)
20,000 FNMA Medium Term Note 19,075.00 18,795.05 (279.95)
204 ARVINMERITOR INC 3,004.92 2,875.08 (129.84)
612 BELLSOUTH CORP 15,318.36 16,489.19 1,170.83
600 FIRSTENERGY CORP 28,980.00 29,100.12 120.12
891 PNC BANK CORP 50,083.11 56,666.57 6,583.46
1,244 PPL CORP 37,792.72 36;775.51 (1,017.21)
320 VERIZON COMMUNICATION 9,568.00 9,605.19 37.19
68 BOEING INC 4,590.00 4,819.65 229.65
816 ROCKWELL AUTOMATION INC 43,052.16 47,843.75 4,791.59
816 CONEXANT SYSTEMS INC 1,485.12 1,887.13 402.01
168 LUCENT TECHN 514.08 412.36 (101.72)
03/16/06 1,535 V AN KAMP SEN INC TR 11,796.48 12,209.15 412.67
5,000 DEL RIV AUTH PT AUTH 5,105.50 5,115.16 9.66
5,000 NORRIS TOWN ASD 5,169.20 5,061.73 (107.4 7)
20,000 CARLISLE BORO G 0 20,233.10 20,337.44 104.34
5,000 DOVER SWR AUTH 5,188.03 5,167.52 (20.51)
5,537 VAN KAMP P A MUNI 79,443.90 74,823.12 (4,620.78)
15,000 W. MIFFLIN S D 15,451.88 15,084.75 (367.13)
1,300 AMER ELEC PWR CO 48,135.75 46,100.45 (2,035.30)
1,250 MFS GOVT MKTS INC 8,140.63 7,745.13 (395.50)
OS/26/06 T ROWE PRICE 49,261.85 48,888.20 (373.65)
06/05/06 10,000 Montgomery Cy P A fudl Dev 10,277.00 10,000.00 (277.00)
07/17/06 35,000 FNMA Medium Term Note 32,900.00 35,000.00 2,100.00
09/15/06 20,000 Bank of Arner Corp Sub Notes 20,090.00 20,000.00 (90.00)
10/16/06 30,000 Household Fin Corp futemotes 29.055.00 30.000.00 945.00
Subtotal: 4,281.73
05/08/07
14 shares A vaya 161.45 163.64 2.19
63 shares Comcast 1,720.85 1,613.92 (106.93)
44 shares Agere Systems 407.99 0.00 (407.99)
39 shares AT&T 864.34 1,117.75 253.41
286 shares Skyworks Solutions 1,542.97 1,961.38 418.41
816 shares Rockwell futemat'l. 38,929.32 53,261.79 14,332.47
1,244 shares PPL 37.777.17 55.456.56 17.679.39
Subtotal: 32,170.95
10
-I
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05/10/07 6,384.29 Goldman Sachs Fund
4,954 VanKampen Fund
4,932.463 Del Tax Free P A Fund*
49,859.00
53,503.00
37.637.64
52,861.92
55,343.38
39.903.63
3,002.92
1,840.38
2.265.99
7.109.29
Subtotal:
Total Net Gains on Sale of Securities:
43,561.97
*(Note: the number of shares held in the Del Tax Free PA Fund increased by 268.567 shares,
which were accumulated by automatic reinvestment of dividends, meaning some of this "gain" is
actually attributable to (tax exempt) dividend income earned since date of death.)
JAMES A. DUNKLE and JOHN E. SLIKE, ESQUIRE, Executors under the Last Will and
Testament of ARTHUR M. DUNKLE, deceased, hereby declare under oath that they have fully
and faithfully discharged the duties of their office; that the foregoing First and Final Account is
true and correct and fully discloses all significant transactions occurring during the accounting
period; that all known claims against the estate have been paid in full; that, to their knowledge,
there are no claims now outstanding against the Estate; and that all taxes presently due from the
estate have been paid.
000 E. Slike,
I) Executor
COMMONWEALTH OF PENNSYLVANIA
NotariaJ Seal
Sara J. Ensinger. NotaIy PlbIic
CarIlsIe Boro. Qmberland County
My CommI8sion Expires Oct. 17.2009
Member. Pennsylvania ~xIatlon of Notaries
A
Subscribed and sworn to
by JOHN E. SL>>ESQUIRE
b re me t' I'J!!- day of
,
,2007.
COMMONWEALTH OF PENNSYLVANIA
NotarIII Seal
SaraJ. EnIinger. NcltaIy Public
Carlisle Boro. QJnberIand Counly
My CommIIsIon Expires Oct. 17,2009
Member. Pennsylvania Auoclatlon of Notaries
11
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