HomeMy WebLinkAbout07-08-02 (2)
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FIRST AND PARTIAL ACCOUNT
for the "Revocable Trust" established by Fred E. Gerber, Sr. on July 29, 1994
Stated by: Fred E. Gerber, II, Successor Trustee
Fred E. Gerber, Sr. died February 28, 1998.
Date of Trustee's first receipt of funds: February 28, 1998
Account stated for the period February 28, 1998 to December 31,2001.
Purpose of the account: the Trustee offers this Account to acquaint interested parties
with the transactions that have occurred during his administration of the Trust.
It is important that the Account be carefully examined. Request for additional
information or questions or objections can be discussed with:
Frederick E. Gerber, II
4287 Kearney Lane
Fairfax, VA 22033
or
Lindsay Baird, Esquire
37 South Hanover Street
Carlisle, PA 17013
717 -234-5732
or
Herbert G. Rupp, Jr., Esquire
Rupp and Meikle
355 North 2pt Street, Suite 205
Camp Hill, PA 17011
717-761-3459
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SUMMARY OF ACCOUNT
February 28, 1998 to December 31, 1999
Page
PRINCIPAL RECEIPTS 1 $440,885.91
INCOME RECEIPTS 2-7 43.266.91
Total Receipts 484,152.82
DISBURSEMENTS INCOME 8 2.306.30
Balance 481,846.52
DISTRIBUTIONS TO BENEFICIARIES
PRINCIPAL/INCOME 9 - 12 155,185.20
UNREALIZED LOSS ON INVESTMENTS 14 41 .078.52
Balance on Hand for Future Accounting 13 285,747,80
NOTES TO ACCOUNT 14
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RECEIPTS OF PRINCIPAL
SCHWAB ACCOUNT
1. 1,760 shares Municipal Income Opptys Trust @ 9.0625 $15,950.00
2. 93.9565 shares Nuveen Pa. Premium Income" @ 17.3125 1,626.62
3. 6,400 shares Nuveen Penn Premium Income II
Income Municipal Fund @ 13.9375 89,200.00
4. 5,800 shares Van Kampen American Cap Trust for Investment
Grady Pennsylvania @ 16.6875 96,787.50
5. 100,000 shares Philadelphia, PA @ 6.15% @ 107.4390 107.439.00
Arpt Rev due 06/1 5/15
TOTAL MARKET VALUE $311,003.12
6. 7,309.40 shares Schwab Municipal Money Fund $7,309.40
7. Cash $469.80
TOTAL NET VALUE SCHWAB ACCOUNT $318,782.32
8. House and Leasehold Estate
1127 Wedgewood Road
Baltimore County, MD 21229-1247
appraised at $63,912.00
9. Distribution from the Estate of Florence E. Cappe, deceased
Allegheny County
Principal - $55,149.74
Income - $ 3,041.85 $58,191.59
TOTAL NET VALUE $440,885.91
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RECEIPTS OF INCOME
1998 Dividends
3/02 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 416.00
3/20 Municipal Income Opptys Trust 83.60
Van Kampen American Capital Trust 469.80
Money Funds Dividends 15.00
4/01 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income /I 416.00
4/17 Municipal Income Opptys Trust 83.60
4/30 Van Kampen American Capital Trust 469.80
Money Funds Dividends 22.00
5/01 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 416.00
5/22 Municpal Income Opptys Trust 83.60
5/29 Van Kampen American Capital Trust 469.80
Money Funds Dividends 27.00
6/01 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 396.80
6/19 Municipal Income Opptys Trust 83,60
6/30 Van Kampen American Capital Trust 469.80
Money Funds Dividends 28.00
7/01 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 396.80
7/24 Municipal Income Opptys Trust 83.60
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7/30 Van Kampen American Capital Trust 469.80
Money Funds Dividends 34.00
8/03 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 396.80
8/21 Municipal Income Opptys Trust 83.60
8/31 Van Kampen American Capital Trust 469.80
Money Funds Dividends 40.82
9/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 396.80
9/18 Municipal Income Opptys Trust 83.60
9/30 Van Kampen American Capital Trust 469.80
Money Funds Dividends 35.17
1 % 1 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 396.80
10/23 Municipal Income Opptys Trust 88,00
10/30 Van Kampen American Capital Trust 469.80
Money Funds Dividends 20.29
11 /02 Nuveen Pa, Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 396.80
11 /20 Municipal Income Opptys Trust 88.00
11/30 Van Kampen American Capital Trust 469.80
Money Funds Dividends 13.63
12/01 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 396.80
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12/18 Municipal Income Opptys Trust 88.00
12/28 Nuveen Pa. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 396.80
12/31 Van Kampen American Capital Trust 469.80
Money Funds Dividends 21.42
TOTAL $10,313.72
Interest
6/15 Philadelphia Pa. Airport Revenue Bond (6- 15- 15) 3,000.00
12/15 Philadelphia Pa. Airport Revenue Bond (6- 15-15) 3.000.00
TOTAL $6,000.00
Capital Gains
12/28 Short term - Nuveen Pa. Investment Quality Municipal .37
Dividend - Investment Quality Municipal .06
Dividend - Van Kampen American Capital Trust 51.04
TOTAL $51.47
Rents
Mrs. Gross - Baltimore
10 months @ $400.00 per month $4.000.00
TOTAL $4,000.00
TOTAL INCOME 1998 $20,365.19
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RECEIPTS OF INCOME
1999 Dividends
1/19 Municipal Income Opptys Trust $88.00
1/28 Van Kampen American Capital Trust $469.80
2/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 396.80
2/19 Municipal Income Opptys Trust 88.00
2/26 Van Kampen American Capital Trust $469.80
3/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 416.00
3/19 MSDW Municipal Income Opptys Trust 88.00
3/31 Van Kampen American Capital Trust 469.80
4/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 416.00
4/23 MSDW Municpallncome Opptys Trust 88.00
4/30 Van Kampen American Capital Trust 469.80
5/03 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 416.00
5/21 MSDW Municipal Income Opptys Trust 88.00
5/28 Van Kampen American Capital Trust 469.80
6/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 432.00
6/18 MSDW Municipal Income Opptys Trust 88.00
6/30 Van Kampen American Capital Trust 469.80
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7/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 432.00
7/23 MSDW Municipal Income Opptys Trust 88.00
7/30 Van Kampen American Capital Trust 469,80
8/02 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income II 432.00
8/20 MSDW Municipal Income Opptys Trust 88.00
8/31 Van Kampen American Capital Trust 469.80
9/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 432.00
9/17 MSDW Municipal Income Opptys Trust 88.00
9/30 Van Kampen American Capital Trust 469.80
10/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 432.00
1 0/22 MSDW Municipal Income Opptys Trust 92.40
10/29 Van Kampen American Capital Trust 469.80
11/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 432.00
11/1 9 MSDW Municipal Income Opptys Trust 92.40
11/30 Van Kampen American Capital Trust 469.80
12/01 Nuveen Po. Investment Quality Municipal 7.89
Nuveen Penn Premium Income" 432.00
12/17 MSDW Municipal Income Opptys Trust 92.40
12/23 Nuveen Po. Premium Income" 432.00
Nuveen Po. Investment Quality Municipal 7.61
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1 2/31 Van Kampen American Capital Trust 469.80
TOTAL $11,902.00
Interest
6/15 Philadelphia Po. Airport Revenue Bond (6-15-15) 3,000.00
12/15 Philadelphia Po. Airport Revenue Bond (6-15-15) 3.000.00
TOTAL $6,000.00
Capital Gains
12/23 Dividend - Nuveen Po. Investment Quality Municipal 6.69
Short term - Nuveen Po. Investment Quality Municipal .17
Dividend - Nuveen Penn Investment Quality Municipal 96.00
1 2/31 Dividend - Van Kampen American Capital Trust 96.86
TOTAL $199.72
Rents
Mrs. Gross - Baltimore
12 months @ $400.00 per month 4,800.00
TOTAL $4,800.00
TOTAL INCOME 1999 $22,901.72
TOTAL INCOME FOR 1998 AND 1999 $43,266.91
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DISBURSEMENTS OF INCOME - SCHWAB ACCOUNT
Date Payee Description Amount
10/28/98 Cummings, Associates doctor bills - Gerber, Sr. $200.00
11 /11 /98 Atlantic Insurance Mgmt. insurance on Wedgewood Dr., Balto. 150.00
11/28/98 MD Dept. of the Environ. environ. fee - Wedgewood Dr., Balto. 10.00
01/28/99 Charles Schwab margin interest (automatic debit) 14.56
02/25/99 Charles Schwab margin interest (automatic debit) 25.86
03/01/99 Charles Schwab check fee (automatic debit) 19.90
03/30/99 Charles Schwab margin interest (automatic debit) 50.42
04/14/99 PA Dept. of Revenue 1998 income tax 632.00
04/29/99 Charles Schwab margin interest (automatic debit) 50.92
OS/27/99 Charles Schwab margin interest (automatic debit) 72.06
06/29/99 Charles Schwab margin interest (automatic debit) 85.37
07/29/99 Charles Schwab margin interest (automatic debit) 88.31
08/30/99 Charles Schwab margin interest (automatic debit) 173.17
09/29/99 Charles Schwab margin interest (automatic debit) 219.41
10/28/99 Charles Schwab margin interest (automatic debit) 228.75
11/29/99 Charles Schwab margin interest (automatic debit) 285.57
Total Disbursements of Income $2,306.30
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DISTRIBUTIONS OF PRINCIPAL/INCOME TO OR FOR BENEFICIARIES _
SCHWAB ACCOUNT
Date Payee Description Amount
09/07/98 Bill Haines 623 Hilltop Dr. renovation -
Mildred Gerber $7,285.00
09/08/98 PNC Bank garage door - Mildred Gerber 1,003.68
09/13/98 Acacia Life Insurance Jane Gerber - insurance premium 18.35
09/13/98 Acacia Life Insurance Marilyn Gerber - insurance premium 19.50
09/14/98 Bill Haines 623 Hilltop Dr. renovation -
Mildred Gerber 2,000.00
09/26/98 Sascha Gerber College - Aug. - Oct. - $300
Birthday - $250 550,00
09/26/98 Sean Heflin Birthday 250.00
09/28/98 Amanda Heflin College - Aug. - Oct. 300.00
10/02/98 Sascha Gerber College 300.00
10/12/98 Bill Haines 623 Hilltop Drive - renovation -
Mildred Gerber 767.50
10/21/98 Central PA MRI Center MRI - Mildred Gerber 75.55
10/25/98 Sascha Gerber College - Nov. 500.00
10/25/98 Amanda Heflin College - Nov. 500.00
11 /27/98 Sascha Gerber College - Dec. 500.00
11/28/98 Amanda Heflin College - Dec. 500.00
12/01/98 Dell Catalog Sales Computer and supplies -
Sean and Amanda Heflin 7,961.80
12/10/98 Major Larry Shaw Co!. Gerber, QM, Award of
Excellence Memorial -
Mildred Gerber 141.19
12/15/98 Acacia Life Insurance Marilyn Gerber - insurance premium 19.50
12/15/98 Acacia Life Insurance Jane Gerber - insurance premium 18.35
12/20/98 Sascha Gerber Christmas gift 250.00
12/20/98 Jane Heflin Christmas gift 500.00
12/20/98 Amanda Heflin Christmas gift 250.00
12/20/98 Sean Heflin Christmas gift 250.00
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12/24/98 Mischa Gerber Christmas gift 250.00
12/28/98 Sascha Gerber College - Jan. 500.00
12/28/98 Amanda Heflin College - Jan. 500.00
12/31 /98 Jane Heflin Birthday 2,000.00
01/15/99 PA Dept. of Revenue 1997 income tax - Mildred Gerber 333.00
01/15/99 PA Dept. of Revenue estimated tax payment -
Mildred Gerber 188.00
01/15/99 PA Dept. of Revenue estimated tax payment -
Mildred Gerber 188.00
01/19/99 Sascha Gerber College - Feb. 500.00
01/22/99 Sascha Gerber EMT school course 375.00
01/30/99 PA Dept. of Revenue estimated tax payment -
Mildred Gerber 1 87.00
02/04/99 Amanda Heflin College - $500
Birthday - $250 750.00
02/12/99 PA Dept. of Revenue estimated tax payment -
Mildred Gerber 187.00
02/15/99 Jane Heflin College - March - May 1,500.00
02/21/99 Amanda Heflin College - March 500.00
02/22/99 Sascha Gerber College - March 500.00
03/14/99 Sascha Gerber EMT supplies and equipment -
College - ROTC 250.00
03/15/99 Acacia Life Insurance Jane Gerber - insurance premium 18.35
03/15/99 Acacia Life Insurance Marilyn Gerber - insurance premium 19.50
03/28/99 Sascha Gerber College -April 500.00
03/31/99 Bell Atlantic Mobil Telephone bill - Mildred Gerber 159.73
04/04/99 UNC Charlotte Sascha Gerber 66.00
04/14/99 IRS 1998 income tax - Mildred Gerber 3,157.00
04/29/99 Sascha Gerber College - May 500.00
04/29/99 Amanda Heflin College - May 500.00
04/29/99 Petra Gerber Sascha - college 350.00
05/08/99 Lord and Taylor Mildred Gerber 745.71
05/14/99 LTC Randy Randolph Co/. Gerber, QM, Award of
Excellence Memorial -
Mildred Gerber 250.74
05/18/99 UNC Charlotte Sascha - college 139.40
OS/24/99 Frederick S. Gerber Uniforms - $300 ROTC 800.02
06/07/99 Petra Gerber Sascha's EMT course, supplies
and equipment reimbursement 450.00
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06/08/99 Amanda Heflin College - June 500.00
06/14/99 Sean Heflin Birthday 250.00
06/14/99 American Amicable Life 12 month life insurance policy
premium - Mildred Gerber 122.60
06/30/99 Sascha Gerber College - June 500.00
06/30/99 Amanda Heflin College - July 500.00
06/30/99 Absolute Sascha Gerber - medical bill 75.65
06/30/99 UNC Charlotte Sascha Gerber - student parking 165.00
07/1 3/99 Jane Heflin Educational development - Sean 5,000.00
07/23/99 Amanda Heflin College - August 500.00
07/23/99 Sascha Gerber College - August 500.00
07/27/99 Marilyn J. Gerber Living expenses/bills 6,750.00
08/19/99 Sascha Gerber Junior year college - Sept. 1,700.00
08/26/99 Missouri Military Acad. Tuition - Sean Heflin 8,548.00
09/03/99 Amanda Heflin College - Fall 99 1,700.00
09/09/99 Absolute Sascha Gerber - medical bill 43.73
09/13/99 Sascha Gerber Birthday and Honor Society 311.00
09/16/99 Sascha Gerber Health care - knee injury 261.00
10/02/99 Amanda Heflin College - Oct. 700.00
10/03/99 Frederick Gerber College - Oct. 700.00
10/16/99 Missouri Military Acad. Sean Heflin 3,290.36
10/30/99 Sascha Gerber College - Nov. 700.00
11 /01 /99 Amanda Heflin College - Nov. 700.00
11/29/99 Sascha Gerber College - Dec. and medical 1,000.00
11/30/99 Amanda Heflin College - Nov. .1,000.00
12/13/99 Amanda Heflin College - Dec. $700
Christmas - $250 950.00
12/13/99 Sean Heflin Christmas gift 250.00
12/13/99 Sascha Gerber College - Dec. $700
Christmas - $250 950.00
12/14/99 Jane Gerber Christmas gift 500.00
12/15/99 Acacia Life Insurance Jane - 4 quarters - ins. premium 73.40
12/15/99 Acacia Life Insurance Marilyn - 4 quarters - ins. premium 78.00
12/23/99 Mildred J. Gerber Cashier check never cashed -
to be redeposited 9,300.00
12/23/99 Fred Gerber Mischa's birthday 250.00
Total Distributions to Schwab Account Beneficiaries $88,193.61
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Mildred Gerber Proceeds - Cappe Estate $58,191.59
Mildred Gerber Rents - Baltimore 8.800.00
TOTAL DISTRIBUTIONS TO BENEFICIARIES $155,185.20
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PRINCIPAL BALANCE ON HAND DECEMBER 31, 1999
SCHWAB ACCOUNT
10. 1,760 shares MSDW Municipal Income Opptys Trust $13,640.00
11. 93.9565 shares Nuveen Po. Investment Quality Municipal 1,244,92
12. 6,400 shares Nuveen Penn Premium Income II 76,800.00
13. 5,800 shares Van Kampen American Capital Trust 78,300.00
14. 1 Philadelphia Po. Airport Revenue Bond $100,000 100.235.00
Value - Schwab Account $270,219.92
15. Cash balance - deficit (48.384.12)
Net value - Schwab Account $221,835.80
16. House and Leasehold Estate
1127 Wedgewood Road
Baltimore County, MD 21229-1247 63.912,00
Net Value $285,747.80
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NOTES TO ACCOUNT
1. Distributions from the Trustee to Beneficiaries were not divided into "principal"
and "income" because there was no specific income Beneficiary.
2, The rents from the Baltimore property are being paid directly to Mildred J.
Gerber.
3. The proceeds of the Cappe Estate were paid directly to Mildred J. Gerber.
4. The unrealized loss on investments for this accounting period, as computed by
the Trustee's C. P. A. - the difference between the value of the investments
when received and the value of the investments on the day of the accounting
period - is $41,078.52.
5. The Baltimore property has not been transferred to the Trust.
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SUMMARY OF ACCOUNT - 2000
January 1 , 2000 to December 31, 2000
Page
PRINCIPAL RECEIPTS 15 $ 285,747.80
INCOME RECEIPTS 16-18 $ 23.997.43
Total Receipts $ 309,745.23
DISBURSEMENTS PRINCIPAL/INCOME 19 $ 5.860.45
Balance $ 303,884.78
DISBURSEMENTS TO BENEFICIARIES 20 - 21
PRINCIPAL/INCOME $ 22,241.65
UNREALIZED GAIN ON INVESTMENTS 23 $ 18,073.98
BALANCE ON HAND FOR FUTURE 22
ACCOUNTING $ 299,717.11
NOTES TO ACCOUNT 23
RECEIPTS OF PRINCIPAL
SCHWAB ACCOUNT
1760 shares MSDW Municipal Income Opptys Trust $ 13,640.00
93.9565 shares Nuveen Pa. Investment Quality Municipal $ 1,244.92
6400 shares Nuveen Penn Premium Income" $ 76,800.00
5800 shares Van Kampen American Capital Trust $ 78,300.00
1 Philadelphia Pa. Airport Revenue Bond $100,000 $ 100.235.00
TOTAL MARKET VALUE. . . . . . . . . . . . . . . . . $ 270,219.92
Cash Balance - deficit $ 48,384.12
TOTAL NET VALUE SCHWAB ACCOUNT. . . . $ 221,835.87
House and leasehold Estate
1127 Wedgewood Road
Baltimore County, MD 21229-1247
Appraised at ........................ $ 63,912.00
TOTAL NET VALUE . . . . . . . . . $ 285,747.80
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RECEIPTS OF INCOME - 2000
2000 Dividends Amount
01 /21 MSDW Municipal Income Opptys Trust $ 92.40
01/31 Van Kampen American Capital Trust 469.80
02/01 Nuveen Pa. Investment Quality Municipal 7.61
Nuveen Penn Premium Income" 432.00
02/18 MSDW Municipal Income Opptys Trust 92.40
02/29 Van Kampen American Capital Trust 469.80
03/01 Nuveen Pa. Investment Quality Municipal 7.61
Nuveen Penn Premium Income II 432.00
03/17 MSDW Municipal Income Opptys Trust 92.40
03/31 Van Kampen American Capital Trust 469.80
04/03 Nuveen Pa. Investment Quality Municipal 7.61
Nuveen Penn Premium Income" 432.00
04/20 MSDW Municipal Income Opptys Trust 92.40
04/28 Van Kampen American Capital Trust 469.80
05/01 Nuveen Pa. Investment Quality Municipal 7.61
Nuveen Penn Premium Income" 432.00
05/19 MSDW Municipal Income Opptys Trust 92.40
05/31 Van Kampen American Capital Trust 469.80
06/01 Nuveen Pa. Investment Quality Municipal 7.61
Nuveen Penn Premium Income" 432.00
06/23 MSDW Municipal Income Opptys Trust 92.40
06/30 Van Kampen American Capital Trust 469.80
07/03 Nuveen Pa. Investment Quality Municipal 7.14
Nuveen Penn Premium Income" 416.00
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07/21 MSDW Municipal Income Opptys Trust 92.40
07/31 Van Kampen American Capital Trust 469.80
08/01 Nuveen Pa. Investment Quality Municipal 7.14
Nuveen Penn Premium Income II 416.00
08/18 MSDW Municipal Income Opptys Trust 92.40
08/31 Van Kampen American Capital Trust 469.80
09/01 Nuveen Pa. Investment Quality Municipal 7.14
Nuveen Penn Premium Income" 416.00
09/22 MSDW Municipal Income Opptys Trust 92.40
09/29 Van Kampen American Capital Trust 435.00
10/02 Nuveen Pa. Investment Quality Municipal 7.14
Nuveen Penn Premium Income" 4 1 6.00
10/20 MSDW Municipal Income Opptys Trust 83.60
10/31 Van Kampen American Capital Trust 435.00
11/01 Nuveen Pa. Investment Quality Municipal 7.14
Nuveen Penn Premium Income" 416.00
11/1 7 MSDW Municipal Income Opptys Trust 83.60
11/30 Van Kampen American Capital Trust 435.00
12/01 Nuveen Pa. Investment Quality Municipal 7.14
Nuveen Penn Premium Income II 416.00
12/22 MSDW Municipal Income Opptys Trust 83.60
12/29 Nuveen Pa. Investment Quality Municipal 7.14
Nuveen Penn Premium Income" 416.00
12/29 Van Kampen American Capital Trust 435.00
TOTAL . . . . . . . . . . . . . . $ 11 ,740.83
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2000 Interest Amount
06/15 Philadelphia Po. Airport Revenue Bond (6-15-15) $ 3,000.00
1 2/1 5 Philadelphia Po. Airport Revenue Bond (6-15-15) 3,000.00
TOTAL . . . . . . . . . . . . . . $ 6,000.00
2000 Capital Gains Amount
12/29 Nuveen Penn Premium Income" $ 14.72
Van Kampen American Capital Trust 1435.50
Van Kampen American Capital Trust 6.38
TOTAL . . . . . . . . . . . . . . $ 1,456.60
2000 Rents Amount
Baltimore Property 12 Months @ $400 per month $ 4,800.00
TOTAL . . . . . . . . . . . . . . $ 4,800.00
TOTAL INCOME 2000 $ 23,997.43
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DISBURSEMENTS OF PRINCIPAL/INCOME - SCHWAB ACCOUNT - 2000
Date Payee Description Amount
01/28 Charles Schwab Marginal Interest (automQtic debit) $ 335.34
02/28 Charles Schwab Marginal Interest (automatic debit) $ 376.69
03/30 Charles Schwab Marginal Interest (automatic debit) $ 390.31
04/27 Charles Schwab Marginal Interest (automatic debit) $ 366.42
05/30 Charles Schwab Marginal Interest (automatic debit) $ 452.19
06/29 Charles Schwab Marginal Interest (automatic debit) $ 422.20
07/28 Charles Schwab Marginal Interest (automatic debit) $ 407.82
08/30 Charles Schwab Marginal Interest (automatic debit) $ 472.27
09/28 Charles Schwab Marginal Interest (automatic debit) $ 421.35
10/30 Charles Schwab Marginal Interest (automatic debit) $ 469.11
11/20 Daniel G. Gilliland, Trust Accounting $ 652.76
CPA, PC
11 /27 Daniel G. Gilliland, Trust Accounting $ 275.16
CPA, PC
11/29 Charles Schwab Marginal Interest (automatic debit) $ 420.32
12/28 Charles Schwab Marginal Interest (automatic debit) $ 398.51
TOTAL . . . . . . . . . . . . . . . . . . . . $ 5,860.45
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DISTRIBUTION OF PRINCIPAL/INCOME TO OR FOR BENEFICIARIES _
SCHWAB ACCOUNT - 2000
Date Payee Description Amount
01/02 Sascha Gerber College - January $ 700.00
01/02 Amanda Heflin College - January $ 700.00
01/15 Sascha Gerber Medical School Entrance $ 1,200.00
Exam
01/30 Amanda Heflin College - February $ 700.00
01/30 Amanda Heflin Birthday $ 250.00
01/30 Sascha Gerber College - February $ 700.00
01 /31 Sean Heflin Medical Expense $ 927.70
02/29 Sascha Gerber College - March $ 700.00
02/29 Amanda Heflin College - March $ 700.00
03/29 Amanda Heflin College - April $ 700.00
03/29 Sascha Gerber College - April $ 700.00
04/28 Sascha Gerber College - May $ 700.00
04/28 Amanda Heflin College - May $ 700.00
05/18 Sascha Gerber College - June $ 700.00
06/02 Amanda Heflin College - June $ 700.00
06/03 American Amicable Life Annual Premium - Policy $ 122.60
P003156180
06/20 Sean Heflin Birthday $ 250.00
06/20 Sascha Gerber Summer 2000 Mandatory $ 492.00
Classes
06/28 Sascha Gerber College - July $ 700.00
06/30 Amanda Heflin College - July $ 700.00
07/26 Amanda Heflin College - August $ 700.00
07/28 Sascha Gerber College - August $ 700.00
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08/28 Amanda Heflin College - September $ 700.00
08/28 Sascha Gerber College - September $ 700.00
09/26 Amanda Heflin College - October $ 700.00
09/27 Sascha Gerber College - October $ 700.00
10/26 Amanda Heflin College - November $ 800.00
11 /01 Sascha Gerber College - November $ 800.00
11/1 3 Cashier's Check Payment Stopped $ (9,300.00)
11/20 DePaul University College Tuition - Amanda $ 498.50
11/20 Elmhurst Clinic College Health Plan - Amanda $ 422.00
11/20 James Piccheti, DDS Dental - Sean Heflin $ 248.00
11 /20 Downers Grove Family Medical - Sean Heflin $ 143.00
Practice, P.C.
11/20 Jane Heflin Gift from Mildred $ 2,000.00
11/22 Sascha Gerber College Apt. - move in $ 500.00
11 /27 Adrian Mischa Gerber College - December and $ 850.00
Birthday
11 /27 Amanda Heflin College - December $ 800,00
11/28 Frederick S. Gerber College - December - less $ 600.00
apt. move in costs
1 2/1 7 Acacia Life Insurance Co. Premium - Marilyn Gerber $ 19.50
12/1 7 Acacia Life Insurance Co. Premium - Jane N. Gerber $ 18.35
12/21 Jane Heflin Traditional Holiday Gifts - $ 1,000.00
Jane $500 - Sean $250 -
Amanda $250
12/28 Amanda Heflin College - January 2001 $ 800.00
TOTAL . . . . . . . . . . . . . . . . $ 1 7,441 .65
Mildred Gerber Rents Baltimore ............. $ 4,800.00
TOTAL DISTRIBUTIONS TO BENEFICIARIES. . . . . . . . . . . . . . . . . . $22,241.65
TOTAL DISTRIBUTION FOR 2000 .... . . . . . . . . . . . . . . . . . . . . . $28,102.10
21
. . ,
PRINCIPAL BALANCE ON HAND DECEMBER 31,2000
SCHWAB ACCOUNT
1760 shares MSDW Municipal Income Opptys Trust $ 14,190.00
93.9565 shares Nuveen Pa. Investment Quality Municipal $ 1,291.90
6400 shares Nuveen Penn Premium Income" $ 82,800.00
6000 shares Pan Am Corporation $ 120.00
5800 shares Van Kampen American Capital Trust $ 84,825.00
1 Philadelphia Pa. Airport Revenue Bond $100,000 $ 105,067.00
Value - Schwab Account. . . . . . . . . . $ 288,293.90
Cash balance - deficit $ (51,688.79)
Net Value - Schwab Account ...... $ 236,605.11
Less Check No.232 which cleared in 2001 $ (800.00)
TOTAL . . . . . . . . . . . . . . . . . . . . . . . $ 235,805.11
House and leasehold Estate
1127 Wedgewood Road
Baltimore County, MD 21229-1247
Appraised at ............................ $ 63,912.00
NET VALUE ................... $ 299,717.11
22
.
NOTES TO ACCOUNT
1. The unrealized loss of investments for this accounting period, as computed by
the Trustee's C.P.A. - the difference between the value of the investments
when received and the value of the investments on the date of the accounting
period - is $18,073.98.
2. The rents from the Baltimore property are being paid directly to Mildred J.
Gerber.
23
RECEIPTS OF PRINCIPAL 2001
SCHWAB ACCOUNT
1760 shares MSDW Municipal Income Opptys Trust $ 14,190.00
93.9565 shares Nuveen Pa. Investment Quality Municipal $ 1,291.90
6400 shares Nuveen Penn Premium Income" $ 82,800.00
6000 shares Pan Am Corporation $ 120.00
5800 shares Van Kampen American Capital Trust $ 84,825.00
1 Philadelphia Pa. Airport Revenue Bond $100,000 $ 105,067.00
Value - Schwab Account. . . . . . $ 288,293.90
Cash balance - deficit $ (51 ,688.79)
Net Value - Schwab Account .. $ 236,605.11
Less Check No.232 which cleared in 2002 $ (800.00)
TOTAL . . . . . . . . . . . . . . . . . . . $ 235,805.11
House and Leasehold Estate
1127 Wedgewood Road
Baltimore County, MD 21229- 1247
Appraised at ........................ $ 63,912.00
NET VALUE . . . . . . . . . . . . . . . $ 299,717.11
24
.
.
SUMMARY OF ACCOUNT - 2001
January 1, 2001 to December 31, 2001
Page
PRINCIPAL RECEIPTS 24 $ 299,717.11
INCOME RECEIPTS 25 - 27 $ 23.642.72
Total Receipts $ 323,359.83
DISBURSEMENTS PRINCIPAL/INCOME 28 $ 43.900.69
Balance $ 279,459.11
DISBURSEMENTS TO BENEFICIARIES 29 - 30
PRINCIPAL/INCOME $ 40,634.19
UNREALIZED GAIN ON INVESTMENTS 32 $ 13,812.05
BALANCE ON HAND FOR FUTURE 31 $ 252,637.00
ACCOUNTING
NOTES TO ACCOUNT 32
RECEIPTS OF INCOME - 2001
2001 Dividends Amount
01/19 MSDW Municipal Income Opptys Trust $ 83.60
01/31 Van Kampen American Capital Trust $ 435.00
02/01 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income II $ 416.00
02/23 MSDW Municipal Income Opptys Trust $ 83.60
02/28 Van Kampen American Capital Trust $ 435.00
03/01 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income II $ 416.00
03/23 MSDW Municipal Income Opptys Trust $ 83.60
03/30 Van Kampen American Capital Trust $ 435.00
04/02 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income" $ 425.60
04/20 MSDW Municipal Income Opptys Trust $ 83.60
04/30 Van Kampen American Capital Trust $ 435.00
05/01 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income" $ 425.60
05/18 MSDW Municipal Income Opptys Trust $ 83.60
05/31 Van Kampen American Capital Trust $ 435.00
06/01 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income" $ 425.60
06/22 MSDW Municipal Income Opptys Trust $ 83.60
06/29 Van Kampen American Capital Trust $ 464.00
07/02 Nuveen Pa. Investment Quality Municipal $ 7,14
Nuveen Penn Premium Income" $ 438.40
25
>
07/20 MSDW Municipal Income Opptys Trust $ 83.60
07/31 Van Kampen American Capital Trust $ 464.00
08/01 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income" $ 438.40
08/17 MSDW Municipal Income Opptys Trust $ 83.60
08/31 Van Kampen American Capital Trust $ 464.00
09/04 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income II $ 438.40
09/21 MSDW Municipal Income Opptys Trust $ 83.60
09/28 Van Kampen American Capital Trust $ 481 .40
10/01 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income" $ 451.20
1 0/19 MSDW Municipal Income Opptys Trust $ 83.60
10/31 Van Kampen American Capital Trust $ 481 .40
11/01 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income" $ 451.20
11 /23 MSDW Municipal Income Opptys Trust $ 83.60
11/30 Van Kampen American Capital Trust $ 498.80
12/03 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income" $ 451.20
1 2/21 MSDW Municipal Income Opptys Trust $ 83.60
12/28 Nuveen Pa. Investment Quality Municipal $ 7.14
Nuveen Penn Premium Income" $ 464.00
1 2/31 Van Kampen American Capital Trust $ 498.80
TOTAL . . . . . . . . . . . . . . . . . . . . $ 11,857.88
26
.
2001 Interest Amount
06/15 Philadelphia Po. Airport Revenue Bond (6-15-15) $ 3,000.00
12/1 5 Philadelphia Po. Airport Revenue Bond (6-15-15) 3,000.00
TOTAL . . . . . . . . . . . . . . . . . . . . $ 6,000.00
2001 Capital Gains Amount
1 2/31 Van Kampen American Capital Trust $ 940.18
Van Kampen American Capital Trust 44.66
TOTAL . . . . . . . . . . . . . . . . . . . . $ 984.84
2001 Rents Amount
Baltimore Property 12 Months @ $400 per month $ 4,800.00
TOTAL . . . . . . . . . . . . . . . . . . . . $ 4,800.00
TOTAL INCOME 2001 $ 23,642.72
27
.
.
DISBURSEMENTS OF PRINCIPAL/INCOME - SCHWAB ACCOUNT - 2001
Date Payee Description Amount
01/30 Charles Schwab Margin Interest $ 429.86
02/27 Charles Schwab Margin Interest $ 352.23
03/29 Charles Schwab Margin Interest $ 383.25
04/27 Charles Schwab Margin Interest $ 356.88
05/11 Gilliland & Associates Trust Correspondence $ 115.88
05/30 Charles Schwab Margin Interest $ 397.66
06/28 Charles Schwab Margin Interest $ 340.50
07/30 Charles Schwab Margin Interest $ 358.81
08/03 Director of Finance - 1127 Wedgewood $ 1,606.39
Baltimore
08/30 Charles Schwab Margin Interest $ 368.87
09/27 Charles Schwab Margin Interest $ 353.56
10/21 Home Depot Lawn Care $ 1 72.43
10/22 Register of Wills Baltimore - tax $ 107.14
10/30 Charles Schwab Margin Interest $ 411.23
11 /03 Richard Rupp Legal Services $ 7,000.00
11/10 Acacia Mutual Life Insurance - Mildred $ 113.13
11 /26 Mr. Sam Roder Chimney Repair $ 84.75
11 /29 Charles Schwab Margin Interest $ 396.79
12/1 8 Rupp and Meikle Legal Fees $ 30,115.78
12/28 Charles Schwab Margin Interest $ 435.55
TOTAL . . . . . . . . . . . . . . $ 43,900.69
28
. ,
DISTRIBUTION OF PRINCIPAL/INCOME TO OR FOR BENEFICIARIES -
SCHWAB ACCOUNT - 2001
Date Payee Description Amount
01/28 Amanda Heflin College - February $ 800.00
01/28 Sascha Gerber College - February $ 800.00
01/28 Mischa Gerber College - February $ 800.00
02/26 Amanda Heflin College - March $ 800.00
02/26 Sascha Gerber College - March $ 800.00
02/26 Mischa Gerber College - March $ 800.00
03/17 UNC Charlotte Final Spring Bill $ 251.75
03/30 Amanda Heflin College - April $ 800.00
03/30 Sascha Gerber College - April/Mischa $ 1,275.00
03/30 Mischa Gerber College - April $ 325.00
04/27 Sascha Gerber College - May $ 1,425.00
04/27 Frederick Gerber College - Sascha $ 175.00
05/02 Amanda Heflin College - May $ 800.00
OS/25 Frederick Gerber College - June/Mischa $ 1,150.00
05/31 Amanda Heflin College - June $ 800.00
05/31 Frederick Gerber College - June/Mischa $ 450.00
06/31 Amanda Heflin College - July $ 800.00
07/01 Amanda Heflin College - August $ 800.00
07/27 Mischa Gerber College - August $ 800.00
08/03 DePaul University Tuition - Amanda $ 4,600.00
08/18 Amanda Heflin College - September $ 800.00
08/20 ECPI Tuition - Mischa $ 350.00
08/27 Petra Gerber College - Sept./Mischa $ 800.00
09/29 Mischa Gerber College - October $ 800.00
29
.
.
. ,
10/30 Petra Gerber College - Nov./Mischa $ 800.00
1 0/30 Amanda Heflin College - November $ 800.00
11/25 Amanda Heflin College - Dec./Healthcare $ 2,300.00
1 2/1 5 Millie Scott Care of Mildred $ 155.00
12/16 Giant Groceries - Mildred $ 1 77.44
12/1 9 Amanda Heflin College - December $ 1,000.00
TOTAL . . . . . . . . . . . . . . $ 27,234.19
08/28 Wired Transfer $ 1,100.00
09/21 Wired Transfer $ 7,500.00
$ 8,600.00
Mildred Gerber Rents Baltimore $ 4,800.00
TOTAL DISTRIBUTIONS TO BENEFICIARIES. . . . . . . . $40,634.19
TOTAL DISTRIBUTIONS FOR 2001 .............. $84,534.88
30
.
.
. .
,
PRINCIPAL BALANCE ON HAND DECEMBER 31,2001
SCHWAB ACCOUNT
1760 shares MSDW Municipal Income Opptys Trust $ 13,728.00
93.9565 shares Nuveen Pa. Investment Quality Municipal $ 1,399.95
6400 shares Nuveen Penn Premium Income" $ 90,048.00
5800 shares Van Kampen American Capital Trust $ 92,742.00
1 Philadelphia Pa. Airport Revenue Bond $100,000 $ 104,188.00
Value - Schwab Account. . . . . . $ 302,105.95
Cash balance - deficit $ (112,380.95)
Net Value - Schwab Account .. $ 189,725.00
Less Check No. 274 which cleared in 2002 $ (l,000.00)
TOTAL . . . . . . . . . . . . . . . , . . . $ 188,725.00
House and leasehold Estate
1127 Wedgewood Road
Baltimore County, MD 21229-1247
Appraised at ........................ $ 63,912.00
NET VALUE ............,.. $ 252,637.00
31
(
, .
. . . .
NOTES TO ACCOUNT
1. The unrealized gain of investments for this accounting period, as computed by
the Trustee's C.P.A. - the difference between the value of the investments
when received and the value of the investments on the date of the accounting
period -is$13,812.05
2. The rents from the Baltimore property are being paid directly to Mildred J.
Gerber.
32
. .
. ,
. . . .
Signature page to Account of Fred E. Gerber II, for Revocable Trust of Fred E. Gerber
Sr.
Date: J(: nl: 1 'I 2.DCL r II, Trustee
<
. .
. I , ..
. ' .
FREDERICK E. GERBER, II, Trustee under the Revocable Trust established by
Fred E. Gerber, Sr. on July 29, 1994, hereby declare under oath that he has fully and
faithfully discharged the duties of his office; that the foregoing First and Partial Account
is true and correct and fully discloses all significant transactions occurring during the
accounting period; that all known claims against the Trust during the accounting period
have been paid in full or will be paid when due; that, to his knowledge, there are no
claims now outstanding during the accounting period against the Estate; and that all
taxes presently due from the Trust have been paid.
F E. GERBER, II, TRUSTEE
~
Subscribed, sworn to and aCknOWJe~e me by FREDERICK E. GERBER, II,
Trustee, this ~, day of ,2002.
Notary Public ~
. :ze:
~ CL- ~~. ~"~
jil KAREN BU11..ER
Notary Public
State of Texas
My Commission Expires
',u\Just 30,2005
~ r- ~:.i,..;J;~ -
, ..
, .
COMMONWEALTH OF PENNSYLVANIA SS~
COUNTY OF CUMBERLAND AllJGlJST27,2002
I, Mary C. Lewis, Register for probate of Wills and granting Letters of
Administration for the County of Cumberland, in the Commonwealth of Pennsylvania, do hereby
certify the foregoing to be true and accurate copies of the
FIRST AND PARTIAL ACCOUNT FOR THE REVOCABLE TRUST BY FRED E GERBER,
II SUCCESSOR TRUSTEE, ESTABLISHED BY FRED E GERBER, SR ON JULY 29, 1994
as the same were passed and advertised and remain
on file and of record in this office.
IN TESTIMONY WHEREOF, I have
hereunto set my hand and official seal the date
above.
kJm,})<,1~.~ ~~db/
Mary C. wis, gister 0 ills
NOW TO WIT, AUGUST 27TH.2002, came into Court FRED E GERBER II ,
SUCCESSOR TRUSTEE
and presented an account and statement of proposed
distribution, which were examined, passed, approved, and confirmed with a balance in his hands
of $ -'y-O I lD "5 ~. ~ and the accountant was directed to distribute said
balance in accordance with the statement of distribution filed.
(()~/?1tlCn; ~~ ~iIL ~ tkd
Mary C. Lewis, Clerk 0 e Orph s' Court
COMMONWEALTH OF PENNSYLVANIA SS:
COUNTY OF CUMBERLAND
I, Mary C. Lewis, Clerk ofthe Orphans' Court, in and for said County, do hereby certify
the foregoing to be a true copy of the account and statement of proposed distribution of
FRED E GERBER II, SUCCESSOR TRUSTEE
as full and entire as the same remain on file and
record in this office.
IN TESTIMONY WHEREOF, I have
hereunto set my hand and official seal at Carlisle,
this AUGUST day of JL20 02
· ~_'m iJJh ~ch~ ~!.thtJ.~
Mary C. Lewis, Clerk f the Orp s Court