HomeMy WebLinkAbout11-19-02
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AMENDED AND REST A TED
FIRST AND FINAL ACCOUNT
for the "Revocable Trust" established by Mildred J. Gerber on December 19, 1997, and amended
on August 2, 1999 and January 25, 2001.
Stated by: Fred E. Gerber, II, Successor Trustee
Date of Trustee's first receipt of funds: January 1, 1998
Account stated for the period: January 1,1998 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, V A 22033
or
Herbert G. Rupp, Jr., Esquire
Rupp and Meikle
355 North 21 sl Street, Suite 205
Camp Hill, PA 17011
717-761-3459
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SUMMARY OF ACCOUNT
January 1, 1998 to December 31, 1998
Page Current Value Fiduciary Acquisition
Value
PRINCIPAL
Receipts 1 $ 459,103.81
Unrealized Gain on Sales or other Dispositions 1 $ 192.48
$ 459,296.29
General Disbursements $ 0.00
Fees 1 $ 8,870.16
Balance before Distributions $ 450,426.13
Disbursements for Beneficiaries 1 $ 284.14
Principal Balance on Hand $ 450,141.99
F or Information:
Investments Made 2
Changes in Investment Holdings
INCOME
Receipts 2 $ 27,598.84
Less Disbursements $ 0.00
Balance before Distribution $ 27,598.84
Disbursements for Beneficiaries 4 $ 649.29
Income Balance on Hand * $ 26,949.55
Combined Balance on Hand 4 $ 477,091.54
* Undistributed income was added to principal
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RECEIPTS OF PRINCIPALl998
SCHWAB ACCOUNT
11882.3422 shares at 17.6875 Nuveen P A Invt. Qlty Mun $ 210,168.93
23685.526 shares at 10.5100 Strong High Yield Muni B $ 248,934.88
NET VALUE SCHWAB ACCOUNT .............. $ 459,103.81
UNREALIZED GAINSILOSSES ON SALES OR OTHER DISPOSITIONS - 1998
Asset Unrealized Gain Unrealized Loss
11882.3422 Nuveen P A Investment
Fiduciary Acquisition Value $210,168.93
(Market Value l2/31/97)
Market Value 12/31/98 $2l4,624.81 $4,455.88
23685.5260 Strong High Yield Muni
Bond Fund
Fiduciary Acquisition Value $248,934.88
(Market Value l2/31/97)
Market Value 12/31/98 $244,671.48 $4,263.40
Unrealized Gain on Sales or Other Dispositions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. $192.48
DISBURSEMENT OF PRINCIPAL 1998
DATE PAYEE Description Amount
12/23/98 Rupp and Meikle Legal Services $ 8,870.16
TOTAL. . . . . . . . . . . . . . . . . . . . . . $ 8,870.16
DISBURSEMENT OF PRINCIPAL FOR BENEFICIARIES 1998
DATE PAYEE Description Amount
12/24/98 Circuit City TV for Mildred $ 284.14
TOTAL. . . . . . . . . . . . . . . . . . . . . . $ 284.14
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INFORMATION SCHEDULE - INVESTMENTS MADE - 1998
Schwab Money Market Funds - (One (1) share equals $1.00)
Date Shares Shares Dividends
Purchased Redeemed Reinvested
Opening Balance - Feb. 1998 2144.48
February 3.00 2147.48
March 2057.11 11.00 4215.59
April 2120.41 20.00 6356.00
May 2119.46 29.00 8504.46
June 2l74.18 39.00 10717.64
July 2139.32 46.00 12900.96
August 2234.96 61.7l 15197.63
September 2108.93 63.45 17370.01
October 2126.50 73.44 19569.95
November 2205.43 85.34 21860.72
December 4314.68 9803.59 125.09 16496.90
INCOME RECEIPTS 1998
01/30/98 Strong High Yield Muni B $ 1,146.36
02/02/98 Nuveen P A Invt. Qlty Mun $ 998.12
02/17/98 Schwab Money Market Fund $ 3.00
02/27/98 Strong High Yield Muni B $ l,058.99
03/02/98 Nuveen P A Invt. Qlty Mun $ 998.12
03/16/98 Schwab Money Market Fund $ 11.00
03/31/98 Strong High Yield Muni B $ 1,122.29
04/01/98 Nuveen P A Invt. Qlty Mun $ 998.12
04/16/98 Schwab Money Market Fund $ 20.00
04/30/98 Strong High Yield Muni B $ 1,121.34
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05/01/98 Nuveen P A Invt. Qlty Mun $ 998.12
05/15/98 Schwab Money Market Fund $ 29.00
OS/29/98 Strong High Yield Muni B $ 1,176.06
06/01/98 Nuveen P A Invt. Qlty Mun $ 998.12
06/15/98 Schwab Money Market Fund $ 39.00
06/30/98 Strong High Yield Muni B $ 1,139.20
07/01/98 Nuveen PA Invt. Qlty Mun $ 998.12
07/15/98 Schwab Money Market Fund $ 46.00
07/31/98 Strong High Yield Muni B $ 1,236.84
08/03/98 Nuveen P A Invt. Qlty Mun $ 998.12
08/17/98 Schwab Money Market Fund $ 61.71
08/31/98 Strong High Yield Muni B $ 1,110.81
09/01/98 Nuveen P A Invt. Qlty Mun $ 998.12
09115/98 Schwab Money Market Fund $ 63.45
09/30/98 Strong High Yield Muni B $ 1,128.38
10/0l/98 Nuveen PA Invt. Qlty Mun $ 998.12
10/15/98 Schwab Money Market Fund $ 73.44
10/30/98 Strong High Yield Muni B $ 1,207.31
11/02/98 Nuveen P A Invt. Qlty Mun $ 998.12
11/16/98 Schwab Money Market Fund $ 85.34
11/30/98 Strong High Yield Muni B $ 1,093.70
12/01/98 Nuveen P A Invt. Qlty Mun $ 998.12
12/28/98 Nuveen P A Invt. Qlty Mun $ 998.12
12/31/98 Schwab Money Market Fund $ 125.09
12/31/98 Strong High Yield Muni B $ 1,298.35
TOTAL. . . . . . . . . . . . . . . . . . . . . . . . . $ 26,374.10
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CAPITAL GAINS 1998
Date Description Amount
12/28/98 Nuveen PA Invt. Qlty Mun Capital Gains Dividend $ 7.13
12/28/98 Nuveen P A Invt. Qlty Mun Short Term Capital Gains $ 46.34
12/29/98 Strong High Yield Muni B Capital Gains Dividend $ 2l9.62
12/29/98 Strong High Yield Muni B Short Term Capital Gains $ 951.65
TOTAL. . . . . . . . . . . . . . . . . . . . . . . $ 1,224.74
TOTAL INCOME. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $27,598.84
DISBURSEMENTS OF INCOME FOR BENEFICIARIES 1998
DATE PAYEE Description Amount
12/12/98 Co!. Fred Gerber Reimbursement Receipts $ 649.29
Food and lodging for Mildred
TOTAL $ 649.29
PRINCIPAL BALANCE ON HAND DECEMBER 31, 1998
SCHWAB ACCOUNT
11882.3422 shares at 18.0625 Nuveen P A Invt. Qlty Mun $ 214,624.81
23685.526 shares at 10.3300 Strong High Yield Muni B $ 244,671.48
16496.90 shares at 1.0000 Schwab Money Market Fund $ 16,496.90
Cash balance $ 1,298.35
NET VALUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 477,091.54
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SUMMARY OF ACCOUNT
January 1, 1999 to December 31, 1999
Page Current Value Fiduciary Acquisition
Value
PRINCIPAL
Receipts 6 $ 477,091.54
Net Gain on Sales or other Dispositions 6 $ 17,843.51
$ 494,935.05
Unrealized Loss on Sales or other Dispositions 6 $ 97,624.07
$ 397,310.98
General Disbursements $ 0.00
Fees 6 $ 5,840.22
Balance before Distributions $ 391,470.76
Disbursements for Beneficiaries 7 $ 27,097.00
Principal Balance on Hand $ 364,373.76
For Information:
Investments Made 8
Changes in Interest Holdings
INCOME
Receipts 8 $ 25,923.71
Less Disbursements 10 $ 27.22
Balance before Distribution $ 25,896.49
Distributions to Beneficiaries 10 $ 200.00
Disbursements for Beneficiaries 11 $ 23,423.03
Income Balance on Hand * $ 2,273.46
Combined Balance on Hand 11 $ 366,647.22
* Undistributed income was added to principal
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RECEIPTS OF PRINCIPAL 1999
SCHWAB ACCOUNT
l1882.3422 shares at 18.0625 Nuveen P A Invt. Q1ty Mun $ 2l4,624.81
23685.526 shares at 10.3300 Strong High Yield Muni B $ 244,671.48
16496.90 shares at 1.0000 Schwab Money Market Fund $ 16,496.90
Cash Balance $ 1,298.35
NET VALUE SCHWAB ACCOUNT ................. $ 477,091.54
NET GAINS/LOSSES ON SALES OR OTHER DISPOSITIONS - 1999
1050.000 Nuveen PA Investment
Redeemed - conversion to cash $17,843.51
UNREALIZED GAINS/LOSSES ON SALES OR OTHER DISPOSITIONS - 1999
Asset Unrealized Gain Unrealized Loss
11882.3422 Nuveen PA Investment
Market Value 12/31/98 $214,624.81
Market Value 12/31/99 $143,528.53 $71,096.28
23685.5260 Strong High Yield Muni
Bond Fund
Market Value 12/31/98 $244,671.48
Market Value 12/31/99 $218,143.69 $26,527.79
Unrealized Loss on Sales or Other Dispositions. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $97,624.07
DISBURSEMENTS OF PRINCIPAL 1999
Date Payee Description Amount
02/14/99 Daniel G. Gilliland, CPA Tax Preparation Fees $ 735.16
07/12/99 Daniel Gilliland, CPA Tax Preparation Fees $ 2,105.06
11/09/99 Mr. Hebert Rupp Legal Services $ 3,000.00
TOTAL $ 5,840.22
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DISBURSEMENTS OF PRINCIPAL FOR BENEFICIARIES 1999
Date Payee Description Amount
02/24/99 Union National Bank Fred E. Gerber loan without $ 17,700.00
interest against his share of
Mildred's estate at instruction of
Mildred 1. Gerber, Beneficiary and
Trustor
08/11/99 Sascha Gerber Military Uniforms $ 193.25
08/16/99 Sascha Gerber Military Uniforms $ 70.20
08/19/99 Ranger Joe's Sascha - Military Equip. $ 155.57
08/19/99 US Cay. Sascha - Military Equip. $ 48.49
08/20/99 Sascha Gerber Reimbursement for Military $ 87.80
Equipment
08/31/99 Jane Heflin Loan $ 5,000.00
09/30/99 Director of Finance Property Registration - Baltimore - $ 15.30
to be reimbursed
11/14/99 Maryland Dept. of the Envir. Processing Fee - to be reimbursed $ 10.00
12/17/99 Missouri Military Academy Tuition - Sean - Loan $ 3,816.39
TOTAL $ 27,097.00
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INFORMATION SCHEDULE - INVESTMENTS MADE - 1999
Schwab Money Market Funds - (One (1) share equals $1.00)
Shares Shares Dividends
Date Purchased Redeemed Reinvested
January 1331.28 17828.18
February 2131.73 19959.9l 0.00
March 3874.30 361.58 8.32 3521.04
April 2027.81 15.91 5609.76
May 2165.46 24.56 7799.78
June 1985.68 29.65 9557.23
July 2018.28 2105.06 37.40 9507.85
August 2099.07 2463.25 39.96 9183.63
September 2036.79 5119.00 30.21 6131.63
October 2025.4l 2662.44 27.2l 5521.81
November 2072.74 3806.66 29.66 3817.55
December 3701.19 3838.34 30.31 3710.71
INCOME RECEIPTS 1999
01/29/99 Strong High Yield Muni B $ 1,061.11
01/30/99 Schwab Money Market Fund Dividend $ 32.93
02/01/99 Nuveen PA Invt. Qlty Mun $ 998.12
02/28/99 Schwab Money Market Fund Dividend $ 72.50
02/28/99 Strong High Yield Muni B $ 1,046.02
03/01/99 Nuveen P A Invt. Qlty Mun $ 998.12
03/31/99 Strong High Yield Muni B $ 1,162.89
03/31/99 Schwab Money Market Fund Dividend $ 8.32
04/01/99 Nuveen P A Invt. Qlty Mun $ 909.92
04/30/99 Strong High Yield Muni B $ 1,255.54
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04/30/99 Schwab Money Market Fund Dividend $ 15.9l
05/03/99 Nuveen P A Invt. Qlty Mun $ 909.92
OS/28/99 Strong High Yield Muni B $ 1,075.76
05/31/99 Schwab Money Market Fund Dividend $ 24.56
06/01/99 Nuveen P A Invt. Qlty Mun $ 909.92
06/30/99 Strong High Yield Muni B $ 1,108.36
06/30/99 Schwab Money Market Fund Dividend $ 29.65
07/01/99 Nuveen P A Invt. Qlty Mun $ 909.92
07/30/99 Strong High Yield Muni B $ 1,189.15
07/31/99 Schwab Money Market Fund Dividend $ 37.40
08/02/99 Nuveen P A Invt. Qlty Mun $ 909.92
08/31/99 Strong High Yield Muni B $ 1,126.87
08/31/99 Schwab Money Market Fund Dividend $ 39.96
09/01/99 Nuveen P A Invt. Qlty Mun $ 909.92
09/30/99 Strong High Yield Muni B $ 1,115.49
09/30/99 Schwab Money Market Fund Dividend $ 30.21
10/01/99 Nuveen P A Invt. Qlty Mun $ 909.92
10/29/99 Strong High Yield Muni B $ 1,162.82
10/31/99 Schwab Money Market Fund Dividend $ 27.21
11/01/99 Nuveen P A Invt. Qlty Mun $ 909.92
11/30/99 Strong High Yield Muni B $ 1,123.09
11/30/99 Schwab Money Market Fund Dividend $ 29.66
12/01/99 Nuveen P A Invt. Qlty Mun $ 909.92
12/23/99 Nuveen P A Invt. Qlty Mun $ 877.42
12/31/99 Strong High Yield Muni B $ 1,264.29
12/31/99 Schwab Money Market Fund Dividend $ 30.31
TOTAL $ 25,132.95
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CAPITAL GAINS 1999
Date Description Amount
12/23/99 Nuveen P A Invt. Qlty Mun Capital Gains Dividend $ 771.26
12/23/99 Nuveen P A Invt. Qlty Mun Short Term Capital Gains $ 19.50
TOTAL $ 790.76
TOTAL INCOME .......................................................... $25,923.71
DISBURSEMENTS OF INCOME 1999
Date Payee Description Amount
02/25/99 Charles Schwab Margin Interest $ 3.66
02/26/99 Charles Schwab Check Order Fee $ 19.90
03/29/99 Charles Schwab Margin Interest $ 3.66
TOTAL $ 27.22
DISTRIBUTIONS OF INCOME TO BENEFICIARIES 1999
Date Payee Description Amount
Mildred Gerber cash for Mildred $ 200.00
TOTAL $ 200.00
DISBURSEMENTS OF INCOME FOR BENEFICIARIES - 1999
Date Payee Description Amount
02/01/99 Suburban Cable Cable Services - Mildred $ 133.09
02/05/99 USSA College Tuition - Mischa $ 8,894.00
02/05/99 Nations Bank VISA College Tuition - Sascha $ 8,487.45
02/21/99 Capital One Reimburse Jane Heflin for travel $ 357.92
to New Cumberland
05/30/99 Best Buy Offi e Supplies for Trust $ 103.38
Man gement
06/16/99 Acacia Life Insurance Co. Life nsurance - Marilyn $ 19.50
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06/16/99 Acacia Life Insurance Co. Life Insurance - Jane $ 18.35
06/16/99 Bell Atlantic Mobile Telephone - Mildred $ 116.65
08/08/99 Home Depot Repairs - Hilltop Drive $ 525.43
08/08/99 CompuServe Scanner/Fax/Copier for Trust $ 1,082.51
Management
08120/99 Cpt. John Hanseir Memorial Fund - Fred, Sr. $ 300.00
09/01/99 Loredin General Dist. Court Mildred - Parking Fine $ 59.00
09/15/99 AT&T Telephone for Mildred $ 60.00
09/30/99 Atlantic Insurance Mgmt. Fire Insurance - Hilltop Dr. $ 151.00
10/03/99 Acacia Life Insurance Life Insurance - Marilyn $ 19.50
10/03/99 Acacia Life Insurance Life Insurance - Jane $ 18.35
10/13/99 Bell Atlantic Mobile Telephone - Mildred $ 41.59
10/31/99 P A Dept. of Revenue Tax Payment - Mildred $ l,116.00
10/31/99 Bell Atlantic Mobile Telephone - Mildred $ 159.36
11/01/99 P A Dept. of Revenue Tax Payment - Mildred $ 1,116.00
11/01/99 P A Dept. of Revenue Tax Payment - Mildred $ 622.00
12/15/98 Bell Atlantic Telephone - Mildred $ 21.95
TOTAL $ 23,423.03
PRINCIPAL BALANCE ON HAND DECEMBER 31, 1999
SCHWAB ACCOUNT
10832.3422 shares at 13.2500 Nuveen PA Invt. Qlty Mun $ 143,528.53
23685.526 shares at 19.2100 Strong High Yield Mum B $ 218,143.69
3710.71 shares at 1.0000 Schwab Money Market Fund $ 3,710.71
Cash balance $ 1,264.29
NET VALUE .................................... $ 366,647.22
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SUMMARY OF ACCOUNT
January 1,2000 to December 31,2000
Page Current Value Fiduciary Acquisition
Value
PRINCIPAL
Receipts 13 $ 366,647.22
Unrealized Loss on Sales or other Dispositions 13 $ 11,400.54
$ 355,246.68
General Disbursements $ 0.00
Fees 13 $ 3,500.00
Balance before Distributions $ 351,746.68
Disbursements for Beneficiaries 14 $ 5,780.57
Principal Balance on Hand $ 345,966.11
F or Information:
Investments Made 14
Changes in Investment Holdings
INCOME
Receipts 15 $ 24,004.61
Less Disbursements 16 $ 97.34
Balance before Distribution $ 23,907.27
Disbursements for Beneficiaries 16 $ 22,913.91
Income Balance on Hand * $ 993.36
Combined Balance on Hand 18 $ 346,959.47
* Undistributed income was added to principal
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RECEIPTS OF PRINCIPAL - 2000
SCHWAB ACCOUNT
10832.3422 shares at 13.2500 Nuveen PA Invt. Qlty Mun $ 143,528.53
23685.526 shares at 9.2l00l0.3300 Strong High Yield Muni B $ 218,l43.69
3710.71 shares at 1.0000 Schwab Money Market Fund $ 3,710.71
Cash Balance $ 1,264.29
NET VALUE SCHWAB ACCOUNT............ $ 366,647.22
UNREALIZED GAINS/LOSSES ON SALES OR OTHER DISPOSITIONS - 2000
Asset Unrealized Gain Unrealized Loss
10832.3422 Nuveen P A Investment
Market Value 12/31/99 $143,528.53
Market Value 12/31/00 $148,944.71 $5,416.18
23685.5260 Strong High Yield Muni
Bond Fund
Market Value l2/3l/99 $218,143.69
Market Value 12/31/00 $201,326.97 $16,816.72
Unrealized Loss on Sales or Other Dispositions ................................... $11,400.54
DISBURSEMENTS OF PRINCIPAL - 2000
Date Payee Description Amount
04/05/00 Lindsay Baird Legal Services $ 500.00
04/05/00 Mr. Hebert Rupp Legal Services $ 3,000.00
TOTAL $ 3,500.00
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DISBURSEMENTS OF PRINCIPAL FOR BENEFICIARIES - 2000
Date Payee Description Amount
05/06/00 Joe Cross Roof Repair - Baltimore - to be $ 300.00
reimbursed
07/26/00 R.B. Hobaugh & Son, Inc. Garage Door Installation - Hilltop $ 52.50
Drive
07/26/00 Director of Finance Property Tax - Baltimore - to be $ 1,590.89
reimbursed
07/27/00 Dell Marketing VISA Purchase - computer for $ 3,812.18
Sascha
08120/00 Director of Finance Residential Property Stat. - to be $ 15.00
reimbursed
12/17/00 Maryland Dept. of En vir. Envir. Assessment Fee - to be $ 10.00
reimbursed
TOTAL $ 5,780.57
INFORMATION SCHEDULE - INVESTMENTS MADE - 2000
Schwab Money Market Funds - (One (1) share equals $1.00)
Shares Shares Dividends
Date Purchased Redeemed Reinvested
January 1264.29 12.60 4987.60
February 2009.72 4153.86 18.54 2862.00
March 1966.61 1510.88 16.11 3333.84
April 2241. 79 5353.05 16.75 239.33
May 1929.29 1796.19 6.72 379.15
June 2053.42 1015.94 6.82 1423.45
July 2037.76 1208.51 11.19 2263.89
August 266.46 2536.09 5.74 0.00
September
October 1231.29 1233.61 2.32 0.00
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RECEIPTS OF INCOME - 2000
01/31/00 Strong High Yield Muni B $ 1,132.30
01/3l/00 Schwab Money Market Fund Dividend $ 12.60
02/01/00 Nuveen P A Invt. Qlty Mun $ 877.42
02/29/00 Schwab Money Market Fund Dividend $ 18.54
02/29/00 Strong High Yield Muni B $ 1,089.19
03/01/00 Nuveen PA Invt. QltY Mun $ 877.42
03/31/00 Strong High Yield Muni B $ 1,364.37
03/31/00 Schwab Money Market Fund Dividend $ 16.11
04/01/00 Nuveen P A Invt. Qlty Mun $ 877.42
04/30/00 Strong High Yield Muni B $ 1,051.87
04/30/00 Schwab Money Market Fund Dividend $ 16.75
05/01/00 Nuveen P A Invt. Qlty Mun $ 877.42
05/31/00 Strong High Yield Muni B $ 1,176.00
05/31/00 Schwab Money Market Fund Dividend $ 6.72
06/01/00 Nuveen P A Invt. Qlty Mun $ 877.42
06/15/00 Schwab Money Market Fund Dividend $ 6.82
06/30/00 Strong High Yield Muni B $ 1,214.50
07/03/00 Nuveen P A Invt. Qlty Mun $ 823.26
07/17/00 Schwab Money Market Fund Dividend $ 11.19
07/31/00 Strong High Yield Muni B $ 1,091.51
08/01/00 Nuveen P A Invt. Qlty Mun $ 823.26
08/15/00 Schwab Money Market Fund Dividend $ 5.74
08/31/00 Strong High Yield Muni B $ 1,159.15
09/01/00 Nuveen P A Invt. Qlty Mun $ 823.26
09/29/00 Strong High Yield Muni B $ 1,133.93
10/02/00 Nuveen P A Invt. Qlty Mun $ 823.26
10/16/00 Schwab Money Market Fund Dividend $ 2.32
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10/31/00 Strong High Yield Mum B $ 1,118.19
11/01/00 Nuveen P A Invt. Qlty Mun $ 823.26
11/15/00 Schwab Money Market Fund Dividend $ 0.78
11/30/00 Strong High Yield Muni B $ 1,066.1 0
12/01/00 Nuveen P A Invt. Qlty Mun $ 823.26
12/29/00 Nuveen P A Invt. Qlty Mun $ 823.26
12/29/00 Strong High Yield Muni B $ 1,160.01
TOTAL $ 24,004.61
TOTAL INCOME .......................................................... $24,004.61
DISBURSEMENTS OF INCOME - 2000
Date Payee Description Amount
08/30/00 Charles Schwab Margin Interest $ 8.03
09/28/00 Charles Schwab Margin Interest $ 6.81
10/30/00 Charles Schwab Margin Interest $ 8.43
l1/29/00 Charles Schwab Margin Interest $ 45.79
12/28/00 Charles Schwab Margin Interest $ 28.28
TOTAL $ 97.34
DISBURSEMENTS OF INCOME FOR BENEFICIARIES - 2000
Date Payee Description Amount
01/31/00 Missouri Military Academy Tuition - Sean - Loan $ 2,736.57
03/15/00 Missouri Military Academy Tuition - Sean - Loan $ 1,417.0l
04/15/00 Missouri Military Academy Tuition - Sean - Loan $ 1,415.83
04/1 7/00 Sascha Gerber College Testing Fee $ 270.00
05/13/00 Missouri Military Academy Tuition - Sean - Loan $ 496.19
OS/20/00 Missouri Military Academy Tuition - Sean - Loan $ 1,000.00
06/02/00 Missouri Military Academy Tuition - Sean - Loan $ 766.90
06/30/00 Missouri Military Academy Tuition - Sean - Loan $ 941.16
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01131/00 Jane Heflin Reimbursement travel exp. $ 1,192.00
for care of Mildred
02/09/00 Bell Atlantic Mobile Telephone - Mildred $ 155.29
02/09/00 AAA Auto Club - Mildred $ 70.00
03/15/00 Bell Atlantic Telephone - Mildred $ 93.87
03/29/00 Bell Atlantic Telephone - Mildred $ 13 7.22
04/18/00 Mutual of Omaha Ins. Premium - Mildred $ 30.00
OS/29/00 Highland Gardens House Maintenance - $ 249.04
Hilltop Dr.
06/30/00 Frederick E. Gerber Reimburse - home repair - $ 230.06
Hilltop Dr.
06/30/00 Verizon Wireless Telephone - Mildred $ 37.29
07/26/00 Verizon Wireless Telephone - Mildred $ 47.52
07/28/00 United States Treasury 1040 Tax Payment - $ 7,224.00
Mildred
08/13/00 Mil~ed Gerber Reimburse - Personal Care - $ 214.00
Mildred
08/13/00 Missouri Military Academy Tuition - Sean - Loan $ 1,080.93
09/03/00 Verizon Telephone - Mil~ed $ 64.85
09/18/00 P A Dept. of Revenue Tax Payment - Mildred $ 213.00
09/18/00 Frederick Gerber Sascha Birthday Gift $ 250.00
09/28/00 Verizon Telephone - Mildred $ 94.76
09/26/00 Altantic Insurance Mgmt. Home Ins. - Hilltop Dr. $ 157.00
09/30/00 USAA Auto Ins. - Mildred $ 161.34
10/28/00 Verizon Telephone - Mildred $ 68.08
12/24/00 Mischa Gerber College - room & board $ 800.00
Mischa Gerber Christmas Gift $ 250.00
12/24/00 Sascha Gerber College - room & board $ 800.00
Sascha Gerber Christmas Gift $ 250.00
TOTAL $ 22,913.91
17
. . ,
PRINCIPAL BALANCE ON HAND DECEMBER 31, 2000
SCHWAB ACCOUNT
10832.3422 shares at 13.7500 Nuveen PA Invt. Qlty Moo $ 148,944.7l
23685.526 shares at 8.5000 Strong High Yield Mooi B $ 201,326.97
Less checks which cleared in 2001 (Nos. 201 and 202) $ 2,100.00
Less Margin Loan Outstanding $ 1,212.21
NET VALUE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 346,959.47
18
I .
SUMMARY OF ACCOUNT
January 1,2001 to December 31,2001
Page Current Value Fiduciary Acquisition
Value
PRINCIPAL
Receipts 21 $ 346,959.47
Net Gain on Sales or other Dispositions 21 $ ll,399.48
$ 358,358.95
General Disbursements 21 $ 270,126.42
Fees 22 $ 28,351.49
Balance before Distributions $ 59,881.04
Disbursements for Beneficiaries 22 $ 59,845.01
Principal Balance on Hand $ 36.03
For Information:
Investments Made
Changes in Investment Holdings
INCOME
Receipts 23 $ l8,240.94
Less Disbursements 24 $ 4,070.03
Balance before Distribution $ 14,170.91
Disbursements for Beneficiaries 25 $ 14,206.92
Income Balance on Hand $ (36.01)
Combined Balance on Hand 26 $ 0.02
, , ,
.
RECEIPTS OF PRINCIPAL - 2001
SCHWAB ACCOUNT
10832.3422 shares at 13.7500 Nuveen PA Invt. Qlty Mun $ 148,944.71
23685.526 shares at 8.5000 Strong High Yield Muni B $ 201,326.97
Less checks which cleared in 200l (Nos. 201 and 202) $ 2,lOO.00
Less Margin Loan Outstanding $ l,2l2.21
NET VALUE SCHWAB ACCOUNT ............ $ 346,959.47
NET GAINS/LOSSES ON SALES OR OTHER DISPOSITIONS - 2001
10,832.3422 shares Nuveen P A Investment
Redeemed - conversion to cash
23,685.5260 shares Strong High Yield Fund
Redeemed - conversion to cash. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $11,399.48
DISBURSEMENTS OF PRINCIPAL TO PNC BANK - GUARDIAN OF ESTATE
OF MILDRED J. GERBER
11/07/01 PNC Bank $ 269,530.28
12/11/01 PNC Bank $ 596.14
TOTAL $ 270,l26.42
21
I . , I .
DISBURSEMENTS OF PRINCIPAL - 2001
Date Payee Description Amount
01/24/01 Orrstown Bank Jacqueline Verney, Esquire for $ 1,500.00
legal fees for Mildred J. Gerber
01/25/01 Rupp and Meikle Legal Fees $ 5,000.00
01/31/01 Rupp and Meikle Legal Fees $ 7,000.00
03/13/01 Rupp and Meikle Legal Fees $ 5,000.00
03/20/01 Orrstown Bank Jacqueline Verney, Esquire for legal $ 1,500.00
fees for Mildred J. Gerber
03/22/01 Rupp and Meikle Legal Fees $ 5,000.00
5/24/01 Jacqueline Verney Legal Fees $ l,OOO.OO
5/24/01 Allfirst Bank Rupp and Meikle - reimbursement $ 500.00
for fees of handwriting expert
OS/26/01 Lindsay Baird Legal Services $ 1,500.00
09/23/0l Daniel G. Gilliland, CPA Income Tax Preparation for $ 351.49
Mildred
TOTAL $ 28,351.49
DISBURSEMENTS OF PRINCIPAL FOR BENEFICIARIES - 2001
Date Payee Description Amount
01/23/0l PNC Bank Mildred 1. Gerber for living $ 1,000.00
expenses, etc.
1/23/01 Sun Trust Bank Transfer to Fred E. Gerber by $ 30,000.00
instruction of Mildred J.
Gerber, beneficiary and
Trustor - subject to conditions
03/06/01 Jane Heflin Reimburse - Travel, etc. - $ 900.00
Guardianship - to care for
Mildred
05/30/01 PNC Bank Mildred J. Gerber for medical $ 25,000.00
expenses, living expenses, etc.
06/07/01 Jane Gerber Heflin Reimburse - Mildred Travel to $ 1,000.00
Chicago
07/11/01 Sascha Gerber Loan - Officers School $ 500.00
22
. , , . . . I I
11/11/01 Jane Gerber Reimburse - food, clothing, $ 637.01
etc. - Mildred
11/21/01 Valley Bank of MD Ground Rent - Baltimore - to $ 48.00
be reimbursed
11/30/01 Somerset Pointe College Expense - room & $ 760.00
board Mischa
TOTAL $ 59,845.01
RECEIPTS OF INCOME - 2001
01/31/01 Strong High Yield Muni B $ 1,116.46
02/01/01 Nuveen PA Invt. Qlty Mun $ 823.26
02/28/0 1 Schwab Money Market Fund Dividend $ 970.79
03/01/01 Nuveen P A Invt. Qlty Mun $ 823.26
03/30/01 Strong High Yield Muni B $ l,061.86
04/02/01 Nuveen P A Invt. Qlty Mun $ 823.26
04/30/01 Strong High Yield Muni B $ 954.49
05/01/01 Nuveen P A Invt. Qlty Mun $ 823.26
05/31/0 1 Strong High Yield Muni B $ 1,005.27
06/01/01 Nuveen P A Invt. Qlty Mun $ 823.26
06/29/01 Strong High Yield Muni B $ 979.62
07/02/01 Nuveen P A Invt. Qlty Mun $ 823.26
07/31/01 Strong High Yield Muni B $ 945.46
08/01/01 Nuveen P A Invt. Qlty Mun $ 823.26
08/31/01 Strong High Yield Muni B $ 1,045.39
09/04/01 Nuveen P A Invt. Qlty Mun $ 823.26
09/28/01 Strong High Yield Muni B $ 848.77
10/01/01 Nuveen P A Invt. Qlty Mun $ 823.26
10/31/01 Strong High Yield Muni B $ 940.13
11/01/01 Nuveen P A Invt. Qlty Mun $ 823.26
23
. , , . . . . .
11/06/01 Early MMF Dist. $ 6.36
11/15/01 Schwab Money Market Fund $ 0.78
11/29/01 Schwab 1 Interest $ 5.26
11/30/01 Strong High Yield Muni B $ 124.43
l2/l0/01 Early MMF Dist. $ 3.25
12/28/0l Schwab 1 Interest $ 0.02
TOTAL $ 18,240.94
TOTAL INCOME .......................................................... $18,240.94
DISBURSEMENTS OF INCOME - 2001
Date Payee Description Amount
01/30/01 Charles Schwab Margin Interest $ 91.86
02/27/01 Charles Schwab Margin Interest $ 317.25
03/29/01 Charles Schwab Margin Interest $ 352.77
04/27/01 Charles Schwab Margin Interest $ 372.02
05/30/01 Charles Schwab Margin Interest $ 391.90
06/28/01 Charles Schwab Margin Interest $ 484.96
07/30/01 Charles Schwab Margin Interest $ 537.13
08/30/01 Charles Schwab Margin Interest $ 515.84
09/27/01 Charles Schwab Margin Interest $ 445.15
10/30/01 Charles Schwab Margin Interest $ 477.27
11/29/01 Charles Schwab Margin Interest $ 83.88
TOTAL $ 4,070.03
24
. , , . . ' . ,
DISBURSEMENTS OF INCOME FOR BENEFICIARIES - 2001
Date Payee Description Amount
03/12/01 Jane Heflin Reimburse - Travel, etc. - $ 1,839.74
Guardianship - for Mildred
03/17/01 Frederick Gerber Reimburse for Mildred Exp - gas, $ 2,264.58
food, etc..
05/01/01 USAA Membership Renewal - Mildred $ 90.00
OS/27/01 American Amicable Life Life Insurance - Mildred $ 122.60
OS/28/01 AT&T Telephone - Mildred $ 82.80
06/12/01 Wachovia MC Reimburse - Fred Gerber - travel, etc. $ 726.97
Mildred
06/15/01 Kmart Mildred - household items $ 556.50
06/23/01 Framers Workshop Framed Diplomas - Mildred $ 1,092.75
06/23/01 Derr's House Cleaning - Hilltop Dr. $ 700.00
07/21/01 Home Depot Home Repair - Hilltop Dr. $ 335.17
07/23/01 Fred Gerber Reimburse - travel expo - for Mildred $ 1,080.71
07/29/0l Rite Aid Medications - Mildred $ 27.00
07/29/01 Karns Groceries - Mildred $ 118.64
08/02/01 Millie Scott Reimbursement for Hairdresser - $ 14.00
Mildred
08/20/01 Central Collection Unit Telephone - Mildred $ 61.43
08/23/01 Frederick Gerber Reimburse - food, gas, etc. - for $ 714.70
Mildred
09/07/01 Gregg Smore Lawn Maintenance - Hilltop Drive $ 100.00
09/08/01 Karns Groceries - Mildred $ 187.13
09/09/01 Millie Scott Care of Mildred $ 183.00
09/23/01 Millie Scott Care of Mil~ed $ 170.00
09/23/01 Wachovia Reimburse - Fred Gerber - $ 438.63
food/gas/restaurant for Mildred
09/23/01 Atlantic Insurance Mgmt. Insurance - Hilltop Dr. $ 208.00
11/06/01 Verizon Telephone - Mildred $ 50.11
25
. J ) . . . . .
11/10/01 Greg Smore Lawn Maintenance - Hilltop Drive $ 30.00
11/11/01 Office Max Fax Machine and office supplies - $ 585.10
Trust Management
11/16/01 Millie Scott Reimburse - groceries - for Mildred $ 81.00
11/25/01 Rite Aid Pharmacy/food/diapers - Mildred $ 163.24
11/25/01 Giant Groceries for Mildred $ 292.69
11/25/01 Frederick Gerber Reimburse - food, gas, pharmacy, etc. $ 1,821.43
- for Mildred
11/25/01 Globe Life Insurance - Mildred $ 69.00
TOTAL $ 14,206.92
PRINCIPAL BALANCE ON HAND DECEMBER 31,2001
SCHWAB ACCOUNT
Cash $ 0.02
NET VALUE ....................................... $ 0.02
26
. . , . . . .
NOTES TO ACCOUNT
1 . The Trustee intends to claim commissions for the years 1998 through 2001
from the Guardian of the Estate for the administration of the Trust as follows:
1998 - 2001 income $95,768.10x5% = $4,788.41
2. The Trustee intends to claim an Administration Fee based on 4 years of
administration, on assets of $459,103.00 x 1 Y2%+ = $7,000.00
3. The Trustee intends to claim reimbursement for the costs of filing the First and
Final Account of this Trust of $182.00.
4. Promissory Notes with interest will be obtained from Jane Heflin, Sean Heflin
and Mischa Gerber for loans made to them.
1'/\
15-Nov-02 05:23pn From-~EA~TMCAR~ OPERATIONS H036313m T-748 p.nm F-080
,,~. . ..._,..,.. - . r_. .~.....
. . . . .
. . .
Sionnture pace to the ""'e"d.d and Restat.d Fin;t and FinQI Account of Frod E.
Gllt'ber, II for Revocable Trust of Mildred J. Gerber.
Date; //-I.~-t}'-z.- Fred t. Gerb....~
RtUIVld D'~ov-n2 17 : 11 Fr..m 0214 Tc-HOD4sa D I RECTO. OPiIl PUI 03
. . . " . .. .. ,
FREDERICK E. GERBER, II, Trustee under the Revocable Trust established by
Mildred J. Gerber on December 19, 1997 and amended on August 2, 1999 and January
25, 2001, hereby declares under oath that he has fully and faithfully discharged the
duties of his office; that the foregoing Amended and Restated 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 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.
FREDERI
Subscribed, sworn to and acknowledged before me by FREDERICK E. GERBER, II,
Trustee, this /~ day of ,(HlI'f/h ~~~ ,2002.
.~ ~y{,f1#_ ~N4/~ar~
Notary Public
. .. . . . IIIIrI .. ,
CERTIFICATE OF SERVICE
I, Herbert G. Rupp, Jr., Esquire, do hereby certify that I am serving a true and
correct copy of the foregoing Amended and Restated First and Final Account upon the
persons named below by placing the same in the United States Mail, First Class, Postage
Prepaid, on the date stated below:
Marilyn Jo Gerber
42 Drexel Place
New Cumberland, PA 17070
Amy J. Mendelsohn, Esquire
Rhoads & Sinon LLP
One South Market Square, 12th Floor
P.O. Box 1146
Harrisburg, PA 17108-1146
~~..?~\I
ert G. Rupp, Jr., squire
Attorney I.D.# 01597
355 North 21 st Street, Suite 205
Camp Hill, Pennsylvania 17011
(717) 761-3459
Date: ~ ~ \ ~f 'l.8ral-
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