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Home My WebLink About10-24-03COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION No. JOSEPH D. AND JANE W. BRENNER TRUST FIRST AND FINAL ACCOUNT OF MANUFACTURERS AND TRADERS TRUST COMPANY JOSEPH D. BRENNER, JR AND MARGARET B. BUSHEY, CO-TRUSTEES Date of Trust: Accounting for the Period: November 23, 1994 December 5, 1994 to September 25, 2003 Purpose of Account: Manufacturers and Traders Trust Company, Joseph D. Brenner, Jr and Margaret B. Bushey, Co-Trustees, offer this account to acquaint interested parties with the transactions that have occurred during this administration. It is important that the account be carefully examined. GROSS ESTATE (Principal Receipts + Income Receipts) 1,096,817.00 SUI~MARY,OF.ACGOUNT Joseph D. & Jane W. Brenner Trust For Period of 12/05/1994 through 09/25/2003 Proposed Distributions to Beneficiaries PRINCIPAL Receipts: Per Inventory Filed 1-2 Subseq Prn Receipts Net Gain (or Loss) on Sales 3-5 or Other Disposition Page Less Disbursements: General Disbursements 6 Fees and Commissions Balance before Distributions Distributions to Beneficiaries Principal Balance on Hand 7 For Information: Investments Made 8-9 Changes in Investment Holdings 10-13 INCOME Current Value 0.00 Fiduciary Acquisition Value 0.00 585,032.75 185,508.54 704,877.04 1,475,418.33 249,572.00 0.00 249,572.00 1,225,846.33 0.00 1,225,846.33 Receipts: This Account Net Gain (or Loss) on Sales or Other Disposition Less Disbursements Balance Before Distribution Distributions to Beneficiaries Income Balance on Hand For Information: Investments Made Changes in Investment Holdings COMBINED BALANCE ON HAND 14-22 23-24 25-31 32 326,275.71 0.00 326,275.71 9,861.12 316,414.59 314,538.34 1,876.25 1,227,722.58 12/05/94 SCHEDULE A RECEIPTS OF PRINCIPAL CASH: Joseph d. & Jane W. Brenner - Addition to account 60.00 Fiduciary Acquisition Value STOCKS/LI STED: 12/05/94 8,571.0000 shares AMP Inc - From Jane Brenner 12/05/94 8,571.0000 shares AMP Inc - From Joseph D. Brenner 292,486.38 292,486.37 60.00 584,972.75 SUBSEQUENT PRINCIPAL RECEIPTS: 10/16/98 1,855.0000 shares AMP Inc Additional gift from Joseph D. Brenner, Sr. 11/12/98 917.0000 shares AMP Inc - Additional gift from Joseph D. Brenner Sr. 07/24/01 Pennsylvania Department of Revenue - 12/31/00 income tax refund 06/13/03 Pennsylvania Department of Revenue - Fiduciary income tax refund 88,692.19 43,844.06 6,041.00 8.00 -1- 09/z8/00 09/18/01 05/25/01 South Fayette Twp PA Sch Dist 4.15% due 9/15/09 - Ordinary income on disposition South Fayette Twp PA Sch Dist 4.15~ due 9/15/09 Ordinary income on disposition United States Treasury - 12/31/00 income tax refund 29.51 58.78 46,835.00 TOTAL RECEIPTS OF PRINCIPAL ............... 185,508.54 770,541.29 -2- SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS - PRINCIPAL 04/21/99 Tyco Int'l Ltd New - Cash in lieu of fractional shares Net Proceeds 148.97 Fid. Acq. Value 105.38 43.59 07/22/99 11,116.0000 shares Tyco Int'l Ltd New Net Proceeds 1,116,009.16 Fid. Acq. Value 286,693.22 04/24/00 30,000.0000 units Carlisle Boro PA 4.10% due 12/15/04 Net Proceeds Fid. Acq. Value 28,218.30 29,855.70 09/18/00 5,000.0000 units South Fayette Twp PA Sch Dist 4.15% due 9/15/09 829,315.94 Net Proceeds 4,970.49 Fid. Acq. Value 4,706.40 264.09 05/16/01 50,000.0000 Danville PA Area Sch Dist Ser AA 4.70X due 5/15/06 Net Proceeds 50,000.00 Fid. Acq. Value 50,000.00 0.00 09/18/01 5,000.0000 units South Fayette Twp PA Sch Dist 4.15% due 9/15/09 Net Proceeds 4,941.22 Fid. Acq. Value 4,706.40 234.82 02/01/02 50,000.0000 Carlisle Boro PA 4.8% due 8/1/o3 Gain Net Proceeds 50,000.00 Fid. Acq. Value 50,000.00 0.00 Loss 1,637.40 -3- 03/01/02 50,000.0000 Conemaugh Twp PA Area Sch Dist 4.35% due 9/1/02 03/01/02 Net Proceeds Fid. Acq. Value 50,000.00 50,029.37 Conemaugh Twp PA Area Sch Dist 4.35% due 9/1/02 - Amortized bond premium Net Proceeds 0.00 Fid. Acq. Value 147.63 06/14/02 50,000.0000 Forest Hills PA Sch Dist 4.50~ due 10/1/05 Net Proceeds Fid. Acq. Value 50,000.00 49,869.50 06/17/02 22,266.0000 shares Tyco Int'l Ltd New Net Proceeds 193,485.68 Fid. Acq. Value 287,131.67 06/17/02 11,134.0000 shares Tyco Int'l Ltd New 09/16/02 Net Proceeds 113,243.82 Fid. Acq. Value 143,578.73 5,000.0000 South Fayette Twp PA Sch Dist 4.15% due 9/15/09 Net Proceeds Fid. Acq. Value 5,000.00 4,706.40 06/16/03 20,000.0000 units Carlisle Boro PA 4.10% due 12/15/04 Net Proceeds Fid. Acq. Value 20,000.00 19,903.80 09/15/03 5,000.0000 South Fayette Twp PA Sch Dist 4.15% due 9/15/09 Net Proceeds Fid. Acq. Value 5,000.00 4,706.40 130.50 293.60 96.20 293.60 29.37 147.63 93,645.99 30,334.91 -4- TOTAL GAINS AND LOSSES/PRINCIPAL ........... LESS LOSS ............................. NET GAIN OR LOSS..., ....................... 830,672.34 125,795.30 125,795.30 704,877.04 -5- SCHEDULE C DISBURSEMENTS OF PRINCIPAL 04/12/99 04/12/99 03/27/00 o3/27/oo 04/10/02 09/09/02 12/24/02 SCHEDULE C-1 GENERAL DISBURSEMENTS Pennsylvania Department of Revenue Quarterly estimated income tax United States Treasury - Quarterly estimated income tax Internal Revenue Service - Fiduciary income tax Pennsylvania Department of Revenue - Fiduciary income tax Pennsylvania Department of Revenue Fiduciary income tax Pennsylvania Department of Revenue - Quarterly estimated income tax Pennsylvania Department of Revenue - Quarterly estimated income tax 6,046.00 46,835.00 172,505.00 24,175.00 3.00 6.00 2.00 249,572.00 TOTAL DISBURSEMENTS OF PRINCIPAL .................... 249,572.00 -6- PRINCIPAL BALANCE ON HAND # Units Description Vision Instit. Prime Money Market 50,000.0000 Chambersburg PA Area Sch Dist 4.5% due 4/1/06 50,000.0000 Lancaster Cnty PA 4.45% due 11/1/05 50,000.0000 Middletown PA Area Sch Dist Ser A 4.90% due 3/15/07 50,000.0000 Northampton PA Area Sch Dist 4.80% due 9/1/09 iO0,O00.O000PA State First Ser 5% due 3/1/07 100,000.0000 PA State Second Set 4.50% due 10/1/03 50,000.0000 Pequea Valley PA Sch Dist 4.20% due 4/1/o8 50,000.0000 Red Lion PA Muni Auth 5% due 12/1/10 30,000.0000 South Fayette Twp PA Sch Dist 4.155 due 9/15/09 50,000.0000 Unionville-Chadds Ford PA Sch Dist 4.75% due 6/1/08 50,000.0000 West Chester PA Area Sch Dist 55 due 911110 Current Value Fiduciary Acquisition or as Noted Value~ 601,251.43 601,251.43 51,480.95 49,860.50 51,763.95 50,000.00 51,663.95 49,845.50 51,789.45 49,803.00 110,158.00 99,583.00 100,070.00 99,641.00 50,840.00 47,748.50 52,054.45 50,000.00 30,775.47 28,238.40 52,204.45 49,875.00 53,338.95 50,000.00 1,257,391.05 1,225,846.33 -7- SCHEDULE E INVESTMENTS MADE - PRINCIPAL 07/30/99 08/24/99 09/17/99 09/17/99 09/17/99 10/04/99 10/05/99 10/12/99 10/14/99 10/26/99 11/01/99 ~ Units 50,000.0000 units Carlisle Boro PA 4.10% due 12/15/04 - units purchased 50,000.0000 units Conemaugh Twp PA Area Sch Dist 4.35% due 9/1/02 - units purchased 50,000.0000 units West Chester PA Area Sch Dist 5% due 9/1/10 - units purchased 50,000.0000 units South Fayette Twp PA Sch Dist 4.15% due 9/15/09 - units purchased 50,000.0000 units Pequea Valley PA Sch Dist 4.20% due 4/1/08 - units purchased 50,000.0000 units Forest Hills PA Sch Dist 4.50% due 10/1/05 units purchased 50,000.0000 units Danville PA Area Sch Dist Ser AA 4.70% due 5/15/06 - units purchased 50,000.0000 units Red Lion PA Muni Auth 5% due 12/1/10 units purchased 50,O0O.O000 units Chambersburg PA Area Sch Dist 4.5% due 4/1/06 units purchased 50,000.0000 units Northampton PA Area Sch Dist 4.80% due 9/1/09 - units purchased 50,000.0000 units Lancaster Cnty PA 4.45% due 11/1/05 - units purchased Cost 49,759.50 50,177.00 50,000.00 47,064. O0 47,748.50 49,869.50 50,000.00 50 000.00 49 860.50 49,803.00 50,000.00 -8- 11/Ol/99 12/16/99 12/16/99 Ol/12/00 02/02/00 100,000.0000 units PA State Second Ser 4.50% due 10/1/03 - units purchased 50,000.0000 units Unionville-Chadds Ford PA Sch Dist 4.75% due 6/1/08 - units purchased 50,000.0000 units Middletown PA Area Sch Dist Set A 4.90% due 3/15/07 - units purchased 50,000.0000 units Carlisle Boro PA 4.8% due 8/1/03 - units purchased 100,000.0000 units PA State First Ser 5% due 3/1/07 units purchased 99,641.00 49,875.00 49,845.50 50,000.00 99,583.00 -9- SCHEDULE F CHANGES IN INVESTMENT HOLDINGS - PRINCIPAL AMP Inc 12/05/94 8,571.0000 shares inventoried 12/05/94 8,571.0000 shares inventoried 02/28/95 17,142.0000 shares received in stock split 10/16/98 1,855.0000 shares inventoried 11/12/98 917.0000 shares inventoried 04/06/99 (37,056.0000)shares Stock merger with Tyco Int'l Ltd New 0.0000 Cost 292,486.37 292,486.38 0.00 88,692.19 43,844.06 (717,509.00) 0.00 Carlisle Boro PA 4.10% due 12/15/04 07/30/99 50,000.0000 units purchased 04/24/00 (30,000.0000)units sold 06/16/03 (20,000.0000)units sold 0.0000 49,759.50 (29,855.70) (19,903.80) 0.00 Carlisle Boro PA 4.8% due 8/1/03 01/12/00 50,000.0000 unit's purchased 02/01/02 (50,000.0000)sold 0.0000 50,000.00 (5O,OOO.OO) 0.00 Chambersburg PA Area Sch Dist 4.5% due 4/1/06 10/14/99 50,000.0000 units purchased 50,000.0000 49,860.50 49,860.50 -10- Conemaugh Twp PA Area Sch Dist 4.35% due 9/1/02 08/24/99 03/01/02 03/01/02 50,000.0000 units purchased sold (50,000.0000)sold 0.0000 50,177.00 (147.63) (50,029.37) 0.00 Danville PA Area Sch Dist Set AA 4.70% due 5/15/06 10/05/99 50,000.0000 units purchased 05/16/01 (50,000.0000)sold 0.0000 50,000.00 (5O,000.O0) 0.00 Forest Hills PA Sch Dist 4.50Z due lO/1/o5 10/04/99 50,000.0000 units purchased 06/14/02 (50,000.0000)sold 0.0000 49,869.50 (49,869.50) 0.00 Lancaster Cnty PA 4.45% due 11/1/05 11/01/99 50,000.0000 units purchased 50,000.0000 50,000.00 50,000.00 Middletown PA Area Sch Dist Ser A 4.90X due 3/15/07 12/16/99 50,000.0000 units purchased 50,000.0000 49,845.50 49,845.50 -11- Northampton PA Area Sch Dist 4.80% due 9/1/09 10/26/99 50,000.0000 units purchased 50,000.0000 49,803.00 49,803.00 PA State First Ser 5% due 3/1/07 02/02/00 100,000.0000 units purchased 100,000.0000 99,583.00 99,583.00 PA State Second Ser 4.50% due 10/1/03 11/01/99 100,000.0000 units purchased 100,000.0000 99,641.00 99,641.00 Pequea Valley PA Sch Dist 4.20% due 4/1/08 09/17/99 50,000.0000 units purchased 50,000.0000 47,748.50 47,748.50 Red Lion PA Muni Auth 5% due 12/1/10 10/12/99 50,000.0000 units purchased 50,000.0000 50,000.00 50,000.00 South Fayette Twp PA Sch Dist 4.15% due 9/15/09 09/17/99 50,000.0000 units purchased 09/18/00 (5,000.0000)units sold 09/18/01 (5,000.0000)units sold 47,064.00 (4,706.40) (4,706.40) -12- 09/16/02 09/15/03 (5,000.0000)sold (5,000.0000)sold 30,000.0000 (4,706.40) (4,706.40) 28,238.40 Tyco Int'l Ltd New 04/06/99 27,816.0000 shares Stock merger with AMP, Inc. 04/21/99 sold 07/22/99 (ll,ll6.0000)shares sold 10/27/99 16,700.0000 shares received 06/17/02 (22,266.0000)shares sold 06/17/02 (ll,134.0000)shares sold 0.0000 in stock split 717,509.00 (105.38) (286,693.22) 0.00 (287,131.67) (143,578.73) 0.00 Unionville-Chadds Ford PA Sch Dist 4.75% due 6/1/08 12/16/99 50,000.0000 units purchased 5O,OO0.O0O0 49,875.00 49,875.00 West Chester PA Area Sch Dist 5% due 9/1/lO 09/17/99 50,000.0000 units purchased 50,000.0000 50,000.00 50,000.00 -13- S CIiEDULE G RECEIPTS OF INCOME AMP Inc 03/02/95 06/02/95 09/02/95 12/04/95 03/04/96 06/03/96 09/03/96 12/02/96 03/03/97 06/02/97 09/02/97 12/02/97 03/02/98 06/01/98 09/01/98 12/01/98 03/01/99 17,142.0000 34,284.0000 34,284.0000 34 284.0000 34.284.0000 34~284.0000 34.284.0000 34 284.0000 34284.0000 34~284.0000 34~284.0000 34 284.0000 34 284.0000 34 284.0000 34~284.0000 36 139.0000 37 056.0000 shares shares shares shares shares shares shares shares shares shares shares shares shares shares shares shares shares Carlisle Boro PA 4.8% due 8/1/03 o8/ol/Ol SCMEDULEG-1 DIVIDENDS 7 885.32 7,885.32 7.885.32 7 885.32 8 571.00 8.571.00 8 571.00 8 571.00 8 913.84 8 913.84 8 913.84 8,913.84 9.256.68 9 256.68 9 256.68 9 757.53 10.005.12 149,013.33 1,200.00 Tyco Int'l Ltd New 08/02/99 27,816.0000 11/01/99 02/01/00 05/01/00 08/01/00 11/01/00 02/02/01 05/02/01 08/01/01 11/01/01 02/01/02 05/01/02 16,700.0000 33,400.0000 33 400.0000 33 400.0000 33 400.0000 33.400.0000 33.400.0000 33 400.0000 33 400.0000 33.400.0000 33.400.0000 shares shares shares shares shares shares shares shares shares shares shares shares TOTAL DIVIDEND INCOME ..................... 695.40 417.50 417.50 417.50 417.50 417.50 417.50 417.50 417.50 417.50 417.50 417.50 5,287.90 155,501.23 -14- SCFIEDULE G- 2 INTEREST Carlisle Boro PA 4.10% due 12/15/04 12/15/99 04/24/00 o6/15/oo 12/15/oo o6/15/Ol 12/17/Ol 06/17/02 12/16/02 06/16/03 Carlisle Boro PA 4.8% due 8/1/03 o2/ol/oo 08/01/00 o2/ol/Ol 02/01/02 Chambersburg PA Area Sch Dist 4.5% due 4/1/06 04/03/00 10/02/00 04/02/01 lO/Ol/O1 o4/ol/o2 10/01/02 04/01/03 Conemaugh Twp PA Area Sch Dist 4.35% due 9/1/02 09/01/99 o3/ol/oo o9/ol/oo o3/ol/Ol 09/04/01 03/01/02 1,025.00 440.75 410.00 410.00 410.00 410.00 410.00 410.00 410.00 1,200.00 1,200.00 1,200.00 1,200.00 1.125.00 1 125.00 1 125.00 1 125.00 1 125.00 1 125.00 1 125.00 1,087.50 1,087.50 1,087.50 1,087.50 1,087.50 1,087.50 4,335.75 4,800.00 7,875.00 6,525.00 -15- Danville PA Area Sch Dist Ser AA 4.70% due 5/15/06 11/15/99 o5/15/oo 11/15/oo o5/15/Ol Forest Hills PA Sch Dist 4.50~ due lO/1/o5 04/03/00 10/02/00 04/02/01 1o/o1/o1 04/01/02 06/14/02 Governor Prime Money Market 03/01/99 04/01/99 04/01/99 05/03/99 06/01/99 07/01/99 08/02/99 09/01/99 09/01/99 10/01/99 10/01/99 11/01/99 11/01/99 12/01/99 12/01/99 ol/o3/oo Ol/O3/OO 02/01/00 02/01/00 o3/ol/oo o3/ol/oo 04/03/00 04/03/00 o5/ol/oo o5/ol/oo 06/01/00 o6/ol/oo 1,175.00 1,175.00 1,175.00 1,175.00 1,125.00 1,125.00 1,125.00 1,125.00 1,125.00 450.00 0.20 0.22 9.49 0.38 0.78 0.76 1,424.30 4,248.67 5.51 3,806.95 6.47 10.69 3,109.57 2,065.93 27.05 1,955.38 13.87 9.45 1,555.55 12.64 983.81 15.71 917.24 34.40 50.27 8.07 52.25 4,700.00 6,075.00 -16- 07/03/00 07/03/00 08/01/00 08/01/00 09/01/00 09/01/00 10/02/00 10/02/00 11/Ol/OO 11/o1/oo 12/Ol/OO 12/Ol/OO Ol/O2/Ol 01/02/01 02/01/01 02/01/01 KeyPremier Prime Money Market 10/02/97 11/04/97 12/01/97 12/01/97 01/02/98 01/02/98 02/02/98 03/02/98 04/01/98 04/01/98 05/01/98 06/01/98 07/01/98 07/01/98 08/03/98 09/01/98 zo/o1/98 10/01/98 11/02/98 12/01/98 01/04/99 01/04/99 02/01/99 Lancaster Cnty PA 4.45% due 11/1/05 o5/ol/oo 11/o1/oo 8.23 26.16 8.58 1.90 8.59 10.13 19.76 14.38 34.51 38.84 32.55 48.83 20.64 33.04 7.12 0.40 0.07 0.26 0.26 0.04 0.27 8.84 0.27 0.24 0.26 9.08 0.25 0.26 0.25 10.24 0.26 0.26 10.24 0.25 0.25 0.24 0.24 10.03 0.24 1,112.50 1,112.50 20,639.27 52.60 -17- o5/ol/Ol 11/Ol/Ol o5/ol/o2 11/Ol/O2 o5/ol/o3 Middletown PA Area Sch Dist Set A 4.90% due 3/15/07 o3/15/oo o9/15/oo o3/15/Ol o9/17/Ol 03/15/02 09/16/02 03/17/03 09/15/03 MTB Prime Money Market 09/02/03 09/02/03 Northampton PA Area Sch Dist 4.80% due 9/1/09 o3/ol/oo o9/ol/oo o3/ol/Ol 09/04/01 03/01/02 09/03/02 03/03/03 09/02/03 PA State First Ser 5% due 3/1/07 o3/ol/oo o9/ol/oo o3/ol/Ol 09/04/01 03/01/02 09/03/02 03/03/03 09/02/03 1,112.50 1,112.50 1,112.50 1,112.50 1,112.50 612.50 1 225.00 1 225.00 1 225.00 1 225.00 1 225.00 1 225.00 1.225.00 196.92 0.34 906.67 1 200.00 1 200.00 1 200.00 1~200.00 1~200.00 1.200.00 1 200.00 2 500.00 2 500.00 2 500.00 2.500.00 2~500.00 2 500.00 2 500.00 2 500.00 7,787.50 9,187.50 197.26 9,306.67 20,000.00 -18- PA State Second Ser 4.50% due 10/1/03 04/03/00 10/02/00 04/02/01 lO/Ol/Ol 04/01/02 10/01/02 04/01/03 Pequea Valley PA Sch Dist 4.20~ due 4/1/08 10/01/99 04/03/00 10/02/00 04/02/01 lO/Ol/Ol 04/01/02 lO/Ol/O2 04/01/03 Provident Temp Fund 04/04/95 07/05/95 10/03/95 01/03/96 04/02/96 07/03/96 10/02/96 01/03/97 04/02/97 07/02/97 07/02/97 08/04/97 10/02/97 Red Lion 'PA Muni Auth 5% due 12/1/10 06/01/00 12/01/00 o6/ol/Ol 12/03/01 06/03/02 12/02/02 2.250.00 2 250.00 2250.00 2 250.00 2 250.00 2 250.00 2~250.00 968.33 1 050.00 1 050.00 1~050.00 1.050.00 1 050.00 1 050.00 1,050.00 8.97 5.15 2.48 3.70 3.66 7.28 7.41 8.60 7.64 9.44 0.05 0.05 9.30 1,666.67 1,250.00 1,250.00 1,250.00 1,250.00 1,250.00 15,750.00 8,318.33 73.73 -19- 06/02/03 South Fayette Twp PA Sch Dist 4.15% due 9/15/09 o3/15/oo o9/15/oo 03/15/01 Ordinary income on 09/17/01 03/15/02 09/16/02 03/17/03 09/15/03 Unionville-Chadds Ford PA Sch Dist 4.75% due 6/1/08 o6/ol/oo 12/01/00 06/01/01 12/03/01 06/03/02 12/02/02 06/02/03 Vision Institutional Prime Money Market o2/ol/Ol o2/ol/Ol o3/ol/Ol o3/ol/Ol o4/o3/ol 04/03/01 o5/ol/Ol o5/ol/Ol 06/01/01 06/01/01 07/02/01 07/02/01 08/01/01 o8/ol/Ol 09/04/01 09/04/01 10/02/01 lO/O2/Ol 11/Ol/Ol 1,250.00 disposition 1,037.50 1,037.50 933.75 933.75 830.00 830.00 726.25 726.25 1095.14 1 187.50 1 187.50 1 187.50 1 187.50 1 187.50 1.187.50 1.39 23.71 7.59 26.12 27.72 15.85 27.71 25.27 125.35 35.48 328.78 13.76 321.80 2.01 313.61 7.31 283.83 7.06 18.22 9,166.67 7,055.00 8,220.14 -20- 11/Ol/Ol 12/o3/ol 12/o3/ol Ol/O2/O2 Ol/O2/O2 o2/ol/o2 o2/ol/o2 o3/ol/o2 o3/ol/o2 o4/ol/o2 o4/ol/o2 o5/ol/o2 o5/ol/o2 06/03/02 06/03/02 o7/ol/o2 07/01/02 08/01/02 08/01/02 09/03/02 09/03/02 10/01/02 10/01/02 11/01/02 11/01/02 12/02/02 12/02/02 01/02/03 01/02/03 02/03/03 02/03/03 03/03/03 03/03/03 04/01/03 04/01/03 05/01/03 05/01/03 06/02/03 06/02/03 07/01/03 07/01/03 08/01/03 o8/ol/o3 09/02/03 09/02/03 264.77 202.70 17.17 176.54 5.90 162.78 0.68 197.41 2.80 4.92 275.28 9.49 261.26 12.03 268.24 4.64 465.68 1.55 694.26 2.33 679.28 2.95 650.21 8.12 668.85 8.58 557.95 2.76 500.56 0.60 475.47 0.81 417.09 1.96 439.93 4.93 415.23 5.60 392.48 2.03 357.90 0.31 316.37 0.25 155.84 10,709.06 -21- West Chester PA Area Sch Dist 5% due 9/1/lO o3/ol/oo o9/ol/oo o3/o~/ol o9/o4/ol 03/01/02 09/03/02 03/03/03 09/02/03 1 250.00 1 250.00 1 250.00 1 250.00 1,250.00 1~250.00 1 250.00 1 250.00 TOTAL INTEREST INCOME ..................... TOTAL RECEIPTS OF INCOME .................. 10,000.00 170,774.48 326,275.71 -22- SCHEDULE I DISBURSEMF2frS OF INCOME 03/30/98 02/26/99 03/23/99 07/30/99 08/24/99 09/17/99 09/17/99 09/17/99 10/04/99 10/05/99 10/12/99 Pennsylvania Department of Revenue Fiduciary income tax Tax Preparation Fee Manufacturers & Traders Trust Co. 5/9/96-2/26/99 Pennsylvania Department of Revenue - Fiduciary income tax Carlisle Boro PA 4.10% due 12/15/04 - Accrued interest Conemaugh Twp PA Area Sch Dist 4.35% due 9/1/02 - Accrued interest Pequea Valley PA Sch Dist 4.20% due 4/1/08 - Accrued interest South Fayette Twp PA Sch Dist 4.15% due 9/15/09 - Accrued interest West Chester PA Area Sch Dist 5% due 9/1/10 - Accrued interest Forest Hills PA Sch Dist 4.50% due 10/1/05 - Accrued interest Danville PA Area Sch Dist Set AA 4.70% due 5/15/06 - Accrued interest Red Lion PA Muni Auth 5% due 12/1/10 - Accrued interest 10.00 240.00 8.00 256.24 1,045.21 886.67 11.53 111.11 18.74 913.89 76.39 -23- 10/14/99 10/26/99 11/01/99 12/16/99 12/16/99 01/12/00 02/02/00 03/27/00 09/15/03 Chambersburg PA Area Sch Dist 4.5% due 4/1/06 Accrued interest Northampton PA Area Sch Dist 4.80% due 9/1/09 - Accrued interest PA State Second Ser 4.50% due 10/1/03 - Accrued interest Middletown PA Area Sch Dist Ser A 4.90% due 3/15/07 Accrued interest Unionville-Chadds Ford PA Sch Dist 4.75% due 6/1/08 - Accrued interest Carlisle Boro PA 4.8% due 8/1/03 Accrued interest PA State First Ser 5% due 3/1/07 - Accrued interest Pennsylvania Department of Revenue - Fiduciary income tax Market Value Fee - Manufacturers & Traders Trust Co. - 3/9/95-9/15/03 81.25 73.33 375.00 6.81 6.59 1,073.33 2,097.22 8.00 2,561.81 TOTAL DISBURSEMENTS OF INCOME .................. 9,861.12 -24- SCHEDULE J DISTRIBUTIONS OF INCOME TO BENEFICIARIES Joseph D. Brenner, Jr. 03/10/95 06/09/95 09/08/95 12/08/95 03/08/96 06/10/96 09/10/96 12/10/96 03/10/97 06/10/97 09/10/97 12/09/97 03/09/98 06/09/98 09/09/98 12/09/98 03/09/99 09/09/99 12/09/99 03/09/00 3oseph D. Brenner, Jr. Joseph D. Brenner Jr. Joseph D. Brenner Jr. Joseph D. Brenner, 3r. 3oseph D. Brenner, Jr. Joseph D. Brenner Jr. 3oseph D. Brenner Jr. Joseph D. Brenner, 3r. Joseph D. Brenner, 3r. Joseph D. Brenner, Jr. Joseph D. Brenner Jr. Joseph D. Brenner Jr. 3oseph D. Brenner, Jr. Joseph D. Brenner, Jr. Joseph D. Brenner Jr. Joseph D. Brenner Jr. Joseph D. Brenner 3r. Joseph D. Brenner, Jr. Joseph D. Brenner, 3r. 3oseph D. Brenner, 3r. 1,952.58 1,954.82 1,953.87 1,953.20 2,124.93 2,109.92 2,125.82 2 125.85 2 196.86 2,230.37 2,193.35 2.230.94 2 282.82 2,295.38 2,298.17 2,423.37 2,470.20 1,503.39 2,241.14 2 414.60 -25- 06/09/00 09/08/00 12/08/00 03/09/01 06/08/01 09/07/01 i2/iO/Oi 03/11/02 06/10/02 09/09/02 12/09/02 03/10/03 06/09/03 09/09/03 Joseph D. Brenner Jr. Joseph D. Brenner Jr. Joseph D. Brenner, Jr. Joseph D. Brenner Jr. Joseph D. Brenner Jr. Joseph D. Brenner Jr. Joseph D. Brenner, Jr. Distribution by ach-ckg 10-63995 Joseph D. Brenner, Jr. Distribution by ach-ckg 10-63995 Joseph D. Brenner, Jr. Distribution by ach-ckg 10-63995 Joseph D. Brenner, Jr. Distribution by ach-ckg 10-63995 Joseph D. Brenner, Jr. Distribution by ach-ckg 10-63995 Joseph D. Brenner, Jr. Distribution by ach-ckg 10-63995 Joseph D. Brenner, Jr. Joseph D. Brenner, Jr. Distribution by ach-ckg 10-63995 3 525.62 2,013.39 3,285.96 2,027.50 3.258.40 2 244.31 3,092.50 2,137.33 3,082.18 1,895.69 2,962.92 1,670.57 2,777.83 1,578.74 Katherine B. Menges 03/10/95 Katherine B. Menges 1,952.58 78,634.52 -26- 06/09/95 09/08/95 12/08/95 03/08/96 06/10/96 09/10/96 12/10/96 03/10/97 06/10/97 09/10/97 12/09/97 03/09/98 06/09/98 09/09/98 12/09/98 03/09/99 09/09/99 12/09/99 03/09/00 06/09/00 09/08/O0 12/o8/oo 03/09/01 06/08/01 Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges 1,954.82 1,953.87 1,953.20 2,124.93 2,109.92 2,125.82 2 125.85 2,196.86 2,230.37 2 193.35 2,230.94 2,282.82 2,295.38 2,298.17 2,423.37 2,470.20 1 503.39 2,241.14 2,414.60 3,525.62 2,013.39 3 285.96 2,027.50 3 258.40 -27- 09/07/01 12/10/01 03/11/02 06/10/02 09/09/02 12/09/02 03/10/03 06/09/03 09/09/03 Margaret B. Bushey 03/10/95 06/09/95 09/08/95 12/08/95 03/08/96 06/10/96 09/10/96 12/10/96 03/10/97 06/10/97 09/10/97 12/09/97 03/09/98 Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherzne B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Katherine B. Menges Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey 2,244.31 3,092.50 2,137.33 3,082.18 1,895.69 2,962.92 1,670.57 2,777.85 1,578.74 1,952.58 1,954.82 1,953.87 1,953.20 2,124.93 2,109.92 2 125.82 2 125.85 2,196.86 2,230.37 2,193.35 2 230.94 2,282.82 78,634.54 -28- 06/09/98 09/09/98 12/09/98 03/09/99 09/09/99 12/09/99 03/09/00 06/09/00 09/08/00 12/08/00 03/09/01 06/08/01 09/07/01 12/10/01 03/11/02 06/10/02 09/09/02 12/09/02 03/10/03 06/09/03 09/09/03 Nancy B. Blakely 03/10/95 Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Margaret B. Bushey Nancy B. Blakely 2,295.38 2,298.17 2 423.37 2,470.20 1,503.39 2 241.14 2,414.60 3,525.62 2 013.39 3,285.96 2,027.50 3 258.40 2,244.31 3,092.50 2,137.33 3,082.18 1,895.69 2,962.92 1 670.57 2,777.85 1,578.74 1,952.58 78,634.54 -29- 06/09/95 09/08/95 12/08/95 03/08/96 06/10/96 09/10/96 12/10/96 03/10/97 06/10/97 09/10/97 12/09/97 03/09/98 06/09/98 09/09/98 12/09/98 03/09/99 09/09/99 12/09/99 03/09/00 06/09/00 o9/o8/oo 12/08/00 03/09/01 06/08/01 Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely Nancy B. Blakely 1,954.83 1,953.86 1,953.20 2,124.91 2,109.90 2,125.82 2 125.86 2,196.86 2,230.37 2 193.33 2,230.95 2,282.84 2 295.39 2,298.18 2,423.40 2 470.23 1,503.39 2,241.16 2.414.62 3 525.64 2 013.42 3,285.99 2 027.51 3,258.43 -30- 09/07/01 12/lO/Ol 03/11/02 06/10/02 09/09/02 12/09/02 03/10/03 o6/o9/o3 09/09/03 Nancy B. Blakely Nancy B. Blakely - Distribution by ach-ckg 5-59911 Nancy B. Blakely ~ Distribution by ach-ckg 5-59911 Nancy B. Blakely Distribution by ach-ckg 5-59911 Nancy B. Blakely - Distribution by ach-ckg 5-59911 Nancy B. Biakely - Distribution by ach-ckg 5-59911 Nancy B. Blakely - Distribution by ach-ckg 5-59911 Nancy B. Blakely Nancy B. Blakely - Distribution by ach-ckg 5-59911 2,244.34 3,092.50 2,137.31 3,082.18 1,895.67 2,962.90 1,670.58 2,777.85 1,578.74 78,634.74 TOTAL DISTRIBUTIONS TO BENEFICIARIES ...... 314,538.34 -31- INCOME BALANCE ON HAND Units Description Vision Instit. Prime Money Market Current Value or as Noted Fiduciary Acquisition Value 1,876.25 1,876.25 1,876.25 1,876.25 -32- IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION JOSEPH D. & JANE W. BRENNER TRUST COMMONWEALTH OF PENNSYLVANIA · COUNTY OF CUMBERLAND David C. Gority, Vice President and Trust Officer, Manufacturers and Traders Trust Company being duly sworn, depose and says that the foregoing Account, both as to the items of charge and discharge, are just and true to the best of his knowledge and belief. MANU~R~AND TRADERS TRUST COMPANY Davi~ c. Godty, Vice ~and Trust Officer Sworn to and Subscribed before me this ~ day of October, 2003 -l/,Iot a ry PL~Iic MY~ Exl~ July 3, ~ IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION JOSEPH D. & JANE W. BRENNER TRUST SCHEDULE OF PROPOSED DISTRIBUTION Balance for distribution as per First and Final Account filed October 24, 2003 $ 1,227,722.58 Distribution Manufacturers and Traders Trust Company Joseph D. Brenner, Jr. and Margaret B. Bushey, Co-Trustees 100M PA State Second Ser 4.50% due 10/1/03 50M Lancaster County PA 4.45% due 11/1/05 50M Chambersburg PA Area School Dist. 4.5% due 4/1/06 100M PA State First Ser 5% due 3/1/07 50M Middletown PA Area Sch Dist SerA 4.90% due 3/15/07 50M Pequea Valley PA Sch Dist 4.20% due 4/1/08 50M Unionville-Chadds Ford PA Sch Dist 4.75% due 6/1/08 50M Northampton PA Area Sch Dist 4.80% due 9/1/09 30M South Fayette Twp PA Sch Dist 4.15% due 9/15/09 50M West Chester PA Area Sch Dist 5% due 9/1/10 50M Red Lion PA Muni Auth 5% due 12/1/10 MTB Prime Money Market-lnst-Fd #142 MTB Prime Money Market-lnst-Fd #142 Market Value September 19, 2003 $ 100,070.00 51,763.95 51 480.95 110 158.00 51 663.95 50 840.00 52 204.45 51 789.45 30 775.47 53 338.95 52 054.45 601,251.43 1 876.25 Account Value $ 99,641.00 50,000.00 49,860.50 99,583.00 49,845.50 47,748.50 49,875.00 49,803.00 28,238.40 50,000.00 50,000.00 601,251.43 1,876.25 $ 1,259,267.30 $ 1,227,722.58 STATEMENT OF THE REASONS FOR THE PROPOSED DISTRIBUTION The above distribution is proposed in accordance with the terms of the Trust Agreement of Joseph D. Brenner, and Jane W. Brenner, Article IX. Orrstown Bank to become successor trustee to Manufacturers and Traders Trust Company. Dad~~C. Gority, Vi(~re'~e. nt COMMONWEALTH OF PENNSYLVANIA - COUNTY OF CUMBERLAND · David C. Gority, Vice President, Manufacturers and Traders Trust Company, being duly sworn according to law, deposes and says that the facts set forth in the Statement of the Reasons for the Proposed Distribution are true and correct. Swo~,t~ and Subscribed before this ,.~'-/' day of October, 2003. Not~ry'P[J~lic 0 me Notarial Seal Kandy L Coy~, Notary Public Cadisle Boro. C~nd County My CommissK~n Expires July 3, 2006 Member, Pennsylvania Association Of No{ades