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Home My WebLink About10-24-03 (2)COURT OF COMMON PLEAS OF CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION JANE W BRENNER TRUST UWO "C" FIRST AND FINAL ACCOUNT OF Manufacturers and Traders Trust Co. and Joseph D. Brenner, Co-Trustee Date of Trust: July 26, 1991 Accounting for the Period: August 10, 1998 to September 25, 2003 Purpose of Account: Manufacturers and Traders Trust Co and Joseph D. Brenner, Co-Trustee, 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 1,571,846.58 (Princzpal Receipts + Income Recezpts) ............ suu,~¥ OF ~ccoum~ Trust uwo "C" Jane W. Brenner For Period of 08/10/1998 through 09/25/2003 Proposed Distributions to Beneficiaries PRINCIPAL Receipts: Per Inventory Filed 1 Subseq Prn Receipts Net Gain (or Loss) on Sales or Other Disposition 2 Page Less Disbursements: General Disbursements 3 Fees and Commissions 3 Balance before Distributions Distributions to Beneficiaries Principal Balance on Hand For Information: Investments Made 6 Changes in Investment Holdings 7 INCOME 4 5 Fiduciary Current Acquisition Value Value 0.00 0.00 1,482,187.50 21,725.23 (925,958.88) 577,953.85 38,872.17 1,834.25 40,706.42 537,247.43 132,536.25 404,711.18 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 8-12 13 14-15 16 67,933.85 0.00 67,933.85 8,323.16 59,610.69 59,300.45 310.24 405,021.42 SCHEDULE A RECEIPTS OF PRINCIPAL STOCKS/LISTED: 08/10/9831,000.0000 shares AMP Inc 1,482,187.50 F~duc~ary Acquisition Value 1,482,187.50 05/23/00 12/13/99 SUBSEQUENT PRINCIPAL RECEIPTS: Internal Revenue Service - 1999 income tax refund 60.00 Jane W. Brenner Estate - Final distribution 21,665.23 21,725.23 TOTAL RECEIPTS OF PRINCIPAL ............. 1,503,912.73 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 58.38 ~id. Acq. Value 48.40 08/08/00 780.0000 shares Tyco Int'l Ltd New Net Proceeds 41,601.86 Fid. Acq. Value 24,839.32 06/17/02 27,734.0000 shares Tyco Int'l Ltd New Net Proceeds 241,001.15 Fid. Acq. Value 883,196.92 06/17/02 13,866.0000 shares Tyco Int'l Ltd New Net Proceeds 141,030.98 Fid. Acq. Value 441,566.61 Gain Loss 9.98 16,762.54 TOTAL GAINS AND LOSSES/PRINCIPAL ........... LESS LOSS ............................ NET GAIN OR LOSS ........................ (925,958.88) 642,195.77 300,535.63 16,772.52 942,731.40 942,731.40 -2- SCHEDULE C DISBURSemENTS OF PRINCIPAL 03/23/99 04/08/99 o8/lo/oo 12/29/00 o4/o4/oi O4/li/Ol SCHEDULE C-1 GENERAL DISBURSEMENTS Internal Revenue Service - Fiduciary income tax Internal Revenue Service ~ Quarterly estimated fiduciary zncome tax Transfer Cash - From principal to income for distribution per Martson, Deardorf, Williams & Otto Pennsylvania Department of Revenue - Quarterly estimated fiduciary income tax Internal Revenue Service - Fiduciary income tax Pennsylvania Department of Revenue - Fiduciary income tax 24.00 60.00 35,150.17 56.00 3,118.00 464.00 TOTAL GENERAL DISBURSEMENTS ......................... 38,872.17 10/16/01 SCHEDULE C-2 FEES AND COMMISSIONS Market Value Fee - Manufacturers & Traders Trust Co. - 2/2/01-10/16/01 1,834.25 1,834.25 TOTAL DISBURSEMENTS OF PRINCIPAL ................... 40,706.42 -3- SCHEDULE D DISTRIBUTIONS OF PRINCIPAL TO BENEFICIARIES AMP Inc 10/14/98 11/12/98 1,855.0000 shares AMP Inc - Transfer to Joseph D & Jane W. Brenner TUA-addltlonal gift for 1998 88,692.19 917.0000 shares AMP Inc - Transfer to Joseph D. & Jane W Brenner TUA-additlonal 1998 gift 43,844.06 132 , 536.25 TOTAL DISTRIBUTIONS TO BENEFICIARIES ...... 132,536.25 -4- PRINCIPAL BALANCE ON HAND # Units Description Federated Treasury Obligations 1,954.2841 MTB PA Munlczpal Bond Fund Current Value or as Noted Fiduciary Acquisition Value 384,711.18 384,711.18 20,402 73 20,000.00 405,113.91 404,711 18 '5- SCHEDULE E INVESTMENTS MADE - PRINCIPAL ~ Units 1,930.5020 units V~sion PA Municipal Income Fund - units purchased Cost 20,000.00 -6- SCHEDULE F C~{ANGES IN INVESTMENT HOLDINGS - PRINCIPAL AMP Inc 08/10/98 10/14/98 11/12/98 04/06/99 31,000 0000 shares inventoried (1,855 0000)shares distributed (917.0000)shares distributed (28,228.0000)shares Stock merger with Tyco Int'l Ltd New 0.0000 Cost 1,482,187.50 (88,692.19) (43,844.06) (1,349,651 25) 0 00 MTB PA Municipal Bond Fund 08/15/03 1,954.2841 units Merger with Vision PA Muni. Income Fund 1,954. 2841 20,000 00 20,000 00 Tyco Int'l Ltd New 04/06/99 04/21/99 10/27/99 o8/o8/oo 06/27/02 06/17/02 21,190.0000 shares Stock merger with AMP, Inc. sold 21,190.0000 shares received in stock split (780.0000)shares sold (27,734 0000)shares sold (13,866.0000)shares sold 0 0000 1,349,651 25 (48 40) 0 00 (24,839 32) (883,196 92) (441,566 61) 0,00 Vision PA Municipal Income Fund 11/06/01 1,930 5020 units purchased 08/15/03 (1,930.5020)units Merger with MTB PA Muni Bond Fund 0.0000 20,000 00 (20,000 00) -7- SCHEDULE G RECEIPTS OF INCOME AMP Inc 12/01/98 o3/ol/99 29,145.0000 shares 28,228.0000 shares Tyco Int'l Ltd New 08/02/99 21,190.0000 shares 11/01/99 21,190.0000 shares 02/01/00 42,380.0000 shares 05/01/00 42,380.0000 shares 08/01/00 42,380.0000 shares 11/01/00 41,600.0000 shares ~ 02/02/01 41,600.0000 shares 05/02/01 41,600.0000 shares 08/01/01 41,600.0000 shares 11/01/01 41,600.0000 shares 02/01/02 41,600.0000 shares 05/01/02 41,600.0000 shares SCHEDULE G~i DIVIDENDS 7,869.15 7,621.56 15,490.71 529.75 529.75 529.75 529.75 529 75 520.00 520.00 520.00 520.00 520.00 520.00 520 00 TOTAL DIVIDEND INCOME .................... 6,288.75 21,779.46 Federated U.S. Treas. Ob. Ol/O3/OO Ol/O3/OO 01/02/03 01/02/03 02/03/03 02/03/03 03/03/03 03/03/03 04/01/03 SCHEDULE G- 2 INTEREST 53.63 63.57 0.62 398.59 0.90 388.84 1.08 356.84 0.34 -8- 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 Federated Treasury Obligations 03/01/99 04/01/99 05/03/99 06/01/99 06/01/99 08/02/99 09/01/99 10/01/99 11/01/99 12/01/99 o2/ol/oo 02/01/00 o3/ol/oo o3/ol/oo 04/03/00 04/03/00 05/01/00 05/01/O0 o6/ol/oo 06/01/00 07/03/00 07/03/00 o8/ol/oo o8/ol/oo o9/ol/oo o9/ol/oo lO/O2/OO 10/02/00 11/Ol/OO 11/Ol/OO 12/Ol/OO 12/01/00 01/02/01 01/02/01 375.90 0.88 354.18 358.99 0.89 0.30 328.40 0.61 290.76 0.69 283.50 5.30 56.55 55.75 53.45 56.44 57.17 59.56 58.96 61.02 62 44 94.60 64.44 93.21 65 28 101.90 70.91 101,70 71.42 107.62 79.00 110.57 82 03 115.14 86.33 160.44 87.73 145.85 11.90 150 43 2.11 147.06 4 12 150.41 1.03 3,259.51 -9- o2/ol/Ol 02/01/01 03/01/01 o3/ol/Ol o4/o3/ol 04/03/01 o5/ol/Ol o5/ol/ol o6/ol/Ol 06/01/01 07/02/01 07/02/01 o8/ol/ol o8/ol/Ol 09/04/01 o9/o4/ol 10/02/01 10/02/01 11/01/01 li/Ol/Oi i2/03/0i i2/03/0i 01/02/02 01/02/02 02/01/02 02/01/02 03/01/02 03/01/02 04/0i/02 05/01/02 05/01/02 06/03/02 06/03/02 07/01/02 07/01/02 08/01/02 o8/oi/o2 09/03/02 09/03/02 iO/Oi/02 lO/Oi/02 ii/Oi/02 ii/O1/02 12/02/02 12/02/02 140.12 1.46 115.51 3.67 121.96 0.65 94 84 0 88 80,20 2.76 0.51 73.59 72.40 0.47 2.18 69.50 57.76 0.44 47,92 0.30 11.32 1.21 4,36 0.06 4.16 0 29 3.79 0,67 4.06 3.94 0.30 0.72 4.08 0 02 269.39 567.78 0,62 1.04 554.80 0.88 511.45 1.54 526.33 1.59 412.99 6,406.38 -10- KeyPremier Prime Money Market 01/04/99 01/04/99 MTB PA Municipal Bond Fund 09/04/03 24.33 28.57 52.90 26.05 Provident Temp Fund o2/ol/99 03/01/99 Vision PA Municipal Income Fund 12/04/01 01/02/02 02/04/02 03/01/02 04/01/02 05/01/02 06/03/02 07/01/02 o8/ol/o2 09/03/02 10/01/02 11/15/o2 12/02/02 01/02/03 02/03/03 03/03/03 04/01/03 05/01/03 96/02/03 07/02/03 o8/ol/o3 o8/15/o3 4.97 21.25 26.22 57.08 68 08 62.62 62.76 60.36 60.69 56.66 56.63 56.16 56.02 55.93 56.08 55.28 54.16 54.32 56.99 55.70 55.97 54.83 55.02 53.01 28 81 TOT~ I~EST INCO~ ..................... 1,233.16 11,004.22 -11- Transfer Cash 08/3.0/00 SC~IEDULE G-3 OTHER INCOME From principal to income for distribution per Martson, Deardorf, Williams & Otto 35,150.17 TOTAL OTHER INCOME ........................ TOTAL RECEIPTS OF INCOME ................. 35,150.17 67,933.85 -12- SCHEDULE I DISBURSEMENTS OF INCOME 03/23/99 03/13/00 0s/15/03 Pennsylvania Department of Revenue - Fiduciary income tax Pennsylvania Department of Revenue - Fiduciary income tax Market Value Fee - Manufacturers & Traders Trust Co. - 11/13/98-8/15/03 14.00 55.00 8,254.16 TOTAL DISBURSEMENTS OF INCOME ................. 8,323.16 -13- SCI{EDULE J DISTRIBUTIONS OF INCOME TO BENEFICIARIES Joseph D. Brenner 08/10/00 06/02/03 Joseph D. Brenner - Distribution of estate income to acct. 12-08233 Joseph D. Brenner - Distribution of estate income to acct. 12-08233 Keystone Financial Bank, N.A. 09/01/00 Keystone Financial Bank, N.A. 35,150.17 757.88 35,908.05 16,027.98 M&T Bank 12/01/00 M&T Bank 03/01/01 M&T Bank 06/01/01 M&T Bank 09/04/01 M&T Bank 12/03/01 M&T Bank 03/01/02 M&T Bank 06/03/02 M&T Bank 09/03/02 M&T Bank 12/02/02 M&T Bank 03/03/03 M&T Bank 578.46 964.20 857.51 749.93 453.53 229.18 216.57 512.06 1,264.07 867.29 -14~ 09/02/03 M&T Bank 671.62 7,364.42 TOTAL DISTRIBUTIONS TO BENEFICIARIES ...... 59,300.45 -15- INCOME BALANCE ON HAND Units Description Federated Treasury Obligations Current Value or as Noted F~duciary Acquisition Value 310.24 310.24 310.24 310.24 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION JANE W BRENNER CO-TUW C COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND Dawd C Gonty, V~ce President and Trust Officer, Manufacturers and Traders Trust Company being duly sworn, depose and says that the foregoing Account, both as to the ~tems of charge and drscharge, are just and true to the best of h~s knowledge and behef Davld~Vloe~ent and Trust Officer Sworn to 'and Subscribed before me th~s~ day of October, 2003 ~loia~ Pu~fc Nom~al Sea] Kaldy L Coy~, No~a~/Pubhc Bom, Cumbedand County My ~ F..xptres Ju~y 3, 2006 IN THE COURT OF COMMON PLEAS OF CUMBERLAND COUNTY PENNSYLVANIA ORPHANS' COURT DIVISION JANE W BRENNER CO-TUW C SCHEDULE OF PROPOSED DISTRIBUTION Balance for distribution as per First and Final Account filed October 24, 2003 D~stnbution Manufacturers and Traders Trust Company and Joseph D.Brenner, Sr Co-Trustees Market Value September 19, 2003 Federated Treasury Obhgahons 1,954 2841 MTB PA Mumc~pal Bond Fund #474 Federated Treasury Obhgahons $ 405,021 42 Account Value $ 384,711 18 $ 384,711 18 20,402 73 20,000 00 310 24 310 24 $ 405,424 15 $ 405,021 42 STATEMENT OF THE REASONS FOR THE PROPOSED DISTRIBUTION The above d~stnbubon ~s proposed m accordance w~th the terms of the Last Wdl and Testament of Jane W Brenner, Arhcle XII Orrstown Bank to b.,~ome successor trustee to Manufacturers and Traders Trust Company ~/_./_.~ ~ Da~,d C Gor,ty, ~ P~s,dent COMMONWEALTH OF PENNSYLVANIA COUNTY OF CUMBERLAND David C Gonty. V~ce President. Manufacturers and Traders Trust Company, being duly sworn according to law, deposes and says that the facts set fodh m the Statement of the Reasons for the Proposed Distribution are true and correct )~.4~/g.~ D~(vld C Gonty, ~ce P~sldent Swor~.t,o and Subscribed before me th~s ~ day of October, 2003 - ' N(~ary Pubhc ~/ Member, Pennsytvama/~ciaton Of Noianes