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HomeMy WebLinkAbout03-26-15 TRUST COURT OF COMMON PLEAS OF Cumberland --COUNTY.. PENNSYLVANIA ORPHAW COURT DIVISION NAME OF TRUST (TRUST UNDER WILL OF TRUST"ttNt�fftt+E-ff) OF Mechanicsburg QemPt x_y��tion Perpetual Care Fund as Qualified Trustee pursuant to ,Statute PETITION FOR ADJUDICATION STATEMENT OF PROPOSED DISTRIBUTION .7u PURSUANT TO Pa. O.C. Rule 6.9 Z, cr) oil eases involving the A i-mlit cif Trust A ccolintS. oce is insil This .16rm terry be itseci inIcient, co riders may be attached. _TJ INCLUDE ATTACHMENTS AT THE BACK OF THIS FORM. Name Of COLHISCI: Richard C. Snelbaker, EsqUire Supreme Court I.D. No.: 6355 Name of Law Firm: Snelbaker & Brenneinan, P.C. Address: 44 West Main Street, Mechanicsburg, PA 17055 Telephone: 717-697-5528 — Fax: 717-697-7681 FurjnOC-02 rev M13,06 Pape I of 10 Name of Trust: Mechanicsburg Cemetery Association Perpetual Care Fund I. Name(s) and address(es) of Petitioner(s): Petitioner: Petitioner: Name: Mechanicsburg Cemetery Charles B. Humes, President Association Address: 137 West Marble Street Mechanicsburg, PA 17055 2. Check if any of the following issues are involved in this case: A. Appointment of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 B. Interpretation . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 C. Discharge of Trustee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..0 D. Transfer of Situs . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 E. Appointment of Ad Litem . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . F. Minor, Unborn or Unascertained Benef ciary(ies) . . . . . . . . . . . . . . . . . . . . . . El G. Principal Distribution . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . El H. Partial/Full Termination of Trust . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . E I. Missing Beneficiary(ies) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 0 J. Cy Pres . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . K. Williamson Issue* . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . L. Otherlssues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . M List: Please note: A detailed explanation of issues checked should be set forth at item 13 below. See Williamson Estate,368 Pa.343,82 A.2d 49(1951),if Trustee was also Executor of the settlor/decedent's estate and received commissions in such capacity. Form OC-02 rev 10.13.06 Page 2 of 10 Name of Trust: Mechanicsburg Cemetery Association Perpetual Care Fund 3. Testamentary Trust: Decedent's date of death: N/A Date of Decedent's Will: Date(s)of Codicil(s): Date of probate: or Inter Vivos Trust: Date of Trust: N/A Date(s) of Amendment(s): 4. A. If any other Court has taken jurisdiction of any matter relating to this Trust, explain: B. Identify all prior accountings and provide dates of adjudication. 5. A. State how each Trustee was appointed: Mechanicsburg Cemetery Association is the qualified Trustee of its perpetual care fund pursuant to 9 Pa. C.S.A. section 309 B. If a Petitioner is not a Trustee, explain: ro,-,,,oC-02 rer 10.13.06 Page 3 of 10 Name of Trust: Mechanicsburg Cemetery Association Perpetual Care Fund 6. State how and when the present fund was awarded to Trustee(s): Perpetual Care Fund is mandated by law Section 9 Pa. C.S.A. section 309 7. Period covered by accounting: January 1, 2013 to December 31, 2014 8. Current fair market value of the Trust principal is $ 283,477.78 (See page 1 of Account.) 9. State concisely the dispositive provisions of the Trust: Use and disposition of perpetual care fund is governed exclusively by law. See Chapter 3 of Title 9 of Pennsylvania Consolidated Statutes(9 Pa. C.S.A section 301 et seq.) 10. Explain the reason for filing this Account (if filed because of the death of a party, state name of person, relationship to Trust and date of death): As required by law - see 9 Pa. C.S.A. section 308 FormOC-02 i-e,,10.13.06 Page 4 of 10 Name of Trust:Mechanicsburg Cemetery Association Perpetual Care Fund 11. State why a Petition for Guardian/Trustee Ad Litem has or has not been filed for this Audit(see Pa. O.C. Rule 12.4): No need for guardian or trustee ad litem 12. A. State the amount of Pennsylvania Transfer Inheritance Tax and Pennsylvania.Estate Tax paid (including postponed tax on remainder interests), the dates of payment and the interests upon which such amounts were paid: Date Payment Interest N/A B. If any such taxes remain unpaid or are in dispute, explain: N/A 13. Describe any questions requiring Adjudication and state the position of Petitioner(s) and give details of any issues identified in item 2: No issues to be adjudicated Form OC-02 rev 10.13.06 Page 5 of 10 Name of Trust:Mechanicsburg Cemetery Association Perpetual Care Fund 14. Written notice of the Audit as required by Pa. O.C. Rules 6.3, 6.7 and 6.8 has been or will be given to all parties in interest listed in item 15 below. In addition, notice of any questions requiring Adjudication as discussed in item 13 above has been or will be given to all persons affected thereby. A. If Notice has been given, attach a copy of the Notice as well as a list of the names and addresses of the parties receiving such notice. B. If Notice is yet to be given, a copy of the Notice as well as a list of the names and addresses of the parties receiving such Notice shall be submitted at the Audit together with a statement executed by Petitioner(s) or counsel certifying that such Notice has been given. C. If any such party in interest is not sui juris (e.g., minors or incapacitated persons), Notice of the Audit has been or will be given to the appropriate representative on such party's behalf as required by Pa. O.C. Rule 5.2. D. If any charitable interest is involved, Notice of the Audit has been or will also be given to the Attorney General as required under Pa. O.C. Rule 5.5. In addition, the Attorney General's clearance certificate (or proof of service of Notice and a copy of such Notice) must be submitted herewith or at the Audit. 15. List all parties of whom Petitioner(s) has/have notice or knowledge, having or claiming any interest in the Trust, whether such interest is vested or contingent, charitable or non-charitable. This list shall: A. State each party's relationship to the Settlor/Decedent and the nature of each party's interest(s); Name and Address of Each Party in Interest I Relationship and Comments,if any I Interest Pennsylvania State Real Estate Copy of Account is See 9 Pa. C.S.A. Commission being filed with the section 308 P.O. Box 2649 Commission as Harrisburg, PA 17105-2649 required by law Form OC-02 rev 10.13.06 Page 6 of 10 Name of Trust: Mechanicsburg Cemetery Association Perpetual Care Fund Name and Address of Each Party in Interest I Relationship and Comments,if any I Interest B. Identify each party who is not sui juris (e.g., minors or incapacitated persons). For each such party, give date of birth, the name of each Guardian and how each Guardian was appointed. If no Guardian has been appointed, identify the next of kin of such party, giving the name, address and relationship of each; and No minors or incapacitated parties C. If distribution is to be made to the personal representative of a deceased party, state date of death, date and place of grant of Letters and type of Letters granted. No distribution to be made 16. If Petitioner(s) has/have knowledge that a Trust share has been assigned or attached, provide a copy of the assignment or attachment, together with any relevant supporting documentation. None 17. If a trustee's principal commission is claimedNone— Petitioner as qualified trustee does not take nor claim a commission A. If based on a written agreement, attach a copy thereof. Form oC-0z rev 10.13.06 Page 7 of 10 Narneo[Trust:Mechanicsburg Cemetery Association Perpetual Care Fund B. If phncipuicnrnmissknn is claimed, state amount. ` Petitioner pays fee to(}rzokowoBank(as reported in for management services. C. |fnprincipal commission iso|aimcd, state the mnouo1 and dates ofany principal commissions previously paid in prioracCouodng periods. AnionDate Paid 18. |fareserve is requested, state amount and purpose. 00 Purpose: |fureserve isrequested for counsel fees, has notice ofthe an)ountnffees tohcpaid from, the reserve been given tothe parties ininterest? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . El Yes El No |[so, attach ucopy nfthe notice. 19. |athe Court being asked todirect the filing nfoSchedule ofDistribuhon? . . . . . . . . . . . . . . . . . . . . . . . . . . El Yes 0 N a"" oc-02 "~/0./3./* Page 8of !O Name of Trust: Mechanicsburg Cemetery Association Perpetual Care Fund Wherefore, your Petitioner(s) ask(s) that distribution be awarded to the parties entitled and suggest(s) that the distributive shares of income and principal (residuary shares being stated in proportions, not amounts) are as follows: A. Income: Proposed Distributee(s) Amount/Proportion None B. Principal: Proposed Distributee(s) Amount/Proportion None Submitted By: (All petitioners must sign. Add additional lines if necessary): Name of etitioner: Mechanicsb g hketeryAssociation ff— OF N4ffla- 421-44+m0f-: Charles B. Humes, President Form OC-02 rev i0.I3.06 Page 9 of 10 Name of Trust: Mechanicsburg Cemetery Association Perpetual Care Fund Verification of Petitioner (Verification must be by at least one petitioner.) The undersigned hereby verifies x [that he/she he is fide President of the above-named name ofcorporalion Mechanicsbug Cemetery Association and] that the facts set forth in the foregoing Petition for Adjudication / Statement of Proposed Distribution which are within the personal knowledge of the Petitioner are true, and as to facts based on the information of others, the Petitioner, after diligent inquiry, believes them to be true; and that any false statements herein are made subject to the penalties of 18 Pa. C.S. § 4904 (relating to unsworn falsification to authorities). fC NICSBURG C TER N B Signature of PetitionerCharles B. Humes, President *Corporate petitioners must complete bracketed information. Certification of Counsel The undersigned counsel hereby certifies that the foregoing Petition for Adjudication / Statement of Proposed Distribution is a true and accurate reproduction of the form Petition authorized by the Supreme Court, and that no changes to the form have been made beyond the responses herein. Signature of Counsel for Petitioner Richard C. Snelbaker Form OC-02 rev 10.13.06 Page 10 of 10 SNELBAKER 8 BRENNEMAN, P.C. A PROFESSIONAL CORPORATION ATTORNEYS AT LAW 44 WEST MAIN STREET MECHANICSBURG, PENNSYLVANIA 17055 KEITH O.BRENNEMAN P. O.BOX 318 RICHARD C.SNELBAKER-OF COUNSEL 717-697-8528 FACSIMILE(717)697-7681 March 26, 2015 Certified Mail No. 7010 1670 0001 0650 3654 Commonwealth of Pennsylvania Department of State Bureau of Professional and Occupational Affairs State Real Estate Commission P.O. Box 2649 Harrisburg, PA 17105-2649 Re: Mechanicsburg Cemetery Association Docket No. 21-09-0090 Gentlemen: On behalf of the above referenced cemetery company, we submit herewith true copies of the Association's Fourth and Partial Account and Petition for Adjudication as filed this date in the Office of the Clerk of Orphans' Court division of the Court of Common Pleas of Cumberland County, Pennsylvania. This account is scheduled for confirmation by the Court on April 28, 2015 at 9:30 o'clock A.M., prevailing time at the Cumberland County Court House, I Courthouse Square, Carlisle, PA 17013. Confirmation will occur unless written objections are filed prior thereto. You have the right to file written objections to said Account prior to confirmation as scheduled above. If you have any questions, please contact the undersigned. .,,V ry truly yours, Richard C. Snelbaker RCS:sks Enclosures Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. l�l_09 _009 C) MECHANICSBURG CEMETERY ASSOCIATION PERPETUAL CARE FUND Fourth and Partial Account MECHANICSBURG CEMETERY ASSOCIATION, QUALIFIED TRUSTEE, OF PERPETUAL CARE FUND Accounting for the period: 01/0112013 to 12/31/2014 Purpose of Account: MECHANICSBURG CEMETERY ASSOCIATION,QUALIFIED TRUSTEE,OF PERPETUAL CARE FUND, offers this Account to acquaint interested parties with the transactions that have occurred during the Administration, of the Perpetual Care Fund of said Association. It is important,that the Account be carefully examined. Requests for additional information or questions or objections can be discussed with: RICHARD C. SNELBAKER SNELBAKER& BRENNEMAN, P.C. hr C". 44 WEST MAIN STREET MECHANICSBURG, PA 17055 717-697-8528 - CY) f 41 r r-- SUMMARY OF ACCOUNT MECHANICSBURG CEMETERY ASSOCIATION PERPETUAL CARE FUND For the period of January, 1,2013 through Decembe[31 2014 PAGES PRINCIPAL Receipts: Per Prior Account 267,669.94 This Account 1 18,414.66 Net Gain (or Loss)on Sales or Other Dispositions 2-3 0.00 286,084.60 Less Disbursements: General Disbursements OAD Fees 4 2,277.31 2,277.31 Balance Before Distributions 283,807.29 Transfer to(from) Principal 0.00 Distributions to Beneficiaries 5 0.00 Principal Balance on Hand 6 283,807.29 For Information: Investments Made 7 Changes in Holdings 8-9 INCOME Receipts Per Prior Account This:Account 10-1.2 10,312.85 Net Gain (or Loss)on Sales 0.00 or Other Dispositions 10,312.85 Less Disbursements 13 1,276.63 Balance Before Distributions 9,036.22 Transfer to(from)Income 0,00 Distributions to Beneficiaries 14 9,365.73 Income Balance on Hand 15 -329.51 For Information: Investments Made Changes in Holdings COMBINED BALANCE ON HAND 16 283,477.78 Signature 17 Verification 18 SCHEDULE A RECEIPTS OF PRINCIPAL Fiduciary Acquisition Value Gash 03/28/2013 CONTRIBUTION RECEIVED 480.00 04/30/2013 CONTRIBUTION RECEIVED 6,918.07 04/30/2013 CONTRIBUTION RECEIVED 480.00 06/0312013 CONTRIBUTION RECEIVED 800.00 06/2712013 CONTRIBUTION RECEIVED 490.00 0813012013 CONTRIBUTION RECEIVED 500.00 1010712013 CONTRIBUTION RECEIVED 320.00 1110112013 CONTRIBUTION RECEIVED 320.00 11/2712013 CONTRIBUTION RECEIVED 800.00 12/3012013 CONTRIBUTION.RECEIVED 480.00 01/30/2014 CONTRIBUTION RECEIVED 1,066.59 02/27/2014 CONTRIBUTION RECEIVED 160.00 04/0112014 CONTRIBUTION RECEIVED 160.00 05/01/2014 CONTRIBUTION RECEIVED 2,720.00 0513012014 CONTRIBUTION RECEIVED 640.00 0613012014 CONTRIBUTION RECEIVED 160.00 08/01/2014 CONTRIBUTION RECEIVED 640.00 0812912014 CONTRIBUTION RECEIVED 480.00 10/0312014 CONTRIBUTION RECEIVED 640.00 10131/2014 CONTRIBUTION RECEIVED. 160.00 Total Cash 18.414.66 Total Receipts 18,414.66 Total Receipts of Principal 18,414.66 SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS - PRINCIPAL Sz�.i.la Lass 01/22/2013 Sale JP MORGAN CHASE 4.4%7/22/2020 AMORTIZATION TO 1122/2013 Net Proceeds 15.44 Fiduciary Acquisition Value -15.44 0.00 05/02/2013 Sale MORGAN STANLEY 3.45%11/0212015- AMORTIZATION TO 5/2/201.3 Net Proceeds 14.04 Fiduciary Acquisition Value -14.04 0.00 07/22/2013 Sale JP MORGAN CHASE 4.4%7/22/2020-AMORTIZATION TO 7/22/2013 Net Proceeds 15,82 Fiduciary Acquisition Value -15,82 0.00 11/0412013 Sale MORGAN STANLEY 3.46%1110212015- AMORTIZATION TO 11/2/2013 Net.Proceeds 14.32 Fiduciary Acquisition Value .14M 0.00 12/02/2013 Sale .AMERICAN EXPRESS CD 1,15%12/0212013 20,000.00000 Net Proceeds 20,000.00 Fiduciary Acquisition Value -20,000.00 0.00 01/22/2014 Sale JP MORGAN CHASE 4.4%7/22/2020-AMORTIZATION TO 1/2212014 Net Proceeds 16.20 Fiduciary Acquisition Value -16.20 0.00 - 2 - SCHEDULE B GAINS AND LOSSES ON SALES OR OTHER DISPOSITIONS - PRINCIPAL Continued gain Lm 05/02/2014 Sale MORGAN STANLEY 3.45%11/0212015- AMORTIZATION TO 512114 Net Proceeds 14.59 Fiduciary Acquisition Value -14,59 0.00 07/22/2014 Sale JP MORGAN CHASE 4.4%7122/2020-AMORTIZATION TO 7/22/2014 Net Proceeds 16.58 Fiduciary Acquisition Value -16,58 0.00 10/03/2014 Sale DISCOVER BANK CD.75%101312014 50,000.00000 Net Proceeds 50,000.00 Fiduciary Acquisition Value -50,000.00 0.00 11/03/2014 Sale MORGAN STANLEY 3.45%11/0212015- AMORTIZATION TO.11102114 Net Proceeds 14.89 Fiduciary Acquisition Value -14,89 0.00 TOTAL GAINS AND LOSSES/PRINCIPAL 0.00 LESS LOSS NET GAIN OR LOSS 0100 -3 - SCHEDULE C DISBURSEMENTS OF PRINCIPAL Fees 02/04/2013 REGISTER OF WILLS,CUMBERLAND COUNTY- 230.00 FILING THIRD AND PARTIAL ACCOUNTING 0210612013 REGISTER OF WILLS,CUMBERLAND COUNTY- 85.00 ADDITIONAL FILING FEES 1110612013 TRUST DEPARTMENT-2013 PRINCIPAL FEES 800.69 12/05/2014 TRUST DEPARTMENT -2014 PRINCIPAL FEES 1,161.62 Total Fees 2,277.31 TOTAL DISBURSEMENTS OF PRINCIPAL 2,277.31 -4 - PRINCIPAL BALANCE ON HAND Current Value Fiduciary 12/31/2014 Acquisition #Units Description or as Noted Value Czsh ©RRSTOWN BANK TRUST DEPT 86,346.18 86,346.18 Total Cash 86,346.18 86,346.18 Aqqtst 25,000.00000 ALLY BK MIDVALE UTAH CD 0.550%4129116 25,000.00 25,000.00 50,000.00000 GE MONEY BK CD 1.95%9/24/2015 51,329.50 49,975.35 50,000.00000 GOLDMAN SACHS BANK CD 1.7%1211212019 49,379.00 49,984.38 25,000.00000 JP MORGAN CHASE 4.4%7/2212020 28,221.00 25,233.31 50,000.00000 MORGAN STANLEY 3.45%1110212015 52,095.50 50,030.94 Total Assets 206,025.00 200,223.98 292,371.18 286,570.16 - 6 - SCHEDULE E PRINCIPAL INVESTMENTS MADE s 99.9 06/12/2013 GOLDMAN SACHS BANK CD 1.7%1211212019 1.40 1211212013 GOLDMAN SACHS BANK CD 1.7%1211212019 1.47 0611212014 GOLDMAN SACHS BANK CD 1.7%12/1212019 1.48 12/12/2014 GOLDMAN SACHS BANK CD 1.7%12112/2019 1.49 0312612013 GE MONEY BK CD 1.95%9124/201.5 11.79 09/24/2013 GE MONEY BK CD 1.95%9/24/2015 11.91 03124/2014 GE MONEY BK CD 1.95%9/2412015 12.03 04/30/2014 25,000.00000 ALLY BK MIDVALE UTAH CD 0.550%4/29/16 25,000.00 09/24/2014 GE MONEY BK CD 1.95%9124/2015 12.15 Total 25,053.72 - 7 - SCHEDULE F CHANGES IN PRINCIPAL HOLDINGS #Units gag ALLY BK MID-VALE UTAH CD 0,660%4129/16 04/3012014 25000.00000 Purchased 25,000.00 25.000.00000 Ending balance as of 1213112014. 26,000.00 AMERICAN EXPRESS CD 1,15% 12/02/2013 20,000.00000 Starting balance as of 111!2013 20,000.00 12/02/2013 -20,000.00000 Sale -20,000.00 0.00000 Ending balance as of 12/31/2014 0.00 DISCOVER BANK CD .75%10/312014 50,000.00000 Starting balance as of 111/2013 50,000.00 10103/2014 -50,000.00000 Sale -50,000.00 0.00000 Ending balance as of 12/31/2014 0.00 GE MONEY BK CD 1,95%912412016 50,000.00000 Starting balance as of 1/112013 49,927.47 03/25/2013 Purchased 11.79 09/24/2013 Purchased 11.91 03/24/2014 Purchased 12.03 09/2412014 Purchased 12.15 50.000.00000 Ending balance as of 12/31/2014 49,975.35 GOLDMAN SACHS BANK CD 1.7% 12/1212019 50,000.00000 Starting balance as of 1/1/2013 49,978.54 06/1212013 Purchased 1.40 12/12/2013 Purchased 1.47 06112/2014 Purchased 1.48 1211212014 Purchased 1.49 50,000.00000 Ending balance as of 12131/2014 49,984.38 JP MORGAN CHASE 4:4%7/22/2020 25,000.00000 Starting balance as of 1/1/2013 25,297.35 SCHEDULE CHANGES IN PRINCIPAL HOLDINGS Continued #Unitst 01/22/2013 Sale -15.44 07/2212013 Sale -15.82 01/22/2014 Sale -16.20 07/22/2014 Sale 46.58 25,000.00000 Endinq balance as of 12/3112014 25,233.31 MORGAN STANLEY 3.45% 11/02/2015 50,000.00000 Starting balance as of 111/2013 50,088.78 0510212013 Sale -14.04 11/04/2013 Sale 14.32 05/02/2014 Sale -14.59 11103/2014 Sale -14.89 50,000.00000. Endinq balance as of 12/31/2014 50,030.94 Total 200,223.88 9 - SCHEDULE G RECEIPTS OF INCOME Divideod FEDERATED MONEY MARKET FUNt3 12102/2013 2013 TOTAL INCOME 19.12 12!0112014 2014 TOTAL INCOME 12.34 31.46 TOTAL DIVIDEND INCOME 31.46 I,n eMst/Bank ALLY BK MIML9 UTAH CD Q.650%4!29116 10/30/2014 2014 TOTAL INCOME 68.94 68.94 AMERICAN EXPRESS CD 1,16% 121,0212Q13 12/0212013 2013 TOTAL INCOME 230.63 230.63 DISCOVER BANS(CD.76%101312014 1010312013 2013 TOTAL INCOME 375.00 10/0312014 2014 TOTAL INCOME 375.00 750.00 GE MONEY BK CD 1,95%912412015 09/24/2013 2013 TOTAL INCOME 998.70 10/03/2014 2014 TOTAL INCOME 999.18 1,997.88 GOLDMAN SA!QH35 BANK CD 1.7% 121121201$ 12!12!2013 2013 TOTAL INCOME 852.96 - 10 SCHEDULE G RECEIPTS OF INCOME Continued 12/1212014 2014 TOTAL INCOME 862.86 1,706.82 TOTAL BANK INTEREST 4,763.27 Ingres (Bond JP MORGAN reHA 4.4%7/2212020 0712212013 2013 TOTAL INCOME 1,068.74 07/2212014 2014 TOTAL INCOME 1,067.22 2,135.96 MORrgAN STANLEY 3.45%1110212015 11/0412013 .2013 TOTAL INCOME 1,696.64 1110312014 2014 TOTAL INCOME 1,695.62 3.392.16 TOTAL BOND INTEREST 5.528.12 TOTAL RECEIPTS OF INCOME 10,312.85. SCHEDULEI DISBURSEMENTS - INCOME Expense / INCOME TRUST DEPARTMENT 12/05/2013 2013 INCOME FEES 500.70 07/09/2014 2014 INCOME FEES 475.93 1,276.63 TOTAL DISBURSEMENTS OF INCOME 1,276.63 - 13 - SCHEDULEJ DISTRIBUTIONS - INCOME 12/02/2013 MECHANICSBURG CEMETERY ASSOC GENERAL- 4,380.89 2013 INCOME TRANSFERRED 12/01/2014 MECHANICSBURG CEMETERY ASSOC GENERAL 4,978.84 2014 INCOME TRANSFERRED 9,365.73 TOTAL DISTRIBUTIONS TO BENEFICIARIES 9,365.73 INCOME BALANCE ON HAND Current Value Fiduciary 12131/2014 Acquisition #Units Description or as Noted Value Cash ORRSTOWN BANK TRUST DEPT -3,092.38 -3,092.38 Total Cash -3.092.38 -3,092.38 -3,092.38 -3,092.38 COMBINED BALANCE ON HAND Current Value Fiduciary 12131/2014 Acquisition #Units Description or as Noted Value CASK ORRSTOWN BANK TRUST DEPT 83.253.80 83,263.80 Total Cash 83.263.80 83,263.80 A-mg 26,000.00000 ALLY BK MIDVALE UTAH CD 0.560%4129/16 25.000.00 25,000.00 50,000.00000 GE MONEY BK,CD 1.95%9/2412016 51,329.50 49,976.35 50,000.00000 GOLDMAN SACHS BANK CD 1.7%1211212019 49,379.00 49.984.38 26,000.00000 JP MORGAN CHASE 4.4%7122/2020 28,221.00 26,233.31 50,000.00000 MORGAN STANLEY 3.45%11/02/2016 62,096.50 50,030.94 Total Assets 206,026.00 200,223.98 289278.80 283,477.78 VERIFICATION SUSAN RUSSELL, Vice President and Manager of Fiduciary Services of Orrstown Bank, a Pennsylvania banking company, hereby verifies that said Bank serves as investment manager of the Perpetual Care Fund of Mechanicsburg Cemetery Association, and further verifies that said Bank has caused the funds delivered to it by the Association to be duly invested as set forth in the foregoing Accounting, and, further that said Bank's management of said funds is set forth in detail in said Accounting, and, that the facts of said Accounting within her personal knowledge are true and correct, and as to facts based on information of others, after diligent inquiry, she believes them to be true and correct. This statement is made subject to the penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. ORRSTOWN BANK By: Susan Russell Vice President and Manager of Fiduciary Services Dated: March /6 , 2015 Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division File No. MECHANICSBURG CEMETERY ASSOCIATION PERPETUAL CARE FUND Signature M ICSBURG CEME IATION, 11 Q LI TR TE By ident MECHANICSBURG CEMETERY ASSOCIATION, QUALIFIED TRUSTEE,OF PERPETUAL CARE FUND BACKGROUND AND REASON FOR ACCOUNT The Mechanicsburg Cemetery Association, a Pennsylvania non-profit corporation, acts as the qualified trustee of its perpetual care fund under Section 309 of Title 9 of Pennsylvania . Consolidated Statutes (9 Pa. C.S.A. § 309) and states this accounting for the period of January 1, 2013 through December 31, 2014, in accordance with Section 308 (b) (1) of said Title 9 (9 Pa. C.S.A. § 308 (b) (1)). The Mechanicsburg Cemetery Association has engaged the fiduciary services of Orrstown Bank of Shippensburg, PA to invest the perpetual care fund and to record all activities in the fund, pursuant to an investment trust. The Association reviews the activities and adopts the following contents of this Accounting as reported by Orrstown Bank. This Accounting is being filed in the Orphans' Court Division of the Court of Common Pleas of Cumberland County, Pennsylvania, and with the Pennsylvania State Real Estate Commission. VERIFICATION CHARLES B. HUMES, President of Mechanicsburg Cemetery Association, a non-profit Corporation under the laws of the Commonwealth of Pennsylvania, said corporation being the qualified trustee of the corporation's perpetual care fund, hereby declares and verifies that said Trustee has fully and faithfully discharged the duties of its office; that the facts set forth in the foregoing Fourth and Partial Account within his personal knowledge are true and correct as to facts based on information of others, after diligent inquiry, he believes them to be true and correct; the Account fully discloses all significant transactions occurring during the accounting period; that all known claims against the Trust have been paid in full; and that, to his knowledge, there are no claims now outstanding against the Trust. This statement is made subject to the penalties of 18 Pa. C.S.A. Section 4904 relating to unsworn falsification to authorities. harles B. ITurnes President Dated: , 2015