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Home My WebLink About09-07-06 . Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division No. 21-06-553 In Re: Patricia M. Kilkenny Family Irrevocable Trust UtA September 6, 2002 First and Final Account of Community Trust Company, Trustee Date of Trustee's First Receipt of Funds: 09/06/2002 Accounting for the Period: 09/06/2002 to 08/31/2006 Purpose of Account: Community Trust Company, Trustee, offers this account to acquaint interested parties with the transactions that have occurred during this administration. It is important that the account be carefully examined. Requests for additional information or questions or objections can be discussed with: Robert R. Church, Esq. Attorney Identification No. 40385 Keefer Wood Allen & Rahal, LLP 210 Walnut Street P.O. Box 11963 Harrisburg, PA 17108-1963 (") ~O fu:O CIJ :g (") _1.1 ~ fn :t; ~2; ::0 4_ en ^ CJ C") 0 00.." OC ~ :0 'u..-..o.j P or with James E. White, Esq., Vice President and Trust Officer Community Trust Company 3907 Market Street Camp Hill, PA 17011 .:J-. ,....., = .e:.:,:) c...... c...., Pl -0 I -.J ~ (" J ,'") ~i--l ..2":'1 -,1 C") r-' ;-TI ~/) r:iJ o o IN RE: PATRICIA M. KILKENNY FAMILY IRREVOCABLE TRUST : IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYLVANIA : ORPHANS' COURT DIVISION : No. 21-06-553 SUMMARY OF ACCOUNT For the Period of September 6. 2002 throu!:lh AU!:lust 31. 2006 Gross Receipts of Income Gross Receipts of Principal Total Receipts Income Receipts Disbursements Information Schedule - Income Income Balance on Hand Page 2 to 4 4 to 7 7A Market Value 19,218.28 (19,192.36) 2592 Principal Receipts In Kind 1 303,538.27 Receipts 8 to 1 0 41.955.15 Subtotal 345,493.42 Net Gain or ( Loss) on Sales or other Disposition 0.00 General Disbursements 1 0 to 13 (16,088.17) Fees 10&11 (5.167.97) Balance Before Distributions 324,237.28 Distribution to Beneficiary 11 (20,000.00) Information Schedule - Principal 13A Principal Balance on Hand 304,237.28 Income Balance on Hand 25.92 Combined Balance on Hand 304,263.20 Reserved for Expenses (18.398.80) 285 864 40 19,218.28 345.493.42 364.711.70 Book Value 19,218.28 (19.192.36) 25.92 266,383.24 41,955.15 308,338.39 0.00 (16,088.17) (5.167.97) 287,082.25 (20.000.00) 267,082.25 25.92 267,108.17 (18,398.80) 248 709 37 REPORT OF ASSETS COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 AS OF 08/31/2006 PAGE 1 Units Market Value Price 08/31/2006 Book Value REAL ESTATE PROPERTY OWNED 1. 603 FAIRWAY DRIVE CAMP HILL, PA 17011 TOTAL REAL ESTATE 1.0000 176,000.0000 176,000.00 162,155.50 176,000.00 162,155.50 MISCELLANEOUS OTHER INVESTMENTS 2. METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008217 DEATH BENEFIT $40,244.97 3. METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008223 DEATH BENEFIT $87,293.30 TOTAL MISCELLANEOUS 1.0000 40,244.9700 40,244.97 32,405.74 1.0000 87,293.3000 87,293.30 71,822.00 127,538.27 104,227.74 303,538.27 266,383.24 25.92 25.92 699.01 699.01 304,263.20 267,108.17 TOTAL INVESTMENTS *INCOME CASH ON HAND *PRINCIPAL CASH ON HAND TOTAL ASSETS TOTAL CASH: 724.93 * Income and principal cash are held in FEDERATED GOVT OBLIGATIONS FD #395 Interest rate as of 08/31/06 is 4.883262 percent. 1. 603 Fairway Drive, Camp Hill, PA 17011. The market value of $176,000.00 is from an appraisal, dated December 13,2004. The Book Value is from the Realty Transfer Tax Statement of Value, dated September 30, 2002, the date on which the real estate was transferred to the Kilkenny Family Irrevocable Trust. 2. & 3. For Metropolitan Life Annuities # 550008217 and # 550008223, the Book Values and the Market Values are from their respective Quarterly Statements, dated as of June 30,2006. REPORT OF INCOME CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 09/06/2002 TO 08/31/2006 BEGINNING BALANCE --------------- INCOME CASH RECEIPTS --------------- 1. RECEIVED FROM GOVERNMENT AGENCIES Federal Income Tax Refund 05/31/2005 Total Federal Income Tax Refund TOTAL RECEIVED FROM GOVERNMENT AGENCIES 2. INSURANCE ANNUITY PAYMENTS Withdrawal from Annuity METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008217 DEATH BENEFIT $40,244.97 12/10/2003 07/21/2004 METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008223 DEATH BENEFIT $87,293.30 06/26/2003 07/21/2004 07/22/2005 Total Withdrawal from Annuity TOTAL INSURANCE ANNUITY PAYMENTS 3. ASSET SALES AND TRANSFERS Sale of an Income Asset FEDERATED GOVT OBLIGATIONS FD #395 02/12/2004 Sold 344.89 units at 1.00 Purchased 12/31/2003 No gain or loss 03/10/2004 Sold 364.51 units at 1.00 Purchased 12/31/2003 No gain or loss 04/07/2004 Sold 2,731.95 units at 1.00 Purchased 12/31/2003 No gain or loss TO INITIATE CASH SWEEP COMMERCE BANK 28.00 28.00 3,441.35 627.74 750.87 3,765.13 2,756.60 11,341.69 344.89 364.51 2,731.95 PAGE 2 0.00 28.00 11,341.69 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 09/06/2002 TO 08/31/2006 12/18/2003 Sold 365.24 units at 1.00 Purchased 12/16/2003 No gain or loss 12/31/2003 Sold 3,441.35 units at 1.00 Purchased 06/30/2003 No gain or loss 01/21/2004 Sold 366.11 units at 1.00 Purchased 12/16/2003 No gain or loss 02/12/2004 Sold 21.77 units at 1.00 Purchased 12/16/2003 No gain or loss 03/10/2004 Sold 1.76 units at 1.00 Purchased 03/01/2004 No gain or loss 04/07/2004 Sold 1.66 units at 1.00 Purchased 04/01/2004 No gain or loss 365.24 3,441.35 366.11 21.77 PAGE 3 1.76 1.66 Total Sale of an Income Asset TOTAL ASSET SALES AND TRANSFERS 4. DIVIDENDS RECEIVED Dividend Receipt FEDERATED GOVT OBLIGATIONS FD #395 10/31/2003 11/30/2003 12/31/2003 01/31/2004 02/29/2004 03/31/2004 04/30/2004 04/30/2004 05/31/2004 06/30/2004 07/31/2004 08/31/2004 09/30/2004 10/31/2004 11/30/2004 12/31/2004 01/31/2005 02/28/2005 03/31/2005 7,639.24 7,639.24 .04 .16 .11 1.94 1.76 1.66 1.01 .31 .74 .57 3.06 6.69 5.59 6.26 6.17 6.02 6.19 5.17 5.34 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 09/06/2002 TO 08/31/2006 04/30/2005 05/31/2005 06/30/2005 07/31/2005 08/31/2005 09/30/2005 10/31/2005 11/30/2005 12/31/2005 01/31/2006 02/28/2006 03/31/2006 04/30/2006 05/31/2006 06/30/2006 07/31/2006 Total Dividend Receipt TOTAL DIVIDENDS RECEIVED TOTAL INCOME CASH RECEIPTS --------------- INCOME CASH DISBURSEMENTS 5. ASSET PURCHASES FROM INCOME 5.03 3.03 2.12 4.43 20.17 15.27 16.11 15.05 13.04 12.92 10.48 10.04 8.79 5.71 4.34 4.03 209.35 --------------- Purchase Asset from Income FEDERATED GOV'T OBLIGATIONS FD #395 12/31/2003 Purchased 3,441.35 units at 1.00 COMMERCE BANK 06/30/2003 Purchased 750.87 units at 1.00 11/03/2003 Purchased .04 units at 1.00 12/01/2003 Purchased .16 units at 1.00 12/16/2003 Purchased 3,441.35 units at 1.00 01/02/2004 Purchased .11 units at 1.00 02/02/2004 Purchased 1.94 units at 1.00 03/01/2004 Purchased 1.76 units at 1.00 04/01/2004 Purchased 1.66 units at 1.00 -3,441.35 -750.87 -.04 -.16 -3,441.35 -.11 -1.94 -1.76 -1.66 PAGE 4 209.35 19,218.28 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 09/06/2002 TO 08/31/2006 PAGE 5 Total Purchase Asset from Income -7,639.24 TOTAL ASSET PURCHASES FROM INCOME -7,639.24 6. FEES PAID - GENERAL Fiduciary Tax Prep Fee 04/29/2004 -250.00 Total Fiduciary Tax Prep Fee -250.00 Trustee Fees - Regular 12/18/2003 FOR 1 MONTH(S) ENDING 11/30/03 -365.24 01/21/2004 FOR 1 MONTH(S) ENDING 12/31/03 -366.11 02/12/2004 FOR 1 MONTH(S) ENDING 01/31/04 -366.66 03/10/2004 FOR 1 MONTH(S) ENDING 02/29/04 -366.27 04/14/2004 FOR 1 MONTH(S) ENDING 03/31/04 -365.87 05/13/2004 FOR 1 MONTH(S) ENDING 04/30/04 -366.26 06/14/2004 FOR 1 MONTH(S) ENDING 05/31/04 -365.86 07/13/2004 FOR 1 MONTH(S) ENDING 06/30/04 -365.44 08/10/2004 FOR 1 MONTH(S) ENDING 07/31/04 -374.69 09/13/2004 FOR 1 MONTH(S) ENDING 08/31/04 -372.10 10/27/2004 FOR 1 MONTH(S) ENDING 09/30/04 -341.85 11/10/2004 FOR 1 MONTH(S) ENDING 10/31/04 -341 .48 12/10/2004 FOR 1 MONTH(S) ENDING 11/30/04 -341 . 12 01/26/2005 FOR 1 MONTH(S) ENDING 12/31/04 -356.97 02/10/2005 FOR 1 MONTH(S) ENDING 01/31/05 -356.59 03/10/2005 FOR 1 MONTH(S) ENDING 02/28/05 -355.96 04/26/2005 FOR 1 MONTH(S) ENDING 03/31/05 -356.17 05/10/2005 FOR 1 MONTH(S) ENDING 04/30/05 -355.16 06/10/2005 FOR 1 MONTH(S) ENDING 05/31/05 -354.51 07/26/2005 FOR 1 MONTH(S) ENDING 06/30/05 -355.39 08/08/2005 FOR 1 MONTH(S) ENDING 07/31/05 -363.67 09/09/2005 FOR 1 MONTH(S) ENDING 08/31/05 -361.02 10/24/2005 FOR 1 MONTH(S) ENDING 09/30/05 -352.89 11/08/2005 FOR 1 MONTH(S) ENDING 10/31/05 -352.53 12/08/2005 FOR 1 MONTH(S) ENDING 11/30/05 -352.16 01/27/2006 FOR 1 MONTH(S) ENDING 12/31/05 -352.25 02/07/2006 FOR 1 MONTH(S) ENDING 01/31/06 -351.88 03/07/2006 FOR 1 MONTH(S) ENDING 02/28/06 -351.51 04/21/2006 FOR 1 MONTH(S) ENDING 03/31/06 -352.04 Total Trustee Fees - Regular -10,379.65 TOTAL FEES PAID - GENERAL -10,629.65 7. TAXES Estimated Federal Fid Inc Tx REPORT OF INCOME CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 09/06/2002 TO 08/31/2006 04/15/2004 UNITED STATES TREASURY 25-6815781 Check # 011315 -28.00 Total Estimated Federal Fid Inc Tx -28.00 Estimated State Fid Inc Tax 04/15/2004 PA DEPT OF REVENUE 25-6815781 Check # 011300 06/15/2004 PA DEPT OF REVENUE 25-6815781 Check # 011643 09/10/2004 PA DEPT OF REVENUE 25-6815781 Check # 012013 12/28/2004 PA DEPT OF REVENUE 25-6815781 Check # 012517 04/15/2005 PA DEPT OF REVENUE 25-6815781 Check # 013147 06/09/2005 PA DEPT OF REVENUE 25-6815781 Check # 013444 09/12/2005 PA DEPT OF REVENUE 25-6815781 Check # 014037 12/29/2005 PA DEPT OF REVENUE 25-6815781 Check # 014670 -30.00 -30.00 -30.00 -30.00 -27.00 -27.00 -27.00 -27.00 Total Estimated State Fid Inc Tax -228.00 Federal Fid Inc Tax, Bal Due 04/15/2004 UNITED STATES TREASURY 25-6815781 Check # 011305 -24.28 Total Federal Fid Inc Tax, Bal Due -24.28 State Fid Inc Tax, Bal Due 04/15/2004 PA DEPT OF REVENUE 25-6815781 Check # 011268 04/15/2005 PA DEPT OF REVENUE 25-6815781 Check # 013096 -117.38 -16.04 Total State Fid Inc Tax, Bal Due -133.42 PAGE 6 REPORT OF INCOME CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 09/06/2002 TO 08/31/2006 TOTAL TAXES 8. MISCELLANEOUS DISBURSEMENTS Misc. Income Disbursement 603 FAIRWAY DRIVE CAMP HILL, PA 17011 04/26/2004 ALICIA D. STINE, TREASURER 2004 COUNTY REAL ESTATE TAX Check # 011390 -509.77 Total Misc. Income Disbursement -509.77 TOTAL MISCELLANEOUS DISBURSEMENTS TOTAL INCOME CASH DISBURSEMENTS INCOME CASH BALANCE PAGE 7 -413.70 -509.77 -19,192.36 25.92 INFORMATION SCHEDULE -INCOME Investment Made - Income COMMERCE BANK Various Purchased 4197.89 Units @ 1.00 FEDERATED GOV'T OBLIGATIONS FUND# 395 12/31/2003 Purchased 3441.35 Units @ 1.00 Various 2/12/2004 3/10/2004 4/7/2004 Changes in Income Investments COMMERCE BANK Sold 4197.89 Units @ 1.00 FEDERATED GOV'T OBLIGATIONS FUND # 395 Sold 344.89 Units @ 1.00 Sold 364.51 Units @ 1.00 Sold 2731.95 Units @ 1.00 4,197.89 3.441.35 4,197.89 4.197.89 3,441.35 344.89 364.51 2.731.95 7 639 24 4,197.89 3.441.35 7 639 24 PAGE 7A REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 09/06/2002 TO 08/31/2006 PAGE 8 BEGINNING BALANCE 0.00 --------------- PRINCIPAL CASH RECEIPTS --------_______ 1. ASSET SALES AND TRANSFERS Proceeds from Sale of Asset FEDERATED GOVT OBLIGATIONS FD #395 11/12/2003 Sold 365.69 units at 1.00 Purchased 10/28/2003 No gain or loss 365.69 11/21/2003 Sold 49.83 units at 1.00 Purchased 10/28/2003 No gain or loss 49.83 12/03/2003 Sold 49.83 units at 1.00 Purchased 10/28/2003 No gain or loss 49.83 04/07/2004 Sold 193.71 units at 1.00 Purchased 10/28/2003 No gain or loss TO INITIATE CASH SWEEP COMMERCE BANK 07/01/2003 Sold 1,734.5 units at 1.00 Purchased 06/30/2003 No gain or loss 193.71 1,734.50 07/15/2003 Sold 366.09 units at 1.00 Purchased 06/30/2003 No gain or loss 366.09 08/13/2003 Sold 367.46 units at 1.00 Purchased 06/30/2003 No gain or loss 367.46 09/10/2003 Sold 1,900.65 units at 1.00 Purchased 06/30/2003 No gain or loss 1,900.65 09/15/2003 Sold 367.07 units at 1.00 Purchased 06/30/2003 No gain or loss 367.07 10/16/2003 Sold 364.61 units at 1.00 Purchased 06/30/2003 No gain or loss 364.61 REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 09/06/2002 TO 08/31/2006 10/28/2003 Sold 548.75 units at 1.00 Purchased 06/30/2003 No gain or loss 01/28/2004 Sold 448.34 units at 1.00 Purchased 12/16/2003 No gain or loss 01/29/2004 Sold 110.31 units at 1.00 Purchased 12/16/2003 No gain or loss Total Proceeds from Sale of Asset TOTAL ASSET SALES AND TRANSFERS 2. REFUNDS State Fiduciary Tax Refund 06/12/2006 RECEIVED FROM PA DEPARTMENT OF REVENUE 2005 FIDUCIARY INCOME TAX REFUND Total State Fiduciary Tax Refund TOTAL REFUNDS 3. MISCELLANEOUS RECEIPTS Partial Annuity Surrender METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008217 DEATH BENEFIT $40,244.97 12/10/2003 07/21/2004 METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008223 DEATH BENEFIT $87,293.30 06/26/2003 07/21/2004 07/22/2005 Total Partial Annuity Surrender TOTAL MISCELLANEOUS RECEIPTS TOTAL PRINCIPAL CASH RECEIPTS 548.75 448.34 110.31 6,866.84 30.00 30.00 558.65 13,594.26 5,649.13 10,012.87 5,243.40 35,058.31 PAGE 9 6,866.84 30.00 35,058.31 41,955.15 REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 01/01/2002 TO 08/31/2006 4. TAXES --------------- PRINCIPAL CASH DISBURSEMENTS -------________ Estimated State Fid Inc Tax 04/15/2005 PA DEPT OF REVENUE 25-6815781 Check # 013147 06/09/2005 PA DEPT OF REVENUE 25-6815781 Check # 013444 09/12/2005 PA DEPT OF REVENUE 25-6815781 Check # 014037 12/29/2005 PA DEPT OF REVENUE 25-6815781 Check # 014670 06/15/2006 PA DEPT OF REVENUE 25-6815781 Check # 015822 Total Estimated State Fid Inc Tax TOTAL TAXES 5. ASSETPURCHASESANDTRANSFERS Purchase of an Asset FEDERATED GOVT OBLIGATIONS FD #395 10/28/2003 Purchased 548.75 units at 1.00 01/29/2004 Purchased 110.31 units at 1.00 COMMERCE BANK 06/30/2003 Purchased 5,649.13 units at 1.00 12/16/2003 Purchased 558.65 units at 1.00 Total Purchase of an Asset TOTAL ASSET PURCHASES AND TRANSFERS 6. FEES Fiduciary Tax Prep Fee 05/10/2005 03/14/2006 FOR TAX YEAR ENDING 12/31/05 Total Fiduciary Tax Prep Fee -22.00 -54.00 -548.75 -110.31 -5,649.13 -558.65 -6,866.84 -275.00 -275.00 -550.00 PAGE 10 -8.00 -8.00 -8.00 -8.00 -54.00 -6,866.84 REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 01/01/2002 TO 08/31/2006 Trustee Fees 07/01/2003 FOR 1 MONTH(S) ENDING 10/31/02 07/01/2003 FOR 1 MONTH(S) ENDING 11/30/02 07/01/2003 FOR 1 MONTH(S) ENDING 12/31/02 07/01/2003 FOR 1 MONTH(S) ENDING 01/31/03 07/01/2003 FOR 1 MONTH(S) ENDING 02/28/03 07/01/2003 FOR 1 MONTH(S) ENDING 03/31/03 07/01/2003 FOR 1 MONTH(S) ENDING 04/30/03 07/01/2003 FOR 1 MONTH(S) ENDING 05/31/03 07/14/2003 FOR 1 MONTH(S) ENDING 06/30/03 08/13/2003 FOR 1 MONTH(S) ENDING 07/31/03 09/15/2003 FOR 1 MONTH(S) ENDING 08/31/03 10/16/2003 FOR 1 MONTH(S) ENDING 09/30/03 11/12/2003 FOR 1 MONTH(S) ENDING 10/31/03 05/09/2006 FOR 1 MONTH(S) ENDING 04/30/06 06/08/2006 FOR 1 MONTH(S) ENDING 05/31/06 07/24/2006 FOR 1 MONTH(S) ENDING 06/30/06 Total Trustee Fees TOTAL FEES 7. MISCELLANEOUS DISBURSEMENTS Miscellaneous Disbursement 07/22/2004 PATRICIA M. KILKENNY; DISTRIBUTION OF FUNDS FOR THE PURCHASE OF AN AUTOMOBILE Check # 011833 Total Miscellaneous Disbursement Miscellaneous Disbursement 603 FAIRWAY DRIVE CAMP HILL, PA 17011 02/09/2005 CENTRAL PENN APPRAISALS, INC 2004 APPRAISAL Check # 012761 Total Miscellaneous Disbursement Insurance Premium 603 FAIRWAY DRIVE CAMP HILL, PA 17011 11/21/2003 TRAVELERS INDEMNITY AND AFFILIATES MINIMUM INSTALLMENT OF HOMEOWNERS INSURANCE PREMIUM POLICY #017224162 Check # 010594 12/03/2003 TRAVELERS INDEMNITY AND AFFILIATES MINIMUM INSTALLMENT OF HOMEOWNERS INSURANCE PREMIUM POLICY #017224162 Check # 010627 -196.50 -196.50 -196.50 -196.50 -196.50 -196.50 -196.50 -359.00 -366.09 -367.46 -367.07 -364.61 -365.69 -351.05 -350.68 -350.82 -4,617.97 -20,000.00 -20,000.00 -225.00 -225.00 -49.83 -49.83 PAGE 11 -5,167.97 REPORT OF PRINCIPAL CASH COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 01/01/2002 TO 08/31/2006 01/28/2004 TRAVELERS INDEMNITY AND AFFILIATES ANNUAL HOMEOWNERS INSURANCE PREMIUM POLICY #017224162 Check # 010937 12/03/2004 TRAVELERS INDEMNITY AND AFFILIATES ANNUAL HOMEOWNERS INSURANCE PREMIUM POLICY #017224162 Check # 012378 03/15/2005 TRAVELERS INDEMNITY AND AFFILIATES ADDITIONAL PREMIUM PAID DUE TO THE INCREASE IN THE REPLACEMENT VALUE OF THE DWELLING Check # 012904 12/01/2005 TRAVELERS INDEMNITY AND AFFILIATES ANNUAL HOMEOWNERS INSURANCE PREMIUM POLICY #017224162 Check # 014487 Total Insurance Premium REAL ESTATE TAX 603 FAIRWAY DRIVE CAMP HILL, PA 17011 09/10/2003 ALICIA D. STINE, TREASURER 2003 SCHOOL REAL ESTATE TAX Check # 010322 08/24/2004 ALICIA D. STINE, TREASURER 2004 SCHOOL REAL ESTATE TAX Check # 011942 04/26/2005 ALICIA D. STINE, TREASURER 2005 COUNTY REAL ESTATE TAX Check # 013232 08/25/2005 ALICIA D. STINE, TREASURER 2005 SCHOOL REAL ESTATE TAX Check # 013930 04/26/2006 DEBBIE LUPOLD, TREASURER 2006 COUNTY REAL ESTATE TAX Check # 015520 Total REAL ESTATE TAX TOTAL MISCELLANEOUS DISBURSEMENTS TOTAL PRINCIPAL CASH DISBURSEMENTS PRINCIPAL CASH BALANCE -448.34 -599.00 -15.00 -662.00 -1,824.00 -1,900.65 -2,017.09 -531.43 -2,103.62 -565.54 -7,118.33 PAGE 12 -29,167.33 -41,256.14 699.01 REPORT OF NON-CASH ENTRIES COMMUNITY TRUST COMPANY, TRUSTEE FOR THE PATRICIA M KILKENNY FAMILY IRREVOCABLE TRUST, DATED: 09/06/02 ACCOUNT 2100285 FOR DATES 01/01/2002 TO 08/31/2006 --------------- NON-CASH INCREASES --------------- 1. NON-CASH TRANSFER IN FREE RECEIPT OF AN ASSET METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008217 DEATH BENEFIT $40,244.97 05/02/2003 1 units METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008223 DEATH BENEFIT $87,293.30 05/02/2003 1 units 603 FAIRWAY DRIVE CAMP HILL, PA 17011 10/02/2002 1 units Total FREE RECEIPT OF AN ASSET TOTAL NON-CASH TRANSFER IN 2. BOOK VALUE ADJUSTMENT Book Value Adjustment METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008217 DEATH BENEFIT $40,244.97 05/02/2003 07/21/2004 EARLY WITHDRAWAL PENALTIES METROPOLITAN LIFE VARIABLE ANNUITY ANNUITY #550008223 DEATH BENEFIT $87,293.30 05/02/2003 08/29/2006 Total Book Value Adjustment TOTAL BOOK VALUE ADJUSTMENT TOTAL NON-CASH INCREASES 162,155.50 162,155.50 50,000.00 -381.14 100,000.00 -28,178.00 121,440.86 0.00 0.00 PAGE 13 162,155.50 121,440.86 283,596.36 PAGE13A INFORMATION SCHEDULE - PRINCIPAL Investments Made - Principal COMMERCE BANK 6/30/2003 Purchased 5649.13 Units @ 1.00 5,649.13 12/16/2003 Purchased 558.65 Units @ 1.00 558.65 6,207.78 6,207.78 FEDERATED GOV'T OBLIGATIONS FUND # 395 10/28/2003 Purchased 548.75 Units @ 1.00 548.75 1/29/2004 Purchased 110.31 Units@ 1.00 110.31 659.06 Changes in Principal Investments 6 866 84 COMMERCE BANK 7/1/2003 Sold 1734.50 Units @ 1.00 1,734.50 7/15/2003 Sold 366.09 Units @ 1.00 366.09 8/13/2003 Sold 367.46 Units @ 1.00 367.46 9/10/2003 Sold 1900.65 Units @ 1.00 1,900.65 9/15/2003 Sold 367.07 Units @ 1.00 367.07 10/16/2003 Sold 364.61 Units @ 1.00 364.61 10/28/2003 Sold 548.75 Units @ 1.00 548.75 1/28/2004 Sold 448.34 Units @ 1.00 448.34 Sold 110.31 Units@ 1.00 110.31 6,207.78 FEDERATED GOV'T OBLIGATIONS FUND # 395 11/12/2003 Sold 365.69 Units @ 1.00 365.69 11/21/2003 Sold 49.83 Units @ 1.00 49.83 12/3/2003 Sold 49.83 Units @ 1.00 49.83 4/7/2004 Sold 193.71 Units @ 1.00 193.71 659.06 659.06 6 866.84 Court of Common Pleas of Cumberland County, Pennsylvania Orphans' Court Division No. 21-06-553 Patricia M. Kilkenny Family Irrevocable Trust Dated 09/06/02 AFFIDA VIT Community Trust Company, Trustee, hereby declares under oath that it has fully and faithfully discharged the duties of its office; that the foregoing Account is true and correct and fully discloses all significant transactions occurring during the accounting period; that all known claims against the Trust have been paid in full or adequate reserves have been stated for such unpaid expenses; that, to its knowledge, there are no claims now outstanding against the Trust except those items for which reserves have been stated; and that all taxes presently due from the Trust have been paid. COMMUNITY TRUST COMPANY c /,/.P-: James E. White, Vice President and Trust Officer Subscribed and sworn to before me this ~ day of ~pteMhV , 2006. /~be(l(l~C QO-..ll'- Notary Publi NoIIIIII Self R&b9acaJ. CIIIIk. '**'Y PId: . Dl,,*, Twp.. CWrtleItc..ld Ccul&y My Co........., e.p..0ec. 17.2006 Member. Pe.. JI.. AIaodalb, a NcIaries INRE: PATRICIA M. KILKENNY FAMIL Y IRREVOCABLE TRUST : IN THE COURT OF COMMON PLEAS : CUMBERLAND COUNTY, PENNSYLVANIA : ORPHANS' COURT DIVISION : No.21-06-553 PROPOSED SCHEDULE OF DISTRIBUTION The Trustee / Accountant proposes the following schedule of distribution: I. RESERVED FOR THE ACCOUNT TO: COMMUNITY TRUST COMPANY 1. Trustee' Monthly Commission for the months of August 2006 through October 2006 (Estimated) 2. Trustee's Termination Fee (Calculated on the 12 months of August 2005 through July 2006) 3. Fiduciary Income Tax Preparation Fee for Tax Year 2006 TO: THE LAW FIRM OF KEEFER WOOD ALLEN & RAHAL, LLP 1. Legal Fees accrued to August 31, 2006 2. Disbursements made to August 31, 2006 3. Reserve for preparation of the Petition for Approval of the First and Final Account, attendance at Audit and at Hearing Scheduled for November 29, 2006, response to the Objections, if any to the First and Final Account and for all other legal matters that may be germane to this proceeding. TO: THE LAW FIRM OF GATES HALBRUNER & HATCH, P.e. 1. Preparation of Fiduciary Warranty Deed in connection with Settlement discussions between the parties TO: MISCELLANEOUS FEES AND EXPENSES 1. Fee for filing First and Final Account 2. Fees for preparation and recording of Deed 3. Any excess remaining in this fund will be distributed to Patricia M. Kilkenny. Subtotal Market Value $ (1,050.00) $ (4,242.50) $ (275.00) $ (4,641.00) $ (65.30) $ (7,000.00) $ (125.00) $ $ (280.00) (720.00) $ (18,398.80) II. TO: PATRICIA M. KILKENNY Market Value Book Value 1. Metropolitan Life Variable Annuity # 550008217 $ 40,244.97 32,405.74 2. Metropolitan Life Variable Annuity # 550008223 $ 87,293.30 71,822.00 $127,538.27 104,227.74 Reserve for Expenses $ (18,398.80) (18,398.80) Net Annuity Total $109,139.47 85,828.94 3. Balance Income Cash $ 25.92 25.92 4. Balance of Principal Cash $ 699.01 699.01 Subtotal 109,864.40 86,553.87 4. Improved Real Estate known and numbered as 603 Fairway Drive, Camp Hill, P A 17011 $176,000.00 $162,155.50 Net Distribution to Patricia M. Kilkenny $285.864.40 $248.709.37 INRE: PATRICIA M. KILKENNY F AMIL Y IRREVOCABLE TRUST IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS ' COURT DIVISION NO. 21-06-553 CERTIFICATE OF NOTICE I, Robert R. Church, Esq., co-counsel for Community Trust Company, Trustee, hereby certify that I have given notice as required by Pa. O.C. Rule 6.3 and C.C.O.C.R. 6.3-1, together with copies of the First and Final Account of Community Trust Company, as Trustee of the Patricia M. Kilkenny Family Irrevocable Trust, and Schedule of Proposed Distribution, upon the parties interested in this proceeding by depositing a true and correct copy of the same in the United States mail, certified, postage prepaid, addressed as follows: Patricia M. Kilkenny and Catherine A. McKinney c/o Michael L. Bangs, Esq. Bangs Law Office 429 South 18th Street Camp Hill, P A 17011 A copy of the notice is attached to this certificate. KEEFER WOOD ALLEN & RAHAL, LLP Date: September 5, 2006 By KK~ Robert R. Church, Esq. Sup. Ct. No. 40385 Todd F. Truntz, Esq. Sup. Ct. No. 83302 P.O. Box 11963 Harrisburg, P A 17108-1963 (717) 255-8059 Attorneys for Trustee INRE: PATRICIA M. KILKENNY F AMIL Y IRREVOCABLE TRUST IN THE COURT OF COMMON PLEAS CUMBERLAND COUNTY, PENNSYLVANIA ORPHANS' COURT DIVISION NO. 21-06-553 NOTICE OF AUDIT To the following beneficiaries of the Patricia M. Kilkenney Family Irrevocable Trust: Patricia M. Kilkenny and Catherine A. McKinney c/o Michael L. Bangs, Esq. Bangs Law Office 429 South 18th Street Camp Hill, P A 17011 NOTICE is hereby given that the First and Final Account of Community Trust Company, as Trustee of the Patricia M. Kilkenney Family Irrevocable Trust, will be filed in the Office of the Clerk of the Orphans' Court Division of the Court of Common Pleas of Cumberland County, Pennsylvania, on or before September 8, 2006, and that the Clerk will present the same to the Court for confirmation, audit and distribution on October 10, 2006. Any person who objects to the transactions shown in the Account must file written objections with the Clerk on or before 9 a.m. on October 10,2006, or the Court may otherwise assume that no objections exist or that any objections have been waived. A copy ofthe First and Final Account of the Trustee, and Schedule of Proposed Distribution are enclosed herewith. Date: September 5, 2006 KEEFER WOOD ALLEN & RAHAL, LLP /'</1 (ff~ By: Robert R. Church, Esq. Sup. Ct. No. 40385 Todd F. Truntz, Esq. Sup. Ct. 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