| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INT. & DIVIDENDS RECEIVABLE | 476,550 | 343,228 | 343,228 |
| INVESTMENT REDEMPTIONS RECVBL | 147,723,681 | 164,422,877 | 164,422,877 |
| PROG. REL. - FARMERS CONSERV. | 350,000 | 350,000 | |
| PROG. REL. - FRESHWATER TRUST | 2,950,000 | 1,240,000 | 1,240,000 |
| PROG. REL. - FRB YUBA PROJECT | 975,000 | 975,000 |