| Description | Beginning of Year - Book Value | End of Year - Book Value | End of Year - Fair Market Value |
|---|---|---|---|
| INT. & DIVIDENDS RECEIVABLE | 343,228 | 148,940 | 148,940 |
| INVESTMENT REDEMPTIONS RECVBL | 164,422,877 | 260,869,354 | 260,869,354 |
| PROG. REL. - FRESHWATER TRUST | 1,240,000 | 1,020,000 | 1,020,000 |
| PROG. REL. - FRB YUBA PROJECT | 1,325,000 | 637,500 | 637,500 |