Page 26 - FY20 Annual Report Land Trusts Protection Advocacy Office_ Beneficiary Reports

3-Year Annual Income Statement

UNIVERSITY OF UTAH TRUST
TRUST REVENUE FY 2018 FY 2019 FY 2020
MINERALS
Oil & Gas Royalties $724,871 $612,227 $920,964
Coal Royalties
Other Minerals $1,041 $21,993 $1,912
Materials Permits
Total Mineral Revenue $725,912 $634,220 $922,876
DEVELOPMENT & PLANNING
Development Sales & Leases $323,615 $202,722 $250,548

Total Development & Planning Revenue $323,615 $202,722 $250,548
SURFACE

Sales (Auctions & Negotiated Sales)
Easements $2,385 $127
Rights of Entry $706 $953
Agriculture $1,459 $1,260
Commercial $11,797 $9,147
Governmental
Industrial
Residential
Telecommunications
Forestry $45
Grazing $12,609 $29,818
Misc. $63
Total Surface Revenue $98,549 $29,001 $41,367
OTHER
Interest on SITLA Cash Balance $6,798
Prior Year Unused SITLA Budget Sent Back to SITFO $6,787
Total Other Revenue $223,807 $161,197 $13,585
TOTAL REVENUE
Total SITLA Gross Revenue $1,371,883 $1,027,140 $1,228,375
Permanent Fund Interest & Gains (SITFO) $312,804 $266,834 -$286.881
Total Trust Revenue $1,684,687 $1,293,974 $941,494
EXPENSES
SITLA Budgeted Expenses* $357,081 $209,375 $237,576
SITFO Expenses $4,756 $6,572 $8,661
NET GROWTH - UNIVERSITY OF UTAH TRUST

SITLA Net Operating Income $1,014,802 $817,765 $990,799
SITFO Net Operating Income $308,048 $260,262 -$295,542
Total Net Income $1,322,850 $1,078,027 $695,257
Beneficiary Distributions $172,528 $198,135 $230,315
Net Change in Fund Balance $1,150,332 $879,892 $464,942
3-Year Cumulative Net Growth $2,495,166

26 *The beneficiary income statement reflects SITLA budgeted expenses for the beneficiary; the difference between SITLA budgeted expenses and actual expenses will
be returned to SITFO in FY 2021