Page 34 - FY20 Annual Report Land Trusts Protection Advocacy Office_ Beneficiary Reports

3-Year Annual Income Statement

SCHOOL OF MINES TRUST
TRUST REVENUE FY 2018 FY 2019 FY 2020
MINERALS
Oil & Gas Royalties $816,804 $460,176 $195,241
Coal Royalties
Other Minerals $654 $4,920 $1,418
Materials Permits $3,000 $1,980
Total Mineral Revenue $820,458 $465,096 $198,639
DEVELOPMENT & PLANNING
Development Sales & Leases $8,378 $6 $61,182

Total Development & Planning Revenue $8,378 $6 $61,182
SURFACE

Sales (Auctions & Negotiated Sales) $175,932
Easements $232 $50
Rights of Entry $732 $203
Agriculture $156
Commercial $3,913 $3,981
Governmental $45 $45
Industrial $819 $819
Residential
Telecommunications
Forestry $158 $238
Grazing $4,127 $3,888
Misc. $27
Total Surface Revenue $6,712 $10,182 $185,184
OTHER
Interest on SITLA Cash Balance $1,758
Prior Year Unused SITLA Budget Sent Back to SITFO $11,964
Total Other Revenue $104,598 $289,142 $13,723
TOTAL REVENUE
Total SITLA Gross Revenue $940,146 $764,426 $458,727
Permanent Fund Interest & Gains (SITFO) $208,820 $175,713 -$193,535
Total Trust Revenue $1,148,966 $940,139 $265,192
EXPENSES
SITLA Budgeted Expenses* $367,132 $142,234 $113,164
SITFO Expenses $3,235 $4,510 $5,704
NET GROWTH - SCHOOL OF MINES TRUST

SITLA Net Operating Income $573,014 $622,192 $345,563
SITFO Net Operating Income $205,585 $171,203 -$199,239
Total Net Income $778,599 $793,395 $146,324
Beneficiary Distributions $133,949 $142,232 $159,611
Net Change in Fund Balance $644,650 $651,163 -$13,287
3-Year Cummulative Net Growth $1,282,526

34 *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