Page 45 - FY20 Annual Report Land Trusts Protection Advocacy Office_ Beneficiary Reports
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Beneficiary Summary
JUVENILE JUSTICE SERVICES (REFORM SCHOOL) TRUST
JUVENILE JUSTICE SERVICES TRUST
Acreage - Surface 19 (0.0%)
Acreage - Mineral 9,056 (0.20%)
Total Permanent Fund Balance $1,513,775
FUND RETURN %
FY 2020 -3.9%
3-Year Annualized 1.8%
5-Year Annualized 3.0%
10-Year Annualized 8.0%
Distribution Formula for Juvenile Justice Services (Reform School) Trust
(4% x 12-QTR average previous fiscal year end) = Total FY Distribution Amount
APPLIED FORMULA FOR FY20: (4% x $1,259,982) = $50,399*
* Distribution amount is a reflection of what was paid out during FY 2020. Annual distributions are subject to a 4% cap against
the 12 quarter market value average and sent in equal quarterly installments.
Juvenile Justice Services Trust Distributions
SURFACE ACRES: FY 2016 $26,605
19 FY 2017 $21,438
FY 2018 $45,973
FY 2019 $48,076
MINERAL ACRES:
9,056 FY 2020 $50,399
Calculated FY 2021 Distribution $53,644
JUVENILE JUSTICE SERVICES (REFORM
SCHOOL) TRUST FUND BALANCE Trust land fund distributions are sent to the Juvenile Justice Services to help provide programing
for youth offenders while assuring public safety.
$1,513,775
As of 6/30/2020
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