Legislative Financial Report 2011 |
Previous | 1 of 1 | Next |
|
small (250x250 max)
medium (500x500 max)
Large
Extra Large
large ( > 500x500)
Full Resolution
|
This page
All
|
L 700.3 L514f 2011 e.1
LEGISLATIVE FINANCIAL REPORT
2011
HISTORY
The Organic Act of 1890 reserved Sections 16 and 36 of each township in Oklahoma Territory for the
benefit of public schools. The goal of Congress was to provide continued funding for public education.
The federal government had no title to the eastern half of the state which at the time was called Indian
Territory. In lieu of land, the government granted the state 5 million dollars. Four year colleges and uni-versities
were also provided of in the Enabling Act created by the Oklahoma Constitution. Section 13 of
each township was set aside for support of higher education.
Article Two, Section Eleven of the Oklahoma Constitution says the "principal shall be deemed a trust
fund held by the state, and shall ever remain inviolate. It may be increase, but shall never be dimin-ished".
It is a trust the Oklahoma Supreme Court would later call a "sacred trust."
Oil, natural gas, sand, gravel, wheat fields and pastures which encompass the holdings of the Land Of-fice
stretch north, south, east and west and show the changing terrain of this great state. The role of the
Land Office through the history of Oklahoma has been and continues to be to care for the trust so it will
be an asset for the future.
Educational Trusts and Beneficiaries
Income
Educational Trust Fund Beneficiary Location Allocation
1. Common School Fund (CS) K-12 public schools Statewide 100%
2. Educational Institution Fund (EI) University of Oklahoma Norman, OK 90% of 1/3
Oklahoma State University Stillwater, OK 90% of 1/3
Northern Oklahoma College Tonkawa, OK 10% of 1/3
Langston University Langston, OK 10% of 1/3
Southeastern OSU Durant, OK 1/9 of 1/3
University of Central Oklahoma Edmond, OK 1/9 of 1/3
East Central University Ada, OK 1/9 of 1/3
Northeastern State University Tahlequah, OK 1/9 of 1/3
Northwestern OSU Alva, OK 1/9 of 1/3
Southwestern OSU Weatherford, OK 1/9 of 1/3
Cameron University Lawton, OK 1/9 of 1/3
Oklahoma Panhandle State Univ, Goodwell, OK 1/9 of 1/3
University of Science & Arts of
OK Chickasha, OK 1/9 of 1/3
3. University of Oklahoma (UV) University of Oklahoma Norman, OK 100%
4. Oklahoma State University (OS) Oklahoma State University Stillwater, OK 100%
5. Northern Oklahoma College (UP) Northern Oklahoma College Tonkawa, OK 100%
6. Langston University (LU) Langston University Langston, OK 100%
7. Normal Schools (NS) Southeastern OSU Durant, OK 1/9th
University of Central Oklahoma Edmond, OK 1/9th
East Central OSU Ada, OK 1/9th
Northeastern OSU Tahlequah, OK 1/9th
Northwestern OSU Alva, OK 1/9th
Southwestern OSU Weatherford, OK 1/9th
Cameron University Lawton, OK 1/9th
Oklahorna Panhandle State Univ. Goodwell, OK 1/9th
University of Science & Arts of
OK Chickasha, OK 1/9th
COMMON SCHOOL DISTRIBUTION FY-2010
DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT
Achille 53,885 Bray-Doyle 59,969 Copan 36,978
Ada 341,914 Bridge Creek 170,252 Cordell 98,611
Adair 130,775 Briggs 63,145 Cottonwood 29,731
Afton 59,249 Bristow 213,897 Covington- 36,557
Agra 52,885 Broken Arrow 2,102,004 Coweta 426,197
Albion 14,811 Broken Bow 224,251 Coyle 49,221
Alex 48,302 Brushy 38,961 Crescent 82,233
Aline-Cleo 19,610 Buffalo 35,948 Crooked Oak 133,721
Allen 55,578 Buffalo Valley 24,285 Crowder 59,838
Allen-Bowden 43,371 Burlington 19,457 Crutcho 32,878
Altus 514,936 Bums Flat-Dill City 86,765 Cushing 231,270
Alva 116,539 Butner 29,168 Cyril 44,216
Amber-Pocasset 59,939 Byars 7,388 Dahlonegah 16,423
Anadarko 235,873 Byng 226,133 Dale 96,482
Anderson 39,478 Cache 208,264 Darlington 30,476
Antlers 134,272 Caddo 58,436 Davenport 48,298
Arapaho 43,325 Calera 80,776 Davidson 14,923
Ardmore 390,731 Calumet 37,507 Davis 122,659
Arkoma 43,851 Calvin 22,088 Deer Creek 443,414
Arnett 21,960 Cameron 51,052 Deer Creek- 27,287
Asher 29,239 Canadian 55,351 Denison 37,641
Atoka 122,721 Caney 33,388 Depew 46,649
Avant 12,166 Caney Valley 95,921 Dewar 61,956
Balko 16,798 Canton 46,823 Dewey 155,370
Banner 27,389 Canute 49,277 Dibble 91,689
Barnsdall 57,422 Carnegie 79,483 Dickson 161,370
Bartlesville 770,589 Carney 28,098 Dover 32,143
Battiest 31,762 Cashion 66,049 Drummond 45,110
Bearden 14,097 Catoosa 282,212 Drumright 82,717
Beaver 52,310 Cave Springs 22,869 Duke 23,772
Beggs 158,949 Cement 37,083 Duncan 482,741
Belfonte 14,568 Central 69,904 Durant 429,002
Bell 11,567 Central High 55,687 Dustin 16,380
Bennington 33,326 Chandler 150,277 Eagletown 28,850
Berryhill 161,501 Chattanooga 36,725 Earlsboro 30,532
Bethany 204,810 Checotah 190,339 Edmond 2,649,542
Bethel 178,017 Chelsea 123,306 EI Reno 314,420
Big Pasture 31,118 Cherokee 37,820 Eldorado 15,196
Billings 13,066 Cheyenne 38,834 Elgin 205,144
Binger-Oney 42,377 Chickasha 328,323 Elk City 289,658
Bishop 50,469 Chisholm 115,785 Elmore City 68,488
Bixby 604,890
Choctaw/Nicoma
634,268 Empire 67,655
Park
Blackwell 198,598 Chouteau-Mazie 117,984 Enid 839,325
Blair 36,025 Cimarron 36,183 Erick 32,996
Blanchard 210,791 Claremore 535,566 Eufaula 165,872
Bluejacket 26,691 Clayton 39,419 Fairland 70,224
Boise City 37,211 Cleora 16,002 Fairview 85,770
Bokoshe 30,154 Cleveland 229,002 Fanshawe 10,433
Boley 3,905 Clinton 273,935 Fargo 28,979
Boone-Apache 75,459 Coalgate 99,773 Farris 9,897
Boswell 44,640 Colbert 106,200 Felt 8,113
Bowlegs 41,467 Colcord 85,677 Fletcher 66,874
Bowring 10,472 Coleman 26,660 Flower Mound 42,111
Boynton 13,295 Collinsville 328,230 Forest Grove 12,290
Braggs 29,099 Comanche 148,093 Forgan 23,317
Braman 12,799 Commerce 116,929 Fort Cobb-Broxton 43,343
DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT
Fort Supply 19,424 Idabel 185,242 Mc Cord 28,971
Fox 43,821 Indiahoma 41,163 Mc Curtain 32,762
Foyil 93,582 Indianola 38,102 Mc Loud 234,734
Frederick 113,752 Inola 164,439 Medford 31,882
Freedom 17,180 Jay 225,787 Meeker 112,783
Friend 26,734 Jenks 1,310,774 Merritt 71,836
Frink-Chambers 54,930 Jennings 21,269 Miami 334,321
Frontier 46,430 Jones 144,750 Middleberg 24,860
Ft Gibson 245,170 Justice 23,944 Midway 29,869
FtTowson 52,874 Justus- Tiawah 75,274 Midwest City/Del City 1,866,865
Gage 14,332 Kansas 123,113 Milburn 26,755
Gans 54,319 Kellyville 154,939 Milfay 7,302
Garber 46,547 Kenwood 15,023 Mill Creek 21,082
Geary 52,760 Keota 55,428 Millwood 130,618
Geronimo 43,709 Ketchum 87,019 Minco 71,013
Glencoe 42,151 Keyes 10,595 Moffett 47,909
Glenpool 306,361 Keys 122,014 Monroe 14,561
Glover 13,523 Keystone 54,842 Moore 2,778,516
Goodland 7,292 Kiefer 54,951 Mooreland 67,184
Goodwell 27,051 Kildare 9,060 Morris 132,892
Gore 75,035 Kingfisher 159,518 Morrison 70,284
Gracemont 23,455 Kingston 137,370 Moseley 40,565
Graham 23,573 Kinta 25,166 Moss 34,016
Grand View 48,060 Kiowa 37,626 Mounds 84,600
Grandfield 33,399 Konawa 92,312 Mountain View-Gotebo 30,447
Grandview 21,199 Krebs 49,119 Moyers 20,437
Granite 33,067 Kremlin-Hillsdale 36,403 Muldrow 227,532
Grant 17,466 Lane 27,187 Mulhall-Orlando 28,668
Greasy 11,711 Latta 96,558 Muskogee 818,614
Greenville 13,717 Laverne 60,259 Mustang 1,085,297
Grove (Delaware) 319,580 Lawton 2,086,936 N Rock Creek 69,541
Grove (Pottawatomie) 47,494 Le Flore 27,538 Nashoba 7,990
Guthrie 421,135 Leach 18,054 Navajo 65,342
Guymon 332,654 Leedey 24,641 New Lima 37,396
Gypsy 16,615 Lexington 139,762 Newcastle 205,943
Haileyville 61,052 Liberty (Sequoyah) 37,830 Newkirk 94,237
Hammon 32,439 Liberty (Tulsa) 76,872 Ninnekah 60,124
Hanna 11,412 Lindsay 150,737 Noble 373,611
Hardesty 12,811 Little Axe 156,300 Norman 1,820,289
Harmony 30,477 Locust Grove 203,114 Norwood 24,161
Harrah 297,638 Lomega 27,679 Nowata 143,799
Hartshorne 104,431 Lone Grove 197,547 Oak Grove 23,124
Haskell 120,231 Lone Star 110,030 Oakdale 69,210
Haworth 75,268 Lone Wolf 14,708 Oaks Mission 36,716
Haywood 14,690 Lookeba Sickles 31,262 Oilton 41,407
Healdton 73,488 Lowrey 19,654 Okarche 38,162
Heavener 134,822 Lukfata 41,320 Okay 63,557
Hennessey 106,581 Luther 106,624 Okeene 45,245
Henryetta 170,005 Macomb 46,086 Okemah 117,545
Hilldale 240,588 Madill 226,612 Oklahoma City 5,212,489
Hinton 88,824 Mangum 91,432 Oklahoma Union 89,970
Hobart 106,552 Mannford 192,406 Okmulgee 222,299
Hodgen 39,765 Mannsville 11,649 Oktaha 90,938
Holdenville 145,255 Maple 20,948 Olive 51,411
Hollis 70,501 Marble City 18,351 Olustee 22,485
Holly Creek 26,698 Marietta 120,043 Oologah-Talala 246,040
Hominy 83,868 Marlow 168,131 Optima 9,878
Hooker 73,171 Maryetta 82,431 Osage 35,628
Howe 60,364 Mason 29,314 Osage Hills 25,787
Hugo 164,044 Maud 42,509 Owasso 1,139,973
Hulbert 79,993 Maysville 51,680 Paden 30,573
Hydro-Eakly 60,587 Mc Alester 369,778 Panama 98,896
DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT
Panola 37,262 Sentinel 44,502 Varnum 36,492
Paoli 33,126 Sequoyah 184,976 Velma-Alma 56,988
Pauls Valley 175,233 Shady Grove 22,295 Verden 37,706
Pawhuska 113,427 Shady Point 16,529 Verdigris 162,321
Pawnee 96,064 Sharon-Mutual 38,153 Vian 139,213
Peavine 23,120 Shattuck 40,134 Vici 43,436
Peckham 9,754 Shawnee 507,511 Vinita 211,732
Peggs 30,649 Shidler 38,285 Wagoner 312,468
Perkins-Tryon 178,091 Silo 91,833 Wainwright 16,138
Perry 149,922 Skelly 10,303 Wakita 11,027
Pickett-Center 14,044 Skiatook 322,869 Walters 95,463
Piedmont 332,484 Smithville 37,033 Wanette 28,895
Pioneer 43,658 Snyder 67,877 Wapanucka 31,646
Pioneer-Pleasant 76,985 Soper 49,538 Warner 90,816
Pittsburg 42,004 Spavinaw 14,854 Washington 118,464
Plainview (Carter) 185,286 Sperry 166,796 Washita Heights 11,784
Plainview (Cimarron) 1,273 Spiro 157,902 Watonga 101,723
Pleasant Grove (Pott Cty) 31,026 Springer 30,801 Watson 5,312
Pleasant Grove Elemen-
13,133 Sterling 54,552 Watts 51,211
tary
Pocola 112,468 Stidham 11,074 Waukomis 44,739
Ponca City 649,862 Stigler 172,578 Waurika 56,444
Pond Creek-Hunter 40,236 Stillwater 713,559 Wayne 62,289
Porter Consolidated 68,598 Stilwell 180,461 Waynoka 30,427
Porum 68,926 Stonewall 53,703 Weatherford 236,420
Poteau 291,866 Straight 7,728 Webbers Falls 34,080
Prague 140,619 Stratford 77,176 Welch 51,688
Preston 78,178 Stringtown 21,588 Weleetka 55,367
Pretty Water 30,645 Strother 47,314 Wellston 87,552
Prue 41,980 Stroud 114,563 Western Hgts 433,171
Pryor 321,850 Stuart 37,470 Westville 144,712
Purcell 187,117 Sulphur 179,022 Wetumka 55,620
Putnam City 2,379,229 Sweetwater 10,901 Wewoka 91,050
Quapaw 89,248 Swink 9,664 White Oak 16,646
Quinton 70,312 Tahlequah 449,448 White Rock 16,391
Rattan 67,463 Talihina 89,197 Whitebead 54,799
Ravia 11,714 Taloga 9,024 Whitefield 14,313
Red Oak 28,480 Tannehill 26,221 Whitesboro 25,872
Reydon 15,867 Tecumseh 293,315 Wickliffe 18,919
Ringling 59,674 Temple 31,405 Wilburton 135,392
Ringwood 50,948 Tenkiller 40,214 Wilson (Carter) 67,223
Ripley 60,485 Terral 9,326 Wilson (Okmulgee) 37,197
Riverside 19,933 Texhoma 34,142 Wister 76,686
Robin Hill 25,488 Thackerville 40,104 Woodall 70,250
Rock Creek 65,663
Thomas-Fay-Custer Uni- 62,418 Woodland 58,341
fied
Rocky Mountain 23,122 Timberlake 32,747 Woodward 351,844
Roff 41,316 Tipton 42,251 Wright City 62,544
Roland 163,907 Tishomingo 120,915 Wyandotte 98,627
Rush Springs 77,656 Tonkawa 104,857 Wynnewood 79,968
Ryal 11,737 Tulsa 5,203,700 Wynona 18,965
Ryan 31,106 Tupelo 34,625 Yale 70,709 .
S Coffeyville 38,918 Turkey Ford 14,459 Yarbrough 15,157
S Rock Creek 41,839 Turner 38,608 Yukon 911,690
Salina 112,617 Turpin 55,348 Zaneis 33,105
Sallisaw 277,710 Tushka 60,759 Zion 46,206
Sand Springs 697,669 Tuskahoma 11,446
Sapulpa 550,091 Tuttle 220,150
Sasakwa 31,373 Twin Hills 40,025
Savanna 49,106 Tyrone 30,391
Sayre 93,621 Union 1,902,520 Total Distributions $83,212,998
Schulter 25,083 Union City 35,367
Seiling 55,041 Valliant 136,577
Seminole 215,666 Vanoss 68,623
Fiscal Year Ended June 30, 2010
Modified Cash Basis
(Unaudited)
2006 2007 2008
ASSETS:
~ ~ ~ ~ -~- __ _ T _ _ _
" :_ " -: j, ~, y ~ :- r •
Cash and Cash Equivalents' $38,467.374 $58.978.926 $74.286.796 $51.187.209 $75.207.393
Farm Loans and Sales 250.732 132.387 69.052 45.622 29.031
Investment in Bonds. at Par 745.720.812 888.045,410 964.956.660 1.142.249.285 1.184,453.544
Unamortized Premium on Bonds (Net) (41.274.720) (45.071.839) (57.726.859) (167.018.848) (124.763,494)
Accrued Interest on Purchases 824.782 696.815 405.107 667.906 917.089
Investment in Equities. at Cost 539.393,196 538.040.178 582.538.694 381.169.968 409.306,623
Investment Properties 4.892.846 4.989.619 0 0 0
Investment in Capital Projects 517,271 528.923 603,077 692.946 709.232
Grant Land at $1.00 Per Acre 693.214 693.074 692,871 692.844 692.802
Foreclosed Land at $1.00 Per Acre 51.078 51.078 50.958 50.958 50.958
Foreclosed Land, at Cost 4.888,402 4.888,402 4,855.208 4.855.208 4.855.208
Total Permanent Funds 1.294,424.987 1,451.972.973 1.570,731.564 1,414,593.098 1.551,458.386
Cash and Cash Equivalents' 5.389.883 7,176.686 8.843,708 9.351.579 11.584.168
Interest Receivable: Loans & Sales 11.512 3.543 768 0 0
Surface Rent Receivable 1.873.270 1.980.324 2.174.340 2.694,180 2.819.901
Reserve for Uncollectables (603,339) (603.339) (603,339) (603.339) (603.339)
Total Revenue Funds 6.671.326 8,557.214 10,415,477 11,442,420 13.800,730
Total Assets $1.301.096.313 $1,460.530.187 $1.581,147.041 $1,426.035.518 $1.565.259.116
Permanent Trust 1.255.752,264 1,412,817,489 1.530,536.595 1.371.378.989 1.508.041,591
Billed and Uncollected 1.281,443 1,380.528 1.571.770 2.090.841 2.216.562
Collected and Undistributed 5,389,883 7.176.686 8.843.708 9.351.579 11.584,168
Gain on Sale: Grant Land 33,528,878 34,011,639 34.953,556 37,594,586 37,804,544
Foreclosed Land 5,143,845 5,143.845 5,241,412 5.241,411 5,241,411
Total Trust Reserve 1.301,096,313 1,460,530.187 1,581,147.041 1,425.657,406 1,564,888,276
Total Liabilities & Trust Reserve $1.301.096,313 $1,460.530.187 $1.581.147.041 $1,426,035.518 $1.565,259.116
• Includes funds invested at the State Treasurer's Office and at the Custodial Bank.
Fiscal Year Ended June 30,2010
Modified Cash Basis
(Unaudited)
2006 2007 2008
ASSETS:
.. ~ .. "" ~ . .
; . '. , -
Cash and Cash Equivalents* $38,467,374 $58,978,926 $74,286,796 $51,187,209 $75,207,393
Farm Loans and Sales 250,732 132,387 69,052 45,622 29,031
Investment in Bonds, at Par 745,720,812 888,045,410 964,956,660 1,142,249,285 1,184,453,544
Unamortized Premium on Bonds (Net) (41,274,720) (45,071,839) (57,726,859) (167,018,848) (124,763,494)
Accrued Interest on Purchases 824,782 696,815 405,107 667,906 917,089
Investment in Equities, at Cost 539,393,196 538,040,178 582,538,694 381,169,968 409,306,623
Investment Properties 4,892,846 4,989,619 0 0 0
Investment in Capital Projects 517,271 528,923 603,077 692,946 709,232
Grant Land at $1.00 Per Acre 693,214 693,074 692,871 692,844 692,802
Foreclosed Land at $1.00 Per Acre 51,078 51,078 50,958 50,958 50,958
Foreclosed Land, at Cost 4,888,402 4,888,402 4,855,208 4,855,208 4,855,208
Total Permanent Funds 1,294,424,987 1,451,972,973 1,570,731,564 1,414,593,098 1,551,458,386
Cash and Cash Equivalents* 5,389,883 7,176,686 8,843,708 9,351,579 11,584,168
Interest Receivable: Loans & Sales 11,512 3,543 768 0 0
Surface Rent Receivable 1,873,270 1,980,324 2,174,340 2,694,180 2,819,901
Reserve for Uncollectables (603,339) (603,339) (603,339) (603,339) .(603,339)
Total Revenue Funds 6,671,326 8,557,214 10,415,477 11,442,420 13,800,730
Total Assets $1,301,096,313 $1,460,530,187 $1,581,147,041 $1,426,035,518 $1,565,259,116
LIABILITIES AND TRUST RESERVE:
Unearned Rent Revenue o o o 378,112
378,112
370,840
Total Liabilities o o o 370,840
Permanent Trust 1,255,752,264 1,412,817,489 1,530,536,595 1,371,378,989 1,508,041,591
Billed and Uncollected 1,281,443 1,380,528 1,571,770 2,090,841 2,216,562
Collected and Undistributed 5,389,883 7,176,686 8,843,708 9,351,579 11,584,168
Gain on Sale: Grant Land 33,528,878 34,011,639 34,953,556 37,594,586 37,804,544
Foreclosed Land 5,143,845 5,143,845 5,241,412 5,241,411 5,241,411
Total Trust Reserve 1,301,096,313 1,460,530,187 1,581,147,041 1,425,657,406 1,564,888,276
Total Liabilities & Trust Reserve $1,301,096,313 $1,460,530,187 $1,581,147,041 $1,426,035,518 $1,565,259,116
* Includes funds invested at the State Treasurer's Office and at the Custodial Bank.
Object Description
| Okla State Agency |
Land Office, Oklahoma Commissioners of the |
| Okla Agency Code | '410' |
| Title | Legislative financial report |
| Authors | Oklahoma. Commissioners of the Land Office. |
| Publisher | Oklahoma Commissioners of the Land Office |
| Publication Date | 2011 |
| Publication type | Financial Report |
| Serial holdings | Electronic holdings begin with 2011 |
| Subject |
School lands--Oklahoma--Periodicals. Oklahoma School Land Trust--Periodicals. Public lands--Oklahoma--Periodicals. Oklahoma. Commissioners of the Land Office--Periodicals. |
| Purpose | the role of the Land Office through the history of Oklahoma has been and continues to be to care for the trust so it will be an asset for the future. |
| Contents | Based on 2011 issue: History; Educational Trusts and Beneficiaries; Common School Distribution FY; University and College Distributions; [financial statement, unaudited] |
| OkDocs Class# | L700.3 L514f |
| Digital Format | PDF, Adobe Reader required |
| ODL electronic copy | Deposited by agency in print; scanned by Oklahoma Department of Libraries 6/2011 |
| Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
| Language | English |
| Date created | 2011-06-23 |
| Date modified | 2012-10-31 |
| OCLC number | 746493874 |
Description
| Title | Legislative Financial Report 2011 |
| OkDocs Class# | L700.3 L514f 2011 |
| Digital Format | PDF, Adobe Reader required |
| ODL electronic copy | Deposited by agency in print; scanned by Oklahoma Department of Libraries 6/2011 |
| Rights and Permissions | This Oklahoma state government publication is provided for educational purposes under U.S. copyright law. Other usage requires permission of copyright holders. |
| Language | English |
| Full text | L 700.3 L514f 2011 e.1 LEGISLATIVE FINANCIAL REPORT 2011 HISTORY The Organic Act of 1890 reserved Sections 16 and 36 of each township in Oklahoma Territory for the benefit of public schools. The goal of Congress was to provide continued funding for public education. The federal government had no title to the eastern half of the state which at the time was called Indian Territory. In lieu of land, the government granted the state 5 million dollars. Four year colleges and uni-versities were also provided of in the Enabling Act created by the Oklahoma Constitution. Section 13 of each township was set aside for support of higher education. Article Two, Section Eleven of the Oklahoma Constitution says the "principal shall be deemed a trust fund held by the state, and shall ever remain inviolate. It may be increase, but shall never be dimin-ished". It is a trust the Oklahoma Supreme Court would later call a "sacred trust." Oil, natural gas, sand, gravel, wheat fields and pastures which encompass the holdings of the Land Of-fice stretch north, south, east and west and show the changing terrain of this great state. The role of the Land Office through the history of Oklahoma has been and continues to be to care for the trust so it will be an asset for the future. Educational Trusts and Beneficiaries Income Educational Trust Fund Beneficiary Location Allocation 1. Common School Fund (CS) K-12 public schools Statewide 100% 2. Educational Institution Fund (EI) University of Oklahoma Norman, OK 90% of 1/3 Oklahoma State University Stillwater, OK 90% of 1/3 Northern Oklahoma College Tonkawa, OK 10% of 1/3 Langston University Langston, OK 10% of 1/3 Southeastern OSU Durant, OK 1/9 of 1/3 University of Central Oklahoma Edmond, OK 1/9 of 1/3 East Central University Ada, OK 1/9 of 1/3 Northeastern State University Tahlequah, OK 1/9 of 1/3 Northwestern OSU Alva, OK 1/9 of 1/3 Southwestern OSU Weatherford, OK 1/9 of 1/3 Cameron University Lawton, OK 1/9 of 1/3 Oklahoma Panhandle State Univ, Goodwell, OK 1/9 of 1/3 University of Science & Arts of OK Chickasha, OK 1/9 of 1/3 3. University of Oklahoma (UV) University of Oklahoma Norman, OK 100% 4. Oklahoma State University (OS) Oklahoma State University Stillwater, OK 100% 5. Northern Oklahoma College (UP) Northern Oklahoma College Tonkawa, OK 100% 6. Langston University (LU) Langston University Langston, OK 100% 7. Normal Schools (NS) Southeastern OSU Durant, OK 1/9th University of Central Oklahoma Edmond, OK 1/9th East Central OSU Ada, OK 1/9th Northeastern OSU Tahlequah, OK 1/9th Northwestern OSU Alva, OK 1/9th Southwestern OSU Weatherford, OK 1/9th Cameron University Lawton, OK 1/9th Oklahorna Panhandle State Univ. Goodwell, OK 1/9th University of Science & Arts of OK Chickasha, OK 1/9th COMMON SCHOOL DISTRIBUTION FY-2010 DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT Achille 53,885 Bray-Doyle 59,969 Copan 36,978 Ada 341,914 Bridge Creek 170,252 Cordell 98,611 Adair 130,775 Briggs 63,145 Cottonwood 29,731 Afton 59,249 Bristow 213,897 Covington- 36,557 Agra 52,885 Broken Arrow 2,102,004 Coweta 426,197 Albion 14,811 Broken Bow 224,251 Coyle 49,221 Alex 48,302 Brushy 38,961 Crescent 82,233 Aline-Cleo 19,610 Buffalo 35,948 Crooked Oak 133,721 Allen 55,578 Buffalo Valley 24,285 Crowder 59,838 Allen-Bowden 43,371 Burlington 19,457 Crutcho 32,878 Altus 514,936 Bums Flat-Dill City 86,765 Cushing 231,270 Alva 116,539 Butner 29,168 Cyril 44,216 Amber-Pocasset 59,939 Byars 7,388 Dahlonegah 16,423 Anadarko 235,873 Byng 226,133 Dale 96,482 Anderson 39,478 Cache 208,264 Darlington 30,476 Antlers 134,272 Caddo 58,436 Davenport 48,298 Arapaho 43,325 Calera 80,776 Davidson 14,923 Ardmore 390,731 Calumet 37,507 Davis 122,659 Arkoma 43,851 Calvin 22,088 Deer Creek 443,414 Arnett 21,960 Cameron 51,052 Deer Creek- 27,287 Asher 29,239 Canadian 55,351 Denison 37,641 Atoka 122,721 Caney 33,388 Depew 46,649 Avant 12,166 Caney Valley 95,921 Dewar 61,956 Balko 16,798 Canton 46,823 Dewey 155,370 Banner 27,389 Canute 49,277 Dibble 91,689 Barnsdall 57,422 Carnegie 79,483 Dickson 161,370 Bartlesville 770,589 Carney 28,098 Dover 32,143 Battiest 31,762 Cashion 66,049 Drummond 45,110 Bearden 14,097 Catoosa 282,212 Drumright 82,717 Beaver 52,310 Cave Springs 22,869 Duke 23,772 Beggs 158,949 Cement 37,083 Duncan 482,741 Belfonte 14,568 Central 69,904 Durant 429,002 Bell 11,567 Central High 55,687 Dustin 16,380 Bennington 33,326 Chandler 150,277 Eagletown 28,850 Berryhill 161,501 Chattanooga 36,725 Earlsboro 30,532 Bethany 204,810 Checotah 190,339 Edmond 2,649,542 Bethel 178,017 Chelsea 123,306 EI Reno 314,420 Big Pasture 31,118 Cherokee 37,820 Eldorado 15,196 Billings 13,066 Cheyenne 38,834 Elgin 205,144 Binger-Oney 42,377 Chickasha 328,323 Elk City 289,658 Bishop 50,469 Chisholm 115,785 Elmore City 68,488 Bixby 604,890 Choctaw/Nicoma 634,268 Empire 67,655 Park Blackwell 198,598 Chouteau-Mazie 117,984 Enid 839,325 Blair 36,025 Cimarron 36,183 Erick 32,996 Blanchard 210,791 Claremore 535,566 Eufaula 165,872 Bluejacket 26,691 Clayton 39,419 Fairland 70,224 Boise City 37,211 Cleora 16,002 Fairview 85,770 Bokoshe 30,154 Cleveland 229,002 Fanshawe 10,433 Boley 3,905 Clinton 273,935 Fargo 28,979 Boone-Apache 75,459 Coalgate 99,773 Farris 9,897 Boswell 44,640 Colbert 106,200 Felt 8,113 Bowlegs 41,467 Colcord 85,677 Fletcher 66,874 Bowring 10,472 Coleman 26,660 Flower Mound 42,111 Boynton 13,295 Collinsville 328,230 Forest Grove 12,290 Braggs 29,099 Comanche 148,093 Forgan 23,317 Braman 12,799 Commerce 116,929 Fort Cobb-Broxton 43,343 DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT Fort Supply 19,424 Idabel 185,242 Mc Cord 28,971 Fox 43,821 Indiahoma 41,163 Mc Curtain 32,762 Foyil 93,582 Indianola 38,102 Mc Loud 234,734 Frederick 113,752 Inola 164,439 Medford 31,882 Freedom 17,180 Jay 225,787 Meeker 112,783 Friend 26,734 Jenks 1,310,774 Merritt 71,836 Frink-Chambers 54,930 Jennings 21,269 Miami 334,321 Frontier 46,430 Jones 144,750 Middleberg 24,860 Ft Gibson 245,170 Justice 23,944 Midway 29,869 FtTowson 52,874 Justus- Tiawah 75,274 Midwest City/Del City 1,866,865 Gage 14,332 Kansas 123,113 Milburn 26,755 Gans 54,319 Kellyville 154,939 Milfay 7,302 Garber 46,547 Kenwood 15,023 Mill Creek 21,082 Geary 52,760 Keota 55,428 Millwood 130,618 Geronimo 43,709 Ketchum 87,019 Minco 71,013 Glencoe 42,151 Keyes 10,595 Moffett 47,909 Glenpool 306,361 Keys 122,014 Monroe 14,561 Glover 13,523 Keystone 54,842 Moore 2,778,516 Goodland 7,292 Kiefer 54,951 Mooreland 67,184 Goodwell 27,051 Kildare 9,060 Morris 132,892 Gore 75,035 Kingfisher 159,518 Morrison 70,284 Gracemont 23,455 Kingston 137,370 Moseley 40,565 Graham 23,573 Kinta 25,166 Moss 34,016 Grand View 48,060 Kiowa 37,626 Mounds 84,600 Grandfield 33,399 Konawa 92,312 Mountain View-Gotebo 30,447 Grandview 21,199 Krebs 49,119 Moyers 20,437 Granite 33,067 Kremlin-Hillsdale 36,403 Muldrow 227,532 Grant 17,466 Lane 27,187 Mulhall-Orlando 28,668 Greasy 11,711 Latta 96,558 Muskogee 818,614 Greenville 13,717 Laverne 60,259 Mustang 1,085,297 Grove (Delaware) 319,580 Lawton 2,086,936 N Rock Creek 69,541 Grove (Pottawatomie) 47,494 Le Flore 27,538 Nashoba 7,990 Guthrie 421,135 Leach 18,054 Navajo 65,342 Guymon 332,654 Leedey 24,641 New Lima 37,396 Gypsy 16,615 Lexington 139,762 Newcastle 205,943 Haileyville 61,052 Liberty (Sequoyah) 37,830 Newkirk 94,237 Hammon 32,439 Liberty (Tulsa) 76,872 Ninnekah 60,124 Hanna 11,412 Lindsay 150,737 Noble 373,611 Hardesty 12,811 Little Axe 156,300 Norman 1,820,289 Harmony 30,477 Locust Grove 203,114 Norwood 24,161 Harrah 297,638 Lomega 27,679 Nowata 143,799 Hartshorne 104,431 Lone Grove 197,547 Oak Grove 23,124 Haskell 120,231 Lone Star 110,030 Oakdale 69,210 Haworth 75,268 Lone Wolf 14,708 Oaks Mission 36,716 Haywood 14,690 Lookeba Sickles 31,262 Oilton 41,407 Healdton 73,488 Lowrey 19,654 Okarche 38,162 Heavener 134,822 Lukfata 41,320 Okay 63,557 Hennessey 106,581 Luther 106,624 Okeene 45,245 Henryetta 170,005 Macomb 46,086 Okemah 117,545 Hilldale 240,588 Madill 226,612 Oklahoma City 5,212,489 Hinton 88,824 Mangum 91,432 Oklahoma Union 89,970 Hobart 106,552 Mannford 192,406 Okmulgee 222,299 Hodgen 39,765 Mannsville 11,649 Oktaha 90,938 Holdenville 145,255 Maple 20,948 Olive 51,411 Hollis 70,501 Marble City 18,351 Olustee 22,485 Holly Creek 26,698 Marietta 120,043 Oologah-Talala 246,040 Hominy 83,868 Marlow 168,131 Optima 9,878 Hooker 73,171 Maryetta 82,431 Osage 35,628 Howe 60,364 Mason 29,314 Osage Hills 25,787 Hugo 164,044 Maud 42,509 Owasso 1,139,973 Hulbert 79,993 Maysville 51,680 Paden 30,573 Hydro-Eakly 60,587 Mc Alester 369,778 Panama 98,896 DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT DISTRICT NAME AMOUNT Panola 37,262 Sentinel 44,502 Varnum 36,492 Paoli 33,126 Sequoyah 184,976 Velma-Alma 56,988 Pauls Valley 175,233 Shady Grove 22,295 Verden 37,706 Pawhuska 113,427 Shady Point 16,529 Verdigris 162,321 Pawnee 96,064 Sharon-Mutual 38,153 Vian 139,213 Peavine 23,120 Shattuck 40,134 Vici 43,436 Peckham 9,754 Shawnee 507,511 Vinita 211,732 Peggs 30,649 Shidler 38,285 Wagoner 312,468 Perkins-Tryon 178,091 Silo 91,833 Wainwright 16,138 Perry 149,922 Skelly 10,303 Wakita 11,027 Pickett-Center 14,044 Skiatook 322,869 Walters 95,463 Piedmont 332,484 Smithville 37,033 Wanette 28,895 Pioneer 43,658 Snyder 67,877 Wapanucka 31,646 Pioneer-Pleasant 76,985 Soper 49,538 Warner 90,816 Pittsburg 42,004 Spavinaw 14,854 Washington 118,464 Plainview (Carter) 185,286 Sperry 166,796 Washita Heights 11,784 Plainview (Cimarron) 1,273 Spiro 157,902 Watonga 101,723 Pleasant Grove (Pott Cty) 31,026 Springer 30,801 Watson 5,312 Pleasant Grove Elemen- 13,133 Sterling 54,552 Watts 51,211 tary Pocola 112,468 Stidham 11,074 Waukomis 44,739 Ponca City 649,862 Stigler 172,578 Waurika 56,444 Pond Creek-Hunter 40,236 Stillwater 713,559 Wayne 62,289 Porter Consolidated 68,598 Stilwell 180,461 Waynoka 30,427 Porum 68,926 Stonewall 53,703 Weatherford 236,420 Poteau 291,866 Straight 7,728 Webbers Falls 34,080 Prague 140,619 Stratford 77,176 Welch 51,688 Preston 78,178 Stringtown 21,588 Weleetka 55,367 Pretty Water 30,645 Strother 47,314 Wellston 87,552 Prue 41,980 Stroud 114,563 Western Hgts 433,171 Pryor 321,850 Stuart 37,470 Westville 144,712 Purcell 187,117 Sulphur 179,022 Wetumka 55,620 Putnam City 2,379,229 Sweetwater 10,901 Wewoka 91,050 Quapaw 89,248 Swink 9,664 White Oak 16,646 Quinton 70,312 Tahlequah 449,448 White Rock 16,391 Rattan 67,463 Talihina 89,197 Whitebead 54,799 Ravia 11,714 Taloga 9,024 Whitefield 14,313 Red Oak 28,480 Tannehill 26,221 Whitesboro 25,872 Reydon 15,867 Tecumseh 293,315 Wickliffe 18,919 Ringling 59,674 Temple 31,405 Wilburton 135,392 Ringwood 50,948 Tenkiller 40,214 Wilson (Carter) 67,223 Ripley 60,485 Terral 9,326 Wilson (Okmulgee) 37,197 Riverside 19,933 Texhoma 34,142 Wister 76,686 Robin Hill 25,488 Thackerville 40,104 Woodall 70,250 Rock Creek 65,663 Thomas-Fay-Custer Uni- 62,418 Woodland 58,341 fied Rocky Mountain 23,122 Timberlake 32,747 Woodward 351,844 Roff 41,316 Tipton 42,251 Wright City 62,544 Roland 163,907 Tishomingo 120,915 Wyandotte 98,627 Rush Springs 77,656 Tonkawa 104,857 Wynnewood 79,968 Ryal 11,737 Tulsa 5,203,700 Wynona 18,965 Ryan 31,106 Tupelo 34,625 Yale 70,709 . S Coffeyville 38,918 Turkey Ford 14,459 Yarbrough 15,157 S Rock Creek 41,839 Turner 38,608 Yukon 911,690 Salina 112,617 Turpin 55,348 Zaneis 33,105 Sallisaw 277,710 Tushka 60,759 Zion 46,206 Sand Springs 697,669 Tuskahoma 11,446 Sapulpa 550,091 Tuttle 220,150 Sasakwa 31,373 Twin Hills 40,025 Savanna 49,106 Tyrone 30,391 Sayre 93,621 Union 1,902,520 Total Distributions $83,212,998 Schulter 25,083 Union City 35,367 Seiling 55,041 Valliant 136,577 Seminole 215,666 Vanoss 68,623 Fiscal Year Ended June 30, 2010 Modified Cash Basis (Unaudited) 2006 2007 2008 ASSETS: ~ ~ ~ ~ -~- __ _ T _ _ _ " :_ " -: j, ~, y ~ :- r • Cash and Cash Equivalents' $38,467.374 $58.978.926 $74.286.796 $51.187.209 $75.207.393 Farm Loans and Sales 250.732 132.387 69.052 45.622 29.031 Investment in Bonds. at Par 745.720.812 888.045,410 964.956.660 1.142.249.285 1.184,453.544 Unamortized Premium on Bonds (Net) (41.274.720) (45.071.839) (57.726.859) (167.018.848) (124.763,494) Accrued Interest on Purchases 824.782 696.815 405.107 667.906 917.089 Investment in Equities. at Cost 539.393,196 538.040.178 582.538.694 381.169.968 409.306,623 Investment Properties 4.892.846 4.989.619 0 0 0 Investment in Capital Projects 517,271 528.923 603,077 692.946 709.232 Grant Land at $1.00 Per Acre 693.214 693.074 692,871 692.844 692.802 Foreclosed Land at $1.00 Per Acre 51.078 51.078 50.958 50.958 50.958 Foreclosed Land, at Cost 4.888,402 4.888,402 4,855.208 4.855.208 4.855.208 Total Permanent Funds 1.294,424.987 1,451.972.973 1.570,731.564 1,414,593.098 1.551,458.386 Cash and Cash Equivalents' 5.389.883 7,176.686 8.843,708 9.351.579 11.584.168 Interest Receivable: Loans & Sales 11.512 3.543 768 0 0 Surface Rent Receivable 1.873.270 1.980.324 2.174.340 2.694,180 2.819.901 Reserve for Uncollectables (603,339) (603.339) (603,339) (603.339) (603.339) Total Revenue Funds 6.671.326 8,557.214 10,415,477 11,442,420 13.800,730 Total Assets $1.301.096.313 $1,460.530.187 $1.581,147.041 $1,426.035.518 $1.565.259.116 Permanent Trust 1.255.752,264 1,412,817,489 1.530,536.595 1.371.378.989 1.508.041,591 Billed and Uncollected 1.281,443 1,380.528 1.571.770 2.090.841 2.216.562 Collected and Undistributed 5,389,883 7.176.686 8.843.708 9.351.579 11.584,168 Gain on Sale: Grant Land 33,528,878 34,011,639 34.953,556 37,594,586 37,804,544 Foreclosed Land 5,143,845 5,143.845 5,241,412 5.241,411 5,241,411 Total Trust Reserve 1.301,096,313 1,460,530.187 1,581,147.041 1,425.657,406 1,564,888,276 Total Liabilities & Trust Reserve $1.301.096,313 $1,460.530.187 $1.581.147.041 $1,426,035.518 $1.565,259.116 • Includes funds invested at the State Treasurer's Office and at the Custodial Bank. Fiscal Year Ended June 30,2010 Modified Cash Basis (Unaudited) 2006 2007 2008 ASSETS: .. ~ .. "" ~ . . ; . '. , - Cash and Cash Equivalents* $38,467,374 $58,978,926 $74,286,796 $51,187,209 $75,207,393 Farm Loans and Sales 250,732 132,387 69,052 45,622 29,031 Investment in Bonds, at Par 745,720,812 888,045,410 964,956,660 1,142,249,285 1,184,453,544 Unamortized Premium on Bonds (Net) (41,274,720) (45,071,839) (57,726,859) (167,018,848) (124,763,494) Accrued Interest on Purchases 824,782 696,815 405,107 667,906 917,089 Investment in Equities, at Cost 539,393,196 538,040,178 582,538,694 381,169,968 409,306,623 Investment Properties 4,892,846 4,989,619 0 0 0 Investment in Capital Projects 517,271 528,923 603,077 692,946 709,232 Grant Land at $1.00 Per Acre 693,214 693,074 692,871 692,844 692,802 Foreclosed Land at $1.00 Per Acre 51,078 51,078 50,958 50,958 50,958 Foreclosed Land, at Cost 4,888,402 4,888,402 4,855,208 4,855,208 4,855,208 Total Permanent Funds 1,294,424,987 1,451,972,973 1,570,731,564 1,414,593,098 1,551,458,386 Cash and Cash Equivalents* 5,389,883 7,176,686 8,843,708 9,351,579 11,584,168 Interest Receivable: Loans & Sales 11,512 3,543 768 0 0 Surface Rent Receivable 1,873,270 1,980,324 2,174,340 2,694,180 2,819,901 Reserve for Uncollectables (603,339) (603,339) (603,339) (603,339) .(603,339) Total Revenue Funds 6,671,326 8,557,214 10,415,477 11,442,420 13,800,730 Total Assets $1,301,096,313 $1,460,530,187 $1,581,147,041 $1,426,035,518 $1,565,259,116 LIABILITIES AND TRUST RESERVE: Unearned Rent Revenue o o o 378,112 378,112 370,840 Total Liabilities o o o 370,840 Permanent Trust 1,255,752,264 1,412,817,489 1,530,536,595 1,371,378,989 1,508,041,591 Billed and Uncollected 1,281,443 1,380,528 1,571,770 2,090,841 2,216,562 Collected and Undistributed 5,389,883 7,176,686 8,843,708 9,351,579 11,584,168 Gain on Sale: Grant Land 33,528,878 34,011,639 34,953,556 37,594,586 37,804,544 Foreclosed Land 5,143,845 5,143,845 5,241,412 5,241,411 5,241,411 Total Trust Reserve 1,301,096,313 1,460,530,187 1,581,147,041 1,425,657,406 1,564,888,276 Total Liabilities & Trust Reserve $1,301,096,313 $1,460,530,187 $1,581,147,041 $1,426,035,518 $1,565,259,116 * Includes funds invested at the State Treasurer's Office and at the Custodial Bank. |
| Date created | 2011-06-23 |
| Date modified | 2011-06-23 |