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Application of Funds:
Schedule C expenditures 9,609
Freedom Savings Bank #3058417 2,367
Freedom Savings Bank CD #4006814 6,373
Gifts to Larry 1, 237,270
Gifts to Ronnie 152,672
Personal living expenses for 2 persons 120,561
Less: Housing costs 1$3,485
Vehicle acquisition costs 11,733 (5,218)
Total application of funds 123,634
Excess of applications over sources of funds $98,517
1Petitioners do not agree with the amounts reflected for
these items.
2Appendix C (Larry) shows $32,770. Respondent concedes that
the $37,270 is overstated by $4,500. See Appendix C (Larry) for
an explanation of the difference.
1985
Source of Funds:
Schedule C gross receipts $19,550
Social Security--Frank 2,574
Net process from sale of lot 24,757
Interest income 1,196
Freedom S&L #3058417 2,367
Freedom S&L CD #4006814 6,373
Total source of funds 56,817
Application of Funds:
Schedule C expenditures 11,009
Freedom Savings Bank #3058417 28,191
Freedom Savings Bank CD #4006814 7,191
Gifts to Larry 153,357
Gifts to Ronnie 130,834
Gifts to Sylvia 120,862
Personal living expenses for 2 persons 122,056
Less: Housing costs 1$3,873
Vehicle acquisition costs 11,833 (5,706)
Total application of funds 167,794
Excess of applications over sources of funds $110,977
1Petitioners do not agree with the amounts reflected for
these items.
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