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1Our revisions to Larry’s source and application of funds
analysis for this year indicates an excess application of funds
of $65,707. See Appendix L. Respondent’s Appendix 5 (Frank)
uses $39,723 for gifts to Larry for this year even though
respondent shows an excess application of funds for Larry on his
source and application of funds analysis for 1986 of $69,150.
See Appendices A and E. We use $39,723 for our revisions to
Frank and Katherine’s source and application of funds analysis
for 1986 because, on the basis of Joint Finding of Fact No. 4, we
deem the lower amount to be a concession by respondent that such
amount is the proper amount to use.
1987
Source of Funds:
Social Security--Frank $2,686
Social Security--Katherine 2,770
Interest income 1,040
Freedom S&L #3058417 4,534
Freedom S&L CD #4006814 8,113
Total source of funds 19,143
Application of Funds:
Freedom Savings Bank #3058417 4,545
Freedom Savings Bank CD #4006814 9,154
Gifts to Larry 78,370
Gifts to Ronnie 42,068
Gifts to Sylvia 10,264
Personal living expenses for 4 persons 20,045
Total application of funds 164,446
Excess of applications over sources of funds $145,303
1988
Source of Funds:
Social Security--Frank $2,793
Social Security--Katherine 3,670
Interest income 1,438
Freedom S&L #3058417 4,545
Freedom S&L CD #4006814 9,154
Trade in for Suburban 2,500
Total source of funds 24,100
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