ACCOUNTS FOR THE ESTATE
OF
SAMPLE
FOR THE PERIOD
FROM
NOVEMBER 23, 1998
TO
OCTOBER 18, 2002
SAMPLE ESTATE
INDEX
PAGE
NUMBER
List of Original Assets as at November 23, 1998
1
Reconciliation
2
Capital Receipts
3
Capital Disbursements
4-5
Revenue Receipts
6-7
Revenue Disbursements
List of
Unrealized Original Assets
Investment Account
8
9
10-12
Statement of Investments on Hand
13
Statement of Compensation
14
List of Liabilities
15
Statement of Distribution
16
Scotia McLeod Portfolio Summary
17-22
Estate Account sample.xls
Index
SAMPLE ESTATE
LIST OF ORIGINAL ASSETS
AS AT NOVEMBER 23, 1998 (DATE OF DEATH)
HOW
DISPOSED
(See Cap. Rec. #)
ASSET
VALUE
TYPE
BANK ACCOUNTS and FUNDS ON DEPOSIT
Royal Ban of Canada
4,461.48
7
Royal Bank of Canada
173.11
6
1,559.03
2
68,523.00
8
Certificate of Deposit
MISCELLANEOUS
Balance of
Life Interest (Robert Lome Doe Estate)
INVESTMENT PORTFOLIO
8,294,528.43 1, 3, 4, 5, 9, 10,
Scotia McLeod
11,15,16
TOTAL ASSETS
$
8,369,245.05
Estate Account sample.xls
Original Assets
Page 1
SAMPLE ESTATE
RECONCILIATION
Capital Receipts
$
9,958,443.92
Capital Disbursements
$
8,751,928.92
$
1,206,515.00
Balance
$
488,838.13
Total Credit Balance
$
1,695,353.13
Amount Invested
$
1,689,194.07
Balance After Investments
Amount in Bank
Difference
$
6,159.06
6,159.06
0.00
Balance
Revenue Receipts
$
488,877.21
Revenue Disbursements
$
39.08
$
$
Estate Account sample.xls
Reconcilation
Page 2
SAMPLE ESTATE
CAPITAL RECEIPTS
Item
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
Description
Date
121,000.00
15-Mar-99 ScotiaMcLeod Inc. Received Estate fees payable to Minister of
Finance
10-May-99 First Union National Bank of Canada
01-Joo-99 Value of investments transferred "in specie" to four charities see CD Items No. 11, 12, 13, 14
II-Jun-99 Cash received from ScotiaMcLeod Inc. representing cash on
hand and from sale of some securities
18-Jun-99 Cash received from ScotiaMcLeod Inc. representing cash on
hand and from sale of some securities
07-Jul-99 Royal Bank of Canada
07-Jul-99 Royal Bank of Canada
14-Jul-99 Canada Trust -balance of life interest - Estate of Herbert Lome
Sheppard
06-Aug-99 Cash received from ScotiaMcLeod Inc. representing cash on
hand and from sale of some securities
17-Aug-99 Cash received from ScotiaMcLeod Inc. representing cash on
hand and from sale of some securities
04-Nov-99 ScotiaMcLeod Inc. Cash received from, representing cash on
hand and from sale of some securities
09-Nov-99 Receiver General for Canada - Refund for Revenue Canada re
Taxation Refund
06-Dec-99 Mount Pleasant Group of Cemeteries
06-Dec-99 Revenue Canada re Taxation Refund
18-Feb-00 ScotiaMcLeod Inc. Cash received from, representing cash on
hand and from sale of some securities
20-Aug-02 Capital of account received from Scotia McLeod (819,260.66 less dividends and interest earned -- see revenue receipts)
Total Receipts
1,559.03
6,218,021.10
2,021,151.69
250,000.00
173.11
4,461.48
68,523.00
271,855.64
12,000.00
21,793.46
1,515.34
148.12
459,281.91
22,880.76
484,079.28
$
9,958,443.92
Estate Account sample.xls
Cap. Rec.
Page
3
SAMPLE ESTATE
CAPITAL DISBURSEMENTS
Item
No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
Amount
Description
Date
22-Mar-99 Estate fees - Cheque made payable to Minister of
Finance by
$
ScotiaMcLeod
18-Jun-99 Beneficiary #1 - Bequest (Chq 005)
21-Jun-99 Toronto Kiwanis - Bequest (certified cheque)
21-Jun-99 Beneficiar #2 - Bequest (Chq 009)
29-Joo-99 Beneficiary #3 - Bequest (Chq 101)
29-Jun-99 Beneficiary #4 - Bequest (Chq 006)
29-Jun-99 Beneficiar #5 - Bequest (Chq 008)
I-Joo-99 Bequest of Capital Properties to the Canadian Mental Heath
Association (As of April 30, 1999) (from ScotiaMcLeod Account)
I-Jun-99 Bequest of Capital Properties to the Salvation Army (As of April
I-Jun-99
30, 1999) (from ScotiaMcLeod Account)
Bequest of Capital Properties to the Canadian Cancer Society (As
of April 30, 1999) (from ScotiaMcLeod Account)
I-Jun-99 Bequest of Capital Properties to the Canadian National Institute for
the Blind (As of April 30, 1999) (from ScotiaMcLeod Account)
5-Jul-99 Beneficiary #6 - (Chq 004)
6-Jul-99 Legal Fees (Chq 001)
9-Jul-99 Beneficiar #7 - Bequest (Chq 102)
8-Jul-99 Beneficiary #8 - Bequest (Chq 007)
9-Jul-99 Beneficiary #9 - Bequest (Chq 002)
13-Jul-99 Beneficiary # 1 0 - Bequest (Chq 104)
19-Jul-99 Beneficiary #11 - Bequest (Chq 003)
27-Jul-99 Beneficiary #12 - Bequest (Chq 103)
28-Jul-99 Beneficiary #13 - (Chq 107)
4-Aug-99 Beneficiary #14 - (Chq 106)
4-Aug-99 Beneficiary #15 - Bequest (Chq 105)
24-Aug-99 Beneficiary #16 - (Chq 10)
9-Nov-99 Receiver General - retum of Old Age Supplement payment
121,000.00
25,000.00
1,000,000.00
10,000.00
10,000.00
25,000.00
10,000.00
1,554,505.28
1,554,505.28
1,554,505.28
1,554,505.26
50,000.00
485.99
10,000.00
20,000.00
50,000.00
10,000.00
50,000.00
10,000.00
5,000.00
5,000.00
5,000.00
10,000.00
410.82
(Received in December 1998) (Chq 110)
25
26
27
28
10-Dec-99 KPMG - accounting fee (Chq 111)
29-Dec-99 KPMG - accounting fee (Chq 112)
21-Jul-00 KPMG - accounting fee (Chq 114)
27-Jul-00 Kiwanis - bequest (chq#I13)
1,284.00
11,770.00
5,457.00
1,000,000.00
Estate Account sample.xls
Cap. Disb.
Page
4
SAMPLE ESTATE
CAPITAL DISBURSEMENTS
N
~ Date Description
Item
29 17-0ct-00 Canadian Mental Health Association (Chq 116)
30 18-0ct-00 Salvation Ary (Chq 120)
31 19-0ct-00 Canadian Cancer Society (Chq 115)
32 31-0ct-00 Canadian National Institute for the Blind (Chq 117)
1 KPMG - accounting fee (Chq 118)
33 1
O-Jan-O
34 21-Nov-Ol KPMG - accounting fee (Chq 119)
Total Disbursements
Amount
19,985.01
19,985.00
19,985.00
19,985.00
7,490.00
1,070.00
$ 8,751,928.92
Estate Account sample.xls
Cap. Disb.
PageS
SAMPLE ESTATE
REVENUE RECEIPTS
#
Item
1
2
3
4
5
6
7
31-May-99
30-Joo-99
30-Jul-99
31-Aug-99
30-Sep-99
17
18
31-0ct-00
19
30-Nov-00
29-Dec-00
31-Jan-Ol
28-Feb-Ol
30-Mar-Ol
30-Apr-Ol
31-May-Ol
29-Jun-Ol
30-Jul-Ol
31-Aug-Ol
28-Sep-Ol
31-0ct-Ol
30-Nov-Ol
31-Dec-Ol
31-Jan-02
28-Feb-02
9
10
11
12
13
14
15
16
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
The Toronto Dominion Ban- interest
TD Ban - interest
TD Bank - interest
TD Bank - interest
TD Ban - interest
29-0ct-99 TD Ban - interest
30-Nov-99
31-Dec-99
31-Jan-00
29-Feb-00
31-Mar-00
28-Apr-00
31-May-00
30-Jun-00
31-Jul-00
31-Aug-00
29-Sep-00
8
Description
Date
TD Bank - interest
TD Ban - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Ban - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Ban - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Ban - interest
Amount
0.05
39.43
24.68
28.78
23.48
24.26
26.00
21.58
10.26
4.16
4.25
4.11
4.25
4.11
20.52
3.79
3.67
3.57
0.62
0.20
0.49
0.55
0.27
0.26
0.27
0.26
0.27
0.27
0.26
0.27
0.23
0.18
0.18
0.16
Estate Account sample.xls
Rev. Rec.
Page 6
SAMPLE ESTATE
REVENUE RECEIPTS
#
Item
35
36
37
38
39
40
41
42
43
44
45
46
47
28-Mar-02
30-Apr-02
31-May-02
28-Jun-02
31-Jul-02
30-Aug-02
20-Aug-02
20-Aug-02
08/30102
09/30102
10/18/02
Amount
Description
Date
0.18
0.17
0.18
0.17
0.18
2.42
193,747.00
141,434.38
147,453.70
0.17
45.17
2,327.35
3,610.45
TD Bank - interest
TD Bank - interest
TD Bank - interest
TD Ban - interest
TD Bank - interest
TD Bank - interest
Interest Eamed on ScotiaMcLeod Investment
Dividends Eamed on ScotiaMcLeod Investment
Interest Eamed on TD Asset Management
TD Ban - interest
Received from Scotia McLeod - August interest
30-Aug-02 Interest Eared on TD Asset Management
30-Sep-02 Interest Eamed on TD Asset Management
Total Revenue Receipts
$
488,877.21
""-'t
Estate Account sample.xls
Rev. Rec.
Page
7
SAMPLE ESTATE
REVENUE DISBURSEMENTS
No.
Item
1
2
Description
Date
17-May-99
17-May-99
Amount
19.54
19.54
Cheque charges
Cheque charges
Total Revenue Disbursements
$39.08
Estate Account sample.xls
Rev. Disb.
Page
8
SAMPLE ESTATE
LIST OF UNREALIZED ORIGINAL ASSETS
as at August 20, 2002 (End of Accounting Period)
NONE
$
Total
$
Estate Account sample.xls
Unrealized
Page
9
SAMPLE ESTATE
INVESTMENT ACCOUNT
No.
1
Description
Date
II-Jun-99 Purchase TD Asset Management Inc. Money
Market
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
$
800,000.00
200,000.00
3,467.69
150,000.00
3,376.61
271,855.64
12,000.00
4,276.83
4,285.64
4,205.07
4,738.36
200,000.00
250,000.00
50,000.00
Fund
31-Dec-99 Interest Reinvestment
20-Jan-00 Purchase TD Asset Management Inc. Money
Market Fund
31-Jan-00 Interest Reinvestment
18-Feb-00 Purchase TD Asset Management Inc. Money
Market
2,000,000.00
Fund
17-Aug-99 Purchase TD Asset Management Inc. Money
Market Fund
31-Aug-99 Interest Reinvestment
30-Sep-99 Interest Reinvestment
29-0ct-99 Interest Reinvestment
30-Nov-99 Interest Reinvestment
07-Dec-99 Purchase TD Asset Management Inc. Money
Market Fund
07-Dec-99 Purchase TD Asset Management Inc. Money
Market Fund
07-Dec-99 Purchase TD Asset Management Inc. Money
Market
$
Fund
18-Jun-99 Parial redemption TD Asset Management Inc.
Money Market Fund
29-Jun-99 Partial redemption TD Asset Management Inc.
Money Market Fund
30-Jun-99 Interest Reinvestment
12-Jul-99 Partial redemption TD Asset Management Inc.
Money Market Fund
30-Jul-99 Interest Reinvestment
06-Aug-99 Purchase TD Asset Management Inc. Money
Market
Investment
Redeemed
Investment
Purchased
Item
6,245.28
109,805.51
6,970.11
22,880.76
Fund
29-Feb-00 Interest Reinvestment
31-Mar-00 Interest Reinvestment
28-Apr-00 Interest Reinvestment
31-May-00 Interest Reinvestment
6,850.72
7,529.37
6,961.93
8,555.69
Estate Account sample.xls
Investment
Page 10
SAMPLE ESTATE
Item
No.
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
Date
Description
30-Jun-02 Interest Reinvestment
20-Jul-00 Partial redemption TD Asset Management Inc.
Money Market Fund
20-Jul-00 Parial redemption TD Asset Management Inc.
Money Market Fund
31-Jul-00 Interest Reinvestment
31-Aug-00 Interest Reinvestment
29-Sep-00 Interest Reinvestment
13-0ct-00 Partial redemption TD Asset Management Inc.
Money Market Fund
31-0ct-00 Interest Reinvestment
30-Nov-00 Interest Reinvestment
29-Dec-00 Interest Reinvestment
09-Jan-Ol Partial redemption TD Asset Management Inc.
Money Market Fund
31-Jan-Ol Interest Reinvestment
28-Feb-Ol Interest Reinvestment
30-Mar-Ol Interest Reinvestment
30-Apr-Ol Interest Reinvestment
31-May-Ol Interest Reinvestment
29-Jun-Ol Interest Reinvestment
Interest Reinvestment
31-Jul-0 1
31-Aug-Ol Interest Reinvestment
28-Sep-Ol Interest Reinvestment
31-0ct-Ol Interest Reinvestment
30-Nov-Ol Interest Reinvestment
31-Dec-Ol Interest Reinvestment
31-Jan-02 Interest Reinvestment
28-Feb-02 Interest Reinvestment
31-Mar-02 Interest Reinvestment
30-Apr-02 Interest Reinvestment
31-May-02 Interest Reinvestment
Investment
Purchased
Investment
Redeemed
8,183.52
500,000.00
500,000.00
6,944.06
3,949.85
3,716.26
40,000.00
4,012.22
3,713.30
3,599.30
10,000.00
4,037.90
3,328.79
3,367.87
3,277.12
3,147.05
2,871.88
3,107.83
2,872.98
2,468.49
2,653.06
1,995.27
1,743.28
1,448.22
1,434.59
1,447.17
1,656.47
1,622.20
Estate Account sample.xls
Investment
Page 11
SAMPLE ESTATE
Investment
Purchased
Item
No.
Description
Date
52 28-Jun-02 Interest Reinvestment
Investment
Redeemed
1,529.67
1,862.05
819,260.66
53 Jul-Aug-02 Interest Reinvestment
54 20-Aug-02 Purchase TD Asset Management Inc. Money
Fund
55 30-Aug-02 Interest Reinvestment
Market
2,327.35
3,610.45
56 30-Sep-02 Interest Reinvestment
Subtotal
$
3,889,194.07
$
1,689,194.07
Balance Invested
Totals
2,200,000.00
$
3,889,194.07
$
3,889,194.07
Estate Account sample.xls
Investment
Page 12
SAMPLE ESTATE
LIST OF ESTATE TRUSTEES INVESTMENTS ON HAND
AS AT AUGUST 20, 2002 (End of
Period)
TD Money Market Fund
$
1,689,194.07
Total
$
1,689,194.07
Estate Account sample.xls
E.T. Investment
Page 13
SAMPLE ESTATE
STATEMENT OF COMPENSATION
CAPITAL
Receipts
$
9,958,443.92
x2.5%
$
248,961.10
Disbursements
$
8,751,928.92
x2.5%
$
218,798.22
$
467,759.32
$
$
12,221.93
0.98
12,222.91
1,689,194.07 x 2.5% $
42,229.85
Total Capital Compensation
REVENUE
Receipts
Disbursements
$
$
488,877.21
39.08
Total Revenue Compensation
x2.5%
x2.5%
$
Compensation on Funds Not Yet Disbursed
Balance in account
(TD Asset Management)
$
CARE AND MANAGEMENT
Calculation of Average Annual Market Value
Original Assets
Assets at end of Accounting Period
Total
Average
$
Average Annual Market Value
$
x .4%
$
Number of
$
$
$
8,369,245.05
1,695,353.13
10,064,598.18
5,032,299.09
5,032,299.09
20,129.20
3.93
Years
$
79,107.74
Capital
Revenue
Funds not yet disbursed
Care and Management
$
467,759.32
$
$
12,222.91
42,229.85
79,107.74
Total Compensation Claimable
GST
$
601,319.82
$
42,092.39
Total Care and Management
Summary of Total Compensation
$
Estate Account sample.xls
Compensation
Page 14
SAMPLE ESTATE
TOTAL COMPENSATION + GST
$
643,412.21
Estate Account sample.xls
Compensation
Page 15
SAMPLE ESTATE
LIST OF LIABILITIES
AUGUST 15,2002
(end of accounting period)
DESCRIPTION
Legal Fees #1
AMOUNT
$
55,000.00
8,011.20
2,500.00
$
65,511.20
Legal Fees #2
Contingent Legals
TOTAL LIABILITIES
Estate Account sample.xls
Liabilties
Page 16
SAMPLE ESTATE
STATEMENT OF DISTRIBUTION
1,689,369.99
Value of Assets as at August 31, 2002
$
Holdback of funds - Liabilities
$
(65,511.20)
Executors' Compensation
$
(643,412.21 )
Total available for distribution:
$
980,446.58
$
$
245,111.65
245,111.65
$
245,111.65
$
245,111.65
980,446.58
SCHEME OF DISTRIBUTION
Name of Beneficiary
The Canadian Cancer Society (Ontario Division
the Salvation Army, in Canada
The Goveming Council of
The Canadian Mental Health Association
(Metropolitan Toronto Branch)
Canadian National Institute for the Blind
- Ontario Division
$
Estate Account sample.xls
Statement of Distribution
Page 17