Appendix III to Part 390—U.S. Department of Transportation, Maritime Administration—Sample Semiannual Report
[Illustrative sample of the report required by the Maritime Administration pursuant to 46 CFR part 390 prescribing the capital construction fund reporting requirements to be followed by those companies which are party to a capital construction fund agreement]
Exhibit A—XYZ Co., Summary of cash, securities, and stock on deposit and net accrued deposits to and accrued withdrawals from the capital construction fund as of june 30, 19____
Thousands
Cash (exhibit A-1 and B)
$1,025
Securities and stock—adjusted basis (exhibit A-2 and B)
2,560
Fund total for tax purposes on deposit (exhibit C)
3,585
Net accrued deposits and withdrawals (exhibit A-3)
450
Fund total (agrees with balance sheet submitted at this date) on deposit for book purposes—June 30, 19____
4,035
Portion of fund total for tax purposes as of June 30, 19____, which represents a “CCF: Security amount” pursuant to an agreement covering the dual use of a capital construction fund
Thousands
Balance brought forward
$403
Deposits
82
Total “CCF: Security Amount”
485
Exhibit A-1—XYZ Company
summary of cash on deposit in capital construction fund as of june 30, 19____
Thousands
First American Bank, San Francisco, Calif., checking account No. 654-0876-211
$1,025
Total cash in capital construction fund at June 30, 19____
1,025
Exhibit A-2—XYZ Co., Summary of Securities and Stock (Adjusted Basis and Fair Market Value) in Capital Construction Fund as of June 30, 19____(in Thousands)
Adjusted basis
Fair market value
Treasury notes—due July 4, 19____, $800,000 face value, 1st American Bank, San Francisco, Calif., trust account No. 610-2135
$760
$760
Negotiable certificate of deposit—due July 31, 19____, $500,000 at 8 percent, 1st American Bank, San Francisco, Calif., CD No. 186007
500
500
U.S.A. Motors, Inc.—class A common stock, 5,000 shares, Southern California National Bank, trust account No. 358-21
625
725
Energy Co., Inc.—1st preferred, 4,100 shares, Southern California National Bank, trust account No. 358-21
205
255
Boon Corp.—class A common stock, 10,000 shares, Southern California National Bank, San Francisco, Calif., trust account No. 358-21
470
520
Total securities and stock in capital construction fund at June 30, 19____
2,560
2,760
Exhibit A-3—XYZ Co., Summary of Net Accrued Deposits and Withdrawals in Capital Construction Fund as of June 19____
Thousands
Accrued deposits:
19____ income (6 mos. ended June 30, 19____)
$500
Depreciation
200
Total
700
Accrued withdrawals: Progress payment made from general fund—hull 210
250
Net accrued deposits and withdrawals in capital construction fund at June 30, 19____
450
Exhibit B—XYZ Co., Transcript of Transactions in the Capital Construction Fund for the 6 Mos. Ended June 30, 19____
Date
Description of transaction
Cash
Securities and stock (at adjusted basis)
Detail
Debit
Credit
Debit
Credit
Jan. 1, 19____
Balances brought forward
$1,500,000
$2,000,000
Jan. 1, 19____
Bond debt payment—SS Smith.
$250,000
Jan. 3, 19____
Deposit 19____ depreciation
300,000
Jan. 4, 19____
Purchased Treasury notes—90 days at 6-percent discount.
752,000
752,000
$800,000 at 6-percent discount.
Feb. 29, 19____
Dividends earned
4,500
$0.45 per share on 10,000 shares Boon Corp.
Mar. 15, 19____
Progress payment No. 3 hull 210.
172,500
Apr. 4, 19____
Sale of Treasury notes—cost
752,000
752,000
Income from sale
48,000
Apr. 4, 19____
Purchased Treasury notes 90 days at 5-percent discount
760,000
760,000
$800,000 at 5-percent discount.
Apr. 15, 19____
Deposit from 19____ earnings
310,000
May 15, 19____
Progress payment No. 4—hull 210.
180,000
June 15, 19____
Sale of stock—cost
200,000
200,000
4,000 shares at $56.25 per share.
Gain on sale of stock
Energy Co., Inc.
25,000
Balances carried forward
1,025,000
2,560,000
Exhibit C—XYZ Co., Summary of Total Transaction Affecting the Tax Account Balances in the Capital Construction Fund for the 6 Mos. Ended June 30, 19____
Ordinary income
Capital gain
Capital
Total
Opening balance, Jan. 1, 19____
$1,000,000
$1,000,000
$1,500,000
$3,500,000
Deposits, income, transfers in, etc
362,500
25,000
300,000
687,500
Total
1,362,500
1,025,000
1,800,000
4,187,500
Withdrawals, losses, transfers out, etc
602,500
Balance at June 30, 19____
1,362,500
1,025,000
1,197,500
3,585,000
Exhibit D—XYZ Company
summary by vessel of qualified withdrawals from the fund for the six months ending june 30, 19____
A. Acquisition or Construction of Vessels
(1) 80,000 dwt tanker: No qualified withdrawals have been made to date; construction is presently scheduled to commence in mid-1977.
(2) 130-foot ocean tug hull No. 210:
Balance brought forward
$700,000
Qualified withdrawals during period
352,500
Total qualified withdrawals to date
1,052,500
130-foot ocean tug hull No. 211: No withdrawals have been made to date; construction is presently scheduled to commence in November 1975
B. Acquisition or Construction of Barges, Containers and Trailers
250-foot tank barge: No qualified withdrawals have been made to date; construction presently scheduled to commence in November 1975.
C. Reconstruction of Vessels
None.
D. Reconstruction of Barges, Containers, and Trailers
None.
E. Payment of Principal on Existing Indebtedness
SS Smith—Official No. 236425: