Page 33 - 2018 MHT Annual Report

through market fluctuations or unanticipated reductions in revenue. The trustees have established a reserve target of 400 percent
of the annual budget. Reserve funds are managed by the APFC and DOR, and grow
in the same manner as other trust funds. Annual investment earnings that exceed the yearly 4.25 percent base payout are also applied to reserves.
$700,000,000 $600,000,000 $500,000,000 $400,000,000 $300,000,000 $200,000,000 $100,000,000
FY 2018 FINANCIAL ACTIVITY
Earnings
In FY 2018, Trust investments earned a total of $60.5 million. Of that, trustees approved a transfer of $21.1 million to support Trust programs. The portion of the earnings that exceed annual funding needs will be applied to the reserves of the trust and can increase the value of the annual withdrawal in future fiscal years.
TRUST REVENUES
Spendable Income
• Rent and Lease Payments
• Interest from Land Sale Contracts
• Timber Sales (15 percent)
Non-Spendable Income
• Land Sales
• Coal, Oil/Gas, Materials and
Mineral Royalties
• Right-of-Way/Easement Revenues
• Timber Sales (85 percent)
INVESTED TRUST ASSETS
PRIMARY TRUST FINANCIAL ASSETS Amounts represent total values at the end of FY 2018.
Mental Health Trust Fund
. . . . . . . . . . . . . . . . . . . $398,479,000
Real Estate Investment Equity
. . . . . . . . . . . . . . . . . . . . $54,821,000
Reserves. . . . . . . . . . . . . $159,342,000
*In addition to financial assets, the Trust also owns a million acres of land assets.
Corpus
Reserves
Real Estate Equity
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