2011-04-27T09:47:13-04:00 2010-06-30 BKD LLP 1201 Walnut Suite 1700 Kansas City MO 641062246 990 2009-07-01 480777079 Benedictine College BENE 9133675340 1020 N 2nd Street Atchison KS 66002 RONALD J OLINGER 2011-05-15 true Michael J Engle 8162216300 2009 2016-02-24 21:20:13Z Stephen D Minnis 1116 N 2nd Street Atchison KS 66002 65871712 false 0928 X www.benedictine.edu X 1971 KS BENEDICTINE COLLEGE'S MISSION AS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE IS THE EDUCATION OF MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. 30 29 922 31 264217 0 8546989 12482119 33405464 36757326 -620275 616689 465787 523215 41797965 50379349 11748584 13431868 0 0 13414621 14057296 72867 21550 1397542 13606615 13510383 38842687 41021097 2955278 9358252 73160230 86836952 30315486 34214727 42844744 52622225 SEE SCHEDULE 0 false false 33111358 13431868 37354515 SEE SCHEDULE O 33111358 true true false false false false false false true true true false true true true false false true true false false false true true true false false false false false false false true false true true false false false false false false false false true 80 0 true 922 true true true false false false false true true true 1 false false true 30 29 true false false false false false false true true false false true true true true true true true false false X RONALD J OLINGER 9133675340 1020 N 2ND STREET ATCHISON KS 66002 Fr James Albers OSB 1.0 X 0 0 0 Matthew D Anthony 1.0 X 0 0 0 Larry Buessing 1.0 X 0 0 0 Shirley Chenoweth 1.0 X 0 0 0 Peggy J Dunn 1.0 X 0 0 0 Buford M Fraser 1.0 X 0 0 0 Kevin Gray 1.0 X 0 0 0 M Darryl Jones 1.0 X 0 0 0 Lawrence S Kaminsky 1.0 X 0 0 0 Kevin E Kramer 1.0 X 0 0 0 Fr Gabriel Landis OSB 1.0 X 0 0 0 David M Laughlin 1.0 X 0 0 0 Stephen E McBride 1.0 X 0 0 0 Michael Murphy 1.0 X 0 0 0 C Patrick McLarney 1.0 X 0 0 0 Jack A Newman Jr 1.0 X 0 0 0 Kathleen O'Hara 1.0 X 0 0 0 S Mary Agnes Patterson OSB 1.0 X 0 0 0 Karen L Pletz JD 1.0 X 0 0 0 Patrick J Sly 1.0 X 0 0 0 Christopher Thompson 1.0 X 0 0 0 Matthew Tynan 1.0 X 0 0 0 Carolyn Watley 1.0 X 0 0 0 Paul D Westerman 1.0 X 0 0 0 Robert S Wholey 1.0 X 0 0 0 James T O'Brien 1.0 X X 0 0 0 S Anne Shepard OSB 1.0 X X 0 0 0 Abbot Barnabas Senecal OSB 1.0 X X 0 0 0 S Mary Irene Nowell OSB 1.0 X X 0 0 0 Susan Zubradt 1.0 X 0 0 0 Stephen D Minnis 40.0 X 276327 0 61300 Kimberly C Shankman 40.0 X 89909 0 15396 Ronald J Olinger 40.0 X 124884 0 9777 Kristie R Scholz 40.0 X 61500 0 12526 Kelly Vowels 40.0 X 154276 0 3958 706896 0 102957 3 false true false SOUTHWIND CAPITAL LLC CONSTRUCTION 318860 MERRILL LYNCH INVESTMENT SERVICE 150951 MIDAMERICA GOLF LANDSCAPE LANDSCAPE 256539 3 431962 12050157 8483931 12482119 TUITION & FEES 611600 28528214 28528214 ROOM & BOARD 611600 7240800 7240800 STUDENT ACTIVITIES 611710 842785 842785 ATHLETIC INCOME 611710 145527 145527 36757326 526797 526797 0 657 657 15244610 8850 15056208 107360 188402 -98510 89892 89892 76506 431962 151137 -74631 -74631 0 292333 177658 114675 114675 PRINTING REVENUE 561439 11467 11467 CATERING SERVICES 722320 243140 243140 CONFERENCES 541900 9610 9610 218297 218297 482514 50379349 37090298 264217 542715 0 13431868 13431868 0 0 616887 119509 497378 0 10566876 8503126 1230177 833573 263741 217625 28049 18067 1922716 881708 975786 65222 687076 548242 91619 47215 0 17307 17307 82988 82988 0 21550 21550 186147 186147 2600636 2399363 81831 119442 82036 32597 49439 771691 461093 248533 62065 266987 41083 225760 144 0 1081353 879548 149027 52778 525287 461304 24851 39132 0 46850 42630 4220 1190876 1190876 0 3301592 1539535 1736600 25457 269330 212574 41841 14915 ACADEMIC SUPPORT 667212 667212 AUXILIARY EXPENSES 479821 479821 INSTRUCTION & DEPT RESEARCH 102376 102376 STUDENT SERVICES 621659 621659 GENERAL ADMINISTRATION 1144436 277609 840644 26183 71799 71799 41021097 33111358 6512197 1397542 5834590 9001568 6154160 10199768 241216 355054 204191 198890 72149718 29027904 41113464 43121814 14613284 19701896 557157 613648 3615011 3220321 827157 423993 73160230 86836952 2366834 2846803 23846903 27335520 225932 161181 3875817 3871223 30315486 34214727 X 16675349 19029784 10578287 17799779 15591108 15792662 42844744 52622225 73160230 86836952 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 14398574 277858 1276513 200000 54787 150054 15548104 11673016 4594962 -1580663 137845 34047 116849 14398574 0.00000 0.97179 0.02821 false false 66977 497085 564062 60744474 20548444 40196030 10841182 8479460 2361722 43121814 0 DEPOSITS 145547 REFUNDABLE GOVT LOAN PROGRAMS 3362384 ANNUITY AND TRUST OBLIGATIONS 40203 ASSET RETIREMENT OBLIGATION 323089 3871223 50379349 41021097 9358252 857192 -437963 419229 9777481 37679919 857192 61096 429419 1347707 36332212 171287 13875850 14047137 50379349 27902438 61096 427305 488401 27414037 171287 13435773 13607060 41021097 ENDOWMENT FUNDS SCHEDULE D, PART V, LINE 4 THE PRIMARY PURPOSE OF THE ENDOWMENT FUNDS IS TO FUND SCHOLARSHIPS. THE ENDOWMENT FUNDS ARE ALSO USED TO FUND BUSINESS PROGRAMS AND GENERAL OPERATIONS OF THE COLLEGE. LIABILITY FOR UNCERTAIN TAX POSITIONS UNDER FIN 48 SCHEDULE D, PART X, LINE 2 MANAGEMENT HAS EVALUATED THEIR INCOME TAX POSITIONS UNDER THE GUIDANCE INCLUDED IN ASC 740. BASED ON THEIR REVIEW, MANAGEMENT HAS NOT IDENTIFIED ANY MATERIAL UNCERTAIN TAX POSITIONS TO BE RECORDED OR DISCLOSED IN THE FINANCIAL STATEMENTS. OTHER - RECONCILIATION OF REVENUE PER AUDITED F/S AND TAX RETURN SCHEDULE D, PART XI, LINE 8 CHANGE IN NET ASSETS OF BENEDICTINE FOUNDATION $(440,077) CHANGE IN PV OF SPLIT LIFE INSURANCE 2,114 ----------- TOTAL $(437,963) OTHER - REVENUE INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART VIII, LINE 12 SCHEDULE D, PART XII, LINE 2D BOOKSTORE COGS $177,658 FUNDRAISING EXPENSES 151,137 LOSS ON SALE/DISPOSAL OF FIXED ASSETS 98,510 CHANGE IN PV OF SPLIT LIFE INSURANCE 2,114 ---------- TOTAL $429,419 OTHER - REVENUE INCLUDED ON FORM 990, PART VII, LINE 12 BUT NOT ON LINE 1 SCHEDULE D, PART XII, LINE 4B SCHOLARSHIPS $13,431,868 CHANGE IN NET ASSETS OF BENEDICTINE FOUNDATION 440,077 OTHER INC/EXP RECLASS 3,905 -------------- TOTAL $13,875,850 OTHER - EXPENSE INCLUDED ON LINE 1 BUT NOT ON FORM 990, PART IX, LINE 25 SCHEDULE D, PART XIII, LINE 2D BOOKSTORE COGS $177,658 FUNDRAISING EXPENSES 151,137 LOSS ON SALE/DISPOSAL OF FIXED ASSETS 98,510 ---------- TOTAL $427,305 OTHER - EXPENSES INCLUDED ON FORM 990, PART IX, LINE 25 BUT NOT ON LINE 1 SCHEDULE D, PART XIII, LINE 4B SCHOLARSHIPS $13,431,868 OTHER INC/EXP RECLASS 3,905 ------------- TOTAL $13,435,773 true true true BENEDICTINE'S RACIALLY NONDISCRIMINATORY POLICY IS PUBLISHED IN THE COLLEGE CATALOG, WHICH EVERY STUDENT RECEIVES UPON RECEIVING NOTICE OF ACCEPTANCE. true true true true false false false false false false false false true false BENEDICTINE RECEIVES TITLE IV FUNDS FROM THE DEPARTMENT OF EDUCATION. true Europe (Including Iceland and Greenland) 1 1 Program Services Education 488202 East Asia and the Pacific 0 1 Program Services Education 65382 1 2 553584 X X X X X X X true Petrus Development LLC Fundraising Scholarship false 4642934 21550 4621387 4642934 21550 4621387 All States SCHOLARSHIPBALL 446143 395167 50976 2970 60457 4175 40149 GOLF TOURNAMENT 62325 36795 25530 14400 5148 23838 0 508468 431962 76506 17370 65605 4175 63987 151137 -74631 true STUDENT AID / SCHOLARSHIPS 1434 13431868 PROCESS FOR MONITORING THE USE OF GRANTS IN THE U.S. SCHEDULE I, PART I, LINE 2 ALL GRANTS ARE INSTITUTIONAL FINANCIAL AID AND APPLIED DIRECTLY TO STUDENT ACCOUNTS. IT IS A CONTINUAL PROCESS IN WHICH WE AWARD STUDENT AID WITHIN FEDERAL GUIDELINES AT THE INITIAL AWARDING TIME PERIOD. IF ANY CHANGES TO A STUDENT'S STATUS OCCUR, WE REVIEW THE STUDENT'S AID PACKAGE COMPONENTS TO ENSURE THAT ANY/ALL ADJUSTMENTS MADE MAINTAIN COMPLIANCE WITH TITLE IV FUND RULES. WE ALSO PERFORM SPOT CHECKS THROUGHOUT THE SEMESTER TO DOUBLE CHECK THAT AID ELIGIBILITY CALCULATIONS ARE MET. X true true X X X X X false false false false false false false false false Stephen D Minnis 208257 0 50000 0 18070 0 11200 0 50100 0 337627 0 0 0 Kelly Vowels 103217 0 50000 0 1059 0 1833 0 2125 0 158234 0 0 0 HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE SCHEDULE J, PART I, LINE 1A BENEDICTINE COLLEGE PROVIDES HOUSING TO STEPHEN D MINNIS. THE FMV OF THE HOUSING IS NOT INCLUDED IN HIS W-2 BECAUSE IT QUALIFIES AS A NON TAXABLE BENEFIT UNDER CODE SECTION 119. KANSAS INDEPENDENT COLLEGE FINANCE AUTHORITY 481233911 48526HLA2 2004-12-28 6981013 SEE SCHEDULE 0 false false ATCHISON COUNTY KANSAS 486025049 046597BC3 2007-12-27 4824916 SEE SCHEDULE O false false ATCHISON COUNTY KANSAS 486025049 046617AX4 2008-01-23 5232252 SEE SCHEDULE O false false KANSAS INDEPENDENT COLLEGE FINANCE AUTHORITY 481233911 48526HVB9 2010-05-18 10785000 SEE SCHEDULE O false false 7063852 358863 0 823 77908 0 6625121 2006 false false true true 4859596 173932 0 0 96000 0 4590908 2008 false false true true 5279087 186334 0 0 104000 0 4989973 2009 false false true true 10785000 719611 0 3400624 210600 0 426762 true false false true false true false false true 0.00000 0.01120 0.01120 true false true false false true 0.00000 0.00460 0.00460 true false true false false true 0.00000 0.00520 0.00520 true false false true false true 0.00000 0.00000 0.00000 true false false false false true false false false false false false false false false false false false false false false false false false true SEE SCHEDULE O X 1 0 X 15 1045359 FMV X 1 7481424 FMV 1 false true true Noncash Contributions Schedule M, Part I, Question 32b Publicly traded stock gifts are transferred to a broker and sold as soon as possible with oversight by the Controller. ORGANIZATION'S MISSION FORM 990, PART III, LINE 1 BENEDICTINE COLLEGE IS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE. OUR MISSION IS TO EDUCATE MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. BUILDING A GREAT CATHOLIC COLLEGE REQUIRES A COMMUNITY-WIDE COMMITMENT TO EXCELLENCE. WE DEDICATE OURSELVES TO EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT OT INTELLECTUAL, PERSONAL, SPIRITUAL GREATNESS. IN 2009, THE SCHOOL CELEBRATED ITS SESQUICENTENNIAL. WHILE THE SCHOOL HAS COME A LONG WAY IN ITS 150-YEAR HISTORY, THE PERMANENT THINGS-FAITH, SCHOLARSHIP, COMMUNITY-HAVE ENDURED. PROGRAM SERVICE ACCOMPLISHMENTS FORM 990, PART III, LINE 4A BENEDICTINE COLLEGE IS A CATHOLIC, BENEDICTINE, LIBERAL ARTS, RESIDENTIAL COLLEGE. OUR MISSION IS TO EDUCATE MEN AND WOMEN WITHIN A COMMUNITY OF FAITH AND SCHOLARSHIP. BUILDING A GREAT CATHOLIC COLLEGE REQUIRES A COMMUNITY-WIDE COMMITMENT TO EXCELLENCE. WE DEDICATE OURSELVES TO EDUCATING STUDENTS TO BECOME LEADERS IN THE BENEDICTINE TRADITION, WHO WILL TRANSFORM THE WORLD THROUGH THEIR COMMITMENT TO INTELLECTUAL, PERSONAL, AND SPIRITUAL GREATNESS. IN 2009, THE SCHOOL CELEBRATED ITS SESQUICENTENNIAL. WHILE THE SCHOOL HAS COME A LONG WAY IN ITS 150-YEAR HISTORY, THE PERMANENT THINGS-FAITH, SCHOLARSHIP, COMMUNITY-HAVE ENDURED. FOR THE CURRENT ACADEMIC YEAR OF 2010-11, BENEDICTINE COLLEGE IS BLESSED TO HAVE THE LARGEST STUDENT BODY IN ITS HISTORY, WITH 1,488 STUDENTS AND A FRESHMAN CLASS OF 388. NOT ONLY IS THE STUDENT BODY GROWING, BUT ITS ACADEMIC CAPABILITY HAS ALSO INCREASED. IN THE LAST FIVE YEARS THE AVERAGE ACT FOR ENTERING FRESHMAN HAS INCREASED A FULL POINT FROM 23 TO 24-AN ALMOST UNHEARD OF JUMP. OVERALL THE NUMBER OF VALEDICTORIANS, 30 + ACT STUDENTS, AND 3.7+ GPA STUDENTS HAS GROWN TREMENDOUSLY. WITH OVER 150 YEARS OF TRADITION, BENEDICTINE COLLEGE IS COMMITTED TO THE DEVELOPMENT OF THE INDIVIDUAL WITHIN A COMMUNITY. THE COLLEGE PROVIDES OUR STUDENTS WITH THE PRINCIPLES, KNOWLEDGE, AND SKILLS FOR A LIFE OF LEARNING, LEADERSHIP AND SERVICE, "THAT IN ALL THINGS GOD MAY BE GLORIFIED." BENEDICTINE COLLEGE IS LOCATED IN ATCHISON, KANSAS, ON A 110-ACRE CAMPUS OVERLOOKING THE MISSOURI RIVER, ABOUT 50 MILES NORTH OF KANSAS CITY, MISSOURI. THERE IS A SATELLITE CAMPUS IN ROELAND PARK, KANSAS AND A PARTNERSHIP WITH THE KANSAS CITY POLICE ACADEMY. THE COLLEGE ALSO HAS AN INTERNATIONAL CAMPUS IN FLORENCE, ITALY. OVER THE LAST DECADE, BENEDICTINE COLLEGE HAS BUILT NEW BUILDINGS TO ACCOMMODATE THE GROWTH IN OUR STUDENT BODY AND RESTORED FERRELL HALL, ONE OF THE ORIGINAL LANDMARKS BUILT BY THE FIRST MONKS TO ARRIVE IN KANSAS. THIS SPRING, THE COLLEGE BEGAN BUILDING A NEW ACADEMIC CENTER WHICH IS PROJECTED TO OPEN IN JANUARY 2012. THIS LEED-CERTIFIED BUILDING WILL PROVIDE AN ADDITIONAL 64,000 SQUARE FEET OF MUCH-NEEDED SPACE FOR CLASSES, FACULTY AND PROGRAMS. IN ADDITION, THE COLLEGE RECEIVED THE SECOND LARGEST DONATION IN ITS HISTORY IN THE FORM OF LAND AND BUILDINGS FROM ATCHISON COMMUNITY HOSPITAL. ONE BUILDING WAS RENOVATED AS A RESIDENCE HALL FOR SOPHOMORE MEN, WITH THE LOWER FLOORS SERVING AS ADDITIONAL FACULTY AND CLASSROOM SPACE. THE SECOND BUILDING WAS DEDICATED IN AUGUST OF 2010. THE MOTHER TERESA CENTER FOR NURSING AND HEALTH EDUCATION HAS APPROXIMATELY 12,000 SQUARE-FEET. THE CENTER INCLUDES TWO LARGE CLASSROOMS, A CLINICAL SKILLS LAB, A HIGH-FIDELITY SIMULATION ROOM, SEVEN FACULTY OFFICES, ADDITIONAL ADMINISTRATIVE OFFICES, AN AREA FOR PRACTICING CLINICAL ASSESSMENT SKILLS, AND SEVERAL COMPUTER LABS AND STUDY AREAS FOR STUDENTS. ALL OF THESE IMPROVEMENTS LED TO THE U.S. NEWS AND WORLD REPORT RECOGNIZING BENEDICTINE COLLEGE AS ONE OF AMERICA'S BEST COLLEGES, APPEARING AS A TOP-TIER SCHOOL IN THE "MIDWEST - MASTERS" CATEGORY OF AMERICA'S BEST COLLEGES. IN ADDITION, THE CARDINAL NEWMAN SOCIETY IN ITS PUBLICATION, THE NEWMAN GUIDE TO CHOOSING A CATHOLIC COLLEGE: WHAT TO LOOK FOR AND WHERE TO FIND IT, NAMED BENEDICTINE COLLEGE AS ONE OF THE TOP 20 CATHOLIC COLLEGES IN AMERICA. FIRST THINGS JUST RECOGNIZED THE COLLEGE AS WELL IN ITS FIRST MAJOR STUDY OF MORE THAN 2,000 COLLEGES AND UNIVERSITIES, FROM AMERICAN UNIVERSITY TO YALE. BENEDICTINE COLLEGE WAS NAMED AS ONE OF THE TOP 20 COLLEGES IN AMERICA. THE STUDY PLACES BENEDICTINE AT NUMBER 18 IN THE NATION AMONG ALL COLLEGES AND NUMBER 5 AMONG CATHOLIC COLLEGES. EXPENSES: $33,209,868 GRANTS: $13,431,868 REVENUES: $36,997,493 BUSINESS/FAMILY RELATIONSHIPS FORM 990, PART VI, SECTION A, LINE 2 CHRISTOPHER THOMPSON AND PEGGY DUNN HAVE A BUSINESS RELATIONSHIP. FORM 990 REVIEW PROCESS FORM 990, PART VI, SECTION B, LINE 11A AN INDEPENDENT ACCOUNTING FIRM PREPARES AND REVIEWS THE 990. THE 990 IS THEN REVIEWED BY THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL. ANY QUESTIONS AND CONCERNS THE ORGANIZATION'S OFFICERS AND ACCOUNTING PERSONNEL HAVE ARE ADDRESSED AND ANY CORRECTIONS OR CLARIFICATIONS THAT NEED TO BE MADE ARE MADE. THE 990 IS THEN PROVIDED TO THE FINANCE COMMITTEE OF THE BOARD FOR REVIEW AND THEN THE FINAL 990 IS PROVIDED TO THE FULL BOARD. CONFLICT OF INTEREST POLICY FORM 990, PART VI, SECTION B, LINE 12C AT THE TIME OF HIRE OR ELECTION (IN THE CASE OF DIRECTORS) AND ANNUALLY THEREAFTER, THE OFFICERS, DIRECTORS, AND KEY EMPLOYEES SHALL PROVIDE THE APPLICABLE CONFLICT OF INTEREST DISCLOSURES WHICH SHALL BE COMPLETED TO IDENTIFY ANY RELATIONSHIPS, POSITIONS, OR CIRCUMSTANCES IN WHICH IT IS BELIEVED A CONFLICT MAY ARISE. IF A CONFLICT ARISES, THE OFFICER, DIRECTOR, OR KEY EMPLOYEE ABSTAINS FROM THE VOTE OF THE CONFLICTED POSITION. AN APPROPRIATE REPORT SHALL BE SUBMITTED TO THE EXECUTIVE BOARD CONCERNING ANY INTEREST DISCLOSED. COMPENSATION REVIEW FORM 990, PART VI, SECTION B, LINES 15A & B LINE 15A - THE ORGANIZATION'S PROCESS FOR DETERMINING CEO COMPENSATION BEGINS WITH AN INITIATIVE LEAD BY THE CHAIRMAN OF THE GOVERNING BOARD. THE CHAIRMAN COMPARES COMPENSATION AND SALARY DATA WITH OTHER ORGANIZATION'S OF A SIMILAR SIZE AND INDUSTRY. THE CHAIRMAN REVIEWS THE DATA AND MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS IN A CLOSED EXECUTIVE COMMITTEE MEETING WHERE THE COMPENSATION IS THEN VOTED UPON. LINE 15B - THE CEO CONDUCTS AN ANNUAL REVIEW OF OTHER OFFICER AND KEY EMPLOYEES COMPENSATION BASED ON COMPARABLE SALARY DATA OF OTHER ORGANIZATION'S OF SIMILAR SIZE AND INDUSTRY. AVAILABILITY OF DOCUMENTS FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. BOND ISSUE PURPOSE AND PROCEEDS SCHEDULE K, PART I AND PART II PART I - BOND ISSUES BOND ISSUE (A), COLUMN (F). CONSTRUCTING, IMPROVING AND EQUIPPING EDUCATIONAL FACILITIES. BOND ISSUE (B), COLUMN (F). CONSTRUCTING, IMPROVING AND EQUIPPING EDUCATIONAL FACILITIES. BOND ISSUE (C), COLUMN (F). CONSTRUCTING, IMPROVING AND EQUIPPING EDUCATIONAL FACILITIES. BOND ISSUE (D), COLUMN (F). CONSTRUCTING, IMPROVING AND EQUIPPING EDUCATIONAL FACILITIES; REFUND 2003 BONDS (ORIGINALLY ISSUED ON 3-31-2003). PART II - PROCEEDS COLUMN A, LINE 4: THERE WAS APPROXIMATELY $823 OF EARNINGS DEPOSITED INTO THE PROJECT FUND AFTER THE END OF THE "PROJECT PERIOD." HOWEVER, THIS AMOUNT WAS INCLUDED IN THE "TOTAL PROCEEDS OF ISSUE" REPORTED ON LINE 1 AND REPORTED AS "UNSPENT PROCEEDS." SUBSEQUENT TO THE FISCAL YEAR END THIS AMOUNT WAS USED TO PAY PROJECT EXPENDITURES. BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS SCH L, PART IV (A) PEGGY DUNN / J.E. DUNN CONSTRUCTION (B) PEGGY DUNN IS A DIRECTOR AND OWNER OF J.E. DUNN CONSTRUCTION (C) $5327,094 (D) CONSTRUCTION SERVICES (E) NO