46 CFR 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:

Balance brought forward	$500,000
Qualified withdrawals during period	250,000
Total qualified withdrawals to date	750,000