2025-08-11T10:28:55-05:00 2024-12-31 630191630 SMITH DUKES & BUCKALEW LLP 3800 AIRPORT BLVD MOBILE AL 366081667 990 2024-01-01 636143917 HOWARD SCOTT RESIDUARY TRUST UW HOWA 2516901337 REGIONS BANK TTEE P O DRAWER 1628 MOBILE AL 366161628 RICK HARVEY TRUST OFFICER 2516901337 2025-08-07 1 1 J WILBERT JORDAN JR P00275848 2513431200 2025-08-07 2024 2025-03-06 01:10:19Z REGIONS BANK TTEE REGIONS BANK TTEE P O DRAWER 1628 MOBILE AL 366161628 102786 0 X N/A X 2003 AL TO PROVIDE FINANCIAL SUPPORT TO THE TOWN OF CHATOM, ALABAMA FOR THE SOLE USE AND BENEFIT OF WASHINGTON COUNTY LIBRARY FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA. 1 1 0 0 0 0 0 0 0 0 142770 32697 6099 9168 148869 41865 40000 127043 0 0 15676 17158 0 0 0 4808 4398 60484 148599 88385 -106734 1800594 1693603 0 0 1800594 1693603 TO PROVIDE FINANCIAL SUPPORT TO THE TOWN OF CHATOM, ALABAMA FOR THE SOLE USE AND BENEFIT OF WASHINGTON COUNTY LIBRARY FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA. 0 0 127043 127043 THE FUNDS DISTRIBUTED TO THE TOWN OF CHATOM, ALABAMA ARE USED BY THE WASHINGTON COUNTY LIBRARY FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, ALABAMA. 127043 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X REGIONS BANK TRUST DEPARTMENT 2516901337 11 NORTH WATER ST 28TH FL MOBILE AL 36602 X REGIONS BANK TRUST DEPT TRUSTEE 5.00 X 17158 0 0 17158 0 0 0 0 0 0 0 17346 17346 14136 4968 9168 9168 9168 55067 16237 55953 0 -886 16237 15351 15351 41865 0 0 41865 127043 127043 17158 17158 4000 4000 INVESTMENT EXPENSES 286 286 FOREIGN TAXES PAID 112 112 148599 127043 21556 0 178571 56540 1338653 1323493 1338653 298527 298407 3 3 1800594 1693603 0 0 X 1800594 1693603 0 0 0 0 1800594 1693603 1800594 1693603 X -106734 -257 X 0 0 0 X X 1 TOWN OF CHATOM AL FOR THE BENEFIT OF THE WASHINGTON CNTY LIBRARY 636003963 6 1 127043 0 1 127043 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 75 0 0 0 31482 0 31557 0 0 0 4968 0 14124 0 12465 0 348026 0 155314 0 3271838 0 3775178 0 0 0 0 3775178 0 56628 0 3718550 0 130149 0 0 0 130149 0 0 0 0 0 0 X 127043 0 7432 0 0 0 134475 127043 0 0.000000000000 0 0 0 0 0 0 0 0 0 0 0 0 134475 0 134475 0 0 134475 0 0 0 0 134475 PART IV, SECTION D, LINE 2 THE TRUST MAINTAINS A CLOSE AND WORKING RELATIONSHIP WITH THE TOWN OF CHATOM AND THE WASHINGTON COUNTY LIBRARY BOARD. EACH QUARTER, THE TRUSTEE DISCUSSES THE FINANCIAL RESULTS OF THE TRUST FOR THAT PERIOD WITH REPRESENTATIVES OF THE LIBRARY BOARD. ON AN ANNUAL BASIS, THE TRUSTEE REVIEWS WITH THEM THE INVESTMENT STRATEGY AND THE CURRENT INVESTMENT RETURN RECEIVED ON THE MARKETABLE SECURITIES. THE FORESTER MANAGING THE TIMBERLANDS PERIODICALLY REVIEWS THE LEASE INCOME ON THE LAND, THE ANNUAL TIMBER HARVESTING PLANS AND FORESTRY MANAGEMENT ISSUES WITH THE BOARD AS THIS IS A LONG TERM AND PERPETUAL INVESTMENT FOR THE LIBRARY. THE FORESTER IS ALWAYS LOOKING FOR OPPORTUNITIES TO CAPITALIZE ON CURRENT ACTIVITY IN THE TIMBER MARKETS IN ORDER TO MAXIMIZE THE RETURN ON THE TIMBER FOR THE LIBRARY. THE FINANCIAL NEEDS OF THE LIBRARY ARE DISCUSSED WITH THE TRUSTEE AND DISTRIBUTIONS TO THE TOWN OF CHATOM FOR THE BENEFIT OF THE LIBRARY BOARD ARE ADJUSTED IN ACCORDANCE WITH THE LIBRARY'S SPECIFIC NEEDS AND THE OVERALL LONG TERM INVESTMENT NATURE OF THE TRUST. PART IV, SECTION D, LINE 3 THE WASHINGTON COUNTY LIBRARY BOARD REVIEWS THE INVESTMENT ACTIVITY WITH THE TRUSTEE ON A REGULAR BASIS. SINCE THE MAJOR ASSET OF THE TRUST IS TIMBERLANDS, THE LIBRARY BOARD ALSO HAS FREQUENT DISCUSSIONS WITH THE TRUST FORESTRY MANAGEMENT OFFICER OVER THE TIMBERLANDS. THE NEEDS OF THE LIBRARY BOARD AS IT RELATES TO THE EDUCATIONAL AND CULTURAL NEEDS OF THE RESIDENTS OF WASHINGTON COUNTY ARE REVIEWED AND INVESTMENT AND TIMBER MANAGEMENT DECISIONS ARE ADJUSTED IN ORDER TO MAXIMIZE THE RETURN ON THESE ASSETS AND MEET THE FINANCIAL NEEDS OF THE WASHINGTON COUNTY LIBRARY BOARD. PART V, SECTION D, LINE 8 THE FUNDS RECEIVED BY THE TOWN OF CHATOM, AL FOR THE WASHINGTON CNTY LIBRARY REPRESENTS MORE THAN 10% OF THE LIBRARY'S TOTAL SUPPORT FOR THE YEAR. AS STATED ABOVE, THE WASHINGTON CNTY LIBRARY BOARD HAS THE OPPORTUNITY TO DISCUSS THE INVESTMENT STRATEGY BEING FOLLOWED BY THE TRUSTEE TO ENSURE THAT THE DISTRIBUTIONS FROM THIS TRUST ARE SUFFICIENT TO MEET THE LIBRARY'S CURRENT FINANCIAL NEEDS WHILE AT THE SAME TIME KEEPING IN MIND THE GOAL OF ACCOMPLISHING THE LONG TERM SUPPORT FOR THE WASHINGTON CNTY LIBRARY. 1338653 1338653 1338653 1 TOWN OF CHATOM AL - WASHINGTON COUNTY LIBRARY PO BOX 1057 CHATOM AL 36518 TOWN OF CHATOM, AL 127043 0 FOR THE EDUCATIONAL AND CULTURAL BENEFIT OF THE RESIDENTS OF WASHINGTON COUNTY, AL. 1 0 PART I, LINE 2: THE TRUSTEE MEETS WITH THE OFFICIALS OF THE LIBRARY ON A REGULAR BASIS AND DISCUSSES THE FINANCIAL NEEDS OF THE LIBRARY. FORM 990, PART VI, SECTION B, LINE 11B THE ENTITY IS A TRUST HELD FOR MANAGEMENT BY REGIONS BANK TRUST DEPARTMENT. THE CERTIFIED PUBLIC ACCOUNTANTS ENGAGED BY THE TRUST DEPARTMENT PREPARE THE FORM 990 AND SUBMIT IT TO THE APPROPRIATE INDIVIDUALS FOR REVIEW AND FILING. FORM 990, PART VI, SECTION B, LINE 12C THE TRUSTEE HAS ADOPTED ITS OWN CONFLICTS OF INTEREST AND SELF-DEALING POLICY TO GOVERN ALL OF ITS FIDUCIARY RELATIONSHIPS. THE TRUSTEE'S RELATIONSHIP WITH THE TRUST ARE SUBJECT TO AND GOVERNED BY THAT POLICY. THE TRUSTEE HAS A SEPARATE DEPARTMENT THAT DEALS WITH THESE COMPLIANCE ISSUES. EACH TRUST IS SUBJECT TO ANNUAL REVIEWS. THE TRUSTEE OFFERS COUNSEL AND TRAINING TO EMPLOYEES TO ENSURE COMPLIANCE, ASSISTANCE IN IDENTIFYING POTENTIAL MATTERS OF NONCOMPLIANCE AND TO ESCALATE THE RESOLUTION OF ANY POSSIBLE NONCOMPLIANCE PROBLEMS. FORM 990, PART VI, SECTION C, LINE 19 THE REQUIRED DISCLOSURE DOCUMENTATION IS PROVIDED UPON REQUEST. FORM 990, PART VII, LINE 1A, COLUMN (D) THE COMPENSATION REPORTED IN COLUMN (D) PAID TO REGIONS BANK AS CORPORATE TRUSTEE IS CALCULATED BASED ON MARKET VALUE AND THE FEE SCHEDULE. IT IS NOT DETERMINED ON AN HOURLY BASIS AND ENCOMPASSES REGIONS CORPORATE TRUSTEE SERVICES. FORM 990, PART XI, LINE 9: BOOK / TAX TIMING DIFFERENCE -257. TOWN OF CHATOM ALABAMA - WASHINGTON COUNTY LIBRARY PO BOX 1057 CHATOM AL 36518 636003963 WASHINGTON COUNTY, ALABAMA PUBLIC LIBRARY AL 170(B)(1)(A)(V) LINE 6 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 TOWN OF CHATOM ALABAMA - WASHINGTON COUNTY LIBRARY B 127043 CASH