<div dir="ltr"><div class="gmail_default" style="font-family:verdana,sans-serif;color:#20124d"><p class="MsoNormal" align="center" style="text-align:center;margin:0in 0in 8pt;line-height:107%;font-family:Calibri,sans-serif"><span style="line-height:107%"><font size="4">Here is the Summary Annual report - The details annual report is posted in the FUUSM site.</font></span></p><p class="MsoNormal" align="center" style="text-align:center;margin:0in 0in 8pt;line-height:107%;font-family:Calibri,sans-serif"><span style="line-height:107%"><font size="4">Linda</font></span></p><p class="MsoNormal" align="center" style="text-align:center;margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:20pt;line-height:107%"><br></span></p><p class="MsoNormal" align="center" style="text-align:center;margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:20pt;line-height:107%">FUUSM Board of Trust Governors Report
for 2019</span></p>
<p class="MsoNormal" align="center" style="text-align:center;margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:20pt;line-height:107%"> </span></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%">In 2019 both
the General and Ting trusts gained 21.7% in value before any grants while the
Value Trust gained 21.4%. (For Benchmark purposes – US Stocks (Russell 2000)
were up 23.7% Inv Grade Bonds were up 8.8% and Cash gained 1.8%)</span></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%">In addition,
3 grants have been made but not yet withdrawn: Granted in July, 2017 for Painting
project - $25,240 from Ting trust, Additional grant for Painting project in
January, 2018 from Ting trust - <span style="color:black">$28,360</span>,
$23,000 in July, 2018 for Maintaining wall from General Trust.</span></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%">Taking these
pending grants into account we have the following <b>available</b> grantable
funds as of 1/1/2020:</span></p>
<p class="gmail-MsoListParagraphCxSpFirst" style="margin:0in 0in 0.0001pt 0.5in;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%;font-family:Symbol">·<span style="font-variant-numeric:normal;font-variant-east-asian:normal;font-stretch:normal;font-size:7pt;line-height:normal;font-family:"Times New Roman""> </span></span><span style="font-size:16pt;line-height:107%">General Trust – Operating Funds - $6,786</span></p>
<p class="gmail-MsoListParagraphCxSpMiddle" style="margin:0in 0in 0.0001pt 0.5in;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%;font-family:Symbol">·<span style="font-variant-numeric:normal;font-variant-east-asian:normal;font-stretch:normal;font-size:7pt;line-height:normal;font-family:"Times New Roman""> </span></span><span style="font-size:16pt;line-height:107%">General Trust – Building & Grounds
- $73,233</span></p>
<p class="gmail-MsoListParagraphCxSpMiddle" style="margin:0in 0in 0.0001pt 0.5in;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%;font-family:Symbol">·<span style="font-variant-numeric:normal;font-variant-east-asian:normal;font-stretch:normal;font-size:7pt;line-height:normal;font-family:"Times New Roman""> </span></span><span style="font-size:16pt;line-height:107%">General Trust - Capital Funds (Emergency)
- $73,233 (same as above)</span></p>
<p class="gmail-MsoListParagraphCxSpMiddle" style="margin:0in 0in 0.0001pt 0.5in;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%;font-family:Symbol">·<span style="font-variant-numeric:normal;font-variant-east-asian:normal;font-stretch:normal;font-size:7pt;line-height:normal;font-family:"Times New Roman""> </span></span><span style="font-size:16pt;line-height:107%">Ting trust - $60,851</span></p>
<p class="gmail-MsoListParagraphCxSpLast" style="margin:0in 0in 8pt 0.5in;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%;font-family:Symbol">·<span style="font-variant-numeric:normal;font-variant-east-asian:normal;font-stretch:normal;font-size:7pt;line-height:normal;font-family:"Times New Roman""> </span></span><span style="font-size:16pt;line-height:107%">Values trust - $4,116 ($3,078 from
MCF fund and $1037 from Immediate funds in Balance Sheet)</span></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%">The Maintaining
Wall/Sewer project was completed for a total of $21,725 vs. the initial grant of
$23,000</span></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%">Two grants
were made from the Values trust Immediate fund in 2019- $225 for Solar
Scholarship and $240 to Enrich Marietta<span style="color:black">.</span></span></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%;color:black"> </span></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%;color:black">Submitted by Linda Lawton – Chair Board of Trust
Governors</span></p>
<p class="MsoNormal" style="margin:0in 0in 8pt;line-height:107%;font-size:11pt;font-family:Calibri,sans-serif"><span style="font-size:16pt;line-height:107%;color:black">May 11, 2020</span></p></div><div class="gmail_default" style="font-family:verdana,sans-serif;color:#20124d"></div></div>