ML22132A190

2021 Cert Annual Financial Report

ML22132A190
Person / Time
Site:	07000925
Issue date:	02/03/2022
From:	Halliburton B, Nalefski S Environmental Properties Management
To:	Koch A, James Smith NRC/NMSS/DDUWP/URMDB
Smith J
Shared Package
ML22132A186	List: ML22132A189 ML22132A190
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Download: ML22132A190 (5)

Text

environmental properties management, LLC February 3, 2022 Pam Dizikes P. Clayton Eubanks Attorney, Office of the General Counsel Assistant Attorney General Oklahoma Department of Environmental Quality Environmental Protection Unit 707 N, Robinson Office of the Attorney General of Oklahoma P.O. Box 1677 313 N.E. 21st Street Oklahoma City, OK 73101-1677 Oklahoma City, OK 73105 Paul Davis, Project Manager Robert William Yalen Oklahoma Department of Environmental Quality Assistant United States Attorney 707 N. Robinson Office of the United States Attorney PO Box 1677 for the Southern District of New York Oklahoma City, OK 73101-1677 86 Chambers Street, Third Floor New York, NY 10007 Chief, Environmental Enforcement Section Robert. Y alen@usdoi. gov Environment and Natural Resources Division USANYS.TronoxTrustReports@usdoi.gov U.S. Department of Justice P.O.Box 7611 Washington, DC 20044-7611 File Ref. No. 90-11-3-09688 Andrea Koch, Deputy Director James Smith, Project Manager Decommissioning & Uranium Recovery and Waste Programs United States Nuclear Regulatory Commission United States Nuclear Regulatory Commission 11555 Rockville Pike Mailstop T-8F5 Rockville, MD 20852-2738 Washington, DC 20555-0001 Hollis Luzecky, Attorney-Advisor United States Environmental Protection Agency Office of Site Remediation Enforcement, Regional Support Division 1200 Pennsylvania Avenue, NW (Mail Code 2272A)

Washington, DC 20460

Dear Ladies and Gentlemen:

Environmental Properties Management, LLC, Trustee for the Cimarron Environmental Response Trust, hereby submits the attached financial statements for the following Trust Accounts to the beneficiaries of the Cimarron Trust:

(1) C imarron Trust Federal Environmental Cost Account (2) Cimarron Trust State Environmental Cost Account (3) Cimarron Trust Administrative Account 9400 Ward Parkway Kansas City, M0 64114 Phone: 816-333-9400 Fax:816-822-3463

environmental properties management, LLC Page 2 February 3, 2022 Beneficiary Letter The attached financial statements cover the period from January 1, 2021 through December 31, 2021 and are submitted pursuant to the Cimarron Trusts obligations under paragraph 6.1 of the Environmental Response Trust Agreement.

Please do not hesitate to contact me with any questions pertaining to the attached.

Sincerely, Stephan L. Nalefski Vice President Bill Halliburton Trust Administrator Attachments (2) 9400 Ward Parkway Kansas City, MO 64114 Phone: 816-333-9400 Fax:816-822-3463

Cimarron Environmental Response Trust Statement of Assets, Liabilities and Net Assets 31-Dec-21 Administrative Federal State Account Account Account Total ASSETS Current Assets Cash Equivalents $ 3,620,754.22 $ 55,623,679.34 $ 12,574,770.37 $ 71,819,203.94 Accrued Income 323.10 323.10 2,584.73 3,230.93 Total Current Assets 3,621,077.32 55,624,002.44 12,577,355.10 71,822,434.87 TOTAL ASSETS $ 3,621,077.32 $ 55,624,002.44 $ 12,577,355.10 $ 71,822,434.87 LIABILITIES AND NET ASSETS Current Liabilities Accounts Payable 29,486.11 367,160.55 12,207.08 408,853.74 Accrued Property Taxes 664.00 664.00 Total Current Liabilities 30,150.11 367,160.55 12,207.08 409,517.74 Net Assets 3,590,927.21 55,256,841.89 12,565,148.03 71,412,917.13 TOTAL LIABILITIES AND NET ASSETS $ 3,621,077.32 $ 55,624,002.44 $ 12,577,355.10 $ 71,822,434.87

Cimarron Environmental Response Trust Statement of Receipts and Expenses and Changes in Net Assets Year to Date thru December 31, 2021 Administrative Federal State Account Account Account Total RECEIPTS Interest Income $ 7,481.17 $ 113,915.12 $ 25,220.22 $ 146,616.51 Trust Distributions $

Easement/Lease/Property Sale Income 3,003.07 3,003.07 24,024.21 30,030.35 TOTAL RECEIPTS 10,484.24 116,918.19 49,244.43 176,646.86 Proposed Over (Under)

EXPENSES Budget Budget Administrative Expenses Trustee & Administrator Fees 145,477.25 - - 145,477.25 251,402.00 (105,924.75)

Site Maintenance & Security 4,035.50 - - 4,035.50 11,600.00 (7,564.50)

Utilities 5,139.75 - - 5,139.75 8,000.00 (2,860.25)

Legal & Professional Fees 7,937.00 - - 7,937.00 10,000.00 (2.063.00)

Taxes 664.00 - - 664.00 2,000.00 (1.336.00) 163,253.50 - - 163,253.50 283,002.00 (119,748.50)

Federal Expenses License Compliance - 542,900.05 - 542,900.05 697,895.00 (154,994.95)

License Admendment Request - 919,007.13 - 919,007.13 2,489,141.80 (1,570,134.67)

Agency Fees - 373,941.00 - 373,941.00 800,000.00 (426.059.00)

- 1,835,848.18 - 1,835,848.18 3,987,036.80 (2,151,188.62)

State Expenses License Admendment Request - - 67,333.40 67,333.40 181,611.20 (114,277.80)

Agency Fees - - 15,426.06 15,426.06 66,000.00 (50,573.94)

- - 82,759.46 82,759.46 247,611.20 (164,851.74)

Unanticipated Work Additional Activities 138,540.00 (138.540.00)

TOTAL EXPENSES 163,253.50 1,835,848.18 82,759.46 2,081,861.14 4,656,190.00 $ (2,574,328.86)

CHANGES IN NET ASSETS (152,769.26) (1,718,929.99) (33,515.03) (1,905,214.28)

NET ASSETS, beginning of period 3,743,696.47 56,975,771.89 12,598,663.50 73,318,131.86 NET ASSETS, end of period $ 3,590,927.21 $ 55,256,841.90 $ 12,565,148.47 $ 71,412,917.58

Cimarron Environmental Response Trust Statement of Receipts and Expenses and Changes in Net Assets For Quarter ending December 31, 2021 Federal State Administrative Account Account Account Total RECEIPTS Interest Income $ 1,828.92 $ 28,121.52 $ 6,284.16 36,234.60 Trust Distributions $ $ $

Easement/Lease/Properly Sale Income $ 781.16 $ 781.16 $ 6,249.12 7,811.44 TOTAL RECEIPTS 2,610.08 28,902.68 12,533.28 44,046.04 EXPENSES Administrative Expenses Trustee & Administrator Fees 50,058.23 - - 50,058.23 Site Maintenance & Security 878.36 - - 878.36 Utilities 1,235.90 - - 1,235.90 Legal & Professional Fees 4,820.00 - - 4,820.00 Taxes 146.50 - - 146.50 57,138.99 - -

57,138.99 Federal Expenses License Compliance - 245,442.00 - 245,442.00 License Admendment Request - 369,477.32 - 369,477.32 Agency Fees - 148,230.00 - 148,230.00

- 763,149.32 - 763,149.32 State Expenses License Admendment Request - - 27,030.92 27,030.92 Agency Fees - - - -

- - 27,030.92 27,030.92 Unanticipated Work Additional Activities - - _ _

TOTAL EXPENSES 57,138.99 763,149.32 27,030.92 847,319.23 CHANGES IN NET ASSETS (54,528.91) (734,246.64) (14,497.64) (803,273.19)

NET ASSETS, beginning of period 3,645,456.12 55,991,088.54 12,579,646.11 72,216,190.77 NET ASSETS, end of period $ 3,590,927.21 $ 55,256,841.90 $ 12,565,148.47 $ 71,412,917.58