8) Cemetery Perpetual Care Trust Investments and Obligation and Restricted Assets (Tables)

12 Months Ended

Dec. 31, 2020

Notes to Financial Statements

Schedule of the components of the cemetery perpetual care obligation

The components of the cemetery perpetual care investments and obligation are as follows:

	December 31
	2020	2019
Cash and cash equivalents	$       402,913	$     1,306,740
Fixed maturity securities, available for sale, at estimated fair value	747,767	975,673
Equity securities, at estimated fair value	2,062,303	1,605,451
Commerical mortgage loans held for investment	-	524,000
Participating interests in residential construction mortgage loans     held for investment with Security National Life	1,468,600	-
Real estate held for investment	1,731,584	-
Note receivables from Cottonwood Mortuary, Singing Hills
Cemetery and Memorial Estates eliminated in consolidation	-	1,541,120
Total cemetery perpetual care trust investments	6,413,167	5,952,984
Cemetery perpetual care obligation	(4,087,704)	(3,933,719)
Trust investments in excess of trust obligations	$     2,325,463	$     2,019,265

Schedule of Restricted Assets in Cemetery and Mortuary Endowment Care and Pre need Merchandise Funds

Restricted assets are summarized as follows:

	December 31
	2020	2019
Cash and cash equivalents (1)	$     8,842,744	$     8,674,214
Fixed maturity securities, available for sale, at estimated fair value	1,473,637	1,008,867
Equity securities, at estimated fair value	2,515,778	1,976,480
Participating interests in mortgage loans held for investment    with Security National Life	3,317,877	2,275,756
Total	$   16,150,036	$   13,935,317
(1) Including cash and cash equivalents of $8,524,999 and $7,170,092 as of December 31, 2020 and 2019, respectively, for the life insurance and mortgage segments.