Timothy Lloyd Brooks
2017Annual
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Pull out the substance of this filing.
What was filed
5
investments
1
positions
0
gifts
0
agreements
2
debts
0
reimbursements
0
income
0
spouse income
Named parties
- TLB & MBB Family Investments, LLC
- Citibank
- Amcrican Express
As filed
TLB & MBB Family Investments LLC — None
Bunk of Fayetteville Deposit Accounts — Interest
Wells Fargo Money Market Account — Interest
Wells Fargo IRA — Interest
Arvest Bank Deposit Accounts — Interest
Managing Member (1/1/17 - 12/31/17), TLB & MBB Family Investments, LLC
Liability — Citibank — Credit Card
Liability — Amcrican Express — Credit Card
On June 6, 2017, the Committee sent a letter inquiry regarding my listing of "Arvest Bank Deposit Accounts” on my 2016 report. The letter explamed that "[1}f
this account was opened during the reporting period, the information required in Columns D(1)-(3) should have been provided.” For clarification, my wife and
1 did open Arvest deposit accounts during 2016. The source of those deposits was my wife's severance income (paid in 2016) when she ended her employment
contract (at the end of 2015) with a previous employer. For tax purposes this was treated as personal income to my wife,
Additionally, in June 2016 we sold our home. The equity proceeds from that sale were deposited into the Arvest deposit accounts. In July 2016 we purchased a lot
and began building a new house --- using the equity proceeds from our old house (that were deposited into the Arvest accounts) during the building process -- that
occurred during 2016 and 2017.
In Section VII, Line 1, an “investment” is listed called "TLB & MBB Family Investments, LLC." The audit report for the financial disclosure report shows an error
here --- presumably because there is no "income" reported for this entry. This LLC is the vehicle through which my wife and | own an interest in an old family
farm. The property is being held long term. There is no income associated with this LLC.
This is a copy of a public record, reproduced as it was published. It is not legal advice, and it may not be the version a court would rely on. Check the official source before you cite it.