-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WyS+dO86dM9rzNviTCghvk2Dt3TRdgIJ9lULrPk70a8m1UI7gg0UqCNMepvXDcmn nJOY+EVV5vNJbNCR0Tgmpg== 0001035449-03-000395.txt : 20031030 0001035449-03-000395.hdr.sgml : 20031030 20031030135821 ACCESSION NUMBER: 0001035449-03-000395 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030831 FILED AS OF DATE: 20031030 EFFECTIVENESS DATE: 20031030 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERIPRIME FUNDS CENTRAL INDEX KEY: 0001000579 IRS NUMBER: 752616671 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-09096 FILM NUMBER: 03966144 BUSINESS ADDRESS: STREET 1: 431 NORTH PENNSYLVANIA STREET 2: STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46204 BUSINESS PHONE: 317-917-7000 MAIL ADDRESS: STREET 1: 431 NORTH PENNSYLVANIA STREET 2: STREET CITY: INDIANAPOLIS STATE: IN ZIP: 46204 NSAR-B 1 imsincomeanswer.fil AMERIPRIME FUNDS PAGE 1 000 B000000 08/31/2003 000 C000000 0001000579 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 AMERIPRIME FUNDS 001 B000000 811-09096 001 C000000 3179177000 002 A000000 431 NORTH PENNSYLVANIA STREET 002 B000000 INDIANAPOLIS 002 C000000 IN 002 D010000 46204 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 24 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 007 C012100 21 007 C012200 22 007 C012300 23 007 C012400 24 007 C012500 25 007 C012600 26 007 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ASSOCIATES CPA'S, INC. 013 B013401 WESTLAKE 013 B023401 OH 013 B033401 44145 015 A003401 US BANK 015 B003401 C 015 C013401 CINCINNATI 015 C023401 OH 015 C033401 45201 015 E013401 X 018 003400 Y 019 A003400 N 019 B003400 0 024 003400 N 025 D003401 0 025 D003402 0 025 D003403 0 025 D003404 0 025 D003405 0 025 D003406 0 025 D003407 0 025 D003408 0 028 A013400 1467 028 A023400 30 028 A033400 0 028 A043400 33 028 B013400 3231 028 B023400 41 028 B033400 0 028 B043400 367 028 C013400 3694 028 C023400 94 028 C033400 0 028 C043400 293 028 D013400 4330 028 D023400 84 028 D033400 0 028 D043400 318 028 E013400 5244 028 E023400 66 028 E033400 0 PAGE 5 028 E043400 68 028 F013400 3531 028 F023400 189 028 F033400 0 028 F043400 1285 028 G013400 21497 028 G023400 504 028 G033400 0 028 G043400 2364 028 H003400 0 029 003400 N 030 A003400 0 030 B003400 0.00 030 C003400 0.00 031 A003400 0 031 B003400 0 032 003400 0 033 003400 0 034 003400 N 035 003400 0 036 B003400 0 037 003400 Y 038 003400 1 039 003400 N 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A003400 Y 062 B003400 0.0 062 C003400 0.0 062 D003400 0.0 062 E003400 0.0 062 F003400 0.0 062 G003400 0.0 062 H003400 0.0 062 I003400 0.0 062 J003400 0.0 PAGE 7 062 K003400 0.0 062 L003400 0.0 062 M003400 0.0 062 N003400 0.0 062 O003400 0.0 062 P003400 22.2 062 Q003400 0.0 062 R003400 75.3 063 A003400 0 063 B003400 4.3 064 A003400 N 064 B003400 N 066 A003400 N 067 003400 N 068 A003400 N 068 B003400 N 069 003400 N 070 A013400 Y 070 A023400 N 070 B013400 Y 070 B023400 N 070 C013400 N 070 C023400 N 070 D013400 Y 070 D023400 N 070 E013400 N 070 E023400 N 070 F013400 N 070 F023400 N 070 G013400 N 070 G023400 N 070 H013400 N 070 H023400 N 070 I013400 N 070 I023400 N 070 J013400 Y 070 J023400 N 070 K013400 Y 070 K023400 Y 070 L013400 Y 070 L023400 N 070 M013400 N 070 M023400 N 070 N013400 Y 070 N023400 N 070 O013400 Y 070 O023400 N 070 P013400 N 070 P023400 N 070 Q013400 N 070 Q023400 N PAGE 8 070 R013400 N 070 R023400 N 071 A003400 27126 071 B003400 2138 071 C003400 12082 071 D003400 18 072 A003400 12 072 B003400 284 072 C003400 553 072 D003400 0 072 E003400 0 072 F003400 120 072 G003400 11 072 H003400 0 072 I003400 12 072 J003400 5 072 K003400 0 072 L003400 1 072 M003400 2 072 N003400 18 072 O003400 0 072 P003400 0 072 Q003400 16 072 R003400 11 072 S003400 7 072 T003400 0 072 U003400 0 072 V003400 0 072 W003400 2 072 X003400 205 072 Y003400 18 072 Z003400 650 072AA003400 0 072BB003400 60 072CC013400 459 072CC023400 0 072DD013400 633 072DD023400 0 072EE003400 0 073 A013400 0.5102 073 A023400 0.0000 073 B003400 0.0000 073 C003400 0.0000 074 A003400 64 074 B003400 0 074 C003400 0 074 D003400 6688 074 E003400 8181 074 F003400 5563 074 G003400 0 074 H003400 0 PAGE 9 074 I003400 6476 074 J003400 0 074 K003400 0 074 L003400 747 074 M003400 0 074 N003400 27719 074 O003400 0 074 P003400 38 074 Q003400 0 074 R013400 0 074 R023400 0 074 R033400 0 074 R043400 100 074 S003400 0 074 T003400 27581 074 U013400 2485 074 U023400 0 074 V013400 11.10 074 V023400 0.00 074 W003400 0.0000 074 X003400 348 074 Y003400 0 075 A003400 0 075 B003400 11676 076 003400 0.00 080 A003400 GULF INSURANCE COMPANY 080 C003400 750 081 A003400 N 081 B003400 0 082 A003400 Y 082 B003400 5 083 A003400 N 083 B003400 0 084 A003400 N 084 B003400 0 085 A003400 N 085 B003400 N SIGNATURE TIMOTHY ASHBURN TITLE PRESIDENT EX-99.77B 2 internalcontrol.txt AMERIPRIME FUNDS To the Board of Trustees Monteagle Fixed Income Fund (a series of the AmeriPrime Advisors Trust) In planning and performing our audit of the financial statements of the Monteagle Fixed Income Fund (the "Fund") for the fiscal year ended August 31, 2003, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2003. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ McCurdy & Associates CPA's, Inc. McCurdy & Associates CPA's, Inc. Westlake, Ohio September 11, 2003 To the Board of Trustees Monteagle Opportunity Growth Fund (a series of the AmeriPrime Advisors Trust) In planning and performing our audit of the financial statements of the Monteagle Opportunity Growth Fund (the "Fund") for the fiscal year ended August 31, 2003, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2003. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ McCurdy & Associates CPA's, Inc. McCurdy & Associates CPA's, Inc. Westlake, Ohio September 11, 2003 To the Board of Trustees Monteagle Value Fund (a series of the AmeriPrime Advisors Trust) In planning and performing our audit of the financial statements of the Monteagle Value Fund (the "Fund") for the fiscal year ended August 31, 2003, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2003. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ McCurdy & Associates CPA's, Inc. McCurdy & Associates CPA's, Inc. Westlake, Ohio September 11, 2003 To the Board of Trustees Monteagle Large Cap Fund (a series of the AmeriPrime Advisors Trust) In planning and performing our audit of the financial statements of the Monteagle Large Cap Fund (the "Fund") for the fiscal year ended August 31, 2003, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of August 31, 2003. This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ McCurdy & Associates CPA's, Inc. McCurdy & Associates CPA's, Inc. Westlake, Ohio September 11, 2003 -----END PRIVACY-ENHANCED MESSAGE-----