XML 35 R22.htm IDEA: XBRL DOCUMENT v3.5.0.2
Transactions with General Partner and its Affiliates (Tables)
6 Months Ended
Jun. 30, 2016
Related Party Transactions [Abstract]  
Schedule of Amounts Paid and/or Accrued to General Partner and its Affiliates

Amounts paid and/or accrued to the General Partner and its affiliates for the three and six month periods ended June 30, 2016 and 2015 are as follows:

 

    Three Month     Three Month     Six Month     Six Month  
    Period ended     Period ended     Period ended     Period ended  
    June 30, 2016     June 30, 2015     June 30, 2016     June 30, 2015  
    (Unaudited)     (Unaudited)     (Unaudited)     (Unaudited)  
General Partner                                
                                 
Management fees   $ 66,825     $ 66,744     $ 133,596     $ 132,778  
Overhead allowance     5,391       5,385       10,778       10,712  
Other outsourced administrative fees     0       300       0       788  
Reimbursement for out-of-pocket expenses     0       0       2,500       2,500  
Cash distribution due to partner     392       509       512       535  
    $ 72,608     $ 72,938     $ 147,386     $ 147,313  

Schedule of Beneficial Ownership of Partnership's Principal Executive Officer

The following table identifies the beneficial ownership of Mr. Provo, who, controls the General Partner, and performs the functions of the Partnership’s principal executive officer. Mr. Provo is the only person performing the function of an executive officer of the Partnership that beneficially owns any limited partnership interests.

 

Title of

Class

 

Name of

Beneficial Owner(1)

  Amount and Nature of Beneficial Ownership    

Percentage of

Class

Outstanding(3)

 
Limited Partnership Interest   Bruce A. Provo     200 (2)     0.43 %
                     

 

  (1) A beneficial owner of a security includes a person who, directly or indirectly, has or shares voting or investment power with respect to such security. Voting power is the power to vote or direct the voting of the security and investment power is the power to dispose or direct the disposition of the security.
     
  (2) Bruce A. Provo is deemed to have beneficial ownership of all of TPG Finance Corp.’s limited partnership interests in the Partnership due to his control as President of TPG Finance Corp.
     
  (3) Based on 46,280.3 limited partnership interests outstanding as of June 30, 2016.