-----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, WQUlDV2VGi603oSI1k0K2ihz91J9bIftu1PkfgZUsymnV96OO/Ky6AlBlzq+IP73 owG//zZNxLVgE9jF1BVTQA== 0000950152-97-004798.txt : 19970630 0000950152-97-004798.hdr.sgml : 19970630 ACCESSION NUMBER: 0000950152-97-004798 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961231 FILED AS OF DATE: 19970627 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: DOMINION HOMES INC CENTRAL INDEX KEY: 0000917857 STANDARD INDUSTRIAL CLASSIFICATION: OPERATIVE BUILDERS [1531] IRS NUMBER: 311393233 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-23270 FILM NUMBER: 97630917 BUSINESS ADDRESS: STREET 1: 5501 FRANTZ RD CITY: DUBLIN STATE: OH ZIP: 43017-0766 BUSINESS PHONE: 6147616000 MAIL ADDRESS: STREET 1: 5501 FRANTZ RD CITY: DUBLIN STATE: OH ZIP: 43017 FORMER COMPANY: FORMER CONFORMED NAME: BORROR CORP DATE OF NAME CHANGE: 19940124 11-K 1 BORROR CORP. FORM 11-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 11-K (Mark One) (X) ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 1996 OR ( ) TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 33-76290 A. Full title of the plan and the address of the plan, if different from that of the issuer named below: BORROR CORPORATION RETIREMENT PLAN AND TRUST B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: DOMINION HOMES, INC. (FORMERLY BORROR CORPORATION) 5501 FRANTZ ROAD P.O. BOX 7166 DUBLIN, OHIO 43017-0766 Exhibit Index on Page 19 Page 1 of 20 2 REQUIRED INFORMATION The following financial statements and schedules for Borror Corporation Retirement Plan and Trust which are prepared in accordance with the Employee Retirement Income Security Act of 1974 are being filed herewith: Description Page No. - ----------- -------- Index to Financial Statements Page 5 Audited Financial Statements: Report of Independent Accountants Page 6 Statements of Net Assets Available for Benefits as Page 7 of December 31, 1996 and December 31, 1995 Statements of Changes in Net Assets Available for Page 8 Benefits for the Years Ended December 31, 1996 and December 31, 1995 Notes to Financial Statements Pages 9-16 Supplemental Schedules: Item 27a - Schedule of Assets Held for Investment Page 17 Purposes as of December 31, 1996 Item 27d - Schedule of Reportable Transactions Page 18 for the Year Ended December 31, 1996 Note: Supplemental schedules required by the Employee Retirement Income Security Act of 1974 that have not been included herein are not applicable to Borror Corporation Retirement Plan and Trust. The following exhibit is being filed herewith: Exhibit No. Description Page No. - ----------- ----------- -------- 1 Consent of Independent Accountants Page 20 2 3 SIGNATURES The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on the Plan's behalf by the undersigned hereunto duly authorized. BORROR CORPORATION RETIREMENT PLAN AND TRUST Date: June 26, 1997 By: */s/ Terry E. George ---------------------------- Terry E. George, Co-Trustee 3 4 BORROR CORPORATION RETIREMENT PLAN AND TRUST REPORT ON AUDITS OF FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 1996 AND 1995 5 BORROR CORPORATION RETIREMENT PLAN AND TRUST INDEX PAGES Report of Independent Accountants 6 Financial Statements: Statements of Net Assets Available for Benefits 7 Statements of Changes in Net Assets Available for Benefits 8 Notes to the Financial Statements 9-16 Supplemental Schedules: Item 27a--Schedule of Assets Held for Investment Purposes 17 Item 27d--Schedule of Reportable Transactions 18 6 REPORT OF INDEPENDENT ACCOUNTANTS To the Trustees of Borror Corporation Retirement Plan and Trust We have audited the accompanying statements of net assets available for benefits of Borror Corporation Retirement Plan and Trust as of December 31, 1996 and 1995, and the related statements of changes in net assets available for benefits for the years then ended. These financial statements are the responsibility of the Plan's management. Our responsibility is to express an opinion on these financial statements based on our audits. We conducted our audits in accordance with generally accepted auditing standards. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion. In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 1996 and 1995, and changes in net assets available for benefits for the years then ended in conformity with generally accepted accounting principles. Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment purposes and reportable transactions are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole. Columbus, Ohio June 6, 1997 7 BORROR CORPORATION RETIREMENT PLAN AND TRUST STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS as of December 31, 1996 and 1995
1996 1995 ---------- ---------- Assets: Investments at fair market value (cost is $3,090,663 and $2,883,055 for 1996 and 1995, respectively) $3,550,733 $3,158,718 Cash, bearing interest at money market rates 32,426 272,046 Employer contributions receivable 279,215 291,496 Employee contributions receivable 16,258 11,706 Accrued interest receivable and other 818 525 ---------- ---------- Total assets 3,879,450 3,734,491 ---------- ---------- Liabilities: Participant refunds payable 34,674 5,188 ---------- ---------- Total liabilities 34,674 5,188 ---------- ---------- Net assets available for benefits $3,844,776 $3,729,303 ========== ==========
The accompanying notes are an integral part of the financial statements. 7 8 BORROR CORPORATION RETIREMENT PLAN AND TRUST STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS for the years ended December 31, 1996 and 1995
1996 1995 ----------- ----------- Additions: Employee contributions $ 424,944 $ 502,994 Employer contributions 295,715 305,826 Interest and dividend income 17,093 6,883 Net appreciation in the fair value of investments 417,486 478,541 Deductions: Participant benefits (993,154) (603,051) Administrative expenses (46,611) (41,845) ----------- ----------- Net additions 115,473 649,348 Net assets available for benefits, beginning of year 3,729,303 3,079,955 ----------- ----------- Net assets available for benefits, end of year $ 3,844,776 $ 3,729,303 =========== ===========
The accompanying notes are an integral part of the financial statements. 8 9 BORROR CORPORATION RETIREMENT PLAN AND TRUST NOTES TO THE FINANCIAL STATEMENTS 1. DESCRIPTION OF THE PLAN: Dominion Homes, Inc. (formerly Borror Corporation)(the Employer) established Borror Corporation Retirement Plan and Trust (the Plan) effective July 1, 1985. The Plan is a defined contribution plan intended to comply with Sections 401(a) and (k) of the Internal Revenue Code. Effective July 1, 1995, employees are eligible to participate in the Plan upon the latest of: a) the attainment of age 21; b) the completion of six months of service; and c) classification as a regular full-time employee, exclusive of employees for whom retirement benefits have been the subject of good faith collective bargaining. Prior to July 1, 1995, employees were eligible to participate in the Plan upon the attainment of age 21 and the completion of six months and 500 hours of service, exclusive of employees for whom retirement benefits have been the subject of good faith collective bargaining. Participants may invest in seven investment fund options. These options include the Dominion Homes, Inc. Stock Fund, the Balanced Fund, the Growth Fund, the Income Fund, the Fidelity Growth Fund, the Huntington Monitor Money Market Fund, and the Huntington Monitor Treasury Money Market Fund. The Balanced Fund, Growth Fund and Income Fund are Huntington Asset Allocation Funds with investments in equity and fixed income investments. The Employer is required to make annual retirement contributions to the Plan from its current or accumulated profits, if any, equal to 2% of the compensation paid to participants. Eligible participants for this purpose include those making contributions to the Plan during the period, employed on the last day of the plan year and have at least 1,000 hours of service during a calendar year. The Employer may make additional discretionary annual retirement contributions to the Plan from its current or accumulated profits, if any. The Employer's retirement contributions to the Plan for each plan year are allocated among those participants employed by the Employer as of the last day of such plan year in the ratio that the compensation of each such participant during the plan year bears to the total compensation received by all such participants during the plan year. Effective January 1, 1997, the Plan will provide for matching and profit sharing allocations without regard to employment on the last day of the plan year or the completion of 1,000 hours of service during the plan year. 9 10 BORROR CORPORATION RETIREMENT PLAN AND TRUST NOTES TO THE FINANCIAL STATEMENTS, CONTINUED A participant in the Plan may enter into a salary reduction agreement with the Employer, authorizing the Employer to withhold a percentage of such participant's compensation and to contribute such amount to the Plan on their behalf. If a participant has not authorized the Employer to withhold at the maximum rate and desires to increase the total amount withheld for a plan year, such participant may authorize the Employer to withhold a supplemental amount up to 100% of their compensation for one or more pay periods. In no event may the sum of the amounts withheld under the Salary Reduction Agreement plus the supplemental withholding in any calendar year exceed $9,500. In accordance with Section 401(k) of the Internal Revenue Code, all amounts withheld from a participant's compensation in accordance with this section and contributed to their Salary Reduction Account are not to be included in the gross income of the participant for federal income tax purposes and are deemed, for tax purposes, to be an employee contribution to the Plan. The Employer is required to make matching contributions to the Plan from its current or accumulated profits, if any, equal to 25% of the salary reduction contributions made by participants who are employed on the last day of the plan year provided, however, that such matching contributions shall not exceed 1.5% of such participant's compensation for the plan year, subject to the limitations as published from time to time by the Internal Revenue Service. In no event may the sum of the amounts credited to a participant's Salary Reduction Account, Retirement Account and Matching Contribution Account in any plan year exceed the lesser of 25% of the participant's compensation for the plan year or $30,000. Income and losses on investments are allocated quarterly to the participant's account based on the ratio of the participant's prior quarterly account balance plus one half of the participant's current quarterly contributions less any quarterly distributions/withdrawals to the exact formula applied to the investment in total. This ratio is multiplied by the investment's income/loss for the quarter to determine the participant's allocation. A participant's interest in their Salary Reduction Account, Rollover Account, Retirement Account and Matching Contribution Account shall be fully vested and nonforfeitable at all times. Benefits under the Plan are generally payable upon the earliest occurrence of a participant's death, disability or retirement at or after attainment of normal retirement age. On termination of service due to death, disability or retirement, a participant may elect to receive either a lump-sum amount equal to the value of the participant's vested interest in their account, or in equal monthly, quarterly, semiannual or annual installments over a period not to exceed ten years. For termination of service due to other reasons, a participant may receive the value of the vested interest in their account as a lump-sum distribution. Notwithstanding the foregoing, a participant's Salary Reduction Account may also be distributed in the event of certain financial hardships or the attainment of age 55. 10 11 BORROR CORPORATION RETIREMENT PLAN AND TRUST NOTES TO THE FINANCIAL STATEMENTS, CONTINUED The Employer reserves the right at any time to amend or terminate this Plan or to suspend contributions thereto, provided that no such amendment, termination or suspension shall have the effect of giving the Employer any right or interest, or of revoking or diminishing the rights and interests of any participant in the funds then held by the Trustee. 2. ACCOUNTING POLICIES: The following is a summary of significant accounting policies followed in the preparation of the financial statements. The policies conform to generally accepted accounting principles. A. INVESTMENT VALUATION AND INCOME RECOGNITION: Investments in the Employer's common stock, asset allocation funds, money market funds, and government securities and bonds traded on a national securities exchange are valued at the last reported sales price on the last business day of the plan year. Security transactions are reflected on a trade-date basis, which is not materially different from a settlement-date basis. Income from investments is recorded as earned, on an accrual basis. In the statements of changes in net assets available for plan benefits, the Plan presents the net appreciation (depreciation) in the fair value of its investments, which consists of the net realized gains or losses and the net unrealized appreciation (depreciation) on those investments. B. CONTRIBUTIONS TO THE PLAN: Contributions by the Employer are accrued and credited based upon amounts as described in Note 1 as of the end of each plan year. C. ADMINISTRATIVE EXPENSES: Administrative expenses are paid by the trustee from the net assets of the Plan. Approximately $47,000 and $42,000 in administrative expenses were incurred for the years ended December 31, 1996 and 1995, respectively. D. USE OF ESTIMATES: The preparation of the Plan's financial statements in conformity with generally accepted accounting principles requires the plan administrator to make significant estimates and assumptions that affect the reported amounts of net assets available for benefits at the date of the financial statements and the changes in the net assets available for benefits during the reporting period and, when applicable, disclosures of contingent assets and liabilities at the date of the financial statements. Actual results could differ from those estimates. E. RISKS AND UNCERTAINTIES: The Plan provides for various investment options in any combination of stocks, mutual funds, and other investment securities. Investment securities are exposed to various risks, such as interest rate, market, and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that 11 12 BORROR CORPORATION RETIREMENT PLAN AND TRUST NOTES TO THE FINANCIAL STATEMENTS, CONTINUED changes in the values of investment securities will occur in the near term and that such changes could materially affect participants' account balances and the amounts reported in the statement of net assets available for plan benefits. 3. INVESTMENTS: Investments at December 31, 1996 and 1995 are as follows:
1996 -------------------------- INVESTMENTS COST FAIR VALUE ----------------------------------------------- ------------ ------------ Huntington Asset Allocation Fund--Balanced (a) $ 800,233 $1,017,179 Huntington Asset Allocation Fund--Growth (a) 895,024 1,143,363 Huntington Asset Allocation Fund--Income (a) 325,354 384,774 Fidelity Growth Fund 148,483 161,090 Dominion Homes, Inc. Stock Fund (a) 758,994 681,752 Huntington Monitor Money Market Fund 160,400 160,400 Huntington Monitor Treasury Money Market Fund 2,175 2,175 ---------- ---------- $3,090,663 $3,550,733 ========== ========== 1995 -------------------------- INVESTMENTS COST FAIR VALUE ----------------------------------------------- ------------ ------------ Huntington Asset Allocation Fund--Balanced (a) $1,130,041 $1,340,544 Huntington Asset Allocation Fund--Growth (a) 690,172 841,307 Huntington Asset Allocation Fund--Income (a) 578,972 669,570 Dominion Homes, Inc. Stock Fund (a) 367,690 191,117 Huntington Monitor Money Market Fund 116,180 116,180 ---------- ---------- $2,883,055 $3,158,718 ========== ========== (a) Investment represents 5% or more of net assets available for benefits at December 31, 1996 and 1995, respectively.
12 13 BORROR CORPORATION RETIREMENT PLAN AND TRUST NOTES TO THE FINANCIAL STATEMENTS, CONTINUED 4. PARTICIPANT-DIRECTED INVESTMENTS: In accordance with the salary reduction provisions of the Plan, each participant designates the percentage of Employer and participant contributions invested in the following funds: x Balanced Fund x Growth Fund x Income Fund x Dominion Homes, Inc. Stock Fund x Fidelity Growth Fund x Huntington Monitor Money Market Fund x Huntington Monitor Treasury Money Market Fund As of January 1, 1997, three additional funds were available to participants: the Managers Special Equity Fund, the Vanguard Index 500 Fund, and the T. Rowe Price International Fund. The Employer contributions receivable at December 31, 1996 and 1995 were allocated to the investment options based on contributions made during the first quarter of 1997 and 1996. 13 14 BORROR CORPORATION RETIREMENT PLAN AND TRUST NOTES TO THE FINANCIAL STATEMENTS, CONTINUED The allocation of net assets at December 31, 1996, and changes in net assets since January 1, 1996, for each fund is as follows:
HUNTINGTON MONITOR DOMINION TREASURY HOMES, INC. FIDELITY MONEY BALANCED GROWTH INCOME STOCK GROWTH MARKET FUND FUND FUND FUND FUND FUND ----------- ----------- ----------- ----------- ----------- ------------ Net assets available for benefits, beginning year of $1,570,933 $1,027,918 $ 739,618 $ 206,907 $ 9,401 $ 65,653 Employer contributions 66,387 102,925 26,012 16,500 29,224 Employee contributions 106,774 180,364 37,470 61,557 38,511 268 Interest and dividend income 270 8,459 8,060 Net appreciation (deprecia- tion) in the fair value of investments 157,492 159,227 34,925 50,961 14,881 Participant termination benefits (565,016) (284,424) (65,485) (53,695) (1,159) (23,375) Administrative expenses (18,421) (13,666) (8,908) (3,338) (1,222) (455) Transfers (229,911) 63,663 (348,586) 419,612 92,318 2,922 ----------- ----------- ----------- ----------- ----------- ------------ Change in net assets (482,695) 208,089 (324,572) 491,867 181,012 (12,580) ----------- ----------- ----------- ----------- ----------- ------------ Net assets available for benefits, end of year $1,088,238 $1,236,007 $ 415,046 $ 698,774 $ 190,413 $ 53,073 =========== =========== =========== =========== =========== ============ HUNTINGTON MONITOR T. ROWE MONEY MANAGERS VANGUARD PRICE MARKET SPECIAL INDEX 500 INTERNATIONAL FUND EQUITY FUND FUND FUND TOTAL ------------ ------------ ----------- ------------ ------------ Net assets available for benefits, beginning year of $ 108,873 $ 3,729,303 Employer contributions 47,204 $ 5,010 $ 1,773 $ 680 295,715 Employee contributions 424,944 Interest and dividend income 304 17,093 Net appreciation (deprecia- tion) in the fair value of investments 417,486 Participant termination benefits (993,154) Administrative expenses (601) (46,611) Transfers (18) ------------ ------------ ----------- ------------ ------------ Change in net assets 46,889 5,010 1,773 680 115,473 ------------ ------------ ----------- ------------ ------------ Net assets available for benefits, end of year $ 155,762 $ 5,010 $ 1,773 $ 680 $ 3,844,776 ============ ============ =========== ============ ============
14 15 BORROR CORPORATION RETIREMENT PLAN AND TRUST NOTES TO THE FINANCIAL STATEMENTS, CONTINUED The allocation of net assets at December 31, 1995, and changes in net assets since January 1, 1995, for each fund is as follows:
HUNTINGTON DOMINION MONITOR HUNTINGTON HOMES, TREASURY MONITOR INC. FIDELITY MONEY MONEY BALANCED GROWTH INCOME STOCK GROWTH MARKET MARKET FUND FUND FUND FUND FUND FUND FUND TOTAL ------------ ------------ ----------- ---------- -------- ----------- --------- ----------- Net assets available for benefits, beginning of year $ 1,296,338 $ 760,184 $ 674,058 $ 246,588 $102,787 $3,079,955 Employer contributions 64,417 99,860 25,358 41,137 $ 9,401 $ 65,653 305,826 Employee contributions 169,672 215,699 62,732 54,891 502,994 Interest and dividend income 180 137 70 415 6,081 6,883 Net appreciation (deprecia- tion) in the fair value of investments 267,056 190,901 116,058 (95,474) 478,541 Participant termination benefits (226,373) (221,188) (131,621) (23,869) (603,051) Administrative expenses (17,862) (10,563) (9,122) (3,844) (454) (41,845) Transfers 17,505 (7,112) 2,085 (12,937) 459 ------------ ------------ ----------- ---------- -------- ----------- --------- ----------- Change in net assets 274,595 267,734 65,560 (39,681) 9,401 65,653 6,086 649,348 ------------ ------------ ----------- ---------- -------- ----------- --------- ----------- Net assets available for benefits, end of year $ 1,570,933 $ 1,027,918 $ 739,618 $ 206,907 $ 9,401 $ 65,653 $108,873 $3,729,303 ============ ============ =========== ========== ======== =========== ========= ===========
5. TAX STATUS: The Plan meets the requirements of Sections 401(a), 401(k) and 501(a) of the Internal Revenue Code, as amended by the Employee Retirement Income Security Act of 1974 (ERISA). The Plan qualifies as and has been granted favorable determination of tax-exempt status under Section 501(a). The Plan obtained its latest determination letter on May 6, 1996, in which the Internal Revenue Service stated that the Plan, as then designed, was in compliance with the applicable requirements of the Internal Revenue Code. The Plan has been amended since receiving the determination letter. However, the plan administrator and the Plan's tax counsel believe that the Plan is currently designed and being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the Plan's financial statements. 6. INVESTMENTS IN DOMINION HOMES, INC.: The Plan held, at fair value, $681,752 and $191,117 of Dominion Homes, Inc. common shares (Employer securities) at December 31, 1996 and 1995, respectively. The Plan purchased 115,572 and 18,000 shares of Dominion Homes, Inc. common shares at a cost of $514,728 and $72,915 in 1996 and 1995, respectively. The Plan sold 12,276 and 8,903 Dominion Homes, Inc. common shares for $51,575 and $35,119 with realized losses of $25,150 and $18,740 in 1996 and 1995, respectively. 15 16 BORROR CORPORATION RETIREMENT PLAN AND TRUST NOTES TO THE FINANCIAL STATEMENTS, CONTINUED 7. RECONCILIATION OF THE FINANCIAL STATEMENTS TO FORM 5500: The following is a reconciliation of net assets available for benefits per the financial statements to Form 5500:
DECEMBER 31, ---------------------------- 1996 1995 ----------- ----------- Net assets available for benefits per the financial statements $3,844,776 $3,729,303 Amounts allocated to withdrawing participants (31,857) (68,120) ----------- ----------- Net assets available for benefits per Form 5500 $3,812,919 $3,661,183 =========== ===========
The following is a reconciliation of benefits paid to participants per the financial statements to Form 5500:
YEAR ENDED DECEMBER 31, 1996 --------- Benefits paid to participants per the financial statements $993,154 Add: Amounts allocated to withdrawing participants at December 31, 1996 31,857 Less: Amounts allocated to withdrawing participants at December 31, 1995 (68,120) --------- Benefits paid to participants per Form 5500 $956,891 =========
Amounts allocated to withdrawing participants are recorded on Form 5500 for benefits claims that have been processed and approved for payment prior to year-end but not yet paid as of that date. 16 17 BORROR CORPORATION RETIREMENT PLAN AND TRUST ITEM 27a--SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES as of December 31, 1996
CURRENT INVESTMENTS COST VALUE Huntington Asset Allocation Fund--Balanced $800,233 $1,017,179 Huntington Asset Allocation Fund--Growth 895,024 1,143,363 Huntington Asset Allocation Fund--Income 325,354 384,774 Fidelity Growth Fund 148,483 161,090 Dominion Homes, Inc. Stock Fund 758,994 681,752 Huntington Monitor Money Market Fund 160,400 160,400 Huntington Monitor Treasury Money Market Fund 2,175 2,175 ---------- ---------- $3,090,663 $3,550,733 ========== ==========
17 18 BORROR CORPORATION RETIREMENT PLAN AND TRUST ITEM 27d--SCHEDULE OF REPORTABLE TRANSACTIONS for the year ended December 31, 1996
TOTAL TOTAL DOLLAR DOLLAR NET GAIN NUMBER OF NUMBER OF VALUE OF VALUE OF (LOSS) ON DESCRIPTION PURCHASES SALES PURCHASES SALES SALES Huntington Asset Allocation Fund--Income 28 39 $ 64,001 $382,538 $ 279,182 Huntington Asset Allocation Fund--Growth 32 45 390,430 247,610 62,032 Huntington Asset Allocation Fund--Balanced 29 53 180,931 661,788 151,048 Dominion Homes, Inc. Stock Fund 17 39 514,728 51,575 (25,150) Fidelity Growth Fund 37 15 178,515 32,307 2,275 Huntington Asset Allocation Fund--Income 1 212,000 39,626 Dominion Homes, Inc. Stock Fund 1 209,250 Dominion Homes, Inc. Stock Fund 1 218,250
The single transactions within this schedule are also included as components of the series of transactions under the same description. 18 19 BORROR CORPORATION RETIREMENT PLAN AND TRUST ANNUAL REPORT ON FORM 11-K FOR FISCAL YEAR ENDED DECEMBER 31, 1996 INDEX TO EXHIBITS
EXHIBIT NO. DESCRIPTION PAGE NO. - ----------- ----------- -------- 1 CONSENT OF INDEPENDENT ACCOUNTANTS PAGE 20
19 EX-1 2 EXHIBIT 1 1 CONSENT OF INDEPENDENT ACCOUNTANTS We consent to the incorporation by reference in the Registration Statement of Dominion Homes, Inc. (formerly Borror Corporation) on Form S-8 (No. 33-76290) of our report dated June 6, 1997 on our audits of the statements of net assets available for benefits of Borror Corporation Retirement Plan and Trust as of December 31, 1996 and 1995 and the related statements of changes in net assets available for benefits for the years then ended which report is included in this Form 11-K. COOPERS & LYBRAND, L.L.P. Columbus, Ohio June 26, 1997 20 -----END PRIVACY-ENHANCED MESSAGE-----