TWO - Heppner Gazette-Times, Heppner, Oregon
Wednesday, February 8, 2017
The Official Newspaper
of the City of Heppner and the County of Morrow
Heppner
GAZETTE-TIMES
U.S.P.S. 240-420
Morrow County’s Home-Owned Weekly Newspaper
SEARCH OLD COPIES OF THE HEPPNER GAZETTE-TIMES ON-LINE:
http://oregonnews.uoregon.edu/
Published weekly by Sykes Publishing, LLC and entered as periodical matter at the
Post Office at Heppner, Oregon under the Act of March 3, 1879. Periodical postage
paid at Heppner, Oregon. Office at 188 W. Willow Street. Telephone (541) 676-
9228. Fax (541) 676-9211. E-mail: editor@rapidserve.net or david@rapidserve.
net. Web site: www.heppner.net. Postmaster send address changes to the Heppner
Gazette-Times, P.O. Box 337, Heppner, Oregon 97836. Subscriptions: $30 in Morrow
County; $24 senior rate (in Morrow County only; 65 years or older); $36 elsewhere;
$30 student subscriptions.
David Sykes ..............................................................................................Publisher
Andrea Di Salvo ............................................................................................ Editor
All News and Advertising Deadline is Monday at 5 p.m.
For Advertising: advertising deadline is Monday at 5 p.m. Cost for a display ad is $5 per
column inch. Cost for classified ad is 50¢ per word. Cost for Card of Thanks is $10 up to
100 words. Cost for a classified display ad is $5.75 per column inch.
For Public/Legal Notices: public/legal notices deadline is Monday at 5 p.m. Dates for pub-
lication must be specified. Affidavits must be required at the time of submission. Affidavits
require three weeks to process after last date of publication (a sooner return date must be
specified if required).
For Obituaries: Obituaries are published in the Heppner GT at no charge and are edited to
meet news guidelines. Families wishing to include information not included in the guidelines
or who wish to have the obituary written in a certain way must purchase advertising space
for the obituary.
For Letters to the Editor: Letters to the Editor MUST be signed by the author. The Heppner
GT will not publish unsigned letters. All letters MUST include the author’s address and phone
number for use by the GT office. The GT reserves the right to edit letters. The GT is not
responsible for accuracy of statements made in letters. Any letters expressing thanks will
be placed in the classifieds under “Card of Thanks” at a cost of $10.
‘Asher’s Army’
dinner, auction
this Saturday
An “Asher’s Army”
benefit dinner and auction
for Asher Schonbachler is
planned for this Saturday,
Feb. 11, at 6 p.m. at the
Heppner Elk’s Lodge. Din-
ner will be $20 for adults,
or $10 for children 10 years
and younger.
Asher has been diag-
nosed with leukodystrophy,
also known as Vanishing
White Matter Disease. The
family has asked that pro-
ceeds go to research to find
a cure.
The evening will in-
clude dinner, music, and si-
lent and live auctions. Auc-
tion items are being added
continually, but items will
include Trailblazer tick-
ets, several canvas prints
and framed art, Pendleton
Roundup tickets, Roundup
Museum tickets, Happy
Canyon tickets, Hamley’s
gift certificate, half a butch-
ered pig, steer, custom trout
Please
Join Us....
fishing rod, Chris Stapleton
concert tickets, various
quilts, Pendleton blanket,
Asher Schonbachler
50” TV, LuLaRoe outfit,
Usborne books, Valentine’s
gift basket, gift certificate
for 100 homemade peanut
butter cups, gift certificates
for Italian ice cream, Coil
Fabrication headache rack,
and much more.
Anyone who would
like more information or
who would like to donate
may contact Juli at 541-
350-3974.
Asher’s Army
Benefit Dinner for
Asher Schonbachler
Saturday February 11 @ 6pm
at the Elks Lodge in Heppner
Dinner - Music
Silent & Live Auction
If you wish to donate or would like more
information contact Juli at 541-350-3974
Some of the Auction Items:
Trailblazer Tickets - Art - Roundup Tickets
- Gift Certificates - 1/2 Butcher Pig -
Steer - Quilts - Saddle - Concert Tickets
Pendleton Blanket Champion 1500 Watt
Generator - DeWalt Air Compressor - Fit
Bit - Beats headset - 50" Screen TV -
Coil Fab Headache Rack
WE PRINT!
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Box
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N. Wate ton, OR 6889
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2376
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phon (541)
9270
or
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(541 ci.ne
Fax:
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site:
Web
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WILD-
HORSE
RESORT
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& CA-
72777
HWY
Letterhead AND Envelopes
AND MORE!!!
Heppner Gazette
541-676-9228
Bank of EO reports Tax Wise and
Otherwise
2016 earnings
Heppner—BEO Ban-
corp and its subsidiary,
Bank of Eastern Oregon,
announced consolidated
year-end 2016 earnings of
$3,389,000, an increase of
12.3 percent when com-
pared to $3,017,000 in
2015. Basic earnings per
share were up 13.8 percent
from $2.46 in 2015 to $2.80
in 2016. Total assets in-
creased seven percent from
$357.3 million to $382.2
million. Net loans ended
2016 at $302.3 million, up
6.6 percent year-over-year.
Deposits increased seven
percent from $317.7 million
to $340.1 million.
“We are very pleased
with the 2016 results. Net
income is at an all-time
high for BEO Bancorp.
The increase in profits was
fueled by strong net inter-
est income and provision
for loan losses, which was
down 51.7 percent year-
over-year,” said President
and CEO, Jeff Bailey.
“As an agricultural-
based institution, we are
seeing tighter margins for
our farmers and ranchers.
After a number of years
of strong commodity pric-
es, we are seeing the less
pleasant part of an agricul-
tural cycle. Increased world
wheat stocks and decreased
beef demand coupled with a
strong dollar have equated
to lower prices. We are en-
couraged by the increased
moisture that we are ex-
periencing this winter. As
with every year, we will
just have to wait and see
what materializes,” Bailey
added.
“Total shareholders’
equity increased 6.8 percent
year-over-year to $29.74
million, an all-time high
for the bank,” said Chief
Financial Officer Mark
Lemmon. “2016 Return
on Average Assets is 0.92
percent compared to 0.86
percent in 2015. Return
on Average Equity is at
11.77 percent compared to
11.43 percent in 2015. Both
reflect improved profitabil-
ity. In December, the Fed
increased rates as expected
and most experts expect
modest, measured increases
during 2017.”
“In 2016 we saw good
growth in both loans and
deposits,” added Chief
Operations Officer Gary
Propheter. “This came from
all areas of our branch and
loan production office net-
work. In 2017 we look
forward to opening our
new branch in Athena and
are pleased with the warm
reception from the com-
munity as we prepare to
open the branch late in first
quarter.”
“2016 was a good year
for the bank. Earnings per
share were $2.80 up 13.8
percent year-over-year.
These results are only pos-
sible with a dedicated group
of employees serving the
financial needs of dedicated
customers and sharehold-
ers. It is rewarding to see
our market area and share
continue to expand. 2017
is bound to have its own
set of unique challenges,
but the bank is well po-
sitioned to build on prior
years’ success. We look for-
ward to serving the banking
needs of eastern Oregon
and Washington for many
years to come,” concluded
Bailey.
For further informa-
tion on the company, visit
the website at http://www.
beobank.com.
County parks
subcommittee to
meet
The Morrow County
Parks plan subcommittee
will hold a regular meet-
ing at 1 p.m. at the Mor-
row County Bartholomew
Building, 110 Court Street,
Heppner on Feb. 13.
The meeting will cov-
er topics for the Morrow
County Parks Master Plan,
bylaws and resolution re-
garding parks committee
members.
The meeting location is
accessible to persons with
disabilities.
A periodic column by Daniel Van Schoiack, CPA
Previous articles have discussed the importance of
maintaining good records when confronted by the IRS.
Disputes often arise as to whether adequate records have
been kept. When a taxpayer disagrees with a determina-
tion made by the IRS, they can make an appeal to the
United States Tax Court. The process doesn’t always
end there, however. Tax court decisions can be appealed
to the Circuit Court of Appeals, and from there, to the
Supreme Court.
The tax court system was established by the Revenue
Act 1924. One of the earliest and most precedent cases
was heard in the 1930s involving a famous entertainer,
George M. Cohan. His case was ultimately decided by
the Second Circuit Court of Appeals. He did not a keep
good record of some of his business expenses, which
were disallowed by the IRS. The Second Circuit Court
recognized Cohan had incurred the expenses and allowed
him to deduct them by making a “reasonable estimate.”
The case set a precedent known as the Cohan Rule.
While the Cohan Rule is still used as a basis for esti-
mating some tax deductions, certain deductions require
strict substantiation under section 274(d) of the tax code.
Deductions for meals, entertainment and personal vehicles
expenses fall under that section. In a recent case, Garza
vs. Commissioner, the taxpayer was disallowed $20,086
for use of his Ford F-150. His records did not indicate
the date, purpose and the number of miles for each busi-
ness trip. Instead, he just kept track of the beginning and
ending mileage for each month.
In another case, Reiff vs. Com, the taxpayer prevailed
against the IRS, which had disallowed his standard mile-
age deduction for lack of adequate records. Reiff was a
disc jockey who contracted to provide music at events.
For each event, he wrote the mileage on a piece of paper
and later entered that information on a spreadsheet along
with the time, date, and location of each event. The tax
court overruled the IRS and determined that his records
were adequate and met the strict substantiation test. In
this case, the taxpayer could have saved the trouble of
going to Tax Court if he had kept a current mileage log
in his vehicle.
This week, the Oregon Senate Finance and Revenue
Committee is expected to release plans to deal with a
$1.8 billion deficit over the next two years. It sounds like
a “broad based business tax” might be in the works. That
will be discussed more in the next article.
Please feel free to contact me if you have any ques-
tions about this article.
Daniel Van Schoiack CPA, can be contacted at 541-
676-9971 or danielrvan@yahoo.com. Recent articles can
viewed at danielcpapro.com.
Little League
registration this
month
Little League registration will continue on Feb. 9 and
Feb. 15 from 5:30 – 7:30 p.m. at Columbia Basin Electric
in Heppner. The deadline for registration is March 1.
Boys ages five to 14 and girls ages five to 16 are eli-
gible to play T-ball, Minors, Majors and Juniors baseball
A request for an inter- and softball.
preter for the hearing im-
paired or for other accom-
modations for persons with
disabilities should be made
at least 48 hours before
Christian Life Center volunteers will serve lunch on
the meeting to the Morrow
Wednesday,
Feb. 15, at St. Patrick’s Senior Center.
County Parks Department
Lunch
will
include pot roast with potatoes, carrots,
at 541-989-9500.
onions,
celery
and
sliced tomatoes, French bread, and
For more information
apple
cobbler
for
dessert.
please contact the Mor-
Milk is served at each meal. Suggested donation is
row County Parks Depart-
$3.50
per meal. Menu is subject to change.
ment at 541-989-9500 or
by email at mcparks@
co.morrow.or.us.
JOIN US FOR
VALENTINE'S DAY 2017
February 14th
Prime Rib or
Baked Salmon
Valentine's
Dinner $14.95
Choice of Potato or Rice Pilaf,
Soup or Salad and vegetable
Reservations Welcomed
Community lunch menu
YOUR
ORDER
EARLY!
HEADQUARTERS
VALENTINE'S DAY IS RIGHT
AROUND THE CORNER!
CALL OUR FLORAL
DEPT TODAY
541-676-9158
CHECK OUT OUR
VALENTINES DRINK
SPECIALS!
NEW DAILY HOME MADE
LUNCH SPECIALS!
2016 PRESCRIPTION PROFILES
AVAILABLE UPON REQUEST .
See Pharmacist for more information
MEDICARE PATIENTS-
WE ARE A Provider
for Cigna HealthSpring
Please note
MUSTANG DINER
541-676-5737
217 North Main St., Heppner • Phone 676-9158 • Floral 676-9426
Have a news story or photo for the Gazette? e-mail editor@rapidserve.net
call 541-676-9228 or stop by the office on Willow St., Heppner Today