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Radio Starmaker Fund Annual Report
2009 / 2010
Radio Starmaker Fund
Condensed Statement of Operations and Changes in Fund Balances for the year ended August 31, 2010
| Restricted Funds 2009 | ||||
|---|---|---|---|---|
| Capital Asset Fund $ |
Grant Fund $ |
Total $ |
||
| Revenues | ||||
| Contributions From CAB | - | 9,015,253 | 9,015,253 | |
| Discretionary Funds For Canadian Talent Development | - | 100,000 | 100,000 | |
| Interest | - | 164,269 | 164,269 | |
| - | 9,279,522 | 9,279,522 | ||
| Expenses And Losses | ||||
| Grants, Net Of Reallocated Unused Funding | - | 5,505,173 | 5,505,173 | |
| Amortization | 3,717 | - | 3,717 | |
| Loss On Disposal | 8,647 | - | 8,647 | |
| Bank Service Charges | - | 552 | 552 | |
| 12,364 | 5,505,725 | 5,518,089 | ||
| Excess (Deficiency) Of Revenues Over Expenses | (12,364) | 3,773,797 | 3,761,433 | |
| Fund Balances – Beginning Of Year | 16,023 | 4,450,731 | 4,466,754 | |
| Interfund Transfers – Admin. Cost Allocation | 19,899 | (918,000) | (898,101) | |
| Fund Balances – End Of Year | 23,558 | 7,306,528 | 7,330,086 | |