Radio Starmaker Fund

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Radio Starmaker Fund Annual Report

2010 / 2011

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Radio Starmaker Fund
Condensed Statement of Operations and Changes in Fund Balances for the year ended August 31, 2011

Restricted Funds 2011
Capital Asset Fund
$
Grant Fund
$
Total
$
Revenues
Contributions From CAB - 7,740,626 7,740,626
Interest - 227,697 227,697
Unrealized Loss On Investments - (9,975) (9,975)
- 7,958,348 7,958,348
Expenses
Grants, Net Of Reallocated Unused Funding - 6,348,651 6,348,651
Amortization 7,337 - 7,337
Loss On Disposal 916 - 916
Bank Service Charges - 325 325
8,253 6,348,976 6,357,229
Excess (Deficiency) Of Revenues Over Expenses (8,253) 1,609,372 1,601,119
Fund Balances – Beginning Of Year 21,323 10,313,938 10,335,261
Interfund Transfers – Admin. Cost Allocation 5,217 (636,405) (631,188)
Fund Balances – End Of Year 18,287 11,286,905 11,305,192