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Radio Starmaker Fund Annual Report
2011 / 2012
Radio Starmaker Fund
Condensed Statement of Operations and Changes in Fund Balances for the year ended August 31, 2012
| 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 | |