Radio Starmaker Fund

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Radio Starmaker Fund Annual Report

2012 / 2013

This is our legacy site dedicated to managing claims from pre-April 2024 rounds.

Use this site only for claims on applications from Rounds 87, 88, 89, and 90.

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Radio Starmaker Fund Condensed Statements of Operations and Changes in Fund Balances
For the years ended August 31, 2013 and August 31, 2012 …continued

Restricted Funds
2012
Capital Asset Fund
$
Grant Fund
$
Total
$
Revenue
Contributions from CAB - 8,601,899 8,601,899
Interest - 280,197 280,197
Unrealized loss on investments - (11,630) (11,630)
- 8,870,466 8,870,466
Expenses
Grants – net of unused and returned funding - 8,225,973 8,225,973
Amortization 7,432 - 7,432
Bank service charges - 336 336
7,432 8,226,309 8,233,741
Excess (deficiency) of revenue over expenses (7,432) 644,157 636,725
Fund balances – Beginning of year 18,287 11,286,905 11,305,192
Interfund transfers – Admin. Cost Allocation 2,252 (645,951) (643,699)
Fund balances – End of year 13,107 11,285,111 11,298,218