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Radio Starmaker Fund Annual Report
2013 / 2014
Radio Starmaker Fund Condensed Statement of Operations and Changes in Fund Balances
For the year ended August 31, 2014
| Restricted Funds 2014 | ||||
|---|---|---|---|---|
| Capital Asset Fund $ |
Grant Fund $ |
Total $ |
||
| Revenue | ||||
| Contributions from CAB | - | 8,527,371 | 8,527,371 | |
| Interest | - | 140,620 | 140,620 | |
| Gain on sale of investments | - | 452,963 | 452,963 | |
| Unrealized gain on investments | - | 1,794,625 | 1,794,625 | |
| - | 10,915,579 | 10,915,579 | ||
| Expenses | ||||
| Grants – net of unused and returned funding | - | 6,715,657 | 6,715,657 | |
| Amortization | 8,326 | - | 8,326 | |
| 8,326 | 6,715,657 | 6,723,983 | ||
| Excess (deficiency) of revenue over expenses | (8,326) | 4,199,922 | 4,191,596 | |
| Fund balances – Beginning of year | 14,356 | 13,615,600 | 13,629,956 | |
| Interfund transfers – Admin. Cost Allocation | 1,354 | (675,309) | (673,955) | |
| Fund balances – end of year | 7,384 | 17,140,213 | 17,147,597 | |