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Radio Starmaker Fund Annual Report
2016 / 2017
Radio Starmaker Fund Condensed Statement of Financial Position as at August 31, 2017
| 2017 | ||||
|---|---|---|---|---|
| Administration Fund $ |
Capital Asset Fund $ |
Grant Fund $ |
Total $ |
|
| Assets | ||||
| Current assets | ||||
| Cash | 353,732 | - | 967,406 | 1,321,138 |
| Investments | - | - | 20,165,512 | 20,165,512 |
| Prepaid expenses | 14,692 | - | - | 14,692 |
| 368,424 | - | 21,132,918 | 21,501,342 | |
| Internally restricted investments | 405,998 | - | - | 405,998 |
| Capital assets | - | 13,121 | - | 13,121 |
| 774,422 | 13,121 | 21,132,918 | 21,920,461 | |
| Liabilities | ||||
| Current liabilities | ||||
| Accounts payable | 3,252 | - | - | 3,252 |
| Grant liability | - | - | 1,663,454 | 1,663,454 |
| 3,252 | - | 1,663,454 | 1,666,706 | |
| Fund Balances | ||||
| Invested in capital assets | - | 13,121 | - | 13,121 |
| Restricted | 405,998 | - | 19,469,464 | 19,875,462 |
| Unrestricted | 365,172 | - | - | 365,172 |
| 771,170 | 13,121 | 19,469,464 | 20,253,755 | |
| 774,422 | 13,121 | 21,132,918 | 21,920,461 | |