Radio Starmaker Fund

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Radio Starmaker Fund Annual Report

2017 / 2018

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.

For new applications and more info, please visit our new website at starmaker.ca.

Radio Starmaker Fund Condensed Statement of Operations and Changes in Fund Balances
For the year ended August 31, 2018

Restricted Funds 2018
Capital Asset Fund
$
Grant Fund
$
Total
$
Revenue
Contributions from Canadian Association of Broadcasters - 7,368,389 7,368,389
Interest - 5,949 5,949
Investment income - 809,483 809,483
Increase in unrealized gain on investments - 92,774 92,774
- 8,276,595 8,276,595
Expenses
Grants – net of unused and returned funding - 5,997,807 5,997,807
Amortization 7,282 - 7,282
7,282 5,997,807 6,005,089
(Deficiency) excess of revenue over expenses for the year (7,282) 2,278,788 2,271,506
Fund balances – Beginning of year 13,121 19,469,464 19,482,585
Interfund transfers 3,576 (1,167,359) (1,163,783)
Fund balances – End of year 9,415 20,580,893 20,590,308