Radio Starmaker Fund

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Radio Starmaker Fund Annual Report

2009 / 2010

Radio Starmaker Fund
Condensed Statement of Operations and Changes in Fund Balances for the year ended August 31, 2010

Restricted Funds 2009
Capital Asset Fund
$
Grant Fund
$
Total
$
Revenues
Contributions From CAB - 9,015,253 9,015,253
Discretionary Funds For Canadian Talent Development - 100,000 100,000
Interest - 164,269 164,269
- 9,279,522 9,279,522
Expenses And Losses
Grants, Net Of Reallocated Unused Funding - 5,505,173 5,505,173
Amortization 3,717 - 3,717
Loss On Disposal 8,647 - 8,647
Bank Service Charges - 552 552
12,364 5,505,725 5,518,089
Excess (Deficiency) Of Revenues Over Expenses (12,364) 3,773,797 3,761,433
Fund Balances – Beginning Of Year 16,023 4,450,731 4,466,754
Interfund Transfers – Admin. Cost Allocation 19,899 (918,000) (898,101)
Fund Balances – End Of Year 23,558 7,306,528 7,330,086