Radio Starmaker Fund

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Radio Starmaker Fund Annual Report

2011 / 2012

Radio Starmaker Fund
Condensed Statement of Operations and Changes in Fund Balances for the year ended August 31, 2012

Restricted Funds 2012
Capital Asset Fund
$
Grant Fund
$
Total
$
Revenues
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 Reallocated Unused 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 Revenues 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