Radio Starmaker Fund

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Radio Starmaker Fund Annual Report

2012 / 2013

Radio Starmaker Fund Condensed Statements of Operations and Changes in Fund Balances
For the years ended August 31, 2013 and August 31, 2012 …continued

Restricted Funds
2012
Capital Asset Fund
$
Grant Fund
$
Total
$
Revenue
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 unused and returned 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 revenue 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