Radio Starmaker Fund

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Radio Starmaker Fund Annual Report

2013 / 2014

Radio Starmaker Fund Condensed Statement of Financial Position as at August 31, 2014

2013
Administration Fund
$
Capital Asset Fund
$
Grant Fund
$
Total
$
Assets
Current assets
Cash 43,929 - 303,316 347,245
Investments 49,498 - 15,858,912 15,908,410
Prepaid expenses 8,720 - - 8,720
102,147 - 16,162,228 16,264,375
Internally restricted investments 605,998 - - 605,998
Capital assets - 14,356 - 14,356
708,145 14,356 16,162,228 16,884,729
Liabilities
Current liabilities
Grant liability - - 2,546,628 2,546,628
Accounts payable and accrued liabilities 39,550 - - 39,550
39,550 - 2,546,628 2,586,178
Fund Balances
Invested in capital assets - 14,356 - 14,356
Restricted 605,998 - 13,615,600 14,221,598
Unrestricted 62,597 - - 62,597
668,595 14,356 13,615,600 14,298,551
708,145 14,356 16,162,228 16,884,729