Radio Starmaker Fund

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Radio Starmaker Fund Annual Report

2015 / 2016

Radio Starmaker Fund Condensed Statement of Operations and Changes in Fund Balances
For the year ended August 31, 2016

Restricted Funds 2016
Capital Asset Fund
$
Grant Fund
$
Total
$
Revenue
Contributions from CAB - 6,746,326 6,746,326
Interest - 4,518 4,518
Investment income - 1,330,661 1,330,661
Unrealized loss on investments - (103,938) (103,938)
- 7,977,567 7,977,567
Expenses
Grants – net of unused and returned funding - 7,921,273 7,921,273
Bank service charges - 15 15
Amortization 6,076 - 6,076
6,076 7,921,288 7,927,364
Excess (deficiency) of revenue over expenses for the year (6,076) 56,279 50,203
Fund balances – Beginning of year 10,857 21,835,807 21,846,664
Interfund transfers 9,067 (600,000) (590,933)
Fund balances – End of year 13,848 21,292,086 21,305,934