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Radio Starmaker Fund Annual Report
2015 / 2016
Radio Starmaker Fund Condensed Statement of Financial Position as at August 31, 2016
| 2016 | ||||
|---|---|---|---|---|
| Administration Fund $ |
Capital Asset Fund $ |
Grant Fund $ |
Total $ |
|
| Assets | ||||
| Current assets | ||||
| Cash | 166,055 | - | 1,150,952 | 1,317,007 |
| Investments | - | - | 22,205,982 | 22,205,982 |
| Prepaid expenses | 7,871 | - | - | 7,871 |
| 173,926 | - | 23,356,934 | 23,530,860 | |
| Internally restricted investments | 405,998 | - | - | 405,998 |
| Capital assets | - | 13,848 | - | 13,848 |
| 579,924 | 13,848 | 23,356,934 | 23,950,706 | |
| Liabilities | ||||
| Current liabilities | ||||
| Accounts payable | 67,745 | - | - | 67,745 |
| Grant liability | - | - | 2,064,848 | 2,064,848 |
| 67,745 | - | 2,064,848 | 2,132,593 | |
| Fund Balances | ||||
| Invested in capital assets | - | 13,848 | - | 13,848 |
| Restricted | 405,998 | - | 21,292,086 | 21,698,084 |
| Unrestricted | 106,181 | - | - | 106,181 |
| 512,179 | 13,848 | 21,292,086 | 21,818,113 | |
| 579,924 | 13,848 | 23,356,934 | 23,950,706 | |