Scholarship Foundation Fiscal 2010-2011 Report
Net Assets on 6/30/10 $120,265.70
Opening Cash Balance: 7/1/10 $ 10,265.70
Total Fiscal 2010-11 Receipts $ 33,034.50
Cash Donations $15,411.00
Investment Income 5,112.50
Raffle Sales 12,511.00
Disbursements $24,022.96
Bond Purchases $10,034.69
Scholarship Grants 10,000.00
Operating Expense 895.59
Raffle Expense 2,733.68
Surety Bond 359.00
Net Assets on 6/30/11 $139,277.24
Cash $ 19,277.24
Bond Total $ 120,000.00
$30,000 @ 4.50%
10,000 @ 4.75%
25,000 @ 4.75%
10,000 @ 4.75%
10,000 @ 4.50%
10,000 @ 5.00%
15,000 @ 4.50%
10,000 @ 4.63%
Net Increase in assets on 6/30/11 $ 19,011.54
Amounts Payable $ 0.00
Amounts Receivable: 2011-2012 Bond Income $ 5,575.00
—Submitted by Joe Ball, Chief Financial Officer