2010-2011 annual report

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Note 5:
Restricted Fund Balances 2011 2010
Externally Restricted:
Endowment Fund -Crysta T. Lacey $ 8,752 $ 8,752
Internally Restricted:
Ruth Carse Fund Barbara Moore Coffey Fund $ 8,696 26,903 $ 8,670 26,825 Education Fund 89,513 89,256 New Repertoire (new sets, props and costumes) 363,023
163,023 Working Capital Reserve (Note: 2)
412,000 412,000
$ 900,135 $ 699,774
The Board of Directors has internally restricted resources to establish the Ruth
Carse Fund, the Barbara Moore Coffey Fund, the Education Fund and New
Repertoire Fund as well as to maintain a Working Capital reserve as required in
relation to A.P.A.S.F. funding. The income derived from the investments related
to these funds is awarded annually to students of the School of Alberta Ballet to
support their tuition.