Year 2001 - University of Canberra

UNIVERSITY OF CANBERRA ANNUAL REPORT 2001
78
Notes to and forming part of the Financial Statements
for the year ended 31 December 2001 (continued)
NOTE 23: TRUST FUNDS
Endowments are received by the University to fund scholarships, prizes and certain research activities.
The balances of these funds as at 31 December were as follows:
CONSOLIDATED UNIVERSITY
2001 2000 2001 2000
$’000 $’000 $’000 $’000
BALANCE OF FUNDS AT BEGINNING OF YEAR
Income
1,131 1,088 1,131 1,088
Interest 56 63 56 63
Donations – 4 – 4
Total Income 56 67 56 67
Total funds available 1,187 1,155 1,187 1,155
EXPENDITURE
Prize awards 33 23 33 23
Miscellaneous – 1 – 1
Total Expenditure 33 24 33 24
Balance of funds at end of year 1,154 1,131 1,154 1,131
Comprises :
WJ Weeden Family Trust—scholarship 1,013 995 1,013 995
Mulanggarri—scholarship 60 58 60 58
PADMIN—Public administration fund 81 78 81 78
1,154 1,131 1,154 1,131