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	Financial Information Expense Breakdown of Last Fiscal Year (April 2011 - March 2012) Total Expenses $24,676.75 100% Program Expenses    Payments to Students $24,120.13 97.7% Administration Expenses    Licenses and Permits $25.00    Bank Service Charges $200.07    Paypal Charges $58.55    Advertising $273.00    Total Administration $556.62 2.3% Fundraising Expenses $0 0% Notes: a. Above information has been compiled from the 2011/12 Income/Expenses Statement presented in the 2012 Newsletter. b. The Advertising expenses ($273.00) were used to call for applications in SL newspapers. c. The rice packet fundraising cost ($1967.85) was excluded from the Total Expenses as it generated a net profit of $3,864.15 and no donations were used to fund this event. With the total admin cost of $556.62 covered from the net profits from the fund-raising event, 100% of sponsor donations have been used to fund the scholarships! Expense Breakdown of 2010/2011 Fiscal Year (April 2010 - March 2011) Total Expenses $30,479.07 100% Program Expenses    Payments to Students $30,167.40 98.98% Administration Expenses    Licenses and Permits $25.00    Bank Service Charges $105.00    Paypal Charges $62.40    Reimbursement of Expenses $119.27    Total Administration $311.67 1.02% Fundraising Expenses $0 0% Notes: a. Above information has been compiled from the 2010/11 Income/Expenses Statement presented in the 2011 Newsletter. b. The rice packet fundraising cost ($1311.81) was excluded from the Total Expenses as it generated a net profit and no donations were used to fund this event. Expense Breakdown of 2008/2009 Fiscal Year (April 2008 - March 2009) Total Expenses $29,228.74 100% Program Expenses    Payments to Students $29,070.39 99.46% Administration Expenses    Licenses and Permits $75.00    Bank Service Charges $83.35    Total Administration $158.35 0.54% Fundraising Expenses $0 0% Notes: a. Above information has been compiled from the 2008/09 Income/Expenses Statement presented in the 2009 Newsletter. b. The depreciated cost ($425.00) of writing-off of unusable office (computer) equipment has been excluded from the Total Expenses, as this was not a payment from sponsor donations. c. Reimbursement of Expenses ($290.09) has also been excluded from the Total Expenses, as this amount has been included under Income as a special donation for covering expenses. The net cost of this to SLCSF has therefore been 0. Expense Breakdown of 2007/08 Fiscal Year (April 2007 - March 2008) Total Expenses $11,438.05 100% Program Expenses    Payments to Students $11,054.87    Donation to United Way $200.00    Total Program Expenses $11,254.87 98.4% Administration Expenses    Licenses and Permits $35.00    Printing and Reproduction $88.89    Bank Service Charges $59.29    Total Administration $183.18 1.6% Fundraising Expenses $0 0% Above information has been compiled from the 2007/08 Income/Expenses Statement presented in the 2008 Newsletter. Expense Breakdown of 2006/07 Fiscal Year (April 2006 - March 2007) Total Expenses $10,451.70 100% Program Expenses    Payments to Students $10,057 96.2% Administration Expenses    Licenses and Permits $25    Postage and Delivery $350    Bank Service Charges $19.70    Total Administration $394.70 3.8% Fundraising Expenses $0 0% Above information has been compiled from the 2006/07 Income/Expenses Statement presented in the 2007 Newsletter. Total expenses does not include Depreciation (of $25). Back to About Us