state scholarship financial information

100% of the Scholarship funds are held in seperate accounts at the following institution, Metro Bank, serving South Central Pennsylvania with headquarters in Harrisburg PA. All funds are deposited in one of the following type accounts; Checking, Money Market Savings, Various Certificate of Deposits.

PA State USBC Youth Scholarship Accounts
2009-2010 Season Finacial Report
FINAL AUDITED NUMBERS
Beginning Overall Balance in Scholarship Accounts		$   378,315.13
Income to Scholarship Accounts
	S405-Donations to Scholarship Fund	$         600.00
	S400-Checking Interest	$           10.08
	S410-Money Market Interest	$       1,452.83
	S420-CD #1 Interest	$       2,041.40
	S430-CD #2 Interest	$       5,913.18
	S440-PayPal Interest	$             4.92
	PayPal Entry Fees (Championships)	$       6,907.41
	PayPal Souvenir Sales	$           75.58
	PayPal Lunch Tickets	$         190.76
	Championship Scholarships	$     15,000.00
	Pepsi Scholarships	$     46,734.00
Total Income on All Accounts		$     78,930.16
Scholarship Accounts Expenses
	S900-Scholarships Paid	$     24,715.00
	Transferred to SMART	$       3,000.00
Total Expenses on All Accounts		$     27,715.00
Ending Overall Balance in Scholarship Accounts		$   429,530.29
Ending Balances
	Checking	$       3,674.89
	Money Market Savings	$   266,267.87
	PayPal Account	$       9,587.53
	CD	$   150,000.00
Balance in Scholarship Accounts		$   429,530.29
Total Scholarship Liability for Association		$   352,352.89
Total Un-Assigned Funds		$     77,177.40
Pepsi SMART Financial Picture
	09 Beginning Balance	$   136,481.61
	10 Dividend Return from SMART	$                -
	Total Scholarship Expired	$                -
	Added from Pepsi (National $'s)	$                -
	Added from State Tourn Accounts	$       3,000.00
	Total Income	$   139,481.61
	Total Scholarship Paid	$     18,238.67
	Account Balance	$   121,242.94
	Total Scholarships to be Paid	$   120,941.33
	Total of Uncommitted Funds	$         301.61
Championships SMART Financial Picture
	09 Beginning Balance	$     28,666.42
	10 Dividend Return from SMART	$                -
	Total Scholarship Expired	$                -
	Added from State Tourn Accounts	$                -
	Total Income	$     28,666.42
	Total Scholarship Paid	$                -
	Balance in Account	$     28,666.42
	Total Scholarships to be Paid	$     28,300.00
	Total of Uncommitted Funds	$         366.42

State Association Managed Scholarships (PDF)

SCHOLARSHIP INFORMATION