Account of funds collected

After being accused by a sector of the local media that I refrained from giving a detailed account of funds collected for the transmission of the TV programme Erga Lura, I am hereunder giving an interim income and expenditure report that reflects the present financial position of the account.

Besides the income I am giving, other donations have been promised through Maltacom telephone lines but to date none of these has been received by us. As soon as all the money is fully paid to our community, we shall then publish a full updated and audited report of the financial position.

May I point out that we had to borrow funds from various members of our community to be able to pay the outstanding balance owed for the transmission of the programme.

Income
Through HSBC account number: Lm855.00
Through BOV account number: Lm1,848.00
Through other cash donations: Lm115.00
Various loans from community members: Lm2,534.50
Total income including loans: Lm5,352.50

Expenses
Paid to Mr Joe Baldacchino for cameras and tapes bought for outside filming: Lm1,231.50
on account of invoices issued for Erga Lura: Lm500.00
Balance owed to Mr Joe Baldacchino for same: Lm3,237.50
Expenses for outside studio filming: Lm338.50
Other expenses on tapes etc: Lm45.00
Total expenses: Lm5,352.50