Tote Board's Revenues and Donations

Debated in Parliament on 8 Jul 2013.

Summary written by AI (learn more)

Between FY07 and FY11, the Tote Board had total surpluses of $3.4 billion, averaging $680 million annually for donations.
The Board approved an average of $572 million in donations per year during this period, which is about 84% of its annual available revenue.
As of 31 March 2013, the Tote Board had about $3.6 billion in available funds, which can cover its outstanding commitments of $2.3 billion.
Donation amounts vary yearly based on the evaluation of meritorious projects and community proposals.
The annual breakdown of donations and revenues is available in the Tote Board's reports and on its website.

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Full Transcript

Mrs Lina Chiam

Mrs Lina Chiam asked the Deputy Prime Minister and Minister for Finance (a) how much revenue was collected and donated by the Tote Board in each of the past five years; and (b) how much funds does it have currently.

Tharman Shanmugaratnam

Between FY07 and FY11, Tote Board's surpluses, in other words revenues that are available for donations, totalled $3.4 billion. That makes an average of $680 million per year.

The Board had approved a yearly average of $572 million in donations from FY07 to FY11, or about 84% of its annual revenue available for donations. The annual breakdown is presented in its annual reports which are tabled in Parliament. The data is also now presented for convenience on Tote Board's website.

The amount that Tote Board donates varies significantly from year to year, as Tote Board evaluates every project to ensure that its support is merited. Tote Board donations are, ultimately, dependent on the number and quality of the projects and programmes that seek funding.

Tote Board has about $3.6 billion available funds as at 31 March 2013 (this latest position has yet to be audited). This sum will enable Tote Board to meet its outstanding funding commitments of $2.3 billion. The Tote Board continues to look out for meritorious projects, and we welcome the community to come forward with proposals.

Page: 107

Summary written by AI (learn more)

Between FY07 and FY11, the Tote Board had total surpluses of $3.4 billion, averaging $680 million annually for donations.
The Board approved an average of $572 million in donations per year during this period, which is about 84% of its annual available revenue.
As of 31 March 2013, the Tote Board had about $3.6 billion in available funds, which can cover its outstanding commitments of $2.3 billion.
Donation amounts vary yearly based on the evaluation of meritorious projects and community proposals.
The annual breakdown of donations and revenues is available in the Tote Board's reports and on its website.

Questions identified by AI (learn more)

Tote Board's Revenues and Donations

Debated in Parliament on 8 Jul 2013.

Summary written by AI (learn more)

Between FY07 and FY11, the Tote Board had total surpluses of $3.4 billion, averaging $680 million annually for donations.
The Board approved an average of $572 million in donations per year during this period, which is about 84% of its annual available revenue.
As of 31 March 2013, the Tote Board had about $3.6 billion in available funds, which can cover its outstanding commitments of $2.3 billion.
Donation amounts vary yearly based on the evaluation of meritorious projects and community proposals.
The annual breakdown of donations and revenues is available in the Tote Board's reports and on its website.

Questions identified by AI (learn more)

Full Transcript

Mrs Lina Chiam

Tharman Shanmugaratnam

Between FY07 and FY11, Tote Board's surpluses, in other words revenues that are available for donations, totalled $3.4 billion. That makes an average of $680 million per year.

Page: 107

Summary written by AI (learn more)

Between FY07 and FY11, the Tote Board had total surpluses of $3.4 billion, averaging $680 million annually for donations.
The Board approved an average of $572 million in donations per year during this period, which is about 84% of its annual available revenue.
As of 31 March 2013, the Tote Board had about $3.6 billion in available funds, which can cover its outstanding commitments of $2.3 billion.
Donation amounts vary yearly based on the evaluation of meritorious projects and community proposals.
The annual breakdown of donations and revenues is available in the Tote Board's reports and on its website.

Questions identified by AI (learn more)

Tote Board's Revenues and Donations | PAPERCUTS

Tote Board's Revenues and Donations

Summary

Questions Identified

Full Transcript

Mrs Lina Chiam

Tharman Shanmugaratnam

Summary

Questions Identified

Tote Board's Revenues and Donations

Summary

Questions Identified

Full Transcript

Mrs Lina Chiam

Tharman Shanmugaratnam

Summary

Questions Identified