The American Club 2020/2021 Annual Report

67 PAGE

NOTES TO FINANCIAL STATEMENTS 30 June 2021

17. NET INVESTMENT GAIN

2021 $

2020 $

Investment income – realised gain

40

-

Investment management fee charged by Bank of Singapore

-

(2,601)

Interest income

26,338

285,449

23,777

285,449

18. OTHER INCOME

2021 $

2020 $

New member operations surcharge

929,673

750,540

Premium fee - new member instalment payment plan

161,853

108,155

Parking fees

412,826

426,034

Advertising income

39,707

47,402

Sundry income

376,708

699,433

Fortitude budget subsidy (Note A)

1,963,317 2,193 ,445 3,884,084 4,225,009

Note A: Fortitude budget subsidy

- Grant income for jobs support scheme

1,489,010

1,232,867

- Foreign worker levy waiver and rebate

-

273,378

- Property tax rebate

348,850

365,650

- Cash grant/rental waiver

112,517

321 ,550

- LOA/SHN support programme, temporary housing, quarantine order allowance

10,500

-

- Cleaning assistance scheme

2,440

-

1,963,317

2,193,445

THE AMERICAN CLUB SINGAPORE