The Shree Saibaba Sansthan Trust has become richer by over 200 crore in the financial year 2012-13. The annual balance sheet of the temple trust, which was tabled in the state legislature this week, shows that it earned an income of 3,33,07,70,609. The income was 230 crore more than the expenditure.

The Saibaba temple trust, one of the richest in the country, earned revenue from rent, interest on saving bank accounts and investments, donations from devotees and income from other sources. In the previous year, the total earnings of the trust were 273.69 crore. The balance sheet says the income has increased by nearly 60 crore this year.
“During the year under review, surplus of 2,30,12,23,646 is credited to Income and Expenditure Appropriation Account,” auditor Kochar and Associates said in its report. The balances of the trust have increased from 605. 92 crore to 836.04 crore.
The trust earned 60.16 lakh from religious receipts. Its donations stood at 241 crore, including 187 crore received from charity boxes, 45 crore general donation and 8.37 crore donation in kind.

There was an increase of 13.84 crore worth of ornaments in the trust’s assets. The total worth of the ornaments and jewellery of the trust is 63.33 crore.
Total investment of the trust has also increased from 627.56 crore to 860.75 crore. The trust has invested 150 crore in Kisan Vikas Patra and its fixed deposits with nationalised banks stand at 859.26 crore.

The Nagpur bench of the Bombay high court had on March 13, 2012 passed an interim order that the affairs of the trust shall be looked after and managed by the committee appointed by the court. The committee includes principal district judge of Ahmednagar, collector of Ahmednagar and chief executive officer appointed by the high court.

source