b'B U I L D B E Y O N D . . .Big Sky Economic Development Corporation Big Sky Economic Development CorporationSTATEMENT OF ACTIVITIES STATEMENT OF ACTIVITIESYEAR ENDED JUNE 30, 2020 YEAR ENDED JUNE 30, 2019WithoutWith WithoutWithDonorDonor DonorDonorRestrictionsRestrictionsTotal RestrictionsRestrictionsTotalSUPPORT AND REVENUE SUPPORT AND REVENUEPrivate donor funding $-$3,500$3,500Private donor funding .$-$180,750$180,750 Member-Investor support .313,910 10,500 324,410Member-Investor support 281,558 49,750 331,308 In-kind support from related party 425,822 - 425,822In-kind support from related party .338,819 - 338,819 In-kind support from unrelated party .600,000 - 600,000Loan fees .746,329 - 746,329 Loan fees .787,082 - 787,082Interest income 40,576 - 40,576 Interest income 38,300 - 38,300Recovery of bad debt 3,850- 3,850 Recovery of bad debt 9,067- 9,067Net Assets released from restrictions .444,350 (444,350)0 Net Assets released from restrictions 10,000 (10,000)0Other income 26,031 - 26,031 Other income 15,929 - 15,929 Total support and revenue .$1,881,513 $(213,850)$1,667,663 Total support and revenue .$2,200,110 $4,000 $2,204,110EXPENSESEXPENSES Program expensesProgram expenses Business recruitment and retention .557,081 - 557,081 Business recruitment and retention 179,301 - 179,301Workforce Development .128,517 - 128,517 Workforce Development 52,744 2,500 55,244R31 .76,100 - 76,100 R31 .22,743 - 22,743Member-investor relations .241,257 - 241,257 Member-investor relations 538,386 - 538,386Business financing 796,638 - 796,638 Business financing 739,750 - 739,750Total program expenses .1,799,593 - 1,799,593Total program expenses .1,532,924 - 1,532,924General and administrative .108,990 - 108,990 General and administrative .1,149,002 - 1,149,002 Total operating expenses .1,908,583 - 1,908,583Total operating expenses .2,681,926 2,500 2,684,426Change in Net Assets (27,070) (213,850)(240,920)Change in Net Assets .(481,816) 1,500 (480,316)Net assets, beginning of year 3,198,700 262,113 3,460,813Net assets, beginning of year .3,171,630 48,263 3,219,893 Net assets, end of year $3,171,630$48,263$3,219,893 Net assets, end of year .$2,689,814$49,763$2,739,577The Notes to Financial Statements are an integral part of this statement.The Notes to Financial Statements are an integral part of this statement.ANNUAL REPORT2020 14'