b'B O L A G U I L D I N E H R E M A R K B E T G T E RBig Sky Economic Development Corporation Big Sky Economic Development CorporationSTATEMENT OF ACTIVITIES STATEMENT OF ACTIVITIESYEAR ENDED JUNE 30, 2022 Preliminary YEAR ENDED JUNE 30, 2021 PreliminaryWithoutWith WithoutWithDonorDonor DonorDonorRestrictionsRestrictionsTotal RestrictionsRestrictionsTotalSUPPORT AND REVENUE SUPPORT AND REVENUE Private donor funding -203,414203,414 Private donor funding $-$92,540$92,540Member-Investor support 273,273-273,273 Member-investor support .275,925 - 275,925In-kind support from related party .414,457-414,457 In-kind support from related party .380,152 - 380,152In-kind support from unrelated party .- In-kind support from unrelated party .- - -Loan fees .598,014-598,014 Loan fees .595,026 - 595,026Interest income .44,431-44,431 Interest income .41,462 - 41,462Recovery of bad debt - Recovery of bad debt -Net Assets released from restrictions 121,554(121,554) - Net assets released from restrictions .8,000 (8,000)-Other income .448,882-448,882 Other income 144,475 - 144,475Total support and revenue 1,900,61281,8601,982,472 Total support and revenue .1,445,041 84,540 1,529,581 EXPENSES EXPENSESProgram expenses Program expenses Business recruitment and retention 262,296 - 262,296 Business recruitment and retention .194,310 - 194,310Business Development and Outreach .185,887 - 185,887 Business Development and Outreach .111,132 - 111,132Workforce Development .291 - 291 Workforce Development .219 - 219R31 2,144 - 2,144 R31 5,921 - 5,921Member-investor relations 121,677 - 121,677 Member-investor relations .172,673 - 172,673BSTSP121,554 - 121,554 Business financing 664,841 - 664,841Business financing 765,093 - 765,093 Total program expenses 1,149,096 - 1,149,096Total program expenses .1,458,942 - 1,458,942 General and administrative .250,023 - 250,023General and administrative .453,739 - 453,739 Total operating expenses .1,399,119 - 1,399,119Total operating expenses .1,912,681 - 1,912,681Change in net assets .45,92284,540 130,462 Change in Net Assets .(12,068) 81,860 69,792 Net assets, beginning of year 2,689,813 49,763 2,739,576Net assets, beginning of year 2,735,725 134,303 2,870,028 Net assets, end of year $2,735,735$134,303$2,870,038Net assets, end of year $2,723,657$216,163$2,939,820The Notes to Financial Statements are an integral part of this statement.The Notes to Financial Statements are an integral part of this statement.ANNUAL REPORT2022 14'