b'Big Sky Economic Development Corporation Allocation of Resources Big Sky Economic Development CorporationBig Sky Economic Development Corporation STATEMENTS OF FINANCIAL POSITION STATEMENT OF ACTIVITIES STATEMENT OF ACTIVITIESJUNE 30, 2024 AND 2023 (Preliminary Unaudited)YEAR ENDED JUNE 30, 2024 (Preliminary Unaudited)YEAR ENDED JUNE 30, 2023BSED REVENUEFY25 BudgetASSETS 20242023 VBOC WithoutWith WithoutWithM T N I E G P L W I O D EE N I E O SF M S O D P I T N N C K Y I R L S & G U N B M V V U B SC R R T M T E E N O T E D S S A U E E N N E U E O D L S I N E I E M V W N R C7% DonorDonor DonorDonorRestrictionsRestrictionsTotal RestrictionsRestrictionsTotalCURRENT ASSETSCash and cash equivalents$1,664,700$1,553,710 APEX SUPPORT AND REVENUE SUPPORT AND REVENUEAccounts receivable.61,00076,691 Mill/Health$1,959,848 Accelerator Private donor funding$-$30,000$30,000 Private donor funding$-$36,000$36,000Pledges receivable-12,500 VBOC331,425 18%APEX Accelerator926,317 Member-Investor support.311,200 -311,200 Member-Investor support.281,171 -281,171Prepaid expenses7,318- Big Sky Finance824,769 Mill/Health In-kind support from related party.396,722 - 396,722 In-kind support from related party.220,113 -220,113Current portion notes receivable, net424,111208,256 Member Investor.315,000 39% In-kind support from unrelated party.22,117 - 22,117 In-kind support from unrelated party.- Total current assets 2,157,129 1,851,157 SBDC135,000Rock31.117,400 Loan revenue616,283 - 616,283 Loan fees700,389-700,389NON-CURRENT ASSETS Grants.472,650 Interest income123,092 - 123,092 Interest income.64,466-64,466Big Sky FinanceAllowance for Loan Losses(172,318) (20,150) Total$5,082,409 16% Recovery of bad debt.- - -Recovery of bad debt.3,706-3,706Notes receivable, net of current portion3,191,776 1,908,295 Net Assets released from restrictions - - - Net Assets released from restrictions92,800(92,800) -Total assets. $5,176,587$3,739,302 Member Investor Federal and state loans administered1,653,337 Federal and state loans administered610,851 Grants Rock31 6% Other income30,103 - 30,103 Other income.30,213 -30,213 9% 2% SBDCLIABILITIES AND NET ASSETS 3% Total support and revenue.3,152,855 30,000 3,182,855 Total support and revenue2,003,710(56,800)1,946,910 EXPENSES EXPENSESProgram expenses Program expensesCURRENT LIABILITIES $17,192$160,082 BSED EXPENSES Business recruitment and retention.126,319-126,319 Business recruitment and retention167,322-167,322Accounts payable and accrued liabilitiesDue to related party67,71672,102 FY25 Budget Engagement154,446-154,446 Engagement.172,140-172,140Deferred revenue Workforce Development11,042-11,042 Workforce Development.12,614 -12,614Total current liabilities.84,908232,184 Community Rock31.765-765 Rock3112,905-12,905 Development20% Member-investor relations173,226-173,226 Member-investor relations111,078-111,078NET ASSETS BSTSP- BSTSP93,579 -93,579Without Donor Restrictions Business nancing.1,093,199-1,093,199 Business nancing.756,003-756,003Designated 2,667,4992,040,316Undesignated 2,234,8171,307,439 Business Total program expenses 1,558,997-1,558,997 Total program expenses.1,325,641-1,325,641RecruitmentTotal Without Donor Restrictions .4,902,3163,347,755 6% General and administrative.39,297-39,297 General and administrative53,971-53,971With Donor Restrictions189,363159,363 Business Advising Total expenses.1,598,294-1,598,294 Total expenses 1,379,61-1,379,612Total net assets.5,091,6793,507,118 and Lending Services74% Change in Net Assets1,554,56130,0001,584,561 Change in Net Assets624,098(56,800)567,298Total liabilities and net assets$5,176,587$3,739,302 Net assets, beginning of year3,347,755159,3633,507,118 Net assets, beginning of year2,723,657216,1632,939,820 Net assets, end of year.$4,902,316$189,363$5,091,679 Net assets, end of year.$3,347,755$159,363$3,507,118The Notes to Financial Statements are an integral part of these statements.A copy of our audited nancial statements is available upon request. The Notes to Financial Statements are an integral part of this statement. The Notes to Financial Statements are an integral part of this statement.15 BIG SKY ECONOMIC DEVELOPMENT BIGSKYECONOMICDEVELOPMENT.ORG'