Title: NOTE A - BASIS OF PRESENTATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wind River Development Fund and Painted Pony, Inc's. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations.
De Minimis Rate Used: N
Rate Explanation: Wind River Development Fund and Painted Pony, Inc, is eligible to apply a 10% de minimis indirect cost rate on certain grants that have been awarded. Wind River Development Fund and Painted Pony, Inc. has evaluated this application on a grant-by-grant basis.
The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wind River Development Fund and Painted Pony, Inc's. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations. Wind River Development Fund and Painted Pony, Inc, is eligible to apply a 10% de minimis indirect cost rate on certain grants that have been awarded. Wind River Development Fund and Painted Pony, Inc. has evaluated this application on a grant-by-grant basis.
Title: NOTE B - PASS-THROUGH GRANTOR NUMBERS
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wind River Development Fund and Painted Pony, Inc's. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations.
De Minimis Rate Used: N
Rate Explanation: Wind River Development Fund and Painted Pony, Inc, is eligible to apply a 10% de minimis indirect cost rate on certain grants that have been awarded. Wind River Development Fund and Painted Pony, Inc. has evaluated this application on a grant-by-grant basis.
Wind River Development Fund and Painted Pony, Inc. contacted granting agencies and requested pass-through grantor agency numbers. Granting agencies were unable to provide requested information.
Title: NOTE C - ECONOMIC DEVELOPMENT ASSISTANCE PROGRAM
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wind River Development Fund and Painted Pony, Inc's. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations.
De Minimis Rate Used: N
Rate Explanation: Wind River Development Fund and Painted Pony, Inc, is eligible to apply a 10% de minimis indirect cost rate on certain grants that have been awarded. Wind River Development Fund and Painted Pony, Inc. has evaluated this application on a grant-by-grant basis.
The Economic Assistance Cluster Program (CFDA 11.307) is associated with grant Investments for Public Works and Economic Development Facilities (CFDA. 11.300) as part of a cluster program under the Department of Commerce. The revenue received is approximately the same as the expenses noted above.
Title: NOTE D - REVOLVING LOAN FUND CALCULATION
Accounting Policies: The accompanying schedule of expenditures of federal awards includes the federal grant activity of Wind River Development Fund and Painted Pony, Inc's. and is presented on the accrual basis of accounting. The information in this schedule is presented in accordance with the requirements of Uniform Guidance, Audits of States, Local Governments, and Non-Profit Organizations.
De Minimis Rate Used: N
Rate Explanation: Wind River Development Fund and Painted Pony, Inc, is eligible to apply a 10% de minimis indirect cost rate on certain grants that have been awarded. Wind River Development Fund and Painted Pony, Inc. has evaluated this application on a grant-by-grant basis.
Funds received for CFDA 11.307 include Revolving Loan Funds. The calculation for Revolving Loan Funds for SEFA purposes is established by 2 CFR Part 200 Appendix XI. The formula below includes the formula per 2 CFR Part 200 Appendix XI. 1 Balance of RLF principal outstanding on loans at the end of the recipient's fiscal year, plus $354,849
2 + Cash and investment balance in the RLF at the end of the recipient's fiscal year, plus 50,774
3 + Administrative expenses paid using RLF income during the recipient's fiscal year, plus 20,540
4 + Administrative expenses paid using award funds designated for administrative expenses during the recipient's fiscal year, plus 0
5 + The unpaid principal of all loans written off during the recipient's fiscal year 21,752
447,915
Federal share 80%
Multiply the sum (1+2+3+4+5) by the federal share of the RLF award. The federal share is defined as the federal participation rate (or the federal grant rate) as specified in the grant award (or as may be amended by EDA). $358,332
During fiscal year 2023 the Wind River Development Fund funded loans totaling $140,870 with EDA grant funds.