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        <ExplanationTxt>$1,500 was spent on mileage, hotels, and travel costs to a two hour event in Wisconsin in support of final five voting (external costs). One day of both Todd's and Eric's time was spent around this event, so we prorated their annual earnings to 1 day. So $139,916.65 * (1/365)*2, to get a total of $767. Total spent: $1500 + $767 = $2,267</ExplanationTxt>
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        <ExplanationTxt>FIN 48 Note from Audited Financial Statements Detroit Development Fund has been granted tax-exempt status under Section 501(c)(3) of the Internal Revenue Code and qualifies for the charitable contribution deduction. The Fund has been classified as an organization that is not a private foundation. The tax exempt purpose of the Fund and the nature in which it operates is described in Note 1. The Fund continues to operate in compliance with its tax exempt purpose. The Fund's annual information and income tax returns filed with the federal and state governments are subject to examination for three years after filing.</ExplanationTxt>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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      <SupplementalInformationDetail>
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