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        <ExplanationTxt>WHILE BEDC NO LONGER PARTICIPATES IN ANY FUTURE GRANT FUNDING PROGRAMS, PRIOR RECORDS ARE KEPT OF TECHNICAL ASSISTANCE PROVIDED TO CLIENT RECIPIENTS BY BEDC'S REFERRAL PARTNER, THE SMALL BUSINESS DEVELOPMENT CENTER (SBDC). SPREADSHEETS ARE KEPT TO TRACK CLIENT NAME, TYPE OF ASSISTANCE PROVIDED, AMOUNT OF TIME THE SBDC SPENT PROVIDING SERVICES, DATE OF SERVICE, ETC. THE SBDC ALSO PROVIDES THE BEDC WITH BACKUP DOCUMENTATION OF ANY ASSISTANCE PROVIDED DURING THE GRANT FUNDING TIME FRAME, SIGNED BY THE CLIENT RECIPIENTS. THIS DOCUMENTATION IS REQUIRED BY THE CDFA'S ADMINISTRATOR, THE LAKES REGION PLANNING COMMISSION, WHEN REQUESTING GRANT PROCEEDS.</ExplanationTxt>
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        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 11B</FormAndLineReferenceDesc>
        <ExplanationTxt>THE FORM 990 IS PREPARED BY THE INDEPENDENT ACCOUNTANT AND THEN GIVEN TO THE BOARD FOR REVIEW AND APPROVAL BEFORE BEING SUBMITTED.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 12C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE CONFLICT OF INTEREST POLICY IS REVIEWED EACH YEAR AND BOARD MEMBERS ARE REQUIRED TO SIGN A CONFLICT OF INTEREST WHEN THEY BECOME PART OF THE BOARD OF DIRECTORS.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION B, LINE 15</FormAndLineReferenceDesc>
        <ExplanationTxt>THE SALARY FOR KEY EMPLOYEES IS DETERMINED BY THE BOARD BASED ON A REVIEW OF COMPARABLE SALARIES IN THE AREA.</ExplanationTxt>
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      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PART VI, SECTION C, LINE 19</FormAndLineReferenceDesc>
        <ExplanationTxt>A COPY OF THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE ALL AVAILABLE FROM THE ORGANIZATION UPON REQUEST.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990, PAGE 12, PART XII, LINE 2C</FormAndLineReferenceDesc>
        <ExplanationTxt>THE EXECUTIVE COMMITTEE ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT AND THE AUDITOR IS SELECTED EACH YEAR BY APPROVAL. THIS POLICY HAS NOT CHANGED FROM THE PRIOR YEAR.</ExplanationTxt>
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        <LegalDomicileStateCd>NH</LegalDomicileStateCd>
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</Return>