Grant Guidelines for the RECOVERY ACT BROADBAND ...

47. Historical Financial Statements: Please provide the following financial statements for
the last two (2) years: a) Income Statement; b) Balance Sheet; and c) Statement of Cash Flows
(CPA audits if available); start‐up firms should provide the most recent financial statements.
The applicants must submit a detailed set of financial statements or reports associated with
their organization’s regular operating activities and financial status. A standard annual Income
Statement, Balance Sheet, and Statement of Cash Flows based on generally accepted
accounting principles (GAAP) is preferable. If multiple agencies or key partnerships are involved
in the proposed project, the applicant may use discretion on whether to include the historical
financial statements for the partners.
If your organization cannot readily produce this data in a standard format, you should explain
why not, and provide comparable data, such as figures collected in your most recent IRS Form
990 report, or in an annual accounting and financial audit, that provides as detailed a picture as
possible of your financial history for a minimum of two years (or, if less, the length of time your
organization has been in business) prior to your submission of this application. If appropriate,
you may include Notes on Financial Statements to include explanation of cost and revenue
breakdowns by major categories as appropriate, and you may make note of any abnormal or
one‐time charges, large liabilities or asset transactions, legal actions, and any other financial
events you feel require explanation.
48. Broadband Subscriber Estimates: Please download and upload Attachment H,
regarding subscriber projections, including households, businesses, community anchor
institutions, public safety entities, and/or critical community facilities for each of your service
offerings, along with a brief description of the methodology used to forecast this on a separate
sheet. For last mile subscribers, provide your estimated take rate (the percentage of total
customers passed who will subscriber to your service), along with a brief description of the
methodology used to forecast this.
Attachment H will be available online. Applicants can download the attachment, complete the
form, and upload the form back to the online tool.
All applicants for last mile infrastructure projects should indicate their subscriber forecasts with
a breakdown by type of subscriber (households, businesses, community anchor institutions,
public safety entities, and critical community facilities) and service offerings. Last mile
applicants also must provide an estimate of the “take rate,” which is the number of customers
that will subscribe to the applicant’s proposed service divided by the total number of customers
passed by the applicant’s proposed facilities. They may do this on a separate sheet of paper.
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