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Anoka County State Funded Business and Non-Profit Relief Grant Program <br />Frequently Asked Questions (FAQS) <br /> <br />th <br />or revenue/expense statements from July 1 December 30. This should not be bank statements, but <br />quick books, an accountant report, a ledger, etc. **New organization only, do not need to submit a <br />2019 tax return and 2019 financial comparisons if they do not have them. <br /> <br />38. Will my documentation provided be released to the public? <br />Pursuant to Minnesota Statutes section 13.599 the data that you submit in your application may become <br />public data, which may include the name of your business and the amount of the grant awarded to you. <br />numbers, tax returns, and other data that would be likely to substantially jeopardize the security of <br />information, possessions, individuals or property against theft, tampering, improper use, . . . illegal <br /> <br /> <br />39. What can grant funds be used for? <br />Grant funds should be considered revenue and the business or nonprofit must use grant funds for <br />operational expenses and not capital expenses. Organizations should consult their tax advisor or refer to <br />the link below for further clarification on what is considered a capital or operational expense. <br /> <br />40. Can the funds be used to pay business-related insurance deductibles? <br />Yes. <br /> <br />41. Can the funds be used to repair my facility or equipment? <br />It depends. Funds can only be used for operational expenses not capital expenses. Most routine repairs <br />and maintenance to existing fixed assets are considered operational; however, substantial improvements <br />are not. For more information on repairs versus capital expenses, please consult your tax advisor. You <br />may also refer to the IRS link below. <br />See IRS Publication 535 (2019): <br />https://www.irs.gov/publications/p535#en_US_2019_publink1000208615 <br /> <br />42. Can the funds be used to pay back taxes including property taxes for my business/non-profit? <br />Yes, so long as the period of back taxes is related to the COVID-19 pandemic. <br /> <br />43. Will I have to repay the grant? <br />This is a grant - not a loan - and you will not be required to pay it back. However, the county reserves the <br />right to audit the use of funds and may conduct an audit of your application. Grant recipients who are <br />8 <br /> <br /> <br />