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Business Finance Program <br /> Final Term Sheet-November 9, 2022 <br /> Bookkeeper Trainee Stipend <br /> Business Setup and Cleanup $280 per business <br /> Monthly Service for 1 Year(Total) $720 per business <br /> Total Cost for Business Owner Training Up to$3,005 per <br /> business <br /> INDIRECT COSTS <br /> Program Management and Grant Administration at$50/hour Up to$5,000 <br /> Community Outreach—reimbursed per paid receipts Up to$2,000 <br /> Total Indirect Costs Up to$7,000 <br /> Timesheets will be kept by the ProAdvisor for trainee supervision and by the program manager for <br /> program management,grant administration, and community outreach, and submitted for payment by <br /> the hour spent. <br /> Note:Total expenses cannot exceed the$100,000 budget for this program <br /> An estimated 5 bookkeepers and 26 businesses will be served by this program. <br /> FUNDING <br /> $7,000(7%)will be provided up front for licensing and outreach.The rest will be paid on a <br /> reimbursement basis. <br /> REPORTING <br /> Monthly reports and payment requests will be submitted by the Pro Advisor and Program Manager that <br /> contain the following information that will be the basis for monthly payments: <br /> a. Number and names of Pro Advisor trainees(to check progress;and for verification <br /> whether someone did not pass the test the first time) <br /> b. Business Resources expenses with receipts <br /> c. Number and names of businesses participating in the program (to calculate per business <br /> payments for training class, end of year training, etc) <br /> d. Quickbooks expenses with receipts <br /> e. Timesheets for Trainee Supervision and Program Management hours <br /> f. Expenses for community outreach with receipts <br /> Page 3 of 3 <br />