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About Spilyay tymoo. (Warm Springs, Or.) 1976-current | View Entire Issue (Nov. 12, 2014)
E Coosh EEWA: The way it is Page 4 Spilyay Tymoo November 12, 2014 Letters to the editor Food drive Wishes... The Community Health Education Team and Warm Springs Fire Management are collecting non-perishable food items that will help fami- lies at Thanksgiving. Drop-off stations are at the Community Counseling Center, the IHS administra- tion office, Fire Manage- ment, the Early Childhood Education Center, War m Springs Market, and the Warm Springs k-8 Academy. There are no weekend drop- off stations. These are some of the types of non-perishable items that are being collected: Hot and cold cereals, canned meats, cake mixes, pancake mix, peanut butter, canned juices, jelly (no glass), rice, canned tuna/salmon, spam, canned pasta, tea bags, canned vegetables, juice boxes, canned fruits, syrup. Powdered milk, juice boxes, canned beans, granola bars, canned gravy, cereal bars, granulated sugar, canned or dry soups, canned stews and chili, coffee (ground no beans), canned pasta (Spaghetti O’s), pack- aged pasta (macaroni and cheese, etc. ), baby food and cereal (glass jars accepted), baby for mula (Enfamil/ Similac). All food donations will be distributed by Rev. Rick’s Church food ban. Happy November birth- days to Tiger VanPelt, Rob- ert Jim Jr., Jerico Suppah, Tyrone Madrano, and Pearl VanPelt. Happy anniversary Rego and Eliza Madrano. All our love, Mom and Dad, Grandma and Grandpa, and Great Grandma and Grandpa. Gift making at Counseling The Warm Springs Com- munity Counseling Center will host Holiday Gift Mak- ing Classes on Wednesdays and Fridays through Decem- ber 19. The classes are from 9 a.m. to 4 p.m. on Wednesdays in the prevention room, downstairs at Community Counseling. The Friday ses- sions are from 9 a.m.-4 p.m. in the conference room on the main floor at Counseling. Community Counseling invites everyone to come and join the gift making circle. “We are providing this class for people to come together, share stories, share teachings, and make gifts for loved ones.” For more information call Annie or Sarah at 541-553- 3205. The next time to submit items for publication in the Spilyay Tymoo is by Friday, Nov. 21. Thank you for writing! 2015 budget Tribal Members are share- holders of CTWS Corpora- tion. As such, they have the fiduciary and moral respon- sibility to future generations to oversee the operation of our corporation; to rein in spending; to demand excellent service; to discuss future plans. It’s time shareholders received full disclosure about the corporation’s financial standing if they are to give input of any value to the bud- get process. Herein is my open request to the Tribal Council to hold a series of shareholder’s meet- ings this month to review the recently released Financial Audit. Further, to accommo- date those TM’s who cannot attend in person, please pro- vide a conference call and webinar feed securing access with passwords; it’s about time we used technology to include rather than to exclude our members. This process will rightly provide for TM’s approval prior to Tribal Council’s approval of the 2015 Proposed Budget. This will go a long way toward re- storing trust in our corporate officers. Thank you. Susan Guerin, Corporate Shareholder #1848, PO Box 1296, Warm Springs, 97761; susan_guerin@hotmail.com Births Robert Alvin Gene Wahchumwah Andrew Jerome Wahchumwah and Evelyn Elsie Velma May Polk of Warm Springs are pleased to announce the birth of their son Robert Alvin Gene Wahchumwah, born on Octo- ber 31, 2014. Robert joins brothers Sterlin, 6, and Terrance, 2; and sister Marie, 3. Grandparents on the father’s side are Eliza Wahchumwah and family; and grandpa Moon Frank of The Dalles. Grandparents on the mother’s side are Dixon Sr. and Selana Polk; and Anneette Spilyay Tymoo (Coyote News, Est. 1976) Publisher Emeritus: Sid Miller Multi Media Specialist: Alyssa Macy Managing Editor: Dave McMechan Spilyay Tymoo is published bi-weekly by the Con- federated Tribes of Warm Springs. Our offices are located at 4174 Highway 3 in Warm Springs. Any written materials submitted to Spilyay Tymoo should be addressed to: Spilyay Tymoo, P.O. Box 870, Warm Springs, OR 97761. Phone: 541-553-2210 or 541-771-7521 E-Mail: dave.mcmechan@wstribes.org. Annual Subscription rates: Within U.S.: $15.00 H. Polk. Great grandmother is Lucille Schuster, and great grandfather is James Teeman. Great great grandmother is Evelyn Sam. Ryker Derien Johnson Rhett Johnson and Michaela Camas of Warm Springs are pleased to an- nounce the birth of their son Ryker Derien Johnson, born on October 28, 2014. Ryker joins sister Kasamira, 5. Grandparents on the father’s side are Shana Johnson and Clarence Jefferson; and Marita and Delford Johnson of Warm Springs. Grandparent on the mother’s side is Eugenia Ca- mas of Madras. A day for small businesses Mark your calendar: Saturday, November 29, is Small Business Saturday, a national day to encourage people to shop at small busi- nesses. Small Business Saturday was founded in 2010 by American Express, and offi- cially recognized by the U.S. Senate in 2011. The day also kicks off a year-round pro- gram dubbed “Shop Small” to continue promoting small businesses. American Express is pro- viding resources for busi- nesses and communities to get involved: Shop small logos, printable customizable signage, sug- gested social media and email templates; and extra resources for qualifying small businesses that accept American Express Cards. Kuumish, Aurolyn Stwyer, Red Skye Tradiing Post, Warm Springs Plaza. Keoki River Kalama Sterling S. Kalama Sr. and Eileen M. Frank of Warm Springs are pleased to an- nounce the birth of their son Keoki River Kalama, born on November 2, 2104. Keoki joins brothers Ster- ling Jr., 5, and Noelani Kalama, 8; and sister Aiyana Kalama, 13. Grandparents on the father’s side are Roland Kalama Sr., of Warm Springs, and Edith Albert-Kalama of Rock Creek, Wash. Grandparents on the mother’s side are Elvis Frank of Warm Springs, and Carol Ann Burke of Pendleton. Name givings Harvianne Tohet Tias and Alexander Tohet are planning to name David B. LeClaire Sr., his boys and grandchildren at the Agency Longhouse on November 22. The family is asking for drummers to be at the longhouse at 9 a.m. on that Saturday. They are planning Washat before lunch, and name-giv- ing after lunch. Award for Excellence Sue Matters/KWSO ROOTS director Dawn Smith with award. KWSO 91.9 was rec- ognized with an Award for Excellence at the fall Oregon Association of Broadcasters confer- ence. KWSO won for “Warm Springs Elemen- tary Update,” a program that began running in 2013. War m Springs El- ementary Update fea- tured interviews with educators about student learning, curriculum, school operations and tips for parents. With the opening of the K-8 Academy, the updates continue as “School News,” and fea- ture information from sev- eral of the schools as well as voices of high school age youth and information on kindergarten readiness. The program airs Fri- day at 7 a.m. and 4 p.m.; on Saturdays during “Kids Tunes” at 9 a.m., and dur- ing Parent’s Journal at 10 a.m. The Award for Excel- lence was presented to former Warm Springs El- ementary School principal Dawn Smith, who now runs the ROOTS program, the Warm Springs-based alternative program for Madras High School. Indian Business Talk What to know when applying for business loans By Bruce Engle Loan officer W.S. Credit Enterprise I say “loans” because most businesses will need more than just their first loan. We have talked about some but not all of these points in our current Indianpreneurship classes. Please, call me if you have questions or comments about what I write here. I encourage follow-up discus- sions. You might have to hunt for a loan. Lenders don’t all serve the same markets or have the same requirements. Warm Springs has two lo- cal sources of business loans: the Warm Springs Tribal Credit Enterprise, and the Personal Business Revolving Loan Fund (PBRL). That works for here. Will you need off-reservation fi- nancing? Supplier credit for inventory purchases is a form of off-reservation fi- nancing. There are others. Credit Enterprise has an aggregate limit of $200,000 for qualified borrowers. Bor- rowing more than that will require an off-reservation lender. We won’t hold that against you. Believe me, we will be delighted to see your business grow so much that you have to graduate to a bigger lender. Once you have found a lender for your business that you work well with, I suggest you stay with that lender. Don’t be constantly chas- ing the lowest interest rates and jumping from lender to lender. Why? If you are a loyal and per- for ming customer, the chances are that your lender will be there for you when the lending market tightens up. That happens periodically. Count on it. When it happens, lenders are more inclined to serve their loyal customers first. It’s nice to be one of those when you need a loan in one of those tight markets. A history of profitable operations is always a must. That “history” will be evident in properly prepared financial statements. Those would be balance sheets and income statements from the last three to five years. Copies of in- come tax returns will also be required. Don’t go to your lender without them. They will show the lender/analyst how well the business has done finan- cially, and will give indications of what might be expected of it in the future with the new financing package. Remember, start-ups are an entirely different story. They need to develop their history of operations before most lenders will work with them. Their initial financing will usually be from their owner’s cash saving, IDA matched savings, family, friends, and micro enterprise loans. They have to grow up a bit before most lenders will be able to help them. Why is that? The answer is easy, harsh and realistic. It’s based on the fact that most start-ups fail and most lenders have to an- swer to stockholders and state or federal regulators. They can’t afford much in the way of losses. Losses in excess of a quar- ter of 1 percent are unaccept- able to many of the larger business lenders. So, with that in mind, What does a business loan officer want to see in the financial statements for an existing business? First questions are usually about the company. That means the ownership and the operating history. An analysis of the “deal” comes later. The most important ques- tion is “Can this company af- ford to be helped?” You won’t hear it asked that way but that is what the lender wants to know. Here are the first 10 Ques- tions that some lenders use to help answer that question. Five are from the balance sheet and another five are from the profit and loss (in- come statement). I have also included a few of the many subsidiary ques- tions: Balance Sheet 1. Does the company col- lect? Are days receivable nearly equal to payment terms? 2. Does the company pay its bills? 3. Does the company con- trol its inventory? Are the days inventory nearly equal to the inventory cycle? 4. Are the officers of the company committed? Are there notes receivable or notes payable—officers? 5. Does the company have a profitable operating history? Are retained earnings posi- tive? Profit and loss 1. Is the company grow- ing? Are sales rising? 2. Does the company maintain its margins? Is the cost of goods sold/sales ra- tio stable? 3. Does the company con- trol its overhead? 4. Is the company profit- able? 5. Is there any hidden cash flow? These ten questions are an example of the beginning of an analysis. There are a lot of follow-up questions that have to be answered before a proper analysis is complete and a loan can be approved. If the business is viable, approval decisions are easier. Some of the answers from the first questions might not be in the acceptable range in the beginning. That’s not nec- essarily a deal killer. Lenders often wait while necessary corrections are being made. See BUSINESS TALK on 5
