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