REQUEST FOR DECISION
DATE: September 5, 2017 Report No. FIN-17-017
TO: Laurie Hurst, Chief Administrative Officer
FROM: Ian Irvine, Director of Financial Services
SUBJECT:
Title
Funding Request - Esquimalt Neighbourhood House Society
End
RECOMMENDATION:
Recommendation
It is accepted procedure that staff not make recommendations on funding requests. Options available to Council are listed below under ALTERNATIVES.
Body
RELEVANT POLICY:
Council Policy FIN-16 Permissive Tax Exemption Policy
Council Policy ADMIN-32 Local Grants Policy
STRATEGIC RELEVANCE:
Continue to enhance the health and liveability in the community
BACKGROUND:
During its meeting on August 21, 2017 Council received a letter from the Esquimalt Neighbourhood House Society requesting $25,000 in additional financial support. Council also made the decision to refer the request to staff for the identification of potential funding options. If Council elects to approve financial support, there are two funding options available: the Local Grants account and the Contingency account within the 2017 Financial Plan.
The Local Grants account is funded each year within the Financial Plan approved by Council. The existing Council Policy ADMIN-32 Local Grants states that the purpose of the grant program is to "financially assist community groups and not-for-profit societies and organizations in achieving their objectives. Local grant funding is intended to provide support to societies, organizations and committees with the expectation that alternate sources of funding will be secured."
The Contingency account is set up each year with a balance which is intended to cover any unforeseen or unexpected expenditures. Any funds that remain in the Contingency account at the end of each year are transferred to accumulated surplus for utilization on significant capital projects or acquisitions.
In 2017, Council granted the Esquimalt Neighbourhood House Society a permissive tax exemption totali...
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