REQUEST FOR DECISION
DATE: January 21, 2021 Report No. FIN-21-003
TO: Laurie Hurst, Chief Administrative Officer
FROM: Ian Irvine, Director of Financial Services
SUBJECT:
Title
2021 Local Grants Allocation
End
RECOMMENDATION:
Recommendation
That Council consider the allocation of local grants in the amount of $128,500 as set out in the schedule as attached to Staff Report No. FIN-21-003.
Body
RELEVANT POLICY:
Council Policy No. ADMIN-29 Local Grants Esquimalt High School
Council Policy No. ADMIN-32 Local Grants
Council Policy No. ADMIN-52 Local Grants L'Ecole Victor Brodeur
STRATEGIC RELEVANCE:
Support the arts, culture and heritage community
BACKGROUND:
In accordance with Council Policy No. ADMIN-32 Local Grants, funding for local grants is provided within the annual Financial Plan. This Policy allows for up to 90% of the annual budgeted amount to be allocated for applications which satisfy the submission requirements. Any unallocated funds would be available throughout the year for other local grant applications received.
The current Policy includes a mechanism for increasing the total annual amount available. This updated calculation results in the local grant account balance being adjusted to an amount equivalent of a .50% tax increase based on the previous year's actual financial results. Based on the 2020 information, an amount of $151,500 has been included in the local grants account within the draft 2021-2025 Financial Plan.
ISSUES:
1. Rationale for Selected Option
The Local Grant Committee, comprised of Councillors Armour, Helliwell and Vermeulen, held a meeting on January 20, 2021, to review applications and to prepare its recommendations to Council. Representatives from each of the 20 applicant organizations were available and provided responses to questions from the Committee members.
Attached to this report is the Local Grant Schedule (Attachment No. 1) which includes the complete list of applicant organizations, g...
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