REQUEST FOR DECISION
DATE: February 26, 2019 Report No. FIN-19-002
TO: Laurie Hurst, Chief Administrative Officer
FROM: Local Grant Committee
SUBJECT:
Title
2019 Local Grant Allocations
End
RECOMMENDATION:
Recommendation
That Council:
1. consider the allocation of local grants in the amount of $130,500 as set out in the schedule attached to Staff Report FIN-19-002, and
2. direct staff to prepare a report pertaining to review of the Local Grant Policy for consideration at a future Committee of the Whole meeting.
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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:
Continue with a vibrant and sustainable 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. Up to 90% of the annual budgeted amount may be allocated to applications which satisfy the submission requirements, with the remaining funds being available throughout the year for other local grant applications.
In 2016, the Policy was amended to include 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 2018 results, a total of $145,000 has been included in the local grants account within the draft 2019 Financial Plan.
ISSUES:
1. Rationale for Selected Option
The Local Grant Committee, comprised of Mayor Desjardins and Councillors Armour and Morrison, held a meeting on February 20, 2019 to hear from applicants and make their recommendations. Representatives from each of the applicant organizations were allotted time to address the Committee and respond to any questions. Within the Council Polic...
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