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TO: |
Board of Trustees |
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THROUGH: |
Jay Fox, Executive Director |
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FROM: |
Viola Miller, Chief Financial Officer |
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PRESENTER(S): |
Tracy Young, Grants Director |
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TITLE:
title
Discretionary Grants Report
end
AGENDA ITEM TYPE:
Report
RECOMMENDATION:
Informational report for discussion
BACKGROUND:
Board Policy 2.2 Contract Authority, Procurement and Grants states that any discretionary grant pursued by the Authority will be consistent with the Authority’s mission and strategic priorities. The policy also requires that the Executive Director notify the Board of Trustees if a discretionary grant of $250,000 or more is being sought. This report on upcoming and in-process discretionary grant applications provides the Board an opportunity to be informed and give input on proposed grant applications.
The discretionary grant update provides information on:
• Grant applications proposed
• Grants not selected for award
• Grant applications submitted waiting selection; and
• Grants that have been selected for award but have not yet been obligated in a grant agreement and not previously presented to the Board.
DISCUSSION:
A grants update will be provided to indicate that 2 grants are yet to be submitted (they have been previously reported to the board) and 4 applications are awaiting selection (3 previously reported 1 new submittal).
ALTERNATIVES:
NA
FISCAL IMPACT:
The Innovative Finance and Asset Concession Grant Program requires no match. The project is included in the current approved capital budget.
ATTACHMENTS:
NA