Explanation
BACKGROUND: This legislation authorizes Columbus City Council to apply for and receive a grant from the Ohio CDC Association to support an Individual Development Account pilot program for Columbus students, and to enter into contract with the Ohio CDC Association for administration of the grant.
The Ohio CDC Association operates the U.S. Department of Health and Human Services, Administration for Children and Families, Assets for Independence (AFI) Individual Development Account (IDA) project. Columbus City Council has been awarded a federal contribution of $40,000 from the Ohio CDC Association for the Applications for Purpose, Pride and Success (APPS) “Earn to Learn” Pilot Program. The Ohio CDC Association is the state of Ohio’s network grantee for the AFI funds. Columbus City Council will contribute $20,000 as part of the non-federal match requirement of the grant, and $3,200 in required program fees.
The APPS program was created in 2011 with the mission of providing employment opportunities as a prevention and intervention strategy for Columbus youth and young adults (ages 14-23). APPS participants get work experience at local recreation centers while also attending classes in leadership, workforce readiness, and financial education. As a new component of the program, twenty (20) income-eligible participants and will have the opportunity to participate in an “Earn to Learn” matched scholarship program where their savings will be matched 8:1 for post-secondary expenses.
To be eligible to participate, students must have a net worth less than $10,000 and must meet federal poverty level guidelines. IDA participants are also required to participate in financial education classes and attend an orientation at their school of choice.
Emergency action is necessary due to the short timeframe for the start of summer programming.
FISCAL IMPACT: Funding for this expense is allocated from the Job Growth subfund.
Title
To authorize City Council to apply for and accept a grant from the Ohio CDC Association in support of Individual Development Accounts for Columbus students; to authorize City Council to enter into contract with the Ohio CDC Association for administration of the grant; to authorize an appropriation and expenditure within the Job Growth subfund; and to declare an emergency. ($23,200.00)
Body
WHEREAS, Council desires to accept a grant from the Ohio CDC Association to support providing matching funds to establish Individual Development Accounts for Columbus students; and
WHEREAS, funding will provide for establishing Individual Development Accounts for Columbus students to be used for post-secondary expenses; and
WHEREAS, an emergency exists in the usual daily operation of the Columbus City Council in that it is immediately necessary to authorize an appropriation due to the short timeframe for the start of summer programming; NOW, THEREFORE,
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF COLUMBUS:
SECTION 1. That City Council is hereby authorized to apply for and accept a grant from the Ohio CDC Association in support of Individual Development Accounts for Columbus students.
SECTION 2. That City Council is hereby authorized to enter into contract with the Ohio CDC Association for administration of the grant.
SECTION 3. That the Auditor is hereby authorized and directed to appropriate $23,200.00 within the Job Growth subfund, fund 1000, subfund 100015, to the City Council per the accounting codes in the attachment to this ordinance.
SECTION 4. That the expenditure of $23,200.00 or so much thereof as may be needed pursuant to the actions authorized in SECTION 2, is hereby authorized in the Job Growth Initiatives subfund, fund 1000, subfund 100015 per the accounting codes in the attachment to this ordinance.
SECTION 5. That the City Auditor is authorized to make any accounting changes to revise the funding source for all contracts or contract modifications associated with this legislation.
SECTION 6. That for the reasons stated in the preamble hereto, which is hereby made a part hereof, this ordinance is hereby declared to be an emergency measure and shall take effect and be in force from and after its passage and approval by the Mayor, or ten days after passage if the Mayor neither approves nor vetoes the same.