Explanation
BACKGROUND: Cities for Financial Empowerment Fund, Inc. has awarded $80,000.00 to the city for a grant submitted in partnership between the Office of the Mayor, the Columbus Women’s Commission, and City Council President Pro Tempore Elizabeth Brown in support of the city’s efforts to improve the financial stability of low and moderate income households. The grant award is made available through May 31, 2021, and the funds granted will be used to develop a financial navigation program. This opportunity will provide grant funding for services to residents who seek financial guidance and support in response to the economic impact of COVID-19.
This ordinance is submitted as an emergency so as to allow the financial transaction to be posted in the city's accounting system as soon as possible. Up to date financial posting promotes accurate accounting and financial management.
FISCAL IMPACT: A total grant award of $80,000 from the Cities for Financial Empowerment Fund, Inc is being awarded to the Office of the Mayor, through the Columbus Women’s Commission. An acceptance and appropriation of said grant is required. A total of 90% of the funds will be granted in advance, with the remaining 10% granted at the satisfactory completion of project deliverables. Should expenses post to the grant that are not reimbursed, a transfer of funding from another source will be necessary.
Title
To authorize and direct the Mayor of the City of Columbus to accept a grant from the Cities for Financial Empowerment Fund, Inc.; to authorize the appropriation of $80,000.00 from the unappropriated balance of the private grant fund; and to declare an emergency. ($80,000.00)
Body
WHEREAS, Cities for Financial Empowerment Fund, Inc. has awarded $80,000.00 to the city for a grant submitted in partnership between the Office of the Mayor, the Columbus Women’s Commission, and City Council President Pro Tempore Elizabeth Brown in support of the city’s efforts to improv...
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