ITEM TITLE:
Report: City of Valdez Grant Program
SUBMITTED BY: Jordan Nelson, Finance Director
FISCAL NOTES:
Expenditure Required: subsequent Budget Resolution for a one-year contract totaling $75,000
Unencumbered Balance: $425,123
Funding Source: 350-0350-55000, Budget Variance Reserve
RECOMMENDATION:
Review and provide feedback to staff.
SUMMARY STATEMENT:
The City currently engages a contractor to:
• Monitor and send targeted grant opportunities, summaries, fact sheets. Develop activity report summaries on a monthly basis and schedule calls to review opportunities and progress reports on in-progress grants where applicable.
And multiple contractors to:
• Quote Grant Application development upon request
• Quote Grant Management services upon request
Contractors are selected from a roster developed through Request for Qualifications (RFQ) posted June, 2024. The Grant Report specifies a 200% increase in grant activity in the last five years (28 new). In order to maintain the trajectory a systematic approach to Grant Program Administration is necessary.
A contract and Budget Resolution will be presented for approval on March 4th for Grant Program Administration Gap Analysis.
Finance will request additional funds in the 2026 Budget for implementation based on gap analysis findings.