HomeMy WebLinkAboutSummary FormDate: 04/19/2013
AGENDA ITEM SUMMARY FORM
FILE ID: / 3-00'y74-/
Requesting Department: Office of Grants Administration
Commission Meeting Date: 05/2,3-'/2013 1 District Impacted: citywide
Type: ® Resolution ❑ Ordinance ❑ Emergency Ordinance ['Discussion Item
❑ Other
•
Law Department
Matter ID No.
/3 485/
Subject: Resolution accepting a grant from the Citi Foundation and establishing a new Special Revenue
Project entitled "Financial Empowering Coaching
Purpose of Item:
Resolution authorizing the City Manager to accept a grant from the Citi Foundation, in the amount of
$150,000.00, and allocating to and establishing a new Special Revenue Project entitled "Financial
Empowering Coaching" to provide financial literacy and financial empowerment coaching to 200
individuals during the grant period.
Budget Impact Analysis
Is this item related to revenue? Yes
Is this item an expenditure? If so, please identify funding source below.
General Account No: •
Special Revenue Account No: `a Q DeUvyirovi
CIP Project No:
Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact: $150,000
CIP
Final Approvals
(SIGN AND DATE)
Budget
If using or recci n ca .tal fun
Grants
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Risk Management
Dept. Director
City Manager
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Background Information:
The Department of Grants Administration has been awarded a grant from the Citi Foundation in the
amount of $150,000 to provide one-on-one financial coaching and financial literacy to 200 individuals
citywide. This resolution appropriates the grant and establishes a new special revenue project for said
purposes. The grant's goals is to replicate and implement in the City of Miami an existing program
model to facilitate a comprehensive and coordinated effort to affect and improve the self-sufficiency
of its low/moderate income working families and small business owners by increasing their access to
the financial tools and education that are fundamental to economic prosperity and success.
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