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HomeMy WebLinkAboutBack-Up DocumentsSUMMER JOBS CONNECT More Than A Job: Lessons from the First Year of Enhancing Municipal Summer Youth Employment Programs through Financial Empowerment 0 Cities for FINANCIAL EMPOWERMENT Fund SUMMER JOBS CONNECT More Than A Job: Lessons from the First Year of Enhancing Municipal Summer Youth Employment Programs through Financial Empowerment The Cities for Financial Empowerment Fund February 2015 The Cities for Financial Empowerment Fund The Cities for Financial Empowerment Fund (CFE Fund) supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting edge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. For more information, please visit www.cfefund.org. The Citi Foundation The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation's "More than Philanthropy" approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com. 0 Cities for FINANCIAL EMPOWERMENT Fund summer jobs/connect Citi Foundation CONTENTS Executive Summary 5 Introduction 6 The Summer Jobs Connect Initiative 6 The Opportunity: Building Youth Financial Capability 6 The Opportunity: Leveraging Existing Municipal Capacity 7 The Summer Jobs Connect Program: Key Touchpoints forEffective Interventions a..............:..........a.,..a............ 7 I. Lesson One: Partnerships make a Difference in Financial Empowerment Integration 10 II. Lesson Two: Multiple Touchpoints Offer Opportunities to Integrate Financial Empowerment 13 Application: an Opportunity to Collect Critical Data and Documents 13 Enrollment: Best Opportunity to Set up Accounts or Direct Deposit 13 Orientation: Last Chance for Direct Deposit 14 Orientation: Also an Opportunity to Introduce Financial Education and Administer Baseline Surveys 14 Payroll: Opportunities to Reinforce Financial Empowerment Lessons 15 Ongoing Training: an Opportunity for Continued Financial Education 16 III. Lesson Three: Youth Characteristics Should Inform Program Design 17 Factors that Shape Youths' Use of, and Belief in, Financial Institutions 18 Factors Affecting Use of Bank Accounts 18 Factors Affecting Beliefs about Banking 19 Factors that Affect Youths' Ability to Save 20 Explicit, Age -Appropriate Savings Strategies 20 Impact of Direct Deposit on Savings Behavior 20 Factors that Make Youth More Receptive to Information 21 Conclusion and Next Steps 23 Appendix 24 Sample Beginning of Summer Orientation Survey 24 Sample End of Summer Survey 25 Focus Groups 26 Demographics of Youth in Summer Jobs Connect -Funded Job Slots 26 4 EXECUTIVE SUMMARY In 2014, with funding from the Citi Foundation, the CFE Fund launched Summer Jobs Connect (SJC) to directly fund 1,85o jobs for low- and moderate -income youth and help five cities integrate financial education and access to mainstream financial products into municipal Summer Youth Employment Programs (SYEPs). The SJC initia- tive builds off of each city's existing SYEP infrastructure, in which they were already providing workforce devel- opment opportunities —and steady paychecks —to youth. Recognizing that financial empowerment strategies offer youth a pathway to productive financial habits and longer -term stability, the CFE Fund and city partners learned a number of important lessons about leveraging the SYEP opportunity. Lesson One: Developing a lasting financial empowerment infrastructure requires creating new partnerships and capacities and deepening existing ones. While traditional SYEPs are led by the city's youth services or workforce office, Summer Jobs Connect cities used the program as a launching point to create new, lasting partnerships between the traditional SYEP staff and their Office of Financial Empowerment or similar municipal entity. Cities also leveraged the Summer Jobs Connect program to embark upon partnerships with local financial institutions, starting with negotiating safe and appropriate products for participants. Finally, the data collection and analysis that Summer Jobs Connect required led to partnerships between City agencies, job placement organizations, and financial institutions to collect and share data on youth program participation and accomplishments. Lesson Two: Banking access and financial education can be integrated into traditional SYEP structures by focusing on key touchpoints when and where program partners interact with youth. While municipal SYEPs vary greatly, they have similar programmatic timelines that offer opportunities to provide financial empowerment services through existing program infrastructure. Summer Jobs Connect cities found that these regular interactions between program staff and participants are critical moments to introduce appropriate financial products and facilitate direct deposit enrollment, provide financial education on setting savings goals and using accounts wisely, and impact youth knowledge, skills, and attitudes to enhance their lifelong financial capability. Lesson Three: Youth capacities and knowledge are critical factors that affect a programs' likelihood of achieving financial empowerment outcomes, and are important consider- ations for program design. Summer Jobs Connect partners highlighted the importance of designing programs that were informed by youth capacities and knowledge. CFE Fund surveys and focus groups in each of the five cities revealed that age, household banking status, and parental guidance all played important roles in shaping youths' beliefs about, and usage of, banking and savings behaviors. SYEPs should take these factors into account, designing programs that incorporate strategies for managing a bank account and building savings habits appropriate for participants' needs. Through Summer Jobs Connect, the CFE Fund's municipal partners are building a case for a new way to deliver summer youth employment programs, connecting youth to mainstream financial products and services, and putting them on the path to long-term financial stability. INTRODUCTION Across the country, municipal Summer Youth Employment Programs (SYEPs) provide youth, often from low-in- come communities, with short-term work experience and a regular paycheck. In this existing, widespread infrastructure and connection to youth, the Cities for Financial Empowerment Fund (CFE Fund) and the Citi Foundation saw an opportunity to build off of the traditional SYEP model, integrating strategies to connect bank account access and targeted financial education to youth employment. Working with five municipal partners, we learned that although every city's SYEP is unique, there are some overarching lessons that can help map the route to using summer jobs to financially empower youth: o developing a lasting financial empowerment infrastructure for SYEPs and beyond requires creating new partnerships and capacities and deepening existing ones; o banking access and financial education can be integrated into traditional SYEP structures by focusing on key touchpoints, where program partners interact with youth; and o youth capacities and knowledge are critical factors that affect a program's likelihood of achieving financial empowerment outcomes, and are important considerations for program design. THE SUMMER JOBS CONNECT INITIATIVE In 2014, with funding from the Citi Foundation, the CFE Fund launched Summer Jobs Connect (SJC) to directly fund 1,85o jobs for youth and help five cities integrate financial education and access to mainstream financial products and services into municipal SYEPs. This program aims to connect youth to safe and affordable financial services and change their financial behavior through targeted financial education. Summer Jobs Connect is part of the Citi Foundation's Pathways to Progress initiative, a three-year, $5o million program that will give 100,000 low-income youth the opportunity to develop the workplace skills and leadership experience necessary to com- pete in a zest century economy. The Opportunity: Building Youth Financial Capability Summer Jobs Connect leverages an important early moment in a participant's career trajectory as an opportuni- ty to empower youth as they embark on a path to long-term financial stability. Summer employment programs are a powerful entry point to a career path: one evaluation found that 75% of the over 350,00o youth in a nation- al, federally -funded SYEP experienced an increase in work readiness skills.' Other research has shown that early employment is associated with improved career and earnings outcomes later in life, highlighting that employ- ment is a pathway that can begin, and be reinforced, with SYEPs. This is especially important for low -and moderate -income youth, whose employment rates are often lower than youth from higher -income households.2 The CFE Fund defines financial empowerment as encompassing: o Professional financial counseling and education o Access to safe and affordable mainstream banking products and services o Short- and long-term asset building o Consumer protection in the financial services marketplace However, while traditional summer jobs give youth work experience and regular (if short-term) paychecks, research shows that many youth are ill -prepared to manage their new financial situations. For exam- ple, a zoo8 national survey by the Jump$tart Coalition found that the "financial literacy of high school students has fallen to its lowest level ever." Summer Jobs Connect's 2014 survey of youth in the five cities found that 51% did not have bank accounts before beginning their summer jobs, and 11% came from households in which no other mem- ber had an account. 6 Thus, financial empowerment is especially important for youth from low- to moderate -income (LMI) house- holds, the target population for municipal summer employment programs. The lack of an account can cost a consumer $40,0003 over a lifetime, diverting funds that could be used to cover basic costs of living, weather emergencies or build assets. Even for those who have bank accounts, uncertainty about how to best use the account, manage money, and deal with unexpected financial crises can lead to missed opportunities for finan- cial advancement. Research has shown that youth with fundamental financial literacy skills are more likely to make financially healthy decisions and critically evaluate financial products and services —but youth from LMI households are less likely to have developed these skills 4 The Summer Jobs Connect initiative connects LMI youth to bank accounts, and teaches them skills to manage the accounts over time, as an important foundation for financial stability. The Opportunity: Leveraging Existing Municipal Capacity The CFE Fund saw summer youth employment programs as especially opportune for financial empowerment integrations because of the scale and existing programmatic and funding infrastructure they offer. Dozens of municipalities across the country already have SYEPs, pro- viding seasonal employment and regular paychecks for tens of thou- sands of youth each summer. In addition to their connection to youth, existing municipal SYEPs already have a staffing and programmatic infrastructure —so Summer Jobs Connect cities did not have to fund - raise for new personnel positions or create new programs, but could build off a foundation that was already in place. This meant making stronger connections between their youth services or workforce office with their Office of Financial Empowerment or similar entity, which often led to increased collaboration in the longer -term. Many SYEPs also already include education modules that can be enhanced with financial education components, and some of the dedicated funding streams that SYEPs rely on, like those from the federal Workforce Innovation and Opportunity Act (WIOA), include funding that can be used for financial education. While these programs traditionally have not included opportunities to connect participants to banking and targeted financial education, Summer Jobs Connect cities found many opportunities throughout their existing programs to do so. "Summer Jobs Connect was the first time that the Department of Children, Youth and Their Families (DCYF) worked with the Office of Financial Empowerment in such an engaged way. It has been very exciting to see how financial empowerment program- ming can influence our youth. Recog- nizing that there are a dozen other City departments that also run initiatives for 14-24 year olds, we look forward to influencing them to integrate financial empowerment programming." — Glenn Eagleson, Senior Planner and Policy Analyst, San Francisco DCYF The Summer Jobs Connect Program: Key Touchpoints for Effective Interventions Realizing the importance of financial empowerment for LMI youth and the opportunity presented by municipal SYEPs, the CFE Fund worked with five cities to pilot financial empowerment strategies within their SYEPs and identify the most feasible and effective touchpoints: moments of interaction between a program partner and an individual youth, which present tangible opportunities to help the youth access mainstream financial institu- tions, use their accounts wisely, and gain knowledge, skills and attitudes that will enhance their lifelong finan- cial capability. The goal of the pilots was to build programmatic evidence for a new national model of SYEPs that leverages these summer employment touchpoints to on -ramp youth into long-term money management habits, sustained bank account access, and the financial mainstream. The 2014 Summer Jobs Connect partner cities were Chicago, Los Angeles, Miami, New York City and San Francis- co. With the exception of Miami, each had an existing SYEP which Summer Jobs Connect enhanced by adding job slots in 2014; Miami's program was created in 2014 and was funded entirely through this initiative. The pro- grams varied greatly in size and design, providing a number of lessons on how local context affects best practices for inserting financial education and banking access into youth workforce development programs; the table below describes each of the programs in more detail. 7 TABLE 1: SUMMARY OF SUMMER JOBS CONNECT CITY PROGRAMS IBM City Agency Partner Description of Overall SYEP Chicago Chicago Department of Family and Support Services; City of Chicago Office of the City Treasurer, Office of Financial Inclusion The Chicago SYEP runs a number of programs serving different populations and fostering different skill sets. The SJC funds supported Greencorps, a SYEP that focuses on preparing youth for "green" jobs through skills training and community greening projects. Los Angeles Economic and Workforce Development Department; City of Los Angeles Financial Empowerment Initiative The Los Angeles SYEP encompasses multiple programs; SJC funds supported the Los Angeles Trade Technical College's (LATTC) Bridges to Success/Workforce and Economic Development SYEP. The program serves economically disadvantaged youth ages 17 and 18 with barriers to employment, and consists ofjob-skills trainings at LATTC. Miami Miami Office of Grants Administration - Economic Initiatives The Miami SYEP program was entirely funded through SJC. The program served LMI youth recruited from four local high schools. Youth were employed by city agencies and departments, and the program was administered through a temporary staffing agency. San Francisco San Francisco Department of Children, Youth and Their Families; San Francisco Office of Financial Empowerment The San Francisco SYEP supports a number of programs run by community -based organizations. SJC funds were used in the Mayor's Youth and Employment and Education Program (MYEEP). MYEEP links low-income high school students to public and nonprofit sector employment, and provides career and leadership training to partici- pants. CBOs design their individual MYEEPs. New York City Younger Youth NYC Department of Youth and Community Development; NYC Office of Financial Empowerment The NYC Younger Youth SYEP supports youth ages 14-15 as they begin their first jobs. Youth are employed by nonprofits and commu- nity -based organizations. Additionally, youth participate in weekly workshops covering a variety of work -related and age -specific topics, including financial education. The program is facilitated by communi- ty -based organizations, but designed by DYCD. SJC funds were used to expand the program. New York City Older Youth NYC Department of Youth and Community Development; NYC Office of Financial Empowerment The NYC Older Youth program is very similar to the Younger Youth program, but without the weekly education component —older youth attend orientation and mid -summer workshops. Older youth are employed in the public and private sectors and work more hours per week than younger SYEP participants. The program is facilitated by community -based organizations, but designed by DYCD. New York City Ladders for Leaders NYC Department of Youth and Community Development; NYC Office of Financial Empowerment NYC Ladders to Leaders is a competitive professional development program for youth with a history of academic achievement. Participants complete an extensive, competitive application that includes essay writing and interviews, as opposed to the lottery -based selection for the larger NYC SYEP. Participants are often employed in the private sector. SJC funds were used to expand the program. 8 Type of Financial Education Total Number of City Job Slots/ Total Number of SJC Job Slots Program Length (weeks) Payroll Method EverFi was the main financial litera- 2 cy curriculum. Other tools included slots P1an2Achieve, Junior Achievement, MoneyThink, CFPB's Summer Youth Financial Capability Tool, and Opera- tion Hope's "Banking On Our Future" Paycheck issued by placement agency FDIC Money Smart Curriculum ii,000 total SYEP slots /159 SJC 5 weeks slots Paycheck issued by city i Financial Empowerment Center 114 total SYEP slots /114 SJC slots g weeks Paycheck issued by counselors provided individual counseling; also used Young America Saves curriculum. temp agency Placement agencies were required to design and offer financial education workshops throughout the summer. 6,885 total SYEP slots /181 SJC slots 6 weeks Paycheck issued by placement agencies NYC DYCD developed financial 47,126 total SYEP slots /799 6 weeks Paycard issued by city education curriculum that is SJC slots across all three NYC integrated into existing education. programs NYC DYCD developed financial 47,126 total SYEP slots /799 6 weeks Paycard issued by city education curriculum; youth SJC slots across all three NYC attended workshop on payday. programs Ladders to Leaders participants 47,126 total SYEP slots /799 6 weeks Paycard issued by city completed 3o hours of pre- SJC slots across all three NYC employment training designed programs by DYCD. 9 The CFE Fund's learning approach adapted methods from the needs assessment field, looking at the needs and capacities of youth as well as city programs themselves, and from the formative evaluation field, looking at how SYEPs currently integrated finan- cial empowerment into their existing programs and how these efforts might be improved. Sources of information included: youth surveys (designed by the CFE Fund and distributed by each city to a city -selected sample of youth) at the beginning and end of the sum- mer; focus groups conducted by each city; site visits by the CFE Fund staff; reports written by the cities; reports written by industry experts including the Consumer Federation of America (CFA) and the Consumer Financial Protection Bureau (CFPB); and a learn- ing community, led by the CFE Fund, of program managers in which city representatives and other stakeholders discussed their experiences in regular phone calls and a day -long convening. This paper details the initial lessons learned from integrating financial empowerment strategies into summer youth employment programs. Through developing and building new partnerships, taking advantage of import- ant touchpoints throughout the program, and setting goals informed by youth capacities, these five cities are beginning to build a blueprint for a new national Summer Youth Employment Program model. I. LESSON ONE: PARTNERSHIPS MAKE A DIFFERENCE IN FINANCIAL EMPOWERMENT INTEGRATION The Summer Jobs Connect program built upon the traditional SYEP model, but it also required each of the city partners to develop relationships with new key stakeholders: Offices of Financial Empowerment or similar mu- nicipal entities, financial institutions, and partners who held program data. Traditional SYEP programs are usually led by a city's youth services or workforce office or staff. To integrate the financial empowerment components, cities identified and worked closely with a financial empowerment staff member who helped select appropriate integration points and manage relationships with financial institutions. In San Francisco, the Department of Children, Youth and Their Families (DCYF) partnered with their Office of Financial Empowerment to design the city's Summer Jobs Connect Program. The program served as a starting point for collaboration, and DCYF is looking for ways to work with other parts of City government to integrate similar strategies for youth. The Miami financial empowerment program staff member pitched the city's new SYEP to school principals as a "different type of summer youth employment program; hiring kids with a purpose," and ensured that everyone involved, from students and administrators to worksite supervisors, understood that banking access and finan- cial education would be a key component of the program. Summer Jobs Connect provided opportunities for municipal governments to work with financial institutions to negotiate safe and appropriate products for youth. With the help of their financial empowerment staff, and as a core part of their programs, cities identified a variety of banking access needs and opportunities: they explored 10 ways to streamline the account opening process through remote appli- cation or on -site participation of financial institution representatives; they sought accounts with low fees, no overdraft, and ChexSystems and ID flexibility; and they sought technology -based connections between their enrollment and payroll systems and the financial institutions. Cities considered a variety of financial products, looking for some or all of the following features to meet youth needs: o do not require co-signer for minor o accept alternative forms of identification o do not use consumer reporting agency (CRAB), such as Chexystems, account screening reports o do not permit overdraft or charge fees for insufficient funds o allow online bill pay o have extensive ATM networks o have potential remote account opening options _g Of the 42 accounts at 35 financial institutions that cities identified as being able to provide appropriate access for youth in SYEPs, only 11 could be opened by minors without adult co-signers. For example, the Los Angeles program staff convened a roundtable discussion with Bank On Los Angeles mem- bers to explore the possibility of connecting youth to banking opportunities over the summer of 2oi4• Through this process, they identified an appropriate account at a local bank for youth ages 18-24 to enroll in direct deposit. Finally, to understand the impact of their programs, the cities needed to work closely with their partners —other City agencies, job placement organizations, and financial institutions —to collect and share data on SYEP youth participation. Cities identified existing data sources, worked to establish common goals, and determined how data would be shared. This included fielding surveys, holding focus groups, and establishing database systems. Data helped cities understand youth participation in Summer Jobs Connect, and it will also help make the case in the long term for ongoing integration of financial empowerment into SYEPs. THE FIVE KEY FINANCIAL EMPOWERMENT TOUCHPOINTS FOR THE SUMMER YOUTH EMPLOYMENT PROGRAM INTEGRATION APPLICATION Summer Youth Employment Program (SYEP) applications can collect banking status and eligibility information. Applications can also survey youth's knowledge of financial topics and encourage youth to start thinking about summer savings and banking goals. re ENROLLMENT Program staff can facilitate account opening and direct deposit and address any barriers to ensure that the first paycheck can be easily deposited. For youth with barriers like identity theft or account history problems, programs can help find accounts with flexible screening or make plans for appropriate alternatives. 111 ORIENTATION Financial education can start at orientation. Orientation can also include account opening, either remotely or with bank representatives in attendance to open accounts onsite. I© PAYROLL Direct deposit, including into multiple accounts for automated savings, at pay periods is a primary banking access goal. Payroll is also a critical point to begin providing education on smart banking and financial management strategies. ! t ONGOING TRAINING Connecting direct deposit banking to SYEP financial education is an experience -based way to enhance educational objectives. Lessons include how to use a payroll card without incurring fees, managing debit card spending, or solving problems with financial institutions. II. LESSON TWO: MULTIPLE TOUCHPOINTS OFFER OPPORTUNITIES TO INTEGRATE FINANCIAL EMPOWERMENT Municipal SYEPs vary greatly, and integrating financial empowerment into these programs involves many processes and partners, which each of the Summer Jobs Connect cities approached differently. Nonetheless, all five programs, and in fact all SYEPs, have similar programmatic timelines with typical touchpoints that offer opportunities to provide financial empowerment services. These touchpoints are moments of interaction between a program partner and an individual youth, which pres- ent tangible opportunities to collect vital program data, help the youth open safe and affordable financial prod- ucts and enroll in direct deposit, receive financial education on setting goals and using accounts wisely, and gain knowledge, skills and attitudes that will enhance their lifelong financial capability. Each of the cities leveraged a different combination of these touchpoints. This section (and accompanying graphic) explains how each touchpoint can be leveraged for financial empow- erment, highlighting examples from each city. It is important to note that achieving scale — delivering financial empowerment services to a large number and proportion of municipal program participants — will depend in large part on the degree to which the city controls critical touchpoints. While Miami's Office of Grants Administration - Economic Initiatives completely controlled its small, start-up program, the four larger Summer Jobs Connect cities (Chicago, Los Angeles, New York City and San Francisco) evolved with different levels and methods of decentralization. Application: an Opportunity to Collect Critical Data and Documents The application touchpoint, when youth apply for a job in the SYEP, offers an opportunity for data collection and can lay the groundwork for ongoing outreach and account opening. Application forms can facilitate col- lecting information about banking status, determine account eligibility, and call for essential documentation needed to open an account. Cities can use applications to start nudging youth towards opening bank accounts, or setting savings goals. Applications can also serve as a survey tool to establish knowledge of financial topics, and can encourage youth to start thinking about or commit to summer savings goals. For example, New York City's application includes a "Required Document Checklist" outlining documentation (such as proof of ID and address) that youth will need to submit for employment. The checklist is again provided to youth when they are notified of their lottery selection in SYEP. For youth over 18, New York City plans to add questions about opening bank accounts to the checklist. New York City also plans to include information about banking options on the SYEP participant website which is already set up to provide youth information about their application, worksite, provider and payroll status. All partner cities but Miami used an online application, with New York City and Chicago requiring all youth to apply online. In San Francisco, approximately a third of all youth who applied for jobs as part of the city's overall 2o14 SYEP used the online application; the other two-thirds of participants applied through paper applications that were collected by the community -based organizations who run the job placement component of the SYEP programs. SYEPs found that centralizing and automating the application process can affect the speed of data collection, data quality, capacity for data analysis, and effectiveness of ongoing outreach. Enrollment: Best Opportunity to Set up Accounts or Direct Deposit A central goal of Summer Jobs Connect was to assist youth to enroll in safe and affordable financial services by directly depositing their paycheck into accounts at financial institutions. This was a two-step process: youth first needed to have an account or apply to open one if they were unbanked, and then needed to supply this valid, active account information to set up direct deposit. 13 Focus groups in Miami and Chicago revealed that youth who received more in-depth, person- alized information in a smaller setting retained a great deal and were more likely to achieve their savings goals than youth who attended very large orientation sessions that covered general financial information. During program enrollment, which often happens individually or in small groups, case managers can collect account information, help youth apply for accounts, or address any barriers so that either the first paycheck can be seamlessly deposited or the youth can prepare safe and affordable non -bank options to receive their pay. During the enrollment process, most youth meet with caseworkers independently, but some, especially the youngest, are likely to be accompanied by a parent or guardian. For unbanked youth under age 18, this makes en- rollment a critical opportunity to obtain the adult co-signer required by most mainstream financial institutions when opening an account for a minor. The necessity of an adult co-signer will remain a challenge for many SYEP participants under 18, who do not have adults who are appropriate, available or willing to co-sign. For example, some youth are estranged from their parents; some of their parents are barred from opening accounts due to account history screening some are from immigrant communities that do not have experience interacting with mainstream financial institutions; and some simply do not want the adults in their lives to have access to their earnings. Orientation: Last Chance for Direct Deposit The typical time lag required to process an authorization for direct deposit is up to two weeks, making orienta- tion the last touchpoint at which this vital financial empowerment step can occur. As most SYEPs are 6-8 weeks long, later processing may cause the first paycheck (of three to four total wage payments) to be issued on paper, diluting the safety and money management advantages that being banked can offer. Orientation can also serve as an opportunity to discover barriers to account access. In zo14, several cities and their community -based partners invited bank representatives to attend orientation to open youth accounts onsite. A surprising number of youth were found to have negative reports from bank account screening consum- er reporting agencies such as ChexSystems. This especially, but not only, affected participants over age 18. Some had an account that was closed due to overdrafts committed by themselves or their co-signers; others' identities were used to open and close accounts without their knowledge. In Los Angeles, 4o of 18o youth in Summer Jobs Connect -funded slots who tried to open accounts were barred by negative reports. Although Los Angeles was able to work with Union Bank on more flexible screening criteria, the fact that the barriers were not identified before orientation resulted in payroll obstacles for some youth. By identifying such barriers early, programs can help youth find accounts with flexible screening criteria or make plans for safe and affordable non -bank options to receive their pay. Orientation: Also an Opportunity to Introduce Financial Education and Administer Baseline Surveys Orientation was an opportunity for an introduction of financial education topics and baseline surveys of youth knowledge and use of financial products. In all five cities, financial education was first introduced at orientation. Miami's daylong orientation was intensely focused on financial education; it included a video produced by the Consumer Federation of America (CFA) encouraging youth to set savings goals, and it promised to remind youth about their goals via text message and email throughout the summer. Sessions covered bank accounts and direct deposit, withholdings from paychecks, credit, money management and budgeting, as well as presentations from financial institutions. At the end of the day each participant received a workbook reinforcing the topics that were discussed as well as a home- work project to create a spending plan. In the other cities, orientation was conducted by the city -contracted SYEP partner job placement agencies with varying degrees of standardization. In New York, Los Angeles and Chicago, the city provided some standard guidelines and materials but allowed placement agencies to create their own workshops. New York and Los Angeles required youth to work on specific finance -related materials provided by the city. In Chicago's gener- al SYEP, the orientation curriculum varied by placement agency, with all 14 providing an overview of responsible banking and saving practices and some incorporating CFAs sav- ings video. Financial orientation was more intense in the GreenCorps Chicago Youth Program where the Summer Jobs Connect -funded job slots were placed; it included how to complete tax forms, banking prac- tices, check cashing, budgeting for summer expenses and saving practices. San Francisco was the least centralized, allowing placement agencies to develop orientations based on the needs and expectations of their own programs; some but not all agencies incor- porated financial education into orientation. In addition to providing introductory financial education, the orientation touchpoint can also be a good opportunity to do pre-tests or baseline surveys of youth financial knowledge and attitudes about banking. Surveying should ideally be done before delivering any financial education, so as not to bias results with anything learned during the orientation session. Payroll: Opportunities to Reinforce Financial Empowerment Lessons The payroll touchpoint critically affects whether youth pay fees to cash paper checks or use direct de- posit to encourage savings behaviors. However, the ability to use SYEP payroll to support direct deposit depends largely on whether the program structure is centralized or decentralized. Miami, with the most centralized SYEP structure, contracted a staffing agency to process payments to youth and 95% used direct deposit; the city's Program Manager picked up and distributed checks to the remaining 5%. In New York City, the central payroll office distributed payroll cards (paycards) and direct deposited funds either to the cards or to youths' accounts. In contrast, payroll in Chicago and San Francisco was completely decentralized: job sites and placement agencies were in charge of payroll for youth, which meant that cities had less ability to direct whether youth had a bank account and direct deposit option or were given paycards. Although the long-term programmatic goal was to move youth into bank accounts, cities found some short-term advantages in using paycards instead of paper paychecks. For youth, paycards help avoid check cashing fees, and may offer less temptation to spend than cash; it may be possible to attach a savings account option to a city's paycard contract, to allow youth to split their deposits and facilitate savings. For cities, paycards may be a more efficient process to integrate into SYEP processes. New York City saved extraordinary amounts of time and labor when it converted from distributing paper checks to electronically loaded paycards. Since paycards are typically drawn on an employer account with sub -accounts for each employee, there may be lower thresholds for custom- er identification, therefore making it easier for cities to enroll large groups of people. Using payroll to support financial empowerment goals (such as opening a bank account, enrolling in direct de- posit, and saving earnings) in a decentralized setting requires building new consensus and commitment among a wide range of partners, which may be a long-term goal for some SYEP programs. Decentralized cities can also 15 experiment with mandating access to bank accounts and direct deposit through procurement channels. As cities control the funding streams and partnership opportunities, they can include a contractual requirement for part- ners to pay youth through bank accounts, not paper checks or paycards. Distribution of the final payroll is an ideal time to do post-tests and follow-up surveys. Some placement agencies in San Francisco require youth to return to their placement agencies and complete exit interviews or surveys to receive their final pay. Ongoing Training: an Opportunity for Continued Financial Education SYEPs traditionally include mandatory classroom education, often content -specific job skills or soft skills train- ing, throughout the program. Summer Jobs Connect took advantage of this ongoing training to layer in and re- inforce key financial empowerment themes. Each city approached financial education differently, based on their participants' needs (see Table i for more information on each city's approach). In Miami, youth met individually with counselors from the city's Financial Empowerment Center. In the other cities, placement agencies were required to provide workshops on a variety of topics, including financial education. In New York, all youth at- tended financial literacy workshop on their first payday; the curriculum was developed by the NYC Department of Youth and Community Development and presented by placement agency staff. In Chicago and Los Angeles, youth worked through financial education curricula throughout the summer. Chicago primarily used the EverFi online curriculum; Los Angeles primarily used the FDIC Money Smart curriculum. San Francisco allowed place- ment agencies to design their own financial education workshops, and to offer a number of different workshops during the summer, a strategy which allowed agencies to address the unique needs of their youth cohorts. Cities also created new educational touchpoints using technology. Miami sent text messages with financial education themes; New York City reinforced financial empowerment messages on its application and payroll website. Chicago and LA both offered youth the opportunity to earn a digital financial literacy badge, based on completing EverFi and FDIC Money Smart, respectively. III. LESSON THREE: YOUTH CHARACTERISTICS SHOULD INFORM PROGRAM DESIGN As stated above, Summer Jobs Connect aims to connect youth to safe and affordable financial services and change their financial behavior through targeted financial education. Of course, meaningful and measurable outcomes can only be achieved if financial empowerment programs are informed by, and designed to work with, the knowledge and capacities of the youth involved. When it comes to financial empowerment, youth entering Summer Jobs Connect were not blank slates or empty vessels. Although they overwhelmingly came from low-income house- holds, youth survey results indicate that 49% of Summer Jobs Connect youth were already banked at the beginning of the summer, and most of their families were banked as well. They had beliefs — positive and negative — about banking; they were familiar with cultural norms like the importance of saving; and they had preferences about how they learn about finan- cial issues. These beliefs often differed by cohort age (some programs served youth under 18, while some served youth over 18) and by the cohort's academic achievement level (some pro- grams were targeted to a more general population, while some were focused on higher -achieving youth). Below are some key lessons about what youth know about banking, what they want to learn about savings strategies, and how they learn about finances, based on Summer Jobs Connect surveys and focus groups. How we learned from youth: The CFE Fund created two short surveys including several pre/post style questions. Each city distributed them to a sample of youth (New York City selected three samples, reflecting its complex program design; there- fore, survey results are discussed for "seven programs" as opposed to five). Cities felt the samples were representative of their overall SYEP populations. Each city conducted and reported on focus groups made up of youth from their overall SYEP populations. Questions were based on themes recommended from the CFE Fund. Consultants from Consumer Federation of America conducted and reported on focus groups with Miami participants. Questions were based on themes recommended from the CFE Fund. BEFORE SYEP, DID YOU HAVE AN ACCOUNT? 100% 75% 50% 25% 0% �I Banked Household Unbanked Household SOURCE: BEGINNING OF SUMMER SURVEY ■ No ■ Don't Know/Not Sure ■ Yes, I used to have an account but I don't now ■ Yes, I have an account now 17 Factors that Shape Youths' Use of, and Belief in, Financial Institutions Factors Affecting Use of Bank Accounts Increasing use of accounts at financial institutions was a core component of Summer Jobs Connect: 51% of youth surveyed reported being unbanked at the beginning of the summer, and over the course of the summer, 20% of youth had opened accounts. The factors influencing youth banking status that emerged from the sur- veys and focus groups included household banking status, age, and parental guidance. As shown in the chart below, one third of youth from unbanked households had bank accounts, while over half of youth from banked households were banked themselves before the summer started. Overall, most youth reported that they lived in banked households. At the beginning of summer, in six of the seven programs (which includes New York's three programs —refer to Table 1 for more detail on each city's programs), more than 80% of respondents said someone else in their household had a savings or checking account at a bank or credit union; the figure was 68% in Los Angeles. Age also affected whether youth had accounts: only 41% of all youth under 18 reported being banked at program start, whereas 65% of youth over 18 were banked. The difference between those under 18 and those over 18 was even greater in certain programs, such as NYC Ladders for Leaders (a competitive program aimed at high- er -achieving youth), where 56% of youth under 18 were unbanked compared to 93% of over 18 youth who had accounts. In addition to being less likely to have accounts, youth under 18 were more likely to express disinterest in ac- counts: 39% of youth without accounts who were under 18 (compared to 29% of those over 18) said in surveys "I don't need a bank account." Of course, this is not unique to Summer Jobs Connect participants: youth often do not express a self -directed need for a bank account. A meta -analysis of financial inclusion programs for young people found that most youth with savings accounts do not open them on their own, but only with encourage- ment from parents and financial inclusion programs.s Summer Jobs Connect aimed to provide this encourage- ment around account opening. The focus groups and surveys highlighted the role of parents in determining whether youth have bank ac- counts. In San Francisco, it was evident that parents played a key role in opening accounts and setting saving behavior: youth who had opened accounts did so with their parents, and in many cases the parent set rules for I FEEL THE BENEFITS OF A BANK ACCOUNT INCLUDE... When I deposit my check directly into the bank I get my money faster than with a paper check I can avoid check cashing fees I could get my money out for free using in -network ATMs I can use a debit or ATM card to buy things at stores or online Carrying an ATM card is safer than carrying all of my cash It helps me save my money instead of spending it 20% SOURCE: BEGINNING OF SUMMER SURVEY 30% 40% 50% 60% 70% ■ Banked Households ■ Unbanked Households 18 One participant in a San Francisco focus group said "I'm trying to save for school clothes, but it is gone, I'm always spending on something. I do have a bank account, but I still spend it." saving and spending related to summer earnings. In New York City, participants who currently had bank accounts had custodial accounts with their parents, which were established at the request or direction of their parents. On the survey, among youth who selected some other reason why they did not have accounts, EA of pre -survey respondents and 16% of post survey respondents wrote in something to do with their parents as the reason (ranging from "my parents don't think it's the appropriate time yet" to "I use my parents' account"). All of these respondents were under 18. Banking exposure, age and academic orientation play important roles in shaping youths' beliefs about banking. On both beginning and end of summer surveys, youth were provided with a list of six commonly cited benefits of banking and were prompted to select all that they agreed were a benefit. These included it helps me save mon- ey instead of spending it, when I deposit my check directly into the bank I get my money faster than with a paper check, and carrying an ATM card is safer than carrying all of my cash. As shown in the chart below, a higher percentage of youth from banked households than unbanked households cited these various benefits of bank accounts. Being banked themselves also relates to youths' beliefs about bank accounts. Across all programs and ages, banked youth cited more benefits of banking than unbanked youth. In fact, younger youth with accounts were more likely than older youth without accounts to agree with each of the statements about banking benefits except I can avoid check cashing fees: perhaps younger youth with accounts had never needed to learn about check cashers. New York City focus groups confirmed a connection between beliefs and bank account exposure, whether personal or household: fewer participants were banked and more voiced misperceptions about banking fee structures, leading to negative characterizations of banking overall. Chicago focus groups suggested that beliefs about banking may determine whether youth are banked, rather than vice versa: participants who held a nega- tive perception of the financial industry generally opted for a check or cash as the preferred method of payment. Survey respondents under 18 in programs geared towards younger youth and those enrolled in programs serving youth with academic or employment barriers agreed with fewer of the survey's six positive statements about banking. Youth in programs geared towards academically engaged and college -bound youth expressed agreement with more of the positive beliefs about banking. In fact, unbanked youth in programs geared towards high -achieving youth held more mainstream beliefs about the benefits of banking than unbanked youth in other programs. Based on these findings, SYEP financial empowerment programs should take into account the influence of household banking status, age and parents on youths' banking status and beliefs about banking. Potential pro- gram responses include: o sharing financial empowerment information with parents and guardians and engaging them as champions of core financial empowerment messages o emphasizing different messages in educational sessions with younger and older youth (for example, messages about the importance and benefits of financial institutions may be appropriate for younger youth, while older youth may be more responsive to messages about how, not why, to open and maintain accounts) o asking youth who enter SYEPs with accounts to serve as peer educators to unbanked youth, especially those from unbanked households. 19 Factors that Affect Youths' Ability to Save Explicit, Age -Appropriate Savings Strategies At the beginning of the program, most youth surveyed said they wanted to save their summer pay: 77% of youth in all programs planned to save some (40%-59%) or most (60%-99%) of it. However, there was variation in intent to save. A San Francisco focus group found that savings was an important priority for youth, as they all wanted help in putting aside part of their earnings. They knew it was what they "should" be doing, but they were less clear on how to make it actually happen. The New York City focus groups found savings to be a much lower pri- ority; although most participants believed that saving money was important, they also believed that they were too young to be overly concerned with the issue. Across cities, focus groups suggested that older youth were more interested in saving, and were saving for longer -term goals than younger youth. For example, younger focus group participants in Chicago said their savings were generally for short-term goals (e.g. shoes, music instrument, video games, clothes), whereas older participants in focus groups in Miami and Chicago were much more likely to save portions of their paycheck for college -related expenses and less likely to spend on consumer goods. Focus group participants in NYC Ladders for Leaders also focused their savings on college -related expenses. However, older youth also had a hard time saving in practice, even though they set higher goals for themselves. While 49% of older youth indicated they wanted to save most of their earnings, the end of summer survey reveal that only 29% of youth over 18 were able to successfully save most of their earnings. Across all cities and age groups, youth intentions to save exceeded their actual savings behavior. Survey results reveal that there was no program where the proportion of youth who actually saved matched the proportion who had planned to save: overall, while 77% of youth planned to save some or most of their pay at the beginning of the summer, only 62% reported actually doing so. The Miami focus group provides an illustrative example: when participants were asked to rate their savings success, slightly more than half rated themselves poorly. In focus groups, youth indicated an interest in learning strategies for self-control in managing their money and saving. Based on our findings, SYEP financial empowerment programs should provide youth with clear and feasible tactics for saving, putting a deeper emphasis on the importance of savings where local data suggests that youth may not fully believe in this priority. Impact of Direct Deposit on Savings Behavio Some focus group participants clearly felt that their ability to resist the temptation to spend was supported by directly depositing their earnings and then using a debit card for spending. HOW NYC YOUTH USED PAYCARDS I got cash back when I swiped my card for a purchase I transferred money off my card and into my savings or checking account I withdrew most of my money each time I got paid I used it like a credit card and bought things from stores by swiping it 0/0 SOURCE: END OF SUMMER SURVEY 20% 40% 60% Younger Youth ■ Older Youth ■ Ladders to Leaders 20 However, as the chart on paycard usage in New York City suggests, paycards did not support saving for most recipients. Across the three New York City programs, youth reported they were most likely to use the paycard like a credit card to buy items (between 4o-5o%), or to immediately withdraw most of their earnings after getting paid (between 25-3o%). Only 15-2o% of youth reported transferring money from their paycard into a checking or savings account (youth who were already banked at the beginning of the summer were able to enroll in direct deposit). Many New York City focus group participants, particularly younger youth, noted that they were more likely to overspend because they could readily access and use money, making it more challenging for them to save. Participants explained that simply swiping a card, rather than seeing the physical bill notes when paying with cash, allowed them to be less conscious of how much money they were spending. Focus group data reveals that youth used direct deposit to separate earnings between checking and savings accounts to encourage saving and responsible spending. However, while direct deposit was seen as a tool to help control temptation, many youth felt that accounts alone weren't enough to help them save when confronting the realities of money management. In every program, the percentage of youth who felt that a bank account helps me save money instead of spend it decreased from beginning to end of summer. In three of the programs, all serving older youth, the percentage of youth who felt a bank account helped them saved decreased by more than 1o% over the summer. Youth experienced that saving was difficult, despite good intentions, and that more direct interventions were needed to help them save beyond solely enrolling them in an account. Clearly, direct deposit alone is insufficient - youth also need targeted education on how to use a bank account to actually save. Focus groups revealed that youth did not know how to split their direct deposit pay into saving and checking accounts, nor how to set up savings accounts that were linked to their checking accounts. SYEP financial empowerment programs should help youth achieve their savings goals by teaching them how to do so, helping them set goals that are appropriate for their age, and facilitating savings habits through split deposits. Factors that Make Youth More Receptive to Information People that youth have trusted relationships with — particularly parents — are their most important sources of financial information. On the beginning of summer survey, in every program except Los Angeles, at least 40% of youth said they would MOST like to learn more about money and accounts from my family or community; in three of the seven programs, more youth selected this option than any other. Focus groups underscored the importance of parents in how youth learn about finances. Most participants in the Chicago focus groups, for example, learned about financial concepts, saving prac- tices, and banking services from their family members, especially their parents. Many participants relied on their parents for advice about banking services, perceiving them as the most trusted source of information about financial decisions. First or second generation immigrants seem to have especially positive relation- ships with their parents about money. In the New York City focus groups, Ladders for Leaders participants seemed to have better relationships with parents regarding financial issues, and tended to place more value in information shared by their parents. How- ever, not all youth appreciate their parents' influence. The New York City focus groups revealed that youth vary in the extent to which they trust family members for financial advice, as many youth seemed to disregard parental advice about how to manage their money, even feeling their parents knew less about finances than they did. A recent report by the Consumer Financial Protection Bureau corroborates these findings, noting that "relationships matter" and that "families play a key role in how youth hear, perceive, and act on financial education messages. Taking this influence into account, youth employment programs may want to explore how financial capabil- ity activities and conversations can involve family members and friends. The Miami focus groups expanded on the range of trusted relationships for financial information: while the large majority of participants cited family members - typically parents or guardians (e.g., grandmother) - as their 21 primary source of savings -related infor- mation and advice, other sources of mon- ey management advice included: teachers, employers, and financial institution (e.g., bank or credit union) employees. Overall, 83% of youth said yes to the end of summer survey question Did you learn anything about money and accounts this summer? Those who said yes were then asked What was your best source to learn about money or accounts this summer? The number of youth who selected "from my family or community" remained high: 36% to 46% in five of the seven programs. In Miami, NYC Ladders for Leaders and NYC Older Youth, "from my family or community" was the most frequently selected option. However, youth who attended a number of financial education workshops as part of their SYEP, specifically younger youth in New York City and youth in the Los Angeles and Chicago programs, indicated that their best source for learning about money and accounts was found in a classroom or group, indicating that the financial education provided through SYEP was considered valuable and useful. Increasingly, technology is being used as an educational tool, especially for youth: it offers an opportunity to interact with youth in a way they are comfortable with, and has enormous potential for scale and consistent delivery. Several Summer Jobs Connect cities are experimenting with using technology to deliver or support financial education. However, despite the near -ubiquity of mobile access (in all cities at least 70% of youth had smartphones), youth did not view technology as the most important medium to learn about money, especially if they hadn't already been exposed to learning about finances through technology. When asked in the beginning of summer survey how they would MOST like to learn about money and accounts, youth in all programs except Miami were half as likely to select from an app or over text messaging than from my family or community or in a group or class. In Miami and in one of New York's programs, youth were more interested in technology -based tools. (In Miami, prior to taking the survey youth were informed that they would be receiving text messages to support their savings pledges.) In addition, older, higher -achieving youth in New York said they would like to learn from websites. However, while the New York City focus groups found that participants liked the idea of using a web -based game to test their financial knowledge, they felt that this would be most appropriate for use during a class or workshop, and that they would not use this on their own time. These survey and focus group results point to the importance of testing and tailoring technology -based tools to ensure that they are relevant and interesting for youth; in future program years, cities may continue to tweak their delivery of technolo- gy -based lessons, beyond static web -based learning tools to more interactive technology blended with personal educational support. SYEP financial empowerment programs should take parental influence into account where possible, recogniz- ing that financial education provided by program staff may not be trusted more than that coming from family members. As mentioned above, providers should think about how parents and other trusted people in youths' lives can be involved in helping to reinforce key financial empowerment messages outside of the program. This is especially important given that youth may come from unbanked households, where parents and other family members may initially have negative perceptions of banking; programs may need to proactively engage family members as champions of financial empowerment messages. When setting outcome targets, SYEP financial em- powerment programs should not overestimate the potential impact of technology -based educational methods. While technology offers the potential to bring financial education messages to scale (reaching a large number of youth at a relatively low cost), technology tools should be thoroughly tested and smartly deployed so that they capture youths' attention and their messages are retained. 22 CONCLUSION AND NEXT STEPS The experiences of Summer Jobs Connect partners provide initial lessons on integrating financial empower- ment strategies into summer youth employment programs. City partners had to be thoughtful in planning their financial empowerment integrations: they had to create new partnerships between city partners, financial institutions and nonprofits to design the program, negotiate safe, appropriate financial products, and ensure that they could access the data needed to understand youth participation in the program. They had to carefully think through existing programmatic touchpoints, taking advantage of impactful moments like enrollment and payroll during a busy summer schedule to integrate financial empowerment. And, they had to carefully consider how participants' age, household banking status, and parental guidance shaped their beliefs about, and usage of, banking and savings behaviors. Through developing new partnerships, identifying and leveraging important programmatic touchpoints, and setting goals informed by youth capacities, the CFE Fund's municipal partners are beginning to build a case for a new way to deliver summer youth employment programs. Building off of the foundation of early career experience that summer youth employment programs offer, Summer Jobs Connect demonstrates the important opportunity for inserting financial empowerment strategies into SYEPs. The CFE Fund will support our municipal partners as they build and strengthen the banking access and finan- cial education components of their summer youth employment programs. In the second program year, with funding from the Citi Foundation, Summer Jobs Connect partners will focus on innovative new ways to deep- en financial empowerment strategies in their programs. As they and other municipal leaders draw upon the lessons learned in this first program year, we look forward to seeing new iterations of this work that continues to leverage the connections to youth and paystreams that SYEPs represent. Summer Jobs Connect is a powerful new opportunity to weave financial empowerment strategies into the existing infrastructure of summer youth employment, connecting youth in a lasting way to mainstream financial products and services and putting them on a path to long-term financial stability. ENDNOTES 1 Belotti, Jeanne, Linda Rosenberg, Samina Sattar, Andrea Mraz Esposito, and Jessica Ziegler. "Reinvesting in Americas Youth: Lessons fom the zoo9 Recovery Act Summer Youth Employment Initiative," Mathematica Poli- cy Research, Inc., 2010, http://files.eric.ed.gov/fulltext/ED51o398.pdf 2Sum, Andrew, Ishwar Khatiwada, Mykhaylo Trubskyy, and Martha Ross with Walter McHugh and Sheila Palma, "The Plummeting Labor Market Fortunes of Teens and Young Adults," The Brookings Institution, 2014, http://www.brookings. eduF/m edia/Research/Files/Reports/2o14/03/14%2oyouth%2oworkforce/Youth_Work- force_Report_FINAL.pdf 3 Fellowes, Matt, and Mia Mabanta, "Banking on Wealth: America's New Retail Banking Infrastructure and Its Wealth -Building Potential", Brookings, January 2o08 http://www.b rookings. edu/research/reports/too 8/o 1/banking-fellowes. 4 Lusardi, Annamaria, Olivia Mitchell and Visla Curto, Finanacial Literacy Among the Young; Evidence and Implications for Consumer Policy, Insurance and Risk Management of the Wharton School of the University of Pennsylvania, 2009, file://server/Folder%2oRedirection/scollyer/Downloads/WP2oo9-13-Mitchell.pdf 5 Freidline, Terri and Mary Rauktis, Young People Are the Front Lines of Financial Inclusion: A Review of 45 Years of Research, The Journal of Consumer Affairs, Fall2o14, http://onlinelibrary.wiley.com.ezproxy.cul.columbia.edu/doi/1o.1111/j oca.12o5o/pdf APPENDIX Appendix A: Sample Beginning of Summer Orientation Survey 1. What are you MOST LIKELY to do with your pay- check this summer?* o Deposit it into a bank or credit union account o Cash it at a check cashing store o Cash it at a bank or credit union o Give it to someone else to deposit o Don't Know/Not Sure 2. How much of your summer pay do you plan to save for the future and emergencies?* o All of it (100%) O Most of it (6o% - 99%) O Some of it (40% - 59%) o A little of it (1% -39%) o None(o%) 3. Before starting this summer's youth employment program, did you ever had a bank or credit union account?* o Yes, I have an account now o Yes, I used to have an account but I dont now o No o Don't Know/Not Sure 4. How often do you deposit money into that account?* o Often o Sometimes O Rarely O Never 5. Which of the following reason(s) are why you do not have a bank or credit union account? (check all that apply)* o I dont need a bank account o I dont have access to a bank or credit union where I can open an account o I dont trust banks or credit unions o I dont have documents required to open an account o I dont want to pay the fees for an account o I can't meet the minimum balance required for an account o My request for an account was rejected by a bank or credit union o Some other reason: 6. Does anyone else in your household have a savings or checking account at a bank or credit union?* O Yes o No 7. I feel the benefits of a bank account include: (check all that apply)* o I could get my money out for free using in -network ATMs o I can avoid check cashing fees o When I deposit my check directly into the bank I get my money faster than with a paper check o Carrying an ATM card is safer than carrying all my cash o It helps me save my money instead of spending it o I can use a debit or ATM card to buy things at stores or online 8. How old are you now?* O 14 O 17 O 20 O 15 O 18 O 21 O 16 O 19 O 22 9. What is your gender?* O Male O Female O Transgender O 23 O 24 O 25 in. Do you consider yourself to be Hispanic, Latino or Latina?* O Yes, Hispanic/Latino/Latina O No, non Hispanic/Latino/Latina 11. What is your race?* O Black/African American O Caucasion/White O American Indian/Aleut/Eskimo/Alaska Native O Asian o Native Hawaiian/Pacific Islander O Mixed Race 12. What is your zip code?* 13. Do you own a cell phone?* O Yes, a smart phone where I can text AND install apps (iPhone, Galaxy, etc) O Yes, a standard cell phone with texting O No 14. How would you MOST like to learn more about mon- ey and accounts? (check all that apply)* O From my family or community O In a class or group O From an app O Through a website O Over text messaging Thank You! 24 Appendix B: Sample End of Summer Survey i) What did you do MOST OFTEN with your paycheck this summer?* o Deposit it into a bank or credit union account o Cash it at a check cashing store o Cash it at a bank or credit union o Give it to someone else to deposit o I dont remember 2) How much of your summer pay did you save for the future and emergencies?* o All of it ()0o%) O Most of it (60% - 99%) O Some of it (40% - 59%) o A little of it (1% -39%) o None(o%) 3) Did you TRY to open a new bank or credit union account this summer?* o Yes, and I successfully opened an account o Yes, but I decided not to finish the application o Yes, but the bank or credit union rejected my applica- tion o No o Don't Know/Not Sure 4) How often do you deposit money into that account?* o Often o Sometimes O Rarely O Never 5) Which of the following reason(s) are why you didn't try to open a bank or credit union account? (check all that apply)* o I dont need a bank account o I dont have access to a bank or credit union where I can open an account o I dont trust banks or credit unions o I dont have documents required to open an account o I dont want to pay the fees for an account o I can't meet the minimum balance required for an account o I tried opening an account before and was rejected o Some other reason: 6) Did anyone else in your household open a new sav- ings or checking account at a bank or credit union this summer?* O Yes o No 7) I feel the benefits of a bank account include: (check all that apply)* o I could get my money out for free using in -network ATMs o I can avoid check cashing fees o When I deposit my check directly into the bank I get my money faster than with a paper check o Carrying an ATM card is safer than carrying all my cash o It helps me save my money instead of spending it o I can use a debit or ATM card to buy things at stores or online 8. How old are you now?* O 14 O 17 O 20 O 15 O 18 O 21 O 16 O 19 O 22 9. What is your gender?* O Male O Female O Transgender O 23 O 24 O 25 10. Do you consider yourself to be Hispanic, Latino or Latina?* O Yes, Hispanic/Latino/Latina O No, non Hispanic/Latino/Latina 11. What is your race?* O Black/African American O Caucasion/White O American Indian/Aleut/Eskimo/Alaska Native O Asian o Native Hawaiian/Pacific Islander O Mixed Race 12. What is your zip code?* 13) Did you learn anything about about money and accounts this summer?* O Yes O No 14) What was your best source to learn about money or accounts this summer? O From an app O Over text messaging O Through a website O In a class or group O From my family or community O Other Thank You! 25 Appendix C: Focus Groups Focus groups were conducted by Alan Newman Research on behalf of the Consumer Federation of America (Mi- ami youth); Mission SF Community Financial Center for CHALK/ Bay Area Community Resources (San Francis- co youth); Chapin Hall (Chicago youth); and Rescue SCG (New York City youth). In Los Angeles, program staff led the focus groups. Appendix D: Demographics of Youth in Summer Jobs Connect -funded Job Slots Age 14-18 19-21 22-24 Race American Indian/ Alaskan Native Asian Black or African American Native Hawaiian White Multiracial Ethnicity Latino Non -Latino *LA did not assign race to Latinos Los Angeles 31% 40% 29% 37% 63% 0% 0% 44% 0% 0% 56%* 56% 44% Miami New York San Franci 97% 80% 100= 3% 20% 09M 0% 1% " mim 41% 43% 59% 57% 0% 1% 0% 10% 65% 44% 0% 0% 33% 12% 2% 5% 33% 28% 67% 72% 57 0% 56% 32% 3% 1% 9% 15% 85% 26 27 0 Cities for FINANCIAL EMPOWERMENT Fund Porro, William From: I-Hsing Sun <Isun@cfefund.org> Sent: Thursday, March 12, 2015 2:56 PM To: Porro, William Cc: Caitlin Daily Subject: Grant from the Cities for Financial Empowerment Fund Hello Willie, The Cities for Financial Empowerment Fund is very excited to offer the City of Miami a Summer Jobs Connect grant of $446,808 to fund 122 job slots as part of your city's SYEP. In addition, we would like to provide an additional $45,160 towards your city's financial empowerment efforts —specifically to: -improve direct deposit access, monitoring closely the quality of accounts offered -provide multiple one-on-one financial counseling sessions to participants by Financial Empowerment Center counselors -provide incentives to promote participant savings We look forward to working with you as an active member of our Summer Jobs Connect learning community, as build resources for the broader municipal government community to build financial empowerment services into SYEP programming. Warmly, I-Hsing 0 I-HSING SUN Chief Program Officer Cities for Financial Empowerment Fund 130 William Street, Suite 902 New York, NY 10038 P: 646.362.1634 F: 646.590.8743 isun@cfefund.orq www.cfefund.orq 1 0 Cities for FINANCIAL EMPOWERMENT Fund Citi Foundation at! The Citi Foundation and Cities for Financial Empowerment Fund Expand Summer Jobs Connect to New Cities as Part of National Pathways to Progress Initiative $4.6 Million Grant from Citi Foundation to Provide More than 2,000 Low -Income Youth with Job Skills and Financial Training Washington, D.C. and St. Louis join Chicago, Los Angeles, Miami, New York City, and San Francisco WASHINGTON, D.C. —Today, at the President's Advisory Council on Financial Capability for Young Americans meeting hosted at the White House, the Citi Foundation and Cities for Financial Empowerment Fund (CFE Fund) announced that the District of Columbia and St. Louis have been selected to join Summer Jobs Connect, which provides low-income youth with summer work experience, access to financial education and appropriate financial services. Launched in 2014 in Chicago, Los Angeles, Miami, New York City, and San Francisco, Summer Jobs Connect will support more than 2,000 jobs for young people in seven cities over the summer of 2015. Summer Jobs Connect is a key part of the Citi Foundation's Pathways to Progress initiative, a three-year, $50 million commitment to connect low-income youth in the United States with opportunities to develop the workplace skills and leadership experience that are critical to compete in a 215t century economy. Building on the successes of existing Summer Youth Employment Programs (SYEPs), Summer Jobs Connect ensures that youth receive on-the-job training and are also connected to meaningful financial education. Summer jobs, often the first experience youth have with formal employment, serve as a natural opportunity to provide education on managing finances, an important foundation for financial stability. "The Citi Foundation launched Pathways to Progress to ignite the career ambitions of 100,000 young people in the United States, and Summer Jobs Connect is a core component of our efforts," said Citi CEO Michael Corbat. "The economic competitiveness of our cities depends on the professional success of our youth, and we are proud to partner with the Cities for Financial Empowerment Fund and mayors across the country to prepare young people for the future." "Summer employment programs can do more than provide students and young adults with a job —they can start them on the path into the financial mainstream. A paycheck is the 'real world' way to show tomorrow's adults how to manage their money responsibly, and the Citi Foundation's support is making that connection possible in cities across the country through the CFE Fund's Summer Jobs Connect program," said Jonathan Mintz, President and Chief Executive Officer, Cities for Financial Empowerment Fund. "We're delighted to be able to extend existing support to the people of the District of Columbia and the city of St. Louis, and applaud both of their mayor's commitments to this tangible and large-scale financial empowerment opportunity." "Providing young people with the opportunity to realize their dreams is essential to who we are as a country, and it's why President Obama created the President's Advisory Council on Financial Capability for Young Americans," said John Rogers, Jr., Chair of the President's Advisory Council on Financial Capability for Young Americans. "We applaud the Citi Foundation and the Cities for Financial Empowerment Fund for their commitment to investing in the next generation of future leaders, which will benefit our communities and set an important precedent for others to follow." 0 Cities for FINANCIAL EMPOWERMENT Fund Citi Foundation CI tl Summer employment programs are a powerful entry point to a career path. Research shows that early employment is associated with improved career and earnings outcomes later in life, highlighting that employment is a pathway that can begin, and be reinforced, with SYEPs. This is especially important for youth from low- and moderate -income backgrounds, whose employment rates are often lower according to studies. Youth who develop fundamental financial capability skills are more likely to make financially healthy decisions and critically evaluate financial services to build more stable futures for themselves and their families. The announcement also marks the launch of the CFE Fund's report Summer Jobs Connect: More Than a Job: Lessons from the First Year of Enhancing Municipal Summer Youth Employment Programs through Financial Empowerment, which details important lessons from the programs in Chicago, Los Angeles, Miami, New York City, and San Francisco over the 2014 summer. "The importance of introducing young people to summer jobs at an early age cannot be underestimated," said Chicago Mayor Rahm Emanuel. "With the help of this financial support from the Citi Foundation and the CFE Fund, we are helping more Chicago youth stay safe, active and engaged this summer while developing the skills and hands-on training they need for a bright future." "Through this platform, we are changing the scope of opportunities and job skills training available to our city's youth," said Los Angeles Mayor Eric Garcetti. "Support from organizations like the Citi Foundation and the CFE Fund are integral to helping us broaden our financial empowerment programs and reach more young people." "The City of Miami is pleased to work with the Citi Foundation and the CFE Fund on this comprehensive summer youth employment and financial empowerment program," said Miami Mayor Tomas Regalado. "For many young people in our community, this initiative will not only serve as their first summer job, but also provide the financial tools and coaching necessary to start saving for college and the future." "Summer jobs boost school attendance, provide extra pocket money, and steer our young people on a pathway toward career success by teaching them new skills for today's workforce. Our Summer Youth Employment Program also helps keep kids out of trouble by connecting them to safe, productive environments," said New York City Mayor Bill de Blasio. "An investment in our City's youth is an investment in our future, and we are grateful to the Citi Foundation and the CFE Fund for their continued support and strategic partnership with Summer Jobs Connect." "Helping our young people succeed is an investment in San Francisco's success today and in the future," said San Francisco Mayor Ed Lee. "By providing them with job opportunities from internships to apprenticeships to part-time and summer jobs, our youth will learn valuable jobs skills that will help them succeed in college, in their dream careers and in the 215Y Century economy. Summer Jobs Connect, as part of our Summer Jobs+ initiative, will continue to make a difference in the lives of our Bay Area youth, and we thank the Citi Foundation and the CFE Fund for their partnership." "We are happy to join the Citi Foundation and the CFE Fund on Summer Jobs Connect, which will offer more of our young people the opportunity to work in the St. Louis area this summer," said St. Louis Mayor Francis Slay. "More than 2,500 youth will develop skills they can take far into the future. Thanks to Citi, our youth will not only learn valuable soft skills during their summer work experience, but will also learn how to manage the money they earn." 0 Cities for FINANCIAL EMPOWERMENT Fund Citi Foundation at! "Summer employment is critical in our efforts to engage District youth, particularly boys and men of color, and provide them with the tools necessary to succeed throughout their lives," said Washington, D.C. Mayor Muriel Bowser. "Today, we thank the Citi Foundation and the CFE Fund for helping us further expand these opportunities in the District of Columbia and supporting the next generation's workforce." ### About the Cities for Financial Empowerment Fund (CFE Fund) The CFE Fund supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting edge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. For more information, please visit www.cfefund.org or follow us on Twitter at @CFEFund. About the Citi Foundation The Citi Foundation works to promote economic progress and improve the lives of people in low-income communities around the world. We invest in efforts that increase financial inclusion, catalyze job opportunities for youth, and reimagine approaches to building economically vibrant cities. The Citi Foundation's "More than Philanthropy" approach leverages the enormous expertise of Citi and its people to fulfill our mission and drive thought leadership and innovation. For more information, visit www.citifoundation.com. Media Contact: Farah Kurji (CFE Fund) (212) 885-0461 farah.kurii@hkstrategies.com Kamran Mumtaz (Citi) (212) 793-7682 kamran.mumtaz@citi.com 0 Cities for FINANCIAL EMPOWERMENT Fund GRANT AGREEMENT This Grant Agreement (the "Agreement"), dated as of February 6, 2015. is by and between the Cities for Financial Empowerment Fund, Inc. (the "CFE Fund"), a Delaware non -stock, non- profit corporation, and the City of Miami, a Florida municipal corporation. whose principal address is 1500 Pan American Drive, Miami. Florida 33133. acting through its City Manager (the "Grantee"). WHEREAS, the CFE Fund works to support municipal engagement to improve the financial stability of low and moderate income households by embedding financial empowerment strategies into local government infrastructure (the "Purposes"). WHEREAS, the CFE Fund has determined that the support of the Grantee in the work contemplated by this Agreement furthers the exempt purposes of the CFE Fund. WHEREAS, the Grantee has agreed to use the funds provided by this Agreement (the "Grant") to support the Purposes by managing the implementation and operation of the activities set forth in Exhibit A (the "Request for Proposal") and Exhibit B (the "Scone of Work") (collectively, the "Program"). WHEREAS, the CFE Fund and the Grantee desire to enter into this Agreement to provide for the terms and conditions of the Grant and the Program. NOW, THEREFORE, the CFE Fund and the Grantee agree as follows: 1. Grant. The CFE Fund pledges and agrees to provide the Grantee a Grant in the form of cash or cash equivalents in an amount not to exceed [DOLLARS ($NUMBERS)]. Grant funds will be paid in U.S. Dollars. The CFE Fund shall award the Grant [on [Dateji no later than [ I )ATI II h wire tran s ler. (a) [AMOUNT (SX)] Bank: [BANK NAME] ABA#: [ABA #] A/C#: [ACCOUNT NUMBER] Ref: [FISCAL CONDUIT 11 Attn: n 130 William Street Suite 920 I NewYork, NY 10038 I www.defundorg 2. Use of Grant. The Grant is to be used only for the purposes outlined in the Request for Proposal and in accordance with the specific allocations identified in the Grant budget included in Exhibit C attached and incorporated (the "Grantee Budget"). The work detailed in the Request for Proposal should be executed in accordance with Exhibit B - Scope of Work. The Grantee must obtain the prior written consent of the CFE Fund before engaging in any work that is beyond the Scope of Work and the failure to obtain such consent shall invalidate any obligation of the CFE Fund to pay any invoices for such work. 3. Administration of Grant. (a) Pursuant to a Fiscal Sponsorship Agreement, dated as of July 1, 2013 (the "Fiscal Sponsorship Agreement"), Living Cities, Inc.: The National Community Development Initiative ("Living Cities"), a Delaware corporation qualified as exempt from federal income tax under section 501(c)(3) of the Internal Revenue Code of 1986, as amended (the "Code"), acts as the fiscal sponsor to the CFE Fund. Living Cities hereby confirms that the CFE Fund is its agent for the administration of this Agreement such that the Grantee may rely upon the direction and instruction from the CFE Fund. (b) In the event that, prior to the expiration of the Grant term, either (i) the CFE Fund chooses to grant funds as a separately organized non-profit that is exempt from federal income tax under section 501(c)(3) of the Code, and that is a publicly supported organization described in section 509(a) of the Code or (ii) the CFE Fund engages a different fiscal sponsor that is exempt from federal income tax under section SO1(c)(3) of the Code and that is a publicly supported organization described in section 509(a) of the Code (either, a "Successor CFE Fund"), then, at such time, the Fiscal. Sponsorship Agreement with Living Cities shall terminate and the Successor CFE Fund will become the principal of this Agreement. 4. Term. (a) This is a one-year Grant. The Grant term will begin on [DATE] and end on [DATE]. Any funds not used by the end of the Grant term toward the purposes of this Grant will be returned to the CFE Fund within thirty (30) days after the end of the Grant term. (b) This Agreement may be terminated at any time prior to its scheduled termination as set forth above: (i) By either the CFE Fund or the Grantee without cause by giving the other party sixty (60) days' prior written notice; (ii) Immediately by a non -breaching party following a material breach of this Agreement by the other party and the expiration of a ten (10) day "cure" 2 (e) period after the non -breaching party shall have given notice to the breaching party of such breach; or; (iii) Immediately by the CFE Fund when its objectives can no longer be advanced through the relationship set forth in this Agreement including, without limitation, by the Grantee's administration, if applicable, of any Vendor Contract (as defined below). 5. Vendor(s). (a) The CFE Fund hereby appoints the Grantee as its sole and exclusive agent with respect to any community -based 50I(c)(3) organizations (each a "Vendor"), if any, engaged by the Grantee to support the implementation of the Program. Each Vendor may rely upon the direction and instruction of the Grantee. (b) If the Grantee determines to use any Vendor(s) for the implementation of the Program, then the Grantee shall consult with the CFE Fund in advance of the selection of any Vendor and agrees that any selection without the CFE Fund's prior written consent (not to be unreasonably withheld, conditioned or delayed) shall be an act of default under this Agreement and may result in a requirement for the Grantee to return of part or all of the Grant funds to the CFE Fund as determined by the CFE Fund in its sole and absolute discretion. (c) If the Grantee determines to use any Vendor(s) for the Program, then the Grantee shall administer all aspects of each contract entered into with any Vendor for purposes of this Agreement (the "Vendor Contracts"), including, without limitation, payment of Vendor(s)' invoices, managing and overseeing the performance of each Vendor under the Vendor Contracts and monitoring such Vendor's adherence to its duties, obligations and responsibilities thereunder. The Grantee shall promptly notify the CFE Fund of any material breach by a Vendor of its duties, obligations and responsibilities under the Vendor Agreements. (d) If the Grantee determines to use any Vendor(s) for the Program, then the Grantee shall review each invoice submitted by a Vendor for the performance of services in light of the Purposes as expressed in the Request for Proposal and Scope of Work and pursuant to the Vendor Contracts, inclusive of supporting documentation, to ensure funds support youth workforce opportunities or financial empowerment opportunities, and shall promptly furnish the CFE. Fund with copies of vendor invoices or other such proof of services provided pursuant to this contract. No invoice from the Grantee will be paid without proof of services directly relevant to the purposes of this grant. If the Grantee determines to use any Vendor(s) for the Program, then the Grantee shall designate appropriate stab' to fulfill its responsibilities as the CFE Fund's agent for the Vendor Contracts and to aet as liaison with the CFE Fund. The Grantee has designated William Porro as its Staff Liaison with the CFE Fund. 3 (f) For a period of three (3) years and a day following the expiration of the Grant term, the Grantee shall keep and maintain accurate books, records and accounting documentation, if the Grantee determines to use any Vendor(s) for the Program, of each Vendor's performance under the Vendor Contracts and shall make such records available for inspection by the CFE Fund and/or its auditors upon prior reasonable notice to such effect. (g) Notwithstanding anything to the contrary herein set forth, the Grantee shall notify the CFE Fund if they plan to amend, modify, rescind or terminate any of the Vendor Contracts if the Grantee determines to use any Vendor(s) for the Program. (h) To the extent available if the Grantee determines to use any Vendor(s) for the Program, the Grantee shall provide the list of Vendor(s) and Vendor Contracts on Exhibit I). attached and incorporated ("Vendor(s) and Vendor Contracts") and update as necessary. 6. Conditions of Disbursement of Grant. Grantee shall be eligible to receive funds upon the fulfillment of the following condition: (a) Receipt by the CFE Fund a countersigned copy of this Agreement, which includes Scope of Work and Grantee Budget. Disbursements of the Grant shall be subject to the fulfillment of the following conditions, and shall be issued upon CFE Fund receipt of Grantee invoices: (a) Timely receipt of all Grantee reports. (b) Satisfactory performance of this Agreement in accordance with the Scope of Work. Grant payout schedule: Ninety percent (90%) of funds will be available for payment upon execution of the contract and receipt of invoice, five percent (5%) of funds will be available upon receipt of interim report and invoice, and final five percent (5%) of funds will be available upon receipt of final report and invoice.. 7. Payment of Grant. Subject to the fulfillment of the conditions set forth in Section 6: (a) The CFE Fund agrees to pay each invoice submitted by the Grantee, and upon approval by the CFE Fund, for a total amount not to exceed the Grantee Budget (Exhibit C). The amounts set forth in this Section includes all labor, overhead, profit and expenses (such as out-of-pocket, general, administrative, travel and per diem expenses). 4 (b) Payments shall be made to each Grantee within forty-five (45) days after CFE Fund receives and verifies that Grantee successfully met conditions of grant disbursements listed above. (c) The CFE Fund may increase the Scope of Work and corresponding outcome requirements and make concomitant payment adjustments as funds become available to expand services. Any increase in the Scope of Work and subsequent outcome goals would be made in consultation with the Grantee and the Vendor(s), if the Grantee determines to use any Vendor(s) for the Program. (d) Services provided by the Vendor, if the Grantee determines to use any Vendor(s) for the Program, to clients beyond the Grant term shall not be within the Scope of Work under this Agreement and shall not be included in the Grant. 8. Covenants. During the term of this Grant, the Grantee is expected to adhere to the terms and conditions below and outlined in Exhibit 13, Scope of Work, and Exhibit II. Grantee Proposal, and to account for the adherence of any Vendor(s), if the Grantee determines to use any Vendor(s) for the Program, under this agreement. Failure to adhere to these conditions will constitute an act of default and result in the return of part or all of the Grant funds to the CFE Fund and the termination of any obligation of the CFE Fund to pay subsequent invoices submitted after such default. In such a case, the CFE Fund will determine in its sole and absolute discretion the percentage of the Grant to be returned. Cessation or reclamation of Grant funding by the CFE Fund may also result in the Grantee's elimination from consideration for investment from the CFE Fund in any other form. In the event that the CFE Fund terminates the Grant as provided herein, the Grantee shall return Grant funds to the CFE Fund within the time period specified by the CFE Fund upon termination. During the Grant term and beyond as applicable, the Grantee and, if the Grantee determines to use any Vendor(s) for the Program, its Vendor(s) under this Agreement agree to: (a) Coordinate the overall implementation of the program. The Grantee will oversee and direct the work of all partner organizations with respect to the Scope of Work and Proposal, including its nonprofit, referral, integration and training partners. In particular, if the Grantee determines to use any Vendor(s) for the Program, the Grantee will monitor and manage the Vendor(s) to ensure proper implementation in conformance with the Scope of Work and ongoing model fidelity and will serve as the main point of contact with the CFE Fund. If the Grantee determines to use any Vendor(s) for the Program, then the Grantee and its Vendor(s) will draft and sign an agreement that will memorialize this understanding. (b) Adhere to the uses of the Grant detailed in the Request for Proposal. 5 (i) This Grant is made only for the purposes of implementing the Scope of Work pursuant to the Request for Proposal and this Agreement. Any Grant funds not expended or committed for these purposes within the Grant term will be returned to the CFE Fund. Any prospective changes in the use of this Grant totaling over five (5%) percent of the total Grant amount or over twenty-five (25%) percent of any individual budget line must be submitted in writing to and approved by the CFE. Fund. (ii) In addition, the Grantee is expected to meet the milestones and outcomes stated in the proposal and in the Scope of Work within the specified timeframe and in accordance with the Grantee Budget. If the Grantee determines to use any Vendor(s) for the Program, then the Grantee is also responsible for ensuring that its Vendor(s) achieves the milestones and outcomes stated in its proposal. Any material changes in the Grantee's or, if applicable, its Vendor's milestones, outcomes or timeframe should be reported to the CFE Fund at the earliest reasonable opportunity. The CFE Fund will decide in its sole and absolute discretion whether any delays in meeting milestones, outcomes constitute a violation of this covenant, and thus an event of default. (iii) The Grantee will provide immediate written notification to the CFE Fund if significant changes or events occur during the term of the Grant which could potentially impact the progress or outcome of the Grant, including, without limitation, changes in the Grantee's or, if applicable, Vendor(s)' management personnel, loss of funding or other extenuating circumstances which could affect the Grantee Budget or, if applicable, Vendor(s)' budgets. The CFE Fund, in its sole and absolute discretion, will determine if requests for budget modifications are warranted. (c) If the Grantee determines to use any Vendor(s) for the Program, then to confirm the tax-exempt status of each Vendor at the time of each payment, and ensure that that each Vendor is maintaining all authorizations, filings, exemptions, etc. required of a Vendor to perform its duties within and outside this Agreement. The Grantee also agrees to immediately provide any correspondence from the Internal Revenue Service or other related agencies regarding the above. (d) Cooperate in the monitoring, evaluation and reporting of work, as detailed in Exhibit B, Scope of Work. (e) Adhere to the CFE Fund financial compliance stipulations. (i) The Grantee will maintain financial records to clearly account for the Grant funds from the CFE Fund and proper expenditures in furtherance of the Grant. The Grantee shall retain and maintain adequate records to substantiate such expenditures according to generally accepted accounting practices. The Grantee shall retain original substantiating documents 6 related to the specific Grant expenditures and make these records available to the CFE Fund upon request. (ii) The CFE Fund reserves the right to audit the Grantee's financial and other records to ensure the proper utilization of its Grant funds. During and at least three (3) years following the end of the Grant term, the Grantee will be expected to maintain records showing, separately from other accounts kept in its books and records, the receipt and expenditure of the CFE Fund Grant funds. (f) Adhere to the CFE Fund's marketing and communications guidelines. (i) The Grantee agrees to adhere to the marketing and communication guidelines of both the Citi Foundation and the CFE Fund (as it may be amended, modified, supplemented or otherwise revised), as applicable. The current form of the marketing and communication guidelines of the Citi Foundation are attached hereto as Exhibit G. (ii) The Grantee agrees to acknowledge the CFE Fund in all Program Grant - related materials and events including but not limited to websites, newsletters, media releases, public announcements, event invitations and programs. The CFE Fund will provide specific communication protocols including language for recognizing the CFE Fund in text and logo format. Grantee also shall provide to the CFE Fund final copies of all printed materials as part of the semi-annual progress reports for the Program. (iii) Any Program Grant -related media interviews or public announcements intended for media or public purposes must be coordinated with and approved by the CFE Fund in advance. (iv) The Grantee and, if applicable, its Vendor(s) may not publicly announce the receipt of this Grant or its details until the CFE Fund and its institutional investors have made their official announcement. Prior to the official announcement, the Grantee should consult with the CFE Fund to develop language that may be used for the purposes of recruitment and other administrative purposes. (v) Execution of this Grant agreement provides the CFE Fund and its institutional investors the right to disseminate any products, outcomes, or other information related to the Grantee's efforts regarding the Program in any media of its choosing. Whenever feasible, the CFE Fund will share these materials with the Grantee prior to publication and give appropriate credit to the Grantee as the provider of this information. The Grantee and, if applicable, its Vendor(s) will be expected to cooperate in any public education or outreach effort undertaken in connection with this Grant, which may include other CFE Fund programs. 7 (g) Adhere to the following prohibitions on the use of the Grant. Under no circumstances the Grantee or any other organization receiving the CFE Fund's Grant funds use these funds directly or indirectly for the following purposes or activities: (i) Make a Grant to an individual for travel, study or other similar purpose, as described in section 4945(d)(3) of the Code. (ii) Promote or engage in violence, terrorism, bigotry, or the destruction of any state, nor will it make sub -Grants to any entity that engages in these activities. (iii) Influence legislation, especially for the benefit of the CFE Fund or any of its affiliates or funders, including by publishing or distributing any statements, or any campaign in support of or opposition to any pending legislation. (iv) Any other purposes outside what is stated in the Request for Proposal without express written permission from the CFE Fund. 9. Insurance (a) Agreement to Insure. (i) Unless determined inapplicable and/or unnecessary as evidenced in prior written approval obtained from the CFE. Fund and the Grantee, if the Grantee determines to use any Vendor(s) for the Program, then the Grantee shall ensure that any Vendor shall not commence performing services under this Agreement unless and until all insurance required by this Section is in effect, and shall ensure continuous insurance coverage in the manner, form, and limits required by this Section throughout the term of the Agreement. (ii)Grantee's Self -Insurance Letter addressed to the CFE Fund is attached and incorporated as Exhibit F to this Agreement. (b) Commercial General Liability Insurance. (i) The Grantee shall ensure that the Vendor shall maintain Commercial General Liability Insurance covering the Vendor as the named insured and the CFE Fund and the Grantee as additional insureds in the amount of at least. One Million Dollars ($1,000,000) per occurrence. Such insurance shall protect the CFE Fund, the Grantee and the Vendor fi to claims for property damage and/or bodily injury, including death that may arise from any of the operations under this Agreement. The Commercial General Liability Insurance should also provide the CFE Fund, the Grantee and the 8 Vendor with coverage against abuse or molestation claims that may arise from any of the operations under this Agreement. Coverage under this insurance shall be at least as broad as that provided by the most recently issued Insurance Services Office ("ISO") Form CG 0001 and must be "occurrence" based rather than "claims -made." (ii) Such Commercial General Liability Insurance shall name the CFE Fund and the Grantee, together with their officials and employees, as additional insureds with coverage at least as broad as the most recently issued ISO Form CG 20 10. (iii) The Grantee shall ensure that the Vendor and each sub -Vendor, to the extent applicable, adds the CFE Fund and the Grantee, together with their officials and employees, as additional insureds under all Commercial General Liability Insurance policies obtained by a sub -Vendor covering work performed by such sub -Vendor under this Agreement with coverage at least as broad as the most recently issued ISO Form CG 20 26. (c) Professional Liability Insurance. (i) The Grantee shall ensure that if the Vendor provides professional services pursuant to this Agreement for which professional liability insurance is reasonably commercially available, the Vendor shall maintain and submit evidence of Professional Liability Insurance appropriate to the type(s) of such services to be provided under this Agreement in the amount of at least One Million Dollars ($1,000,000) per claim. The policy or policies shall include an endorsement to cover the liability assumed by the Vendor under this Agreement arising out of the negligent performance of professional services or caused by an error, omission or negligent act of the Vendor or anyone employed by the Vendor. (ii) The Grantee shall ensure that all sub -Vendors of the Vendor providing professional services under this Agreement for which Professional Liability Insurance is reasonably commercially available shall also maintain such insurance in the amount of at least One Million Dollars ($1,000,000) per claim, and the Vendor shall provide to the Grantee, at the time of the request for sub -Vendor approval, evidence of such Professional Liability Insurance on forms acceptable to the CFE Fund and the Grantee. (iii) Claims -made policies will be accepted for Professional Liability Insurance. All such policies shall have an extended reporting period option or automatic coverage of not less than two (2) years. If available as an option, the Grantee shall ensure that the Vendor shall purchase extended reporting period coverage effective on cancellation or termination of such insurance unless a new policy is secured with a retroactive date, including at least the last policy year. 9 (d) Workers' Compensation, Disability Benefits, and Employer's Liability Insurance. The Grantee shall ensure that the Vendor shall maintain, and ensure that each sub - Vendor maintains, Workers' Compensation Insurance, Disability Benefits Insurance, and Employer's Liability Insurance in accordance with the laws of the State of Izterrital on behalf of, or with regard to, all employees providing services under this Agreement; provided, that the requirements in this clause may be waived if determined inapplicable and/or unnecessary as evidenced in prior written approval obtained from the CFE Fund and the Grantee. (e) Unemployment Insurance. To the extent required by law, the Grantee shall ensure that the Vendor shall provide Unemployment Insurance for its employees. (f) Business Automobile Liability Insurance. (i) If vehicles are used in the provision of services under this Agreement, then the Grantee shall ensure that the Vendor shall maintain Business Automobile Liability insurance in the amount of at least One Million Dollars ($1,000,000) each accident combined single limit for liability arising out of ownership, maintenance or use of any owned, non -owned, or hired vehicles to be used in connection with this Agreement. Coverage shall be at least as broad as ISO Form CA0001, ed. 10/01. (ii) If vehicles are used for transporting hazardous materials, the Business Automobile Liability Insurance shall be endorsed to provide pollution liability broadened coverage for covered vehicles (endorsement CA 99 48) as well as proof of MCS-90. (g) General Requirements for Insurance Coverage and Policies. (i) All required insurance policies shall be maintained with companies that may lawfully issue the required policy and have an A.M. Best rating of at least A-VII or a Standard and Poor's rating of at least A, unless prior written approval is obtained from the CFE Fund and the Grantee. (ii) All insurance policies shall be primary (and non-contributing) to any insurance or self-insurance maintained by the CFE Fund or the Grantee. (iii) The Vendor shall be solely responsible for the payment of all premiums for all required insurance policies and all deductibles or self -insured retentions to which such policies are subject, whether or not the CFE Fund and the Grantee are insureds under the policy. (iv) There shall be no self-insurance program with regard to any insurance required under this Section unless approved in writing by the CFE Fund and the Grantee. Any such self-insurance program shall provide the CFE 10 Fund and the Grantee with all rights that would be provided by traditional insurance required under this Section, including but not limited to the defense obligations that insurers are required to undertake in liability policies. (v) The limits of coverage for all types of insurance required under this Section shall be the greater of (i) the minimum limits set forth in this Section or (ii) the limits provided to the Vendor as named insured under all primary, excess and umbrella policies of that type of coverage. (vi) All insurance policies required pursuant to subsections (b) and (c) above shall contain an endorsement substantially in the form as follows: "This policy may not be cancelled, terminated, modified or changed for any reason other than non-payment unless thirty (30) days prior written notice is sent by the insurance company to the named insured, the CFE Fund, and to Grantee. For non-payment, at least ten (10) days written notice must be provided." (h) Proof of Insurance. (i) For Workers' Compensation Insurance, Disability Benefits Insurance, and Employer's Liability Insurance, the Grantee shall ensure that the Vendor shall file one of the following within ten (10) days of execution of this Agreement. ACORD forms are not acceptable proof of workers' compensation coverage: (1) C-105.2 Certificate of Workers' Compensation Insurance; (2) U-26.3 -- State Insurance Fund Certificate of Workers' Compensation Insurance; (3) Request for WC/DB Exemption (Form CE,-200); (4) Equivalent or successor forms used by the New York State Workers' Compensation Board; or (5) Other proof of insurance in a form acceptable to the CFE Fund and the Grantee. (ii) For each policy required under this Agreement, except for Workers' Compensation Insurance, Disability Benefits Insurance, Employer's Liability Insurance, and Unemployment Insurance, the Vendor shall file a Certificate of Insurance with the Grantee within ten (10) days of execution of this Agreement. All Certificates of Insurance shall be in a form acceptable to the CFE Fund and the Grantee and certify the issuance and effectiveness of such policies of insurance, each with the specified minimum limits and evidence of the compliance with the Additional 11 Insured provisions of this Section, if applicable. All Certificate(s) of Insurance shall be accompanied by either a duly executed "Certification by Broker" in the form attached to this Agreement or copies of all policies referenced in the Certificate of Insurance. If complete policies have not yet been issued, binders are acceptable, until such time as the complete policies have been issued, at which time such policies shall be submitted. (iii) Certificates of Insurance confirming renewals of insurance shall be submitted to the Grantee prior to the expiration date of coverage of policies required under this Section. Such Certificates of Insurance shall comply with the requirements of subsections (h)(i) and (h)(ii) above, as applicable. (iv) The Vendor shall provide the CFE Fund and the Grantee with a copy of any policy required under this Section upon the demand for such policy by the CFE Fund or the Grantee. (v) Acceptance by the CFE Fund and the Grantee of a certificate or a policy does not excuse the Vendor from maintaining policies consistent with all provisions of this Section (and ensuring that sub -Vendors maintain such policies) or from any liability arising from its failure to do so. (i) Miscellaneous. (i) Where notice of loss, damage, occurrence, accident, claim or suit is required under a policy maintained in accordance with this Section, the Grantee shall ensure that the Vendor shall notify in writing all insurance carriers that issued potentially responsive policies of any such event relating to any operations under this Agreement (including notice to Commercial General Liability Insurance carriers for events relating to the Vendor's own employees) no later than twenty (20) days after such event. Such notice shall be in substantially the following form and specify that "this notice is being given on behalf of the CFE Fund and the Grantee as additional insureds as well as the named insured." Such notice shall also contain the following information: the number of the insurance policy, the name of the named insured, the date and location of the damage, occurrence, or accident, and the identity of the persons or things injured, damaged or lost. The Vendor shall simultaneously send a copy of such notice to the CFE Fund and to the Grantee. (ii) The Vendor's failure to maintain any of the insurance required by this Section shall constitute a material breach of this Agreement. Such breach shall not be waived or otherwise excused by any action or inaction by the CFE Fund or the Grantee at any time. The Grantee shall be responsible for notifying the CFE Fund of any such failure by the Vendor to maintain any of the insurance required by this Section. Upon such notification, the 12 CFE Fund and the Grantee shall have no further obligation to honor any invoice submitted by such Vendor. (iii) Insurance coverage in the minimum amounts required in this Section shall not relieve the Vendor or its sub -Vendors of any liability under this Agreement, nor shall it preclude the CFE Fund nor the Grantee from exercising any rights or taking such other actions as are available, respectively, to each of them under any other provisions of this Agreement or law. (iv) The Vendor waives all rights against the CFE Fund and the Grantee, including their respective officials and employees for any damages or losses that are covered under any insurance required under this Section (whether or not such insurance is actually procured or claims are paid thereunder) or any other insurance applicable to the operations of the Vendor and/or its sub -Vendors in the performance of this Agreement. 10. Indemnification and Sovereign Immunity. The parties acknowledge that as a Florida municipal corporation, Grantee is subject to the sovereign immunity provisions of Florida Laws, consistent with those immunities. (a) Regarding the program and the grant, The CFE Fund shall indemnify, defend and hold harmless the Grantee, including Grantee staff, and its officers, employees and agents, from any and all claims, demands, costs, judgments or liabilities to which they may be subject because of any acts or omissions of the CFE Fund, its officers, directors or trustees, employees, agents, representatives, Vendors or sub - Vendors, or because of any negligence or fault of the CFE Fund, its officers, directors or trustees, employees, agents, representatives, Vendors or sub -Vendors. This obligation shall survive and continue beyond any termination or expiration of this Agreement. (b) Regarding the program and the grant, the Grantee shall indemnify, defend and hold harmless the CFE Fund, including its staff, and its officers, directors or trustees, employees and agents, from any and all claims, demands, costs, judgments or liabilities to which they may be subject because of any acts or omissions of the Grantee, its employees, agents, representatives, Vendors or sub - Vendors, or because of any negligence or fault of the Grantee, its employees, agents, representatives, Vendors and sub -Vendors. This obligation shall survive and continue beyond any termination or expiration of this Agreement. (c) Regarding the program and the grant, and in accordance with the City's self- insurance program regarding the City, each of the parties hereto shall take all steps necessary to ensure that its staff, officers or trustees, employees, agents, representatives, Vendors and sub -Vendors are covered under all insurance policies necessary to effectuate the provisions of this Section. 13 11. Confidentiality and Public Records. To the extent of any specific exemptions from disclosures under the Florida Public Records Laws, all reports, information or data furnished to or to be prepared or assembled under this Agreement or any Vendor Contract are to be held confidential, unless otherwise herein provided or subject to disclosure by law. The parties acknowledge that this Agreement is considered a public contract pursuant to Florida Statutes Section 119. 12. Non -Assignability. The Grantee shall not assign, transfer, subcontract, convey or otherwise dispose of this Agreement or of its rights, obligations, responsibilities or duties hereunder or under any Vendor Contract, either in whole or in part, without the prior written consent of the CFE Fund. 13. Compliance with Anti -Discrimination Rules. In its use of Grant funds provided by the CFE Fund, and in the course of all development, marketing and operation activities, the Grantee shall fully comply and shall require any Vendor, if the Grantee determines to use any Vendor(s) for the Program, with all applicable federal, state, local (and any other governmental), anti -discrimination laws, executive orders, rules and regulations. 14. Severability of Provisions. Each provision of this Agreement shall be considered severable and if for any reason any provision or provisions herein are determined to be invalid, unenforceable or illegal under any existing or future law, such invalidity, unenforceability or illegality shall not impair the operation of or affect those portions of this Agreement which are valid, enforceable and legal. 15. Entire Agreement. This Agreement contains the entire understanding between the parties hereto with respect to the subject matter of this Agreement and replaces and supersedes all prior agreements and understandings of the parties. This Agreement may be amended or modified only by a writing executed by the parties hereto. 16. Binding Agreement. Notwithstanding any other provision of this Agreement, the parties agree that this Agreement constitutes a legal, valid and binding agreement of each party, and is enforceable against each party in accordance with its terms. 17. Governing Law. 14 AS A FLORIDA MUNICIPAL CORPORATION, GRANTEE IS BOUND BY THE STATE OF FLORIDA. AS A DELAWARE NON -STOCK, NON-PROFIT CORPORATION, CFE FUND IS BOUND BY THE LAWS OF THE STATE OF DELAWARE. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH TIIE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO THE CONFLICT OF LAWS PROVISIONS THEREOF. 18. Amendment. The CFE Fund shall consider, but is not obligated to agree to, requests by the Grantee to amend the terms of this Agreement. Amendments to this Agreement shall be made only after (i) the CFE Fund has received written request from the Grantee stating the nature of the amendment request, and (ii) the CFE Fund has executed a written agreement describing the terms of the amendment. 19. Counterparts. This Agreement may be executed in any number of counterparts, including by facsimile or other electronic means of communication, each of which shall be deemed an original of this Agreement and all of which together shall constitute one and the same instrument. 20. Notices. Any notices required to be delivered hereunder shall be in writing and personally delivered, mailed or sent by electronic mail, telefacsimile or other similar form of rapid transmission, and shall be deemed to have been duly given upon receipt (a) at the respective patty's address listed on Exhibit F. Notices or (h) at such other address as may be designated by written notice to the other party. 15 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to he duly executed by their respective officers as of the day and year first above written. CITIES FOR FINANCIAL. EMPOWERMENT FUND, INC. By: Name: Jonathan Mintz Title: President and Chief Executive Officer CITY OF MIAMI, A FLORIDA MUNICIPAL CORPORATION By: Name: Daniel J. Alfonso Title: City Manager GRANT AGREEMENT ACKNOWLEDGED AND AGREED BY: LIVING CITIES, INC.: THE NATIONAL COMMUNITY DEVELOPMENT INITIATIVE, in its capacity as Fiscal Sponsor to the Cities for Financial Empowerment Fund, Inc. By: Name: Title: GRANT AGREEMENT If the Grantee determines to use any Vendor(s) for the Program. then: ACKNOWLEDGED AND AGREED BY: [VENDOR] By: Name: Title: [VENDOR] By: Name: Title: Exhibit A Request for Proposal (To Be Attached) EXHIBIT A 0 Cities for FINANCIAL EMPOWERMENT Fund summer jobs connect REQUEST FOR PROPOSALS -Miami: Summer Jobs Connect 2015 Contents Proposal Invitation, Schedule, Process and Contact 2 Background 3 Scope of Work J Deliverables 4 Summer Youth Employment Job Slots 4 Banking Access 4 Financial Empowerment Innovation Fund 5 Evaluation 5 Learning Community 6 Site Visits 6 Media, Public Relations and Volunteerism 6 Interim and Final Reports 7 Grant Terms 7 Application Format 8 Cover Sheet 8 SYEP and Banking Access Questions 8 Financial Empowerment Innovation Fund Proposals 9 Budget 10 Listing of Exhibits 10 1 Proposal Invitation, Schedule, Process and Contact The City of Miami is invited to apply for $450,000 of grant funds from the CFE Fund to support: 1) at least 122 job opportunities for youth who participate in your city's Summer Youth Employment Program (SYEP) and 2) access to safe and affordable banking products and direct deposit of payroll. The City of Miami is also invited to apply to the Summer lobs Connect Financial Empowerment Innovation Fund for additional funding to support wide - scale implementation of innovative, targeted financial education programing that has the capacity to be scaled across the full SYEP. Upon review, CFE Fund may propose scaling - back the proposed program, or suggest that the city leverage local match contributions for winning proposals that nevertheless exceed available funds. The following sections provide more detail on the expected scope of work, outcomes and deliverables. The CFE Fund is available to assist in your development of this proposal. RFP Release Date: Proposal Submission Deadline: Awards Announced: Program Start Date: Interim Report Submission Deadline: Final Report Submission Deadline: January 12th, 2015 Tuesday, February 3rd, 3pm ET Late February Spring Thursday, August 20th, 3pm ET Thursday, October 29th, 3pm ET Applications must be submitted electronically (via email) to isun@cfefund.org and should be submitted as a single PDF document, including a budget proposal in Excel format. Point of contact: I-Hsing Sun Chief Program Officer (646) 362-1634 isun@cfefund.org 2 Background With a generous investment from Citi Foundation, the CFE Fund is launching the second year of Summer Jobs Connect (SJC), a multi -city program working to develop a national model for using municipal SYEPs as a vehicle for financial empowerment services and programs for young adults (14-24 years old) from low- to moderate -income (LMI) families. In addition to directly funding job slots for summer employment, the goal of the program is to leverage the employment opportunity to expose participants to positive financial management experiences, including both using safe and appropriate banking products and benefitting from meaningful financial education. The Cities for Financial Empowerment Fund supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting -edge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. The CFE Fund's definition of financial empowerment encompasses: • Professional financial counseling and education • Access to safe and affordable mainstream banking products and services • Short- and long-term asset building • Consumer protection in the financial services marketplace The Citi Foundation works to promote economic progress in communities around the world and focuses on initiatives that expand financial inclusion. Citi Foundation collaborates with best -in -class partners to create measurable economic improvements that strengthen low-income families and communities. Through a "More than Philanthropy" approach, Citi's business resources and human capital enhance their philanthropic investments and impact. Summer Jobs Connect (SJC) is a key part of CFE Fund's national banking access initiative, Bank On 2.0. In addition to providing funding support, CFE Fund will: • Connect grantee cities to resources and partnerships • Develop strategies and solutions for access to banking • Develop standards for SYEP and account enrollment systems • Manage the SJC Learning Community • Provide other technical assistance to grantee cities individually 3 Scope of Work / Deliverables The City of Miami will be responsible for: • Identifying and track at least 122 jobs slots funded under this initiative within their operating SYEP or other approved youth employment program. • Working closely with financial institution partners to make at least one safe/affordable financial product available to the vast majority of all SYEP participants. Design SYEP program touch points to integrate account enrollment and direct deposit of payroll. • Applying to Financial Empowerment Innovation Fund with proposal to implement targeted financial education opportunities and methods that use income and payroll as a teachable starting point to encourage the use of safe and affordable bank or credit union products and sound financial behavior, such as regular savings and responsible spending. Program should have the potential to be scaled to whole SYEP. Ensure that the majority of SYEP participants engage in the financial education opportunities this year —in particular those participants in the SJC funded job slots. • Actively participating in the CFE Fund's evaluation and learning community efforts. • Facilitating and participating in the CFE Fund's site visit during the summer. • Supporting CFE Fund and Citi Foundation communications efforts promoting the SJC initiative. • Preparing and submitting timely reports and invoices. Summer Youth Employment Job Slots The City of Miami will use the funding from this grant to provide at least 122 SYEP job slots to low - and moderate -income youth. The CFE Fund will provide $450,000 to support these job opportunities, which includes both wages and program administration costs. Job opportunities funded by this grant are to provide youth real -world work experience where they learn workplace behaviors and contribute to the productivity of the organization by which they are employed. Educational opportunities, while encouraged, should not be the primary focus of such job opportunities. The City of Miami must identify, track, and report on youth occupying the jobs slots funded by CFE Fund. Job slot funding may only be used to pay youth (salary and benefits) and administer the workforce program. Banking Access The City of Miami is expected to implement access to accounts or payroll card services from financial institutions to the vast majority of the city's SYEP participants (including for those youth working in job slots funded outside the scope of this proposal). This requires working closely with financial sector partners to make available at least one safe/affordable financial product and designing SYEP program touch points to integrate account enrollment and direct deposit of payroll. The program should incorporate behavioral techniques to suggest that the vast majority of youth in SYEP direct deposit their pay into safe and affordable accounts. 4 Financial Empowerment Innovation Fund In addition to the banking access programs described above, the City of Miami is invited to request additional funding for an innovative, targeted financial empowerment program that can be implemented widely across the full SYEP. The financial education component will be required to address at least one of the following: • Savings o Split direct deposit into multiple accounts to automate savings o Meet savings goal o Maintain savings beyond the summer (e.g. 3 months beyond) • Spending/Budgeting o Create a spending plan o Stick to spending plan o Reduce haphazard expenses a Calculate the cost of check -cashing services o Cease going to check cashiers The City must set specific outcome targets as listed in the Application Format section of this RFP and describe a clear design that demonstrates how program activities are intended to generate outcomes. The design must also clarify how outcomes will be measured and how the data will be collected and reported. The SJC Financial Empowerment Innovation Fund is competitive and limited, and thus will be awarded to participant cities based on the quality of the proposed idea, projected outcome attainment relative to associated cost, feasibility of data collection/research design, and potential for expansion/replicability within your city and nationally. Although funds awarded may vary substantially, awards may be provided up to $150,000. Evaluation CFE Fund will design and lead a nation-wide evaluation, seeking constructive feedback from all grantee cities. CFE Fund may retain a consultant to coordinate data gathering and analysis efforts. If there are associated city -specific costs, CFE Fund may provide additional funding to cover these expenses. CFE Fund will evaluate the effectiveness of how financial empowerment services were integrated into municipal SYEPs, as measured by how many youth participants a) used accounts or payroll card services from financial institutions and received payroll by direct deposit, b) adopted successful spending and savings behaviors, and c) demonstrated knowledge of financial basics related to earning income. The evaluation will seek both qualitative and quantitative data that demonstrate the changes that occur throughout the summer. As detailed in the Application Format section of this RFP, your proposal should explain in detail which of the key outcomes your program seeks to achieve, and how you will measure and report the results. 5 Learning Community The learning community is an integral component of the Summer lobs Connect initiative. It creates a platform for systems change in various cities' approaches to SYEP across the country. Grantee city partners share lessons learned and other information crucial to building strong programs linking young adults to financial programs and services through summer youth employment, and ultimately builds a national model for using municipal SYEPs as a vehicle for financial empowerment for young adults. The learning community will be integral to refining access to banking and financial education components as well as evaluation techniques. Participation and attendance at learning community gatherings and phone calls are mandatory for SJC grantees. In 2015, both workforce and financial empowerment partners (or their designees as applicable) will be required to attend two in -person meetings held in the spring and in the fall. Grantee partners must also join approximately 4-6 learning community conference calls that will be held throughout the grant year. Each grantee city will have a monthly, one-on-one check -in call with the CFE Fund. Site Visits Partner cities will be required to host, at minimum, one full -day site visit during which CFE Fund staff meet with the City workforce and financial empowerment designees of the Summer Jobs Connect grant, and potentially other city agencies involved in the program. The CFE Fund may also meet with key partners of the Summer Jobs Connect initiative, including financial empowerment services providers, banking partners, researchers, etc. During the site visit, the CFE Fund should also meet and speak with youth and job supervisors in a group and/or a one-on-one setting. As feasible, the site visit should also offer an opportunity for CFE Fund to observe implementation of the banking access and targeted financial education programs. Media, Public Relations and Volunteerism Summer Jobs Connect is a program of the Citi Foundation's Pathways to Progress initiative. The initiative emphasizes the importance of systems change through the investment of the Citi Foundation. Grantee cities must document the impact upon low-income youth in the United States of providing the opportunity to develop workplace skills and leadership experience necessary to compete in a 21st Century economy. CFE Fund requires that SJC grantees document this success throughout the year to communicate the progress and impact of SJC. To do so, we will compile data and stories from all of the participating cities. To prepare for both planned and ad hoc communication opportunities, the cities will be expected to prepare and provide content to the CFE Fund that includes, but is not limited to: • Testimonials from Spokespeople: These individuals should expect to be highlighted in communications (including articles, blogs, videos) by Citi, CFE Fund and potential media. Signed release forms are required and will be provided by the CFE Fund. o Identify 6-8 youth participants who can be available to speak about their experience with Summer Jobs Connect over the course of the program. They 6 should be prepared to discuss their financial behaviors, before, during and after the program. o Identify a City representative to serve as the lead spokesperson for the city, who can speak about the importance of SJC and the value of investing in the financial well-being of youth. This representative should be prepared to do media interviews and participate in the creation of any promotional materials promoting Summer Jobs Connect. • Photos: Images of spokespeople and other participants may be taken at their job sites. Signed release forms are required and will be provided by CFE Fund. • Impact stories: The approved participant spokespeople will need to fill out a questionnaire related to their summer job experience, providing insights into their financial behaviors and learnings. (Exhibit A) There are also questions for their employment supervisors. • Logos: Grant recipients are required to complete a Logo Consent Form for use of the Citi Foundation logo on any collateral, including websites. The CFE Fund will work with grantees to complete. • Public Relations opportunities: Each SJC City is also expected to identify potential filming and public relations opportunities for Citi Foundation to attend, and identify the success stories of the initiative. The Grantee will also be encouraged to engage Citi volunteers, connecting youth to volunteers, and develop a plan for implementing Citi volunteers into program and media opportunities in regards to their participation. Interim and Final Reports Grantees will be required to complete two reports during the 2015 Summer Jobs Connect grant period. The interim report is due August 20, 2015. The CFE Fund will require an interim budget report, and other program specific data that is available far processing. The final report is due October 29, 2015. The interim report and the final reports must be submitted completed and on - time to ensure timely release of remaining payments. Template and attachments for the final grant report are included in this RFP (Exhibit B). Please review these reports and contact the CFE Fund with any questions or concerns in advance of the due date. Grant Terms Length of contract: One year. Approximate start date & end date of the contract: February 2015 — January 2016 Terms of payments: • Funds for youth employment and associated administration: 90% of funds will available for payment upon execution of contract, 5% of funds will be available upon receipt of interim report, and final 5% of funds will be available upon receipt of final report (including attachments). All funds will be electronically transferred to grantee cities. • Financial education program funds: If granted, 90% of funds will available for payment upon execution of contract, 5% of funds will be available upon receipt of interim report, and final 5% of funds will be available upon receipt of final report (including attachments). 7 • For cities being paid through a partnering 501(c)3 organization, the CFE Fund will execute payments electronically as soon as milestones listed above have been met. • For cities being paid directly, the cities will need to submit detailed invoices documenting how funds have been expended. Although the funds will have been available to draw down at upon completion of each milestone, CFE Fund will reimburse for those expenses only upon receipt of invoice after services have been rendered. Please discuss with CFE Fund the proposed schedule of payments in advance and the process that your city needs to undertake to be able to accept private funds. The standard contract form attached for payment to the City is attached (Exhibit C). If there are any questions about this contract, please contact the CFE Fund as soon as possible to ensure prompt initial payment. Application Format Applications should be no more than 13 pages, typed in Arial or Times New Roman using a minimum of 12-point font and 1 inch margins. Cover Sheet Please include a cover sheet that contains the following information and is signed and dated by the senior administration official responsible for the program implementation: • City Name • Mayor • Population Size • City SYEP leadership (lead and backup) • City financial empowerment leadership (lead and backup) • Main contact (name, address, phone number, and email) for this grant SYEP and Banking Access Questions In 6-7 pages, explain the SYEP and the banking access programs. 1. Explain your citywide SYEP organizational/operational structure, including: a. Role of Mayor and city agencies (lead and partner) b. Number and roles of community -based partner organizations c. Number and roles of work sites d. Roles of any other critical entities 2. Using the template provided in Exhibit D, explain which of the above partners are primarily responsible for the activities. In this section of the report, please explain how the entities interact to ensure the success of each activity. Note if responsible parties have changed in the past year, or are proposed to change for next year. 3. How many youth will be served by your citywide SYEP in 2015, inclusive of this proposed funding? How does this differ from the number served over the last five years? What have been the key drivers to significant changes in program size? 4. How are youth selected to participate in SYEP (e.g. lottery, geographic preference, recommendations)? Please describe the application process. 8 5. How will the job slots funded through this grant be identified within the citywide SYEP? If they will be designated to one or more particular sub -programs, describe the program(s). 6. How will banking access be integrated into your citywide SYEP in 2015? Specifically, how will you develop and implement access to accounts or payroll card services from financial institutions? What behavioral techniques will you design to encourage account opening and direct deposit enrollment? Please specify whether you plan to connect youth to payroll cards vs. banking accounts, and transactional vs. savings accounts. How will you work with youth who already have accounts? Please include details about the proposed account or payroll card, goals, partnerships, timeline. 7. How many youth are expected to use accounts or payroll card services from financial institutions for their summer pay? Please specify how this will be measured and reported. For example, how will you track: number of new accounts opened vs. use of existing accounts; number using direct deposit; number splitting deposit between transactional and savings accounts. 8. What challenges do you foresee, and what support from CFE Fund and/or the learning community would you hope to receive? Financial Empowerment Innovation Fund Proposals In 5-6 pages, explain the innovative, targeted financial empowerment program. Please include: 1. A description of the savings and/or spending program(s), including activities and touchpoint(s) at which they will be implemented, entities responsible for implementation, timeline and number of youth served. 2. Of the following key outcomes, which one(s) will be achieved by this program, how many youth are expected to achieve each, and how will the activities be designed to support outcome achievement? o Savings • Split direct deposit into multiple accounts to automate savings • Meet savings goal • Maintain savings beyond the summer (e.g. 3 months beyond) o Spending/Budgeting • Create a spending plan • Stick to spending plan • Reduce haphazard expenses • Calculate the cost of check -cashing services • Cease going to check cashiers • Understand how to minimize expenses when using payroll card/bank account • Understand what deductions come out of each paycheck 3. How will you measure and report outcome(s)? What data sources will you use? Who will be responsible for data gathering and reporting? Please include any historical achievement data if you previously tracked these outcomes. 4. In addition to the outcomes selected from the above list, what other metrics would you use to evaluate your targeted financial empowerment program? 5. How will program lead to full integration of targeted financial empowerment in the citywide SYEP in 2016, if not already proposed for 2015? 9 Budget Please submit a budget for both the job slots and the proposed funding from the Financial Empowerment Fund using the attached budget narrative form and Excel template (Exhibit E). Listing of Exhibits A. Communications: Youth stories template B. Final report template C. Draft contract D. Data form to document SYEP process E. Budget 10 Exhibit B Scope of Work The Cities for Financial Empowerment Fund, Inc. (the "CFE Fund") supports municipal efforts to improve the financial stability of households by leveraging opportunities unique to local government. By translating cutting cdge experience with large scale programs, research, and policy in cities of all sizes, the CFE Fund assists mayors and other local leaders to identify, develop, fund, implement, and research pilots and programs that help families build assets and make the most of their financial resources. With a generous investment from the Citi Foundation, the CFE Fund is launching the second year of Summer Jobs Connect, a multi -city program working to develop a national model for using municipal SYEPs as a vehicle for financial empowerment services and programs for young adults (14-24 years old) from low- to moderate -income (LMI) families. In addition to directly funding job slots for summer employment, the goal is to leverage the employment opportunity into financially empowering experiences, including both safe and appropriate banking behaviors and meaningful financial education experiences. The Citi Foundation works to promote economic progress in communities around the world and focuses on initiatives that expand financial inclusion. The Citi Foundation collaborates with best - in -class partners to create measurable economic improvements that strengthen low-income families and communities. Through a "More than Philanthropy" approach, Citi Foundations' business resources and human capital enhance our philanthropic investments and impact. 1. Core Elements of Summer Jobs Connect. The City of Name will be responsible for: a) Identifying and tracking x jobs slots funded under this initiative within their operating SYEP or other approved youth employment program. b) Working closely with financial institution partners to make at least one safe/affordable financial product available to the vast majority of all SYEP participants. SYEP program touch points should be designed to integrate account enrollment and direct deposit of payroll. c) Insert Innovation Fund activities (f applicable) d) Actively participating in the CFE Fund's evaluation and learning community efforts. e) Facilitating and participating in the CFE Fund's site visit during the summer. f) Supporting CFE Fund communications efforts promoting the SJC initiative. g) Preparing and submitting timely reports and billing. 2. Summer Employment. The City of [CITY NAME] will use the funding from this grant to provide [xxx] SYEP slots to low and moderate -income youth in the XXX subprogram, which serves (disconnected/high EXHIBIT B performing) youth. The CFE Fund will provide [Sxxxx] to support each slot, which includes wages and administration costs. Job opportunities funded by this grant are to provide youth real -world work experience where they learn workplace behaviors and contribute to the productivity of the organization by which they are employed. Educational opportunities, while encouraged, should not be the primary focus of such job opportunities. The City of [Name] must identify, track, and report on youth occupying the jobs slots funded by CFE Fund. Job slot funding may only be used to pay youth (salary and benefits) and administer the workforce program. 3. Banking Access Awardee is expected to implement access to accounts or payroll card services from financial institutions to the vast majority of the city's SYEP participants (including for those youth working in job slots funded outside the scope of this proposal). This requires working closely with financial sector partners to make available at least one safe/affordable financial product and designing SYEP program touch points to integrate account enrollment and direct deposit of payroll. The program should incorporate bebavioral techniques to suggest that the vast majority of youth in SYEP direct deposit their pay into safe and affordable accounts. 4. Financial Empowerment Innovation Fund 5. Evaluation CFE Fund will design and lead a nation-wide evaluation, seeking constructive feedback from all grantee cities. CFE Fund may retain a consultant to coordinate data gathering and analysis efforts. If there are associated city -specific costs, CFE Fund may provide additional funding to cover these expenses. CFE Fund will evaluate how well financial empowerment services were integrated into municipal SYEPs, as measured by how many youth participants a) used accounts or payroll card services from financial institutions and received payroll by direct deposit, b) adopted successful spending and savings behaviors, and c) demonstrated knowledge of financial basics related to earning income. The evaluation will seek both qualitative and quantitative data that demonstrate the changes that occur throughout the summer. 6. Learning Community The learning community is an integral component of the Summer Jobs Connect initiative. It creates a platform for systems change in various cities' approaches to SYEP across the country. Grantee city partners share lessons learned and other information crucial to building strong Exnl$rr B 1 Comment IKPi]: Fill in when details of f Innovation Fund proposal from City are finalized programs linking young adults to financial programs and services through summer youth employment, and ultimately builds a national model for using municipal SYEPs as a vehicle for financial empowerment for young adults. The learning community will be integral to refining access to banking and financial education components as well as evaluation techniques. Participation and attendance at learning community gatherings and phone calls are mandatory for SJC grantees. In 2015, both workforce and financial empowerment partners (or their designees as applicable) will be required to attend two in -person meetings held in the spring and in the fall. Grantee partners must also join approximately 4-6 learning community conference calls that will be held throughout the grant year. Each grantee city will have a monthly, one-on-one check -in call with the CFE Fund. 7. Site Visits Partner cities will be required to host, at minimum, one full -day site visit during which CFE Fund staff meet with the City workforce and financial empowerment designees of the Summer Jobs Connect grant, and potentially other city agencies involved in the program. The CFE Fund may also meet with key partners of the Summer Jobs Connect initiative, including financial empowerment services providers, banking partners, researchers, etc. During the site visit, the CFE Fund should also meet and speak with youth and job supervisors in a group and/or a one- on-one setting. As feasible, the site visit should also offer an opportunity for CFE Fund to observe implementation of the banking access and targeted financial education programs. 8. Media, Public Relations and Volunteerism Summer Jobs Connect is a program of the Citi Foundation's Pathways to Progress initiative. The initiative emphasizes the importance of systems change through the investment of the Citi Foundation. Grantee cities must document the impact upon low-income youth in the United States of providing the opportunity to develop workplace skills and leadership experience necessary to compete in a 21 st Century economy. CFE Fund requires that SJC grantees document this success throughout the year to communicate the progress and impact of SJC. To do so, we will compile data and stories from all of the participating cities. To prepare for both planned and ad hoc communication opportunities, the cities will be expected to prepare and provide content to the CFE Fund that includes, but is not limited to: • Testimonials from Spokespeople: These individuals should expect to be highlighted in communications (including articles, blogs, videos) by Citi, CFE Fund and potential media. Signed release forms are required and will be provided by the CFE Fund. • identify 6-8 youth participants who can be available to speak about their experience with Summer Jobs Connect over the course of the program. They should be prepared to discuss their financial behaviors, before, during and after the program. Exxmrr B • Identify a City representative to serve as the lead spokesperson for the city, who can speak about the importance of SJC and the value of investing in the financial well-being of youth. This representative should be prepared to do media interviews and participate in the creation of any promotional materials promoting Summer Jobs Connect. • Photos: Images of spokespeople and other participants may be taken at their job sites. Signed release forms are required and will be provided by CFE Fund. • Impact stories: The approved participant spokespeople will need to fill out a questionnaire related to their summer job experience, providing insights into their financial behaviors and learnings. (Exhibit X) There are also questions for their employment supervisors. • Logos: Grant recipients are required to complete a Logo Consent Form for use of the Citi Foundation logo on any collateral, including websites. The CFE Fund will work with grantees to complete. • Public Relations opportunities: Each SJC City is also expected to identify potential filming and public relations opportunities for Citi Foundation to attend, and identify the success stories of the initiative. The Grantee will also be encouraged to engage Citi volunteers, connecting youth to volunteers, and develop a plan for implementing Citi volunteers into program and media opportunities in regards to their participation. 9. Interim and Final Reports Grantees will be required to complete two reports during the 2015 Summer Jobs Connect grant period. The interim report is due August 20, 2015. The CFE Fund will require an interim budget report, and other program specific data that is available for processing. The final report is due October 29, 2015. The interim report and the final reports must be submitted completed and on -time to ensure timely release of remaining payments. Templates and attachments for the two grant reports are included in this RFP. Please review these reports and contact the CFE Fund with any questions or concerns in advance of the due date. 10. Grant Terms Length of contract: One year. A third year of support may be available, based on funding availability. Contract Dates: February 2015 —January 2016 ExxIBrr B Terms of payments: a) Funds for youth employment and associated administration: 90% of funds will available for payment upon execution of contract, 5% of funds will be available upon receipt of interim report, and final 5% of funds will be available upon receipt of final report (including attachments). All funds will be electronically transferred to grantee cities. b) SJC Financial empowerment innovation funds: If granted, 90% of funds will available for payment upon execution of contract, 5% of funds will be available upon receipt of interim report, and final 5% of funds will be available upon receipt of final report (including attachments). c) City will need to submit detailed invoices documenting how funds have been expended. Although the funds will have been available to draw down at upon completion of each milestone, CFE Fund will reimburse for those expenses only upon receipt of invoice after services have been rendered. 0 Cities for FINANCIAL EMPOWERMENT Fund SUMMER JOBS CONNECT - YR 2 please complete all Sectlons,highlighted in yellow" City Name: City of Miami 1 Youth employment Wages for Summer Jobs Connect @ ".$8.051hr # Slots Total Cost per Slot/Per Summer Total Cost 122.00 S2,535.75 $309,361.50 2 Background & drug testing 122.00 $105.00 $12,810.00 3 _ Program Manager - (1) FTE salary S35,000.00 $35,000.00 Social Security 6.20% $2,170.00 Medicare 1.45% $507.50 Subtotal Program Manager $37,677.50 4 Office supplies $3,400.00 $3,400.00 5 Transportation - City Hall recognition ceremony $700,00 $700.00 6 Event related $2,600.00 $2,600.00 7 Bus passes for those SJC students having transportation issues 100.00 $56.25 $5,625.00 Total Summer Job Connect Financial Empowerment Innovation Fund Proposal $372,174.00 $ 24,000.00 8 Wages for (2) FEC Coaches for 3 months Benefits/healthcare for (2) FEC Coaches @$9851mth each for 3 months 5 5,910.00 Subtotal FEC Coaches $ 29,910, 00 9 New savingslaccount opening incentive @ $25 $ 3,050.00 10 Sustainability incentive - for continued savings & account @ 20% of remaining balance @ 6 months up to $100 $ 12,200.00 Total Innovation Fund Proposal $ 45,160,00 TOTAL PROPOSAL $447,244,00 Administration/overhead expense Total Summer Job Connect 10% $ 44,724.40 $ 491,968,40 Detail description 1 Wage calculation = $8.05 per hour @ 35/hrs per week for 9 weeks 2 Background check and drug testing at $105 per student is required for all placements 3 Program Manager includes salary and FICA and Medicare 4 Office supplies used during the summer session 5 ;Transportation (4) buses used to transport all the students to/from the City Hall recognition ceremony 6 Covers the cost of food for events, and the orientation 7 ;Bus passes for those students who have transportation issues to and from the work sites 8 i Wagelbenefits for (2) FEC Coaches for 3 months = $48,000 each FEC Coach x 2 = $96,000 - $8,000 per month for 3 months = $24,000 Benefits including Social Security & healthcare at $985 per month per FEC Coach = $24,000 9 'New savings and account opening incentive with a @25 gift card. We estimate that 100% will take this incentive 10 Sustainability incentive to each student who maintained the bank account in good standing for 6 months, A 20% incentive will be provide up to ! $100 of the balance remaining in the account at a 6 month interval Exhibit D Vendor(s) and Vendor Contracts (To be provided by the Grantee and updated as necessary) ExHu3IT D Exhibit E Narrative Report Template (To be completed by the [City of X] (the "Grantee") in coordination with nonprofit, integration, referral and training partners) Attached Comment [KP2]: Will include data report template as applicable Ho* so M out this data sheet. how fn enter the number a entiWatargarniab% net kdfvlduald reNeaenled by eath Category owned In Mum. E-tiaMlag more columns (mend/ Row ler aorta the name of the lead for: 11 maim 2) Nod MEMO.* al Palbse na My agendas Ceas C11-C23 (ad in roes 0 spaded}: *ter the start and bad dates for each key tMOAty. Neese be reedfk d"5/13/15" rather than `mid -Maffei Cads E11-E13 Meow now how ream youth your program estandes to angryd al each t0.[hpomr Cab G11.0! taddrd rows/solwnns if eeded}: If an entity hes PBiMAB& respondbNC5 tor * activity, mita a hw words aberd a)tys45 May de bl whetter lute rnpons6rlNty h different firm 2114, and e) when other entities they intraetvdth to ensure Number d mines nosed sad amen Appllethe Maass Selection Eavtesm orentone A.syn..m to worksbes First day, raped to wedelns Paned Ter ied 6mntMl adwtlan- maetng Min FEC Conches Mmina seen. monism Mae -real ---laeppbmags pea nthetel-peo &post somas Monte my and reeedle, neaeni endevdealan Meath, Meaimedlar. fadda rswr mar ash typal of the aehhy. Leave the Mew was KLAl6. 7uo 11Es.We estimated % Mrprfaty leg Lead env agency Pannreg say agendas Paanen lnen-chyl l0l4Fh bthvds/ wakens inn dawrsments and Clic Agendas {EC Caplan fwnxfd lnatepons maim of womb 6 5 2 a 15 2 Mayor/ones gega4d Denier Moms,. City manager City of Miami, Mika&Grants stratl*. AtlmimWt114m Aorta, Giutlia Soren Ma as Man agedaged CIIV'sfiner'$urce [enter, Warmed 610, 00A, Liberty City Inds MWrd Edson owner Dominique/ mind Senior iMry 101va ara), suede Tb L washro m deaveremhtel, Manss-Minn lean Moth) Names d daAadmant Nelsons (see tepwAte attachment Aro Ronson baron. Pamirs rethink panda wga.l, Educational Federal Credit Union 1 Salem Gaudm4, Eastern Financial Credit 4kmbnlManednaan wads Fargo iMMnnyCniam!{ 5/4/31115 5/15/2M5 9/e/2015- S/15f2015 5I4l2015- 5/15/2015 1E4 122 122 100% 7Th 6516 Beside City Nag icy a work siteadministrators/Inborn at the elected officials' offices, a4 electedMegatherbg officials have expresses a kb telemeter helping promos and recognize the 51C pafMpents, the Cam of Miamrs CareerSourxe tenter assists In aFapphalipm, documents and Ole placements. They me present Meech of the recruitment events and ensues ail students are tomforteble compietng theaPPltatbns initial follow up with each student to emus partictpadon it the orientation. The center works In concert with bothths Program ManagerendlM FEC COMM,. Other patnecogagencies 'not yam foulisedl tits be involved in maidngsurepayrolland tines are amounted For. Overall wed r Pcyypneoence war also be mpmta.ed .nd'epon.d to the SIC Program Manager. the high fehaalf have the Plimal0 respontlbdiityto perform The inelal ...NM of the stode ll and that they meet the grant gudelies Thee eleeeeeel In the coodlnMbnn n el inpatt application documents Department and site Maisons overall student dolly sypentdan, participation. workplace conduct and Payroll rtporting. FEC Coaches are present et el re6Wmmanevents to assist each student In the application Pretest and introduce theen tn* to detect deposit, Mamie' edetatlon, and avlags FEC Coaches are part of the keWcimelaspects the day of orleme0en, FEC Combs* Mord-nateand perform one -on -ones throughout time Summer ieteutws partners are recruitment menet at each of the reitment events apnirystudenn up that need aba'mk aoceaht for payed Rsaylys Puraases. Fissile institution ea present at thearkntappnMrc to ensure all students have theappeapmte oppodualbes to op* a new account. Fbandal institution partners will Madbatewin the CareM' wte Center and tire. City's finance department to ensure the students direct deposit is properly bandied and finalised. Thisladsftermtlearn 2014 when *staffing company performed this functlert The Wnmod elpertnen provide kediah regarding the status of the 51C participants to make me ell understand the benefits of 5/19/2015- 5I32l3015 E/$CNfi 5/15/303s - S/29/2015 0/9/3015 0//2015- t4W1G15 5/5/2015 e/1a/7015 5/4/2015- 5R�2�s 5/80035- 6/1#/2015 5/a/2015- 5/2P/2015, 7/1/15- 5/14/15 5/EN15, 2/91/15, g/1a/15 9/31/2015 122 tYY 122 122 122 122 116 122 95% The Metal Miami's efface of Grants Administration TOGA! has the p0mary responsibility For the ovwai!ensure grant PMormalea. Leedh,g the eeerdnnatton of the seise rmeh."'", apPlcatba,eaettan and placement within depadm*Idageciea EEC Coaches you are roloxated within OGA coordinate the one-on-one michi rag sessions, The grant funded pregtam manager is Intim* Involved In el aspects One 51C rd 'epergne throughout the Summer sessbn FEC Coaches semi in the followstudents u toensurotM d umentamnneededefor amount opening hcompleted EEC Coaches connect 57C students with other programs and services as reeled. direct demon and account opening. Theo Dantsour FCC �r hes end Program in Urti3011 Manage. lo ensure"6now your Customer end Rank Security laws" are labored with proper documentetlon. Notices Cities for Financial Empowerment Fund, Inc. I-Hsing Sun Cities for Financial Empowerment Fund, Inc. 130 William Street, Suite 902 New York, NY 10038 Telephone: (646)-362-1634 Email: isun@acfefund.org Grantee City of X Exrinrr H 1864449-NYCSR07A - MSW Exhibit F Exhibit G Marketing and Communications Guidelines Citi Foundation Exxtarr H Grantee Proposal EXHIBIT H Exhibit H City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 Cover Sheet City Name: City of Miami Mayor: Tomas Regalado Population size: 417,650 City SYEP leadership: (lead and backup) • Lead: William Porro, Special Projects Administrator • Backup: Lillian Blondet, Director Office of Grants Administration City Financial Empowerment Leadership: (lead and backup) • Lead: William Porro, Special Projects Administrator • Backup: Lillian Blondet, Director Office of Grants Administration Main contact for this grant: William Porro 444 SW 2nd Ave, 5th Floor, Miami, FL 33130 wporro(a7miamigov.com Office: 305-416-2181 Cell: 305-582-5757 Page 1 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 1. SYEP and Bank Access The City of Miami, incorporated since 1896 under the state of Florida, is a municipal entity governing a diverse constituency, 29.9% of whom are impoverished and 20.1% are unbanked (US Census, CFED). For the 18.4% of the population under 18, this poverty has consequences, one of which is growing up without exposure to foundational elements of financial literacy and workplace expectations. The proposed Summer Jobs Connect 2015 (SJ2015) by the City of Miami seeks to address these knowledge gaps to empower Miami's young people to be economically self-sufficient by leveraging the City of Miami's existing Summer Youth Employment Program (SYEP) to expand the opportunities for youth to gain economic empowerment in the City. The City of Miami recognizes that summer months are incredibly important and are an opportunity for growth, which is why we were pleased to implement the 2014 City of Miami Summer Youth Employment and Financial Empowerment program, with support from the Citi Foundation and the Cities for Financial Empowerment (CFE) Fund. We anticipate replicating that success in 2015. a. Role of the Mayor and City Agencies The City's organizational and operational structures to effectively manage the proposed SJC 2015. The Mayor provides vision to guide the application of City resources. The City Manager operationalizes this vision. SJC benefits from support from the Mayor and support from the City Manager providing expedited hiring process of SJC participants, organized by the Office of Grants Administration (OGA) and the programs it manages: • ACCESS Miami- ACCESS Miami, which manages economic empowerment programs in the City of Miami will utilize its financial literacy curricula, experience in youth economic empowerment, financial coaching staff and connections with public work supports to assist SJC participants. • Miami Career Center- Providing workforce development services for all Miami residents, Miami Career Center will provide all the screening services for youth to ensure they can be immediately hired. • Grants Administration- This office is charged with grant writing and coaching departments with implementing their grants. These services will be offered to SJC staff to assist them in executing the grant in the timeframe outlined. OGA will coordinate the final hiring paperwork for City of Miami positions with the Office of Employee Relations to ensure smooth processing of applications, aided by the screening services provided by the Miami Career Center. An additional internal partner critical to this project is the City of Miami Parks Department. As the department with the largest historical need for youth Page 2 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 workers, Parks Dept. has managed the youth summer employment programming. Every year between 200-300 temporary new hires are placed within various parks focused on activities ranging from summer related activities, such as swimming to educational support programs. For the purposes of this grant, Parks will continue managing their hiring process for 300 youth. Eventually the City of Miami hopes to scale up to provide financial literacy orientation to all youth employed in the summer. b. Community -Based Partner Organizations: The City is unique in that a majority of its job placement slots will be internal, with some offered by internal paragovernmental entities (see Work Site List tab in Exhibit D). Therefore, it does not have `community -based partner organizations as employers. c. Work Sites- 25 work sites (City Departments and Affiliated Agencies) Each work site, whether internal to the City or a partner organization, must provide a supervisor, expectations of hours, coaching and support of the youth to develop productive work habits as well as ensuring their safety and providing time for financial training. (see exhibit D for list). 2. Exhibit D (see attached) 3. Number of Youth Served in SJC 2015 In 2015, with the support of CFE, the Citywide youth employment will be 422 inclusive of the 122 that this SJC proposal encompasses. These youth will be: 100% from low/moderate income census tracts; 30% impoverished; and 50% unbanked. This SJC funding represents a 41 % increase in the overall SYEP program. In previous years, 2008 to 2012, the Great Recession hampered many cities in terms of revenue and inevitably programs and services. These budgetary restraints required the City of Miami to reduce the staff in the City overall, which reduced the amount of supervisors available to oversee youth and the funds available to pay youth workers. At the same time, the largest external fonder of youth programs, a penny -tax funded entity, also reduced funding. The combination of these factors shrank the City of Miami's formerly robust summer youth employment program. In the recent two years, revenues have returns and therefore programming levels. The City is ramping its programming back up to support its youth with employment opportunities. The City's first year in the Summer Jobs Connects (SJC) program recruited 165 applicants, qualified 127 and placed 108 (85%) high school students in City departments working 35 hours per week. The program was considered a success with over 90% of the youth completing the 9-week summer program, 98% having direct Page3of15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 deposit and 32 opening new bank accounts. Similar successes are expected of the 2015 cohort. 4. Youth Selection Process The recruitment and selection process begins before any young person submits their application as the City brings together its collaborators for a strategic process that includes partner convening, recruitment event planning and hiring execution to ensure the development of a quality program for youth most in need. Partner Convening: The City of Miami will connect with the Miami -Dade County Public School System (MDCPS) to coordinate recruitment efforts through the leadership of four targeted schools who are both Title I high schools (90% or higher receiving free lunch due to household income level) and diverse: Booker T. Washington High School (967 students), Miami Senior High School (2,744), Miami Edison High School (931) and Miami Jackson High School (1,184). High schools are busy spaces and the Financial Empowerment Program Manager will be charged with coordinating with principals to get maximum attendance, as well as coordination the City's Career Center and FEC Coaching staff, banking partners and DMV to ensure their attendance. Convening all partners at these recruitment events allow youth to understand the total benefits that they will get from participating in the program and is a key success factor in high application and retention numbers. Recruitment Event: Prior to the event, the school provides the recruitment event location, announcements in the school communications, website, and via certain home rooms. At the event, the City's Career Center staff conducts outreach and processes initial paperwork if possible as well as providing additional explanation of the program requirements and benefits. In addition to providing an orientation to SJC, partner banks can use this opportunity to recruit youth and establish a banking relationship to any student that shows interest, regardless whether they apply to enter SJC. The City will also offer this employment and financial coaching opportunity to youth not in these schools via the Career Center which has a database of youth who have sought career services previously. We will conduct email and phone outreach to increase the number of applicants using the list from the Career Center and through the City of Miami internal email blasts (4,000 employees) which will reach parents of children who might be eligible. Selection Process: The Miami Career Center will process all paperwork and secure additional supporting documents as needed. Once qualifications are confirmed, youth will enter a candidate pool. The Miami Career Center staff will review the needs of the Page 4 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 25 City departments and partner work sites to make matches based on interests, aptitudes and availability.. Available positions will include: administrative/clerical, computer related, customer service and outdoor field related duties. The City departments will review their youth candidate options and will identify the most promising candidates. The Career Center staff will make the final offer to the youth worker and, upon their acceptance, provide all the orientation information for a successful first day. The recruitment flow will be as follows: Aop',:cat on dorullent% are gatie'ed & .}:l 7E can: itew:ev:ed Targeted H f h St hook Workforce Center High '.mock cPnd tcrPPnea apptrmtc 120-:3 each: to COM contact Aoprovcc ant rtatec welt to City rrIace-npnt 4. Identifying SJC Slots The City of Miami will be hiring 422 youth workers City-wide, however, the SJC cohort will receive strategic supports and programming to focus efforts on supporting youth to increase their banking access and financial education. The City OGA office will be incorporating the vision of the Mayor, the knowledge of the principals, and the needs identified by City departments to create a "different type of summer youth employment Page 5 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 program; hiring kids with a purpose." OGA will convene a meeting with the principals at the Mayor's office to discuss the new grant requirements, goals, intent and guidelines and to gain insight into his vision for the best use of youth workers. Following this meeting, OGA Director will share this vision and the opportunity with all City departments to create a comprehensive list of appropriate jobs and their requirements that will also allow the FEC Coaches to work with the youth potentially on the job. Through this process, the City anticipates filling 122 slots of the total 422 youth that will be employed in the City during the same period with SJC supported youth. Operationally, the City has the capacity to track the earning gains and progress of the SJC participants through its Oracle based accounting system. The SJC slots will be identified separately and have its own internal account number under OGA and as a subgroup of ACCESS Miami. This precise and segregated accounting allows to accurate tracking of expenses by line item and allows for proper program evaluation from the rest of the SYEP cohort. 6. Integrating Banking Access into SJC 2015 Based on its existing economic education programs operated by ACCESS Miami and the results of last year, the City understands that education about banking access is critical throughout the entire employment experience and has included it in the process from recruitment to hire and beyond. (See section 7). Recruitment: Information about banking access and financial empowerment begins at each recruitment event at the individual high schools and continues in the orientation session and one-on-one meetings throughout the summer. Each recruitment event is vital for this reason; there is no better time to educate an individual about their bank access and direct deposit options than at the point of an employment application. At each recruitment event, this education will be provided by ACCESS Miami's Financial Empowerment Coaches and SJC Program Manager. The process of the recruitment event will begin with Career Center processing applications, then identifying whether the youth has a banking relationship or not. Depending on this answer: • No Banking Relationship: Youth will be walked to the FEC Coaches and SJC Program Manager's table to discuss their banking options. This first conversation sets the stage for the management of expectations of their participation in the SJC program and benefits and allows the FEC Coaches to baseline the students' financial health. If the youth is amenable, s/he will be connected to the onsite financial partners to discuss appropriate account products. The financial products used are checking/saving accounts made for students, with little to no fees. There are even non -custodial accounts made available for those less than 18 years of age. The City will have DMV representative available to verify identities to expedite applications, when students forget their ID. Consolidating all Page 6 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 steps and resources resulted in 32 new banking relationships on site in 2014. This process should enroll most youth workers, but for those missed, these services will be offered during their employment with the City. Program support provided while they are employed will encourage them to enroll in the appropriate banking solution. • Pre -Existing Banking Relationship: If the SJC candidate already has a banking relationship, information regarding our financial partners is still made available to stimulate "comparison shopping". Partners include the existing credit unions on campus (Educational Federal Credit Union and Eastern Financial Credit Union) as well as the program partners Wells Fargo and Citibank. Hired Youth Workers: Our goal is to once again achieve an above a 90% direct deposit rate of all youth workers. The City will use two touch points to achieve this outcome and believes it is possible based on the 2014 outcomes where direct deposits increased from 80% to 98% for program participants. • Orientation Touch Point At Orientation, banking access is once again instilled into the SJC candidates. Orientation takes place over the course of one full day as the "first work day". During the Orientation session students received a binder containing information on important contact numbers, the City's human resources policies, and presentations by the instructors of the day, including financial partners, FEC Coaches and that of the SJC Program Manager. The financial literacy portion covers "creating the life you want", understanding your paycheck, a financial literacy curricula (America SAVES, Thrive N Shine or Money Think), online financial literacy games, introduction of FE mandatory assignments: spending journal, savings contest and 1:1 appointments and opportunities for unbanked youth to meet with representatives from the financial partners (see Exhibit D). • Program Touch points: In addition, the FEC Coaches with the involvement of our SJC Program Manager, will work in concert and obtain information as to how many students have direct deposit (existing or new accounts) and how many do not during the first 30 days of hire. Considering that direct deposit is not mandatory in the City of Miami's HR manual, this outreach is necessary to properly instill financial comparison skills into all SJC candidates. For those still unbanked students, FEC Coaches will conduct 1:1 outreach and provide individual support to encourage them to enroll into a bank account. This may include additional curricula work, documentation of statement copies, and/or coordinating a banking appointment with the financial partner. FEC will provide these supports so that the overall goal of increasing financial literacy and banking relationships in this program will be successful. Finally, the FEC Coaches will Page 7 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 further document each milestone in the youth's SJC file with appropriate statement copies. These efforts will increase banking access and usage for the youth SJC cohort. 7. Summer Pay Deposit Goals: The City will achieve over • 90% (109) direct deposit rate by the second payroll; • 50 new banking relationships; • 85%(103) increase in financial literacy (pre/post instruction) • 20% (24) increase in new savings accounts. • 80% (98) will create a budget to follow. • 90% (110) will have direct deposit. The City will utilize the City payroll, interviews, and its designated account number to establish: Numbers of students paid in check vs. direct deposit; numbers of students and savings. FEC Coaches and Program Manager will also use their databases, interviews, and document verification to confirm outcomes. ACCESS Miami will then benchmark progress every payroll to measure progress. 8. Anticipated Challenges: The largest challenges to the program last year was identification confirmation to expedite hiring and meeting the demand by youth workers for jobs. The City hopes the DMV partnership will address the first challenge. The second challenge will be greatly solved by funding from CFE and its support of this program. These students are limited in mobility, limiting their economic earning options and opportunities to within a small area around their homes. The funding from CFE greatly expands the youth worker slots in the City, and therefore safe, proximal and economically empowering employment for the youth of Miami. Page8of15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 City of Miami's Financial Empowerment Innovation Fund Application Page 9 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 1. Program Summary -City of Miami's ACCESS Miami program has operated innovative economic empowerment programs for over a decade. From its recent youth worker program, ACCESS Miami has developed a Financial Empowerment Innovation program that will increase the economic self-sufficiency of the students it serves while employed in the Summer Jobs Connect 2015 program. The funds requested will support the employment, savings skill building, and financial empowerment of 122 students in the City of Miami, supporting student wages, incentives, and dedicated staff to instill healthy financial habits in the SJC cohort. a. Financial Empowerment Innovation- ACCESS Miami was extremely successful in getting students to convert from paper checks to regular checking accounts. ACCESS Miami is now interested in assisting youth develop a regular savings practice. ACCESS Miami believes that intensive coaching during the time the youth is employed by the city and its partners with follow-up over the long term goal of 6 months from date of initiating savings, will be innovative and result in increased in total savings for 122 students in this cohort. b. Entity Responsible for Implementation -ACCESS Miami Financial Empowerment Center Coaches. c. Timeline- The activities to encourage savings will begin the first day of hire and continue throughout their term of hire (June -August 2015) with follow-up coaching and savings confirmation occurring until the sixth month benchmark is reached (January 2016). d. Activities: In order to achieve savings goals, each student must receive individualized financial coaching that ensures they have strong financial fundamentals that will not sabotage their savings goals. If they achieve those goals, they will then receive unique incentives to encourage savings. The FEC program will serve a total of 122 SJC participants in a 3 month period. They will develop a more detailed financial plan and will be followed up on at least 3 prescribed intervals to help them achieve a better understanding of financial self-sufficiency and instill new positive financial habits. They will also have at one of the following outcomes: create a budget, open a bank account or transition to a better account; begin saving, establish a credit history, increase their credit score, decrease debt or use a budget to manage income and expenses. i.lndividual Coaching. Financial Empowerment Coaches will provide free individualized financial coaching to 122 SJC students in the summer of 2015 to empower them to play a more proactive role in their economic independence and self-sufficiency. The coaching will address and meet the needs of the SJC cohort, Page 10 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 such as explaining the paycheck, establishing a budget, evaluating debt and creating a debt elimination plan if any, establishing an emergency fund, understanding and reducing expenses, automating and funding saving accounts and planning for the future. In -person Coaching: The free financial counseling will assist the students in improving their credit score, increasing their savings and improving their money management skills. This in -person coaching session will take place after the initial financial literacy session provided as part of the job orientation. They will receive additional coaching either at their job or at the City's Financial Empowerment Center (FEC), the same site where the Financial Empowerment Coaches offer financial literacy and coaching services to low to moderate income residents and low income small business owners of the City of Miami. They will be base -lined for financial health and setup their initial plan. Follow-up Coaching: It is estimated that these 122 initial SJC clients will generate at least 4 additional sessions during which the coaches will address behavioral changes needed to achieve financial empowerment. There will be follow-up connections made with this cohort, either in -person, by email, or phone at 1, 2, and 3 month intervals to encourage and reinforce their personal goals. Additional sessions will occur over a 6 month period depending on complexity. Coaching Assessment Each coaching session will be marked with the completion of a financial health assessment. This assessment or "financial triage" will capture demographic information and baseline data such as education level, employment, income, services that interest participants such as, banking and financial services, budgeting, credit score improvement and debt reduction. It will also be used to determine immediate needs with their guardian such as school expenses, clothing, books, housing and school supplies and to refer them to providers for assistance. Providers will be entities such as, social service programs, the city's Benefit Bank and tax sites, faith -based organizations, the 3-1-1 Call Center, Neighborhood Enhancement Teams (city satellite offices), community college partners, Legal Services of Greater Miami, the City of Miami's workforce center, city programs and community based organizations providing essential services citywide. The counselors will coordinate with those organizations to facilitate access by clients by ensuring that staff is aware of the available financial counseling services and how the SJC students can benefit. The support of CFE Fund will allow the city to leverage and dedicate its existing two (2) FEC Coaches to deliver this intensive coaching for SJC students only, rather than their general public classes. The City of Miami VISTA program will train two of its VISTAS to provide basic financial literacy and will conduct the Page 11of15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 general public classes during these months as needed, while FEC Coaches provide one-on-one fiscal case management for each student. ii.Savings Incentive: The savings incentives will better engage the students to establish positive behavioral change to begin saving and continue saving after the summer program has ended. ACCESS Miami proposes that at account opening and employment hire, students be informed of the Savings Incentive component of the program, which will provide every student who achieves certain benchmarks additional financial incentives. Currently there are no programs offering similar incentives along with the coaching to support the individual achieve their goal especially targeting youth. Most matching or other savings oriented programs targeted at low income individuals enrolls the person in a savings account and then leaves them to figure out how to manage the account. ACCESS Miami will provide ongoing coaching and check -ins to remind participants of the goal, the amount of time till the deadline, and is exploring social media options that do not endanger the youth to share their progress and promote healthy saving habits. Everyone embarking on the journey to save for six months will receive a $25 gift card to put in their account and then, if their account is open and active by January 2016, they are eligible for 20% bonus on the balance up to $100. Using the combination of individualized bi-lingual support for youth working across the City, often as the only youth worker at their job site. the activities supported by this funding will support them over -coming work anxiety, staying employed and advancing their prosperity. We hypothesize participants will increase their saving rate (amount saved) by 80% and 50% will maintain or grow their saving amount for the 6 months. 2. Program Outcomes: The proposed program will result in improved financial management by the youth workers, ACCESS Miami anticipates the following outcomes will be achieved: Spending Outcomes: 80% (98 participants) will create a budget to follow. 90% (110 participants) will have direct deposit. 80% (98 participants) will open a bank account, transition to a better account, or use an existing account for this SJC session. 75% (91 participants) will improve their fiscal health when comparing their intake assessment and their final assessment as conducted by the FEC Coach. Page 12 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 Savings: 80% (98 participants) will begin a savings plan and or account who previously did not have one. 50% (61 participants) will automate their savings by splitting their checks into a checking and savings account. 50% (6lparticipants) will maintain the savings beyond this summer 2015. 25% (30 participants) will take advantage of the savings incentive. Achieving goals such as a 90% or higher direct deposit and 80% savings account usage is within reach with the programmatic support of the FEC Program Manager and Coaches as well as the use of the strategic savings incentives. Deploying staff to deliver the overall messaging and engage youth workers at each "touchpoint" is critical throughout the recruitment, enrollment, orientation, duration of hiring, and closeout meeting as well as constant analysis and information input into the City database to progress monitor outcomes. • Recruitment: At recruitment events, FEC Coaches will be logistical point to set up these events with the Program Manager, conduct intake to establish the baseline for each student, and hand off SJC students in need of accounts to one of our financial branch partners. In 2014, this strategy alone enabled us to open 32 new banking relationships at recruitment events. • Enrollment: FEC Coaches will, with the involvement of the Program Manager identify the existing checking and banking accounts and document this information or refer them to the financial partners to set up these accounts. • Orientation: On the first day of hire, all youth workers will go through a 1 day orientation that will include a baseline financial literacy curricula to build their foundational knowledge. • Duration of Hiring Support: Each youth worker will meet individually with a FEC Coach to establish goals and execute on those goals in subsequent visits, producing 4 sessions on average per youth worker on average, based on historical experience, for a total of 244 sessions per FEC Coach. • Closeout Meeting: When the goals have been reached as set out in the original plan, FEC Coaches will conduct a close out meeting at the end of the summer and help the youth worker set new goals, inclusive of actions that will allow them to achieve the savings incentives proposed in this narrative by January 2016, as well as document progress. • Data Input and Analysis: The Program Manager will monitor the progress of the cohort as a whole and verify the documentation of progress as well as direct EEC Coaches to focus efforts on students who are behind their goals. Page 13 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 3. Outcomes Measurement: The City of Miami/ACCESS Miami uses the CounselorMax Internet based software to track and document all client activity, follow up sessions, goals and outcomes. It has proved to be a cost effective management tool for client tracking and documenting progress. Presently, our FEC Coaches track approximately 11 outcomes: individual sessions achieved, location of client (inside our outside City limits, group sessions participation, income level, savings increased, created a budget, bank account opened, increased income, increased credit score, increased savings/emergency fund, reduced debt. Staff Responsible: The FEC Coaches and the SJC Program Manager will work in concert to ensure the proper documentation and data gathering is accomplished. A monthly report will be pulled, compared against the records in the City of Miami Human Resources, Financial Health Assessments conducted by FEC Coaches, and the self - reporting of the youth workers themselves. The FEC Coaches/Program Manager will provide the final report integrating these inputs. Historical Achievement: As of Oct 2014. the following outcomes have been achieved by our FEC Coaches: Percentage COMBINED Goal Actual Variance to Goal Completed% Meets with Financial Counselor (Initial) 200 345 145 72.50% Outside the City of Miami 0 1.62 162 Within the City of Miami 200 183 -17 -8.50% Create a Budget 180 225 45 25.00% Financial improvements Open a Bank account ortransition to a 50 137 87 174.00% better one Establish a savings plan 20 179 159 795.00% Establish a debt reduction plan 40 74 34 85.00% Improve credit score or established credit 20 43 23 115.00% Establish an emergency fund 40 92 52 130.00% Increase their income to expense ratio 40 27 -13-32.50% Referred for services and benefits 0 26 26 Participation at workshops conducted 0 905 4. Additional Outcomes: The outcomes listed above cannot be achieved without the SJC being fully engaged in the experience and earning income. Therefore, the Program Manager will monitor absences, tardiness and overall work performance provide coaching support if necessary to ensure understanding of the connection between work performance and their savings performance. The Program Manager will also coordinate with the work site to ensure the students receive the support and time needed to attend and participate in the financial coaching activities. Full Implementation of Financial Empowerment in Youth Employment Programs: With the second year of the SJC performance and data results, we can begin to dovetail Page 14 of 15 City of Miami CFE Fund RFP - Proposal for Summer Jobs Connect 2015 future SYEP clients also into the financial empowerment realm. This will be the first year the City of Miami will be dedicating its FEC Coaches, and, in addition to focusing on the SJC cohort, they will provide open office hours to the City Departments employing youth across the city to encourage them to send their youth employees to the Center for coaching. Having staff dedicated to youth financial empowerment will provide the best method of providing quality and consistent financial literacy instruction and coaching in establishing bank and savings accounts. From this year, ACCESS Miami hopes to learn what would be needed to support individualized dedicated coaching to the over 400 youth workers the City employs in the summer to expand and integrate this intensive service and savings incentive across the city youth employment opportunities. Page 15 of 15 ExHrnIT H