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Home My WebLink AboutAgenda Item Summary FormAGENDA ITEM SUMMARY FORM File ID: #4906 Date: 10/04/2018 Requesting Department: Office of Grants Administration Commission Meeting Date: 10/25/2018 Sponsored By: District Impacted: All Type: Resolution Subject: Accept Grant - Americorps Financial Literacy Program Purpose of Item: A resolution of the City of Miami, with attachments, authorizing the City Manager to accept a grant ("Grant") award in the amount of $147,441 from the Corporation for National and Community Services ("CNCS") to the City of Miami's ("City") Department of Grants Administration ("Department"), for the AmeriCorps Financial Literacy Program ("Program"); and, authorizing the City's in-kind services match in the total amount of $181,338, for a total program cost of $328,779. To carry -out the AmeriCorps Financial Literacy Program a new special revenue project entitled: "AmeriCorps Financial Literacy 2018-2019 Program" will be established. The City Manager will be authorized to execute the grant agreement and all necessary documents, applications, renewals, extensions, reimbursements, modifications, to implement the acceptance of the grant award for the period commencing August 1, 2018 through July 31, 2019. Background of Item: In Miami, nearly 28% of people live below the poverty levels versus 18% countywide. As of 2014, 28% of City residents were unbanked with no savings or checking account; 26% had accounts, but still relied on check cashing or payday loans; and, 67% of Miami households were one financial emergency away from falling into poverty. Currently, Miami's students are not receiving financial literacy education, which has resulted in poor financial choice, debt, or poor credit. The proposed AmeriCorps program will address the above identified community problem by placing 20 half time AmeriCorps members at 4 Miami -Dade College campuses to provide one-to-one financial literacy coaching resulting in 150 program participants being served by the end of one program year. This program aims to assist young adults and adults through the development of budgeting skills; such as, assessing their personal needs and goals, creation of a personal budget, review of spending habits, and working towards financial stability. Budget Impact Analysis Item is Related to Revenue Item is an Expenditure Total Fiscal Impact: $328,779.00 Special Revenue Account No: TBD Reviewed By Office of Grants Administration Lillian P Blondet Office of Management and Budget Jacques Joseph Office of Management and Budget Christopher M Rose City Manager's Office Sandra Bridgeman City Manager's Office Nikolas Pascual Legislative Division Valentin J Alvarez Office of the City Attorney Xavier Alban Office of the City Attorney Barnaby L. Min Office of the City Attorney Victoria Mendez City Commission Joyce Jones Office of the Mayor Mayor's Office Office of the City Clerk City Clerk's Office Office of the City Clerk City Clerk's Office Department Head Review Completed Budget Analyst Review Completed Budget Review Completed Assistant City Manager Review Completed City Manager Review Completed Legislative Division Review Completed ACA Review Completed Deputy City Attorney Review Completed Approved Form and Correctness Completed Meeting Completed Signed by the Mayor Completed Signed and Attested by the City Clerk Completed Rendered Completed 10/08/2018 7:30 AM 10/09/2018 4:55 PM 10/10/2018 2:36 PM 10/10/2018 2:52 PM 10/11/2018 11:09 AM 10/11/2018 11:28 AM 10/11/2018 2:21 PM 10/11/2018 4:29 PM 10/11/2018 7:58 PM 10/25/2018 9:00 AM 11/02/2018 4:11 PM 11/02/2018 4:29 PM 11/02/2018 4:29 PM 4�CS O/: I! City of Miami ` City Hall * 9fi 11 IM&0Q:AT10 '® Legislation 3500 Pan American Drive Miami, FL 33133 Resolution www.miamigov.com Enactment Number: R-18-0475 File Number: 4906 Final Action Date:10/25/2018 A RESOLUTION OF THE MIAMI CITY COMMISSION, WITH ATTACHMENT(S), AUTHORIZING THE CITY MANAGER TO ACCEPT A GRANT AWARD IN THE AMOUNT OF $147,441.00 ("GRANT") FROM THE CORPORATION FOR NATIONAL COMMUNITY SERVICES ("CNCS") FOR THE CITY OF MIAMI'S ("CITY") AMERICORPS FINANCIAL LITERACY PROGRAM ("PROGRAM"); FURTHER AUTHORIZING THE CITY'S IN-KIND SERVICES MATCH IN THE TOTAL AMOUNT OF $181,338.00 FOR A TOTAL PROGRAM COST OF $328,779.00; ESTABLISHING A NEW SPECIAL REVENUE PROJECT FUND, TITLED "AMERICORPS FINANCIAL LITERACY 2018-2019 PROGRAM"; FURTHER AUTHORIZING THE CITY MANAGER TO EXECUTE THE GRANT AGREEMENT, IN SUBSTANTIALLY THE ATTACHED FORM, AND ANY AND ALL OTHER NECESSARY DOCUMENTS, APPLICATIONS, RENEWALS, EXTENSIONS, REIMBURSEMENTS, AND MODIFICATIONS, IN A FORM ACCEPTABLE TO THE CITY ATTORNEY, TO IMPLEMENT THE ACCEPTANCE OF AND COMPLIANCE WITH SAID GRANT, FOR THE PERIOD COMMENCING AUGUST 1, 2018 THROUGH JULY 31, 2019. WHEREAS, the City of Miami's ("City") Department of Grants Administration ("Department") has been awarded a grant from the Corporation for National Community Services ("CNCS") for the City's Americorps Financial Literary Program ("Program") in an amount not to exceed $147,441.00 ("Grant") for the period commencing August 1, 2018 through July 31, 2019; and WHEREAS, as part of the Grant, the City is required to provide an in-kind services match in the amount of $181,338.00 ("In -Kind Match") for a total Program cost of $328,779.00; and WHEREAS, the Program is a coordinated effort to affect and improve the self-sufficiency of low/moderate income working families by increasing their financial education and literacy which is fundamental to economic prosperity and success; and WHEREAS, the implementation of the Program will further the City's efforts to provide residents with the opportunity to reach financial self-sufficiency and expand on previously established financial educational programming that enables City residents to improve their quality of life; and WHEREAS, the Program will place twenty (20) part-time AmeriCorps members at four (4) Miami -Dade College campuses to provide one-on-one financial literacy coaching; and WHEREAS, the AmeriCorps members will aid students in developing budgeting skills such as assessing their personal needs and goals, creating a personal budget, reviewing spending habits, and working towards financial stability; and WHEREAS, the targeted result of the Program is to provide one-on-one financial literacy coaching to one hundred fifty (150) Program participants by the end of the Program year; NOW, THEREFORE, BE IT RESOLVED BY THE COMMISSION OF THE CITY OF MIAMI, FLORIDA: Section 1. The recitals and findings contained in the Preamble of this Resolution are adopted by reference and incorporated as if fully set forth in this Section. Section 2. The City Manager is authorized' to accept a Grant in an amount not to exceed $147,441.00 from CNCS for the Program and to appropriate the City's in-kind services match in the total amount of $181,338.00 for a total Program cost of $328,779.00. Section 3. The following new Special Revenues Project is established and resources are appropriated as described below: FUND TITLE: The Americorps Financial Literacy 2018-2019 Program RESOURCES: Corporation for National Community Services $147,441.00 City of Miami's In -Kind Match APPROPRIATIONS: $181,338.00 $328,779.00 Section 4. The City Manager is further authorized' to execute the Grant Agreement, in substantially the attached form, with CNCS for the period commencing August 1, 2018 through July 31, 2019, and to negotiate and execute any and all other necessary documents, amendments, extensions, and modifications, in a form acceptable to the City Attorney, to implement the acceptance of and compliance with the Grant. Section 5. This Resolution shall become effective immediately upon its adoption and signature of the Mayor.2 APPROVED AS TO FORM AND CORRECTNESS: 1 i ria i "ndez, City Attor iey 10/11/2018 ' The herein authorization is further subject to compliance with all requirements that may be imposed by the City Attorney, including but not limited to, those prescribed by applicable City Charter and City Code provisions. 2 If the Mayor does not sign this Resolution, it shall become effective at the end of ten (10) calendar days from the date it was passed and adopted. If the Mayor vetoes this Resolution, it shall become effective immediately upon override of the veto by the City Commission.