TO: CRA Board of Commissioners
FROM: Lori Hayward, Finance and Operations Director
THROUGH: Jeff Costello, CRA Executive Director
DATE: August 15, 2018
Title
FY 2018-19 CRA A-GUIDE FUNDING REQUEST
GREATER DELRAY BEACH CHAMBER OF COMMERECE
Body
Recommended Action:
Recommendation
Direct staff to include funding for the Chamber in the CRA’s FY 18-19 Budget in the amount of $62,250.
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Background:
The Chamber applied for CRA A-GUIDE Funding for FY 2018-19 under the category of Economic Development for their Business Incubator.
Funding Request Amount: $62,250
Organization Total Budget: $1,194,463
CRA Funds - Percentage of Budget: 5%
Amount of A-GUIDE funding established: first submission for A-GUIDE funding
Program: “A” Business Incubator
Requesting Amount: $62,250
Program Budget: $75,000
Percentage of Program Budget: 72%
This year’s Funding Evaluation Committee consisted of CRA Executive Director Jeff Costello, CRA Finance and Operations Director Lori Hayward, and Assistant City Manager Caryn Gardner-Young. The Committee rated the application package based on the established A-GUIDE criteria. Criteria used in review of the application were grouped into six categories weighted to total 100% as follows:
Organization Capacity 20%
Need for Project/Program 20%
Project/Program Description 10%
Logic Model 20%
Evaluation Plan 10%
Budget & Sustainability 20%
The Application Evaluation Form has six categories and the majority of the items are rated on a scale of 1 to 5 (worst to best possible response) with an exception of two items. The two items are scored as follows:
1. Organizational Capacity- Demonstrated experience/success with similar programs/project is rated on a scale of 1 to 15 (worst to best possible response). The importance of the success of the organizations prior year goals that were established for the programs/projects funded by the CRA A-GUIDE grant funding was emphasized with additional points.
2. Logic Model/Projected Results- Stated program/project goal clear and relevant to CRA Overall Need is rated on a scale of 1 to 10 (worst to best possible response). The importance of the program/project goal being relevant to CRA Overall Need was emphasized with additional points.
The outcome of the committee’s review is as follows:
1909 Accelerator Evaluation Score: 73%
In addition to the attached Application Evaluation Form and budget forms, the following documents are available upon request:
A-GUIDE Application
Strategic Plan
IRS Form 990
Audited Financial Statements
The Chamber’s President and CEO Jeb Conrad will be at the meeting to make a presentation.
Attachments: Exhibit A - Application Evaluation Form; Program/Project Logic Model; Funding Evaluation Plan; CRA Combined Budget Form; CRA Program/Project A Budget Narrative Form; FY 18-19 Goals & Outcomes Report.