TO: CRA Board of Commissioners
FROM: Kim N. Phan, Legal Advisor
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: July 14, 2022
Title
FOLLOW UP - ACHIEVING GOALS USING IMPACT DRIVEN EVALUATION FUNDING AGREEMENT - OLD SCHOOL SQUARE CENTER FOR THE ARTS, INC.
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Recommended Action:
Recommendation
Update and Board Direction.
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Background:
The CRA entered into the A-G.U.I.D.E. Funding Agreement, dated October 16, 2020, with Old School Square Center for the Arts, Inc. (“OSSCA”) to provide funding to OSSCA in an amount not to exceed Seven Hundred Fifty Thousand and 00/100 Dollars ($750,000.00) to support OSSCA’s organizational operations and for the purpose of providing community programs as specified in the A-G.U.I.D.E. documents. In the first quarter of the fiscal year 2020-2021, based on the programming information OSSCA submitted to the CRA, the CRA disbursed funds in the amount of One Hundred Eighty-Seven Thousand Five Hundred and 00/100 Dollars ($187,500.00) to OSSCA (“Q1 Payment”). However, due to OSSCA’s not completing financial audits for fiscal years 2018-2019 and 2019-2020, the CRA withheld disbursement of any additional funds under the A-G.U.I.D.E. Funding Agreement in the amount of Five Hundred and Sixty-Two Thousand Five Hundred and 00/100 Dollars ($562,500.00).
Fiscal Year 2020-2021 A-G.U.I.D.E. Funding Agreement:
At the January 25, 2022 CRA Board meeting, a detailed update was provided to the Board on the status of OSSCA’s fiscal year 2020-2021 A-G.U.I.D.E. Funding Agreement. The update summarized OSSCA’s failure to provide the CRA with information and documentation previously requested and deemed necessary by the CRA to fully evaluate OSSCA’s performance, financial status, to determine if the funds are being expended in accordance with their A-G.U.I.D.E. application and A-G.U.I.D.E. Funding Agreement.
At the February 22, 2022 CRA Board meeting, the Board approved the issuance of a formal written notice of deficien...
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