File #: 23-90 CRA    Version: 1 Name:
Type: CRA Board Action Status: Agenda Ready
File created: 4/14/2023 In control: Community Redevelopment Agency
On agenda: 4/25/2023 Final action:
Title: BOARD DIRECTION - FISCAL YEAR 2022-2023 A.-G.U.I.D.E. Q1 REPORT FOR EXPANDING & PRESERVING OUR CULTURAL HERITAGE - SPADY MUSEUM
Attachments: 1. Agenda Cover Report, 2. Exhibit A - A-GUIDE Q1 Report FY2022-2023 - EPOCH-Spady, 3. Exhibit B - Current Financial Info, 4. Exhibit C - A-GUIDE Guidelines FY 2022-2023
Date Ver.Action ByActionResultAction DetailsMeeting DetailsVideo
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TO: CRA Board of Commissioners
FROM: Alexina Jeannite, Community Engagement Director
THROUGH: Renée A. Jadusingh, Esq., Executive Director
DATE: April 25, 2023

Title
BOARD DIRECTION - FISCAL YEAR 2022-2023 A.-G.U.I.D.E. Q1 REPORT FOR EXPANDING & PRESERVING OUR CULTURAL HERITAGE - SPADY MUSEUM

Body
Recommended Action:
Recommendation
Board direction concerning the disbursement of the Fiscal Year 2022-2023 A.-G.U.I.D.E. Q1 Funds for Expanding & Preserving Our Cultural Heritage - The Spady Museum (EPOCH-Spady) in the amount of $27,250.

Body
Background:
Expanding & Preserving Our Cultural Heritage (EPOCH-Spady) is a current Fiscal Year 2022-2023 A-G.U.I.D.E. Nonprofit Partner, and its Museum Programming (Exhibits, Education, Programs and Archives) addresses the Recreation & Cultural Facilities “Overall Need” identified in the Community Redevelopment Plan and A-G.U.I.D.E. Funding Framework.

As an A-G.U.I.D.E. Nonprofit Partner, EPOCH-Spady is required to submit a quarterly report of its programming and financial status in order for A-G.U.I.D.E. grant funds to be disbursed. Upon review of EPOCH-Spady’s first quarter report (Q1), the Combined Budget Report showed that CRA funding made up 62% of the organization’s total funding.

Per A-G.U.I.D.E. Guidelines, “CRA support may not exceed 25% of an organization’s total operating budget for the year in which the grant is requested, unless otherwise approved by the CRA Board”. In a follow-up discussion with EPOCH-Spady, staff indicated the reason for this was that certain committed funds/grants had not yet been received, but that funds were anticipated to come in soon. In preparation for the April CRA Board Meeting, CRA Staff requested a current Combined Budget Form to assess EPOCH-SPADY’s position to-date. As of 4/18/2023, the Combined Budget Form was still showing that CRA funds would make up more than 25% of the organization’s total funding.

Because the original Q1 financial report was not in compl...

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