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ILZCitvt�f <br />Louisville <br />COLORADO - SINCE 1878 <br />FINANCE COMMITTEE <br />COMMUNICATION <br />SUBJECT: <br />DATE: <br />NON-PROFIT FUNDING REQUESTS FOR 2019 & 2020 <br />NOVEMBER 19, 2018 <br />PRESENTED BY: KEVIN WATSON, FINANCE DEPARTMENT <br />SUMMARY: <br />The Recommended 2019-2020 Operating & Capital Budget includes $35,000 for <br />grants/contributions to non-profit agencies for each year. Of that amount, $5,000 is <br />reserved for the Utility Billing Assistance Program in partnership with Sister Carmen. The <br />remaining $30,000 is available for distribution as part of the Non -Profit Grant Program. <br />Staff has checked with Sister Carmen and they have approximately $7,500 currently left <br />in their Utility Billing Assistance Program account. <br />The table on the following page shows the actual grants from the City of Louisville to non- <br />profit agencies for 2015 through 2018. The final two columns contain funding requests <br />for 2019 and 2020. <br />Attached are copies of the applications received by the Finance Department. However, <br />the attachments do not include copies of the applicants' Internal Revenue Service letters <br />on 501(c)(3) status. The complete applications, with all information received from the <br />applicants, are available for review in the Finance Department. <br />Staff hopes to receive the Committee's recommendations and will then present those to <br />the full City Council for final approval in January/February. The disbursement of funds <br />will be made in February/March. <br />FINANCE COMMITTEE COMMUNICATION <br />10 <br />