DATE: May 9, 2019
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Kristine Tallent, Assistant City Administrator
Mike Lowe, Comptroller
SUBJECT:
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Status Report of Active City Grants
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning reporting the status of active city grants.
Background
The Finance Department maintains information on the City’s active grants. At least annually, we would like to review the status of active grants with the committee.
Financial Impact
The primary financial impact is to show grants are used during their eligible period and reimbursements occur on a timely basis.
Recommendation
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Staff recommends no action from this report.