DATE: August 23, 2019
TO: Board of Mayor and Aldermen
FROM: Eric Stuckey, City Administrator
Kristine Brock, Assistant City Administrator/CFO
SUBJECT:
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FY 2019-2020 Non-Profit Funding Agreements
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Purpose
The purpose of this memo is to provide information to the Franklin Board of Mayor and Aldermen (BOMA) concerning the reporting of signed funding agreements for non-profit agencies and entities for FY 2019-2020.
Background
Each year through the budget process, the City of Franklin, Tennessee appropriates an amount of money to non-profit, charitable or volunteer organizations. State law (T.C.A. 6-54-111) requires that the governing body and the entity receiving taxpayer funding enter into a formal agreement and provide appropriate documentation of financial standing. This item simply reports out that agreements have been reached and signed for 16 different agencies:
- ARC
- Boys and Girls Club
- Bridges
- Community Child Care
- Community Housing Partnership
- Franklin Tomorrow
- Graceworks
- Gentry’s Education Center
- Mid Cumberland Housing Partnership
- Regional Transportation Authority
- Second Harvest
- Sister Cities of Franklin
- Tennessee Rehabilitation Center at Franklin
- Transit Alliance
- WAVES
- Williamson County Chamber of Commerce (2)- Business Retention and Tourism
Financial Impact
The total amount of money being distributed via these agreements in FY 2020 is $276,100.
Recommendation
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Staff recommends acknowledgement of these agreements as being executed by the City Administrator. No action is necessary.