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Item # 4.e.

City Council (FY24)

Meeting Date:	10/24/2023
Department:	Finance
Pillars:	Gold Standard in Financial Health

AGENDA CAPTION:

Consider action on a Resolution approving a Grant Funding Agreement between the Town of Addison and Outcry Theatre and authorizing the City Manager to execute the Grant Funding Agreement in an amount not to exceed $2,500.

BACKGROUND:

Town staff has developed a grant funding process that allows non-profit organizations within the Town of Addison to submit a request for funds for their organization that directly enhances the Town. Town staff and Council evaluate applications for respective organizations individually. Town staff reviews all applicable financials of the non-profit organizations and verifies the organization is in good standing with both the IRS and Texas Secretary of State. To clearly reflect the impact of the grant to Addison and non-Addison residents, Quarterly Grant Reports are required by all non-profit organizations through the end of the Town's Fiscal Year. The Quarterly Grant Reports contain the non-profit organization’s goals, objectives and performance measures as identified in the Grant Uses section of the agreement. Financial statements may or may not be required, but Town staff can request them at any time.

Outcry Theatre submitted an application to the Town requesting $10,000 for Fiscal Year 2024. During the Council Budget Work Session on August 4, 2023, Council discussed grant funding allocations for multiple non-profits included in the Fiscal Year 2024 budget. During the discussion about Outcry Theatre, Council directed staff to grant Outcry Theatre $2,500. The Town has reviewed and evaluated the application and determined that the non-profit organization’s request outlined in the application is for a public purpose that directly enhances the Town of Addison.

The Outcry Theatre grant funding agreement is included as an attachment to this agenda item.

RECOMMENDATION:

Administration recommends approval.

Attachments
Resolution-Outcry Theatre FY2024