Label
FAFSA GRANT
Office of the Mayor
Catherine Crosby ext. 1007
Title
Authorizing the Mayor to accept a FAFSA Initiative Grant in the amount of $30,000 for the purpose of dispersing the funds to Toledo Public Schools (TPS) for their FAFSA Program; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
This ordinance authorizes the acceptance of the FAFSA Initiative Grant. The $30,000 grant will be used to fund the TPS FAFSA Program that will increase the TPS FAFSA completion rate to 68% for the Class of Spring 2021, and 75% for the Class of Spring 2024. The action plan is to increase FAFSA awareness with family and students, increase and maximize the FAFSA forms completed and data collection and reporting.
The fiscal impact of this ordinance is as follows:
- The amount of funds requested: none
- The expenditure budget line item: 1001 10200 537400 1181001STDSTD
- New revenue generated (operational revenue, grants, if any): none
- Revenue budget line item (if any): 1001 10200 408990 1181001STDSTD
- Are funds budgeted in the current fiscal year (yes/no)?: yes
- Is this a capital project (yes/no)? no
- If yes, is it new or existing (new/existing)? N/A
- What section of the City's Strategic Plan does this support:
o Excellence in Basic Services (yes/no) yes
o Quality Community Investment (Livable City, Development) (yes/no) yes
o Workplace Culture & Customer Service (yes/no) no
o Environment (yes/no) no
Summary
NOW, THEREFORE, Be it ordained by the Council of the City of Toledo:
SECTION 1. That the Mayor is authorized to accept and deposit the FAFSA Initiative Grant in the amount of $30,000 into the General Fund account code 1001-10200-1181001STDSTD for the purpose of dispersing the funds to TPS for the FAFSA program.
SECTION 2. That the appropriation of $30,000 is authorized from the General Fund to Account Code 1001-10200-1181001STDSTD and the expenditure of same is authorized to disperse the FAFSA Initiative grant to TP...
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