Label
5/3rd Donation Frederick Douglass
Neighborhoods
Amy Odum (x3647)
(Revised)
Title
Authorizing the acceptance and deposit of $10,000 from the Fifth Third Bank Community Sponsorship Program to assist the Frederick Douglass Center in expansion of operational management and board governance capacity; authorizing the appropriation and expenditure of $10,000 from the Operation Grants Fund for this purpose; and declaring an emergency.
Body
SUMMARY & BACKGROUND:
Fifth Third Bank has awarded a sponsorship of $10,000 for technical assistance to assist the Fredrick Douglass Center Board of Directors in establishing an operational management plan for the Fredrick Douglass Center, and to assist the Board in continued provision of services to the Junction Neighborhood Community. A condition of the award is for the City of Toledo to act as a fiscal agent for this award. Services to be provided to the Frederick Douglass Center Board of Directors include legal services to review bylaws, incorporation and sub-lease agreements; financial review services to include audit and account systems improvement; board governance and nonprofit management training; and matching funds for improvements to program performance management. The City of Toledo will review for award eligibility and process all expenditures from this sponsorship award, with report to Fifth Third Bank and the Board of Directors of Fredrick Douglass Center.
The fiscal impact of this ordinance is as follows:
- The amount of funds requested: $10,000
- The expenditure budget line item: Operation Grants Fund 2016-16100-5G00022STDSTD $10,000
- New revenue generated (operational revenue, grants, if any): Sponsorship Award
- Revenue budget line item (if any): 2016-16100-407400-5G00022STDSTD
- Are funds budgeted in the current fiscal year (yes/no)?: NO- new award
- Is this a capital project (yes/no)? no
- If yes, is it new or existing (new/existing)? new
- What section of the City's Str...
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