Distribution of Grant Funding Policy

Windsor, Ontario

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Distribution of Grant Funding Page 1 of 5 THE CORPORATION OF THE CITY OF WINDSOR POLICY Primary Owner: Finance - Financial Planning Policy No.: CS.A2.03 Secondary Owner: n/a Approval Date: Nov 5, 2018 Approved By: CR587/2018 Subject: DISTRIBUTION OF Effective Date: Immediate GRANT FUNDING Procedure Ref.: n/a Review Date: Nov 2023 Pages: 5 Date: Nov 5, 2018 Prepared By: A. Varsa - Finance Replaces: Jan 21, 2013 (M20/2013) 1. PURPOSE 1.1. To ensure that payment of, approved, grant funding only occurs upon the receipt of a duly authorized 'Letter of Understanding'. 1.2. To ensure, approved, grant funding is distributed in accordance with payment schedules provided by budgetary or alternative resolutions. 2. SCOPE 2.1. This policy applies to all non-statutory grant funding provided by the City of Windsor to external third party applicants. 2.2. Exclusion from this policy: 2.2.1. Grant requests that are subject to separate review and consideration under the City's Waiver of Fees & Grant Funding Policy or Ward Fund Policy. 3. RESPONSIBILITY 3.1. The City Council is responsible to: 3.1.1. Approve all grant funding to third parties. 3.2. The Chief Financial Officer (CFO)/City Treasurer or designate is responsible to: 3.2.1. Develop and maintain business processes and procedures that facilitate the release of grant funds in accordance with this policy 3.2.2. Ensure the payment of, approved, grant funding is in accordance with approved budget, Council resolution or Council interim budget resolution. 3.2.3. Request and obtain, signed, Letters of Understanding prior to the payment of approved funds. 3.2.4. Distribute and communicate this policy to all stakeholders including funding applicants. 3.2.5. Direct the review of this policy, at a minimum, every five (5) years, and recommend updates as required. 4. GOVERNING RULES AND REGULATIONS 4.1. Approved grant funding may only be released upon the receipt of a signed (by a duly authorized representative) Letter of Understanding from the funded agency. Distribution of Grant Funding Page 2 of 5 4.2. Release of payment for approved grant funding must be in accordance with amount(s) defined in the approved budget, interim budget, or alternative Council resolution. 4.3. Original, signed, Letters of Understanding are a commitment document to be retained, in Finance, in accordance with the City's Schedule of Retention Periods for Records By-Law. 5. REFERENCES & RELATED DOCUMENTS 5.1. Letter of Understanding - Grant Funding (Sample - Attachment A) 5.2. Waiver of Fees and Grant Funding Policy 5.3. Ward Fund Policy Distribution of Grant Funding Page 3 of 5 ATTACHMENT A Distribution of Grant Funding Page 4 of 5 Distribution of Grant Funding Page 5 of 5