8m. Presentation - South King County Fund Multi-year Grant Budget Authoriza
Item No. 8m_supp Meeting Date: November 9, 2021 Multi-Year Program Authorization Increase Request for the South King County Fund Andy Gregory, Sr. Program Manager, Environmental Engagement Request: Increase the total amount the Executive Director is authorized to execute from $2 Million to $4 Million to support a robust number of multi-year funding requests from the 2021 SKCF procurement. This increased authorization does not change the total budget for the program ($10 million over 5 years); rather, it simply allows staff to commit multi-year resources to deserving applicants. 2 Justification Multi-year funding was offered for the first time under the SKCF in 2021. For Environmental Grants, over half of applicants requested multi-year funding, for Economic Recovery Grants 85% requested multi-year funding Providing multi-year funding both reduces administrative burdens for the Port and applicants and provides increased project sustainability providing organizations with the opportunity to develop deep relationships and long-term stewardship. 3 Example Budget Request Table Environmental Grants Year 1 Year 2 Year 3 Total $343,000 $190,000 $195,000 $728,000 Example Budget Request Table Economic Recovery Year 1 Year 2 Year 3 Total $1.5 Million $750,000 $750,000 $3.0 Million 4
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