HomeMy WebLinkAboutCSD-07-013 - General Provision Grant Request - Kidsability Foundation Endowment FundJ
I~TC~~R . , .
Community Services
Report To: Finance and Corporate Services Committee
Date of Meeting: February 5, 2007
Submitted By: Ann Pappert, General Manager, Community Services
Prepared By: Renate Willms, Supervisor of Administration (ext. 2395)
Ward(s) Involved: All
Date of Report: January 22, 2007
Report No.: CSD-07-013
Subject: GENERAL PROVISION GRANT REQUEST - KIDSABILITY
FOUNDATION ENDOWMENT FUND
RECOMMENDATION:
That a general provision grant in the amount of $75,000 not be approved for the
KidsAbility Foundation's Endowment Fund.
REPORT:
The Community Services Department has received a grant application from the KidsAbility
Centre for Child Development for a contribution of $75,000 towards the KidsAbility Foundation's
endowment fund. The interest earned from this fund is intended to provide a stable, yearly
income to ensure that the organization can continue to provide services to children with
disabilities including therapy, medical services, education and specialized clinics.
The City of Waterloo contributed $25,000 in 2006 to the endowment fund. KidsAbility has not
yet applied for funding for the endowment fund from the cities of Cambridge and Guelph, but
have indicated that they plan to do so in 2008.
While staff believe that the services provided by the organization are valuable to the community,
we are not in a position to recommend approval of the grant request. The City generally
provides grants to organizations providing municipal services, primarily recreational, cultural,
environmental and community-related activities. Grants for health care related or social
programs will generally not be considered. The services provided by the KidsAbility Centre for
Child Development are health care related and not a core municipal responsibility.
FINANCIAL IMPLICATIONS:
The existing capital grant account has unallocated funding of $35,000 remaining. This capital
account has no future funding allocated in the City's existing 10 year capital forecast.
Report No. CSD-07-013
Page 2
The 2007 general provision grant budget is $100,000. A total of $18,500 has been pre-
committed for grants, leaving a balance of $81,500. If the grant is approved and funded through
the 2007 general provision grant account, the 2007 general provision grant account will be
reduced accordingly.
COMMUNICATIONS:
The grant applicant has received a copy of this report.
Renate Willms
Supervisor of Administration
AP