Item #2 on the Revised Scoring Rubric for Covid-19 ESG allocation focuses on an organization’s operating reserves.

Is this in an attempt to gauge an organization’s strength and ability to operate for an extended period before being reimbursed?  Or are you asking organizations to expend all their reserves before utilizing Covid-ESG funds?

The COVID ESG funds are intended to serve as emergency funds for organizations that have been significantly impacted by the COVID 19 crisis, either in terms of demand for their services, fundraising or both. To this end, the City is attempting to understand the relative need for City funding.  It is important that organizations be able to maintain at least a six-month reserve in order to provide working capital and to serve as a hedge against unexpected funding changes.  Larger liquid reserves (beyond six months) suggest that the organization may have the ability to self-fund some of the activities for which City funds are being requested, while still maintaining a healthy reserve balance.

 

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1. What is the contract term for these funds? Is it a 12-month contract? A 24-month contract? Is there a specific date that the funds must be expended by? Please provide more clarity here.
2. Item #2 on the Revised Scoring Rubric for Covid-19 ESG allocation focuses on an organization’s operating reserves.
3. If awarded funding, would the awarded amount be an amendment to a current ESG contract with the CDD; or would this be a completely new and separate contract?
4. If this would be a new contract, can you gauge how long it would take to get the contract executed and when the contract start-up meeting would happen?
5. Item #4 on the Scoring Rubric focuses on the cost of the activity per household. What tool are you utilizing to determine this statement: