DEPARTMENT: Human Services
DEPARTMENT HEAD: Melody Woosley
COUNCIL DISTRICTS IMPACTED: Citywide
SUBJECT:
Bank On San Antonio Program Capacity Grant
SUMMARY:
This ordinance authorizes the acceptance of a grant award of the Bank On Capacity Grant up to $25,000 from the Cities for Financial Empowerment Fund (CFE Fund) for an 18-month period from April 15, 2021 through October 14, 2022, and authorizes a budget with the use of in-kind match funds equal to 50% of the time (50% FTE) of a staff member spending time coordinating the program.
This ordinance also authorizes the Director of the Department of Human Services to initiate, negotiate, and execute any and all necessary documents and a grant contract to effectuate the acceptance of this grant, and to execute contract amendments pertaining to this contract, to include a) carry-over funds, when ascertained and approved by the funding agency through a revised notice of award; b) line item budget revisions authorized by the funding agency; c) modifications to the performance measures authorized by the funding agency and listed in the contract so long as the terms of the amendment stay within the general parameters of the intent of the grant; d) no cost extensions; e) amendments which will provide supplemental grant funds to the grant by the funding agency in an amount up to 20% of the total amount awarded to the grant; f) reimbursement increases of administrative funds for each participant served; g) amendments funding one time equipment purchases or defined program services; and h) changes in regulations mandated by the funding agency.
BACKGROUND INFORMATION:
As part of the COVID-19 Recovery and Resiliency Plan, the City of San Antonio, Department of Human Services (DHS) launched the Bank On San Antonio program officially in December 2020 to expand access to low-cost pro-consumer financial products such as: starter bank accounts, second chance bank accounts and low-cost consumer lending products t...
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