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Financial Performance and Budget Committee
April 8, 2022
GRANTS AND RESOURCE
DEVELOPMENT UPDATES
Office of the City Manager
RiversideCA.gov
2 BACKGROUND
Envision Riverside 2025 Strategic Plan:
Goal 5.4 of the High Performing
Government element is a mandate to,
“achieve and maintain financial health by
addressing gaps between expenditures and
revenues…”
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3 1. Initiatives to grow revenue through expanded grant activities:
1. Updated Grant Administration Policy - New Policy looks at higher initial approval thresholds for grant applications and the concept of a Citywide indirect cost rate for larger grants.
2. Grant Writing Assistance Pool - Pool of as-needed assistance to complete timely and technical funding applications where expertise does not exist in-house.
3. Infrastructure Investment and Jobs Act (IIJA) - $1.2 trillion in existing appropriations and new funding.
Cross Departmental analysis of potential
projects as a way to initially match funding NOFA’s with ready projects.
4. State Budget - Once again projected to have a surplus. Working to get City projects included for consideration of budgetary earmarks.
5. City Naming Rights Policy - Revisiting the policy for a post-Covid advertising world.
GRANT UPDATES
RiversideCA.gov
4 STRATEGIC PLAN ALIGNMENT
Envision Riverside 2025 Strategic Plan Priorities:
Cross-Cutting Threads:
High Performing Government
Community Trust
Equity
Fiscal Responsibility
Innovation
Sustainability &
Resiliency
Increased funding to benefit a diverse
population.
Maximizing grants to alleviate pressure on
the General Fund.
Building an innovative grants program that
builds capacity.
Creative grants, allow for a equitable
distribution of funding opportunity that can
reach populations citywide.
Building capacity to allow more
departments to apply for grants.
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5 That the Financial Performance and Budget Committee:
Receive and file a report regarding grants resource development updates from the Office of the City Manager.
RECOMMENDATION
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