HomeMy WebLinkAboutFY26 LA2A BBBS ResponsesNovember 22, 2024
FY26 Legacy Aid to Agencies
HCDC Question and Answer (Q&A) Session
Instructions
The Q&A session provides an opportunity for commissioners and staff to ask clarifying
questions about the applications submitted through United Way. Please provide written
responses to the questions below. Written responses must be received by City staff no
later than December 6, 2024. This process is intended to gather the information
required to accurately score submissions. Written responses can be directed to Brianna
Thul at bthul@iowa-city.org or dropped off at City Hall (410 E Washington Street).
All information related to this grant will be posted at www.icgov.org/grants. The Housing
and Community Development Commission will hold a meeting on January 27th, 2025,
at 6:30pm in City Hall to develop funding recommendations for City Council. This
meeting is open to the public and applicants are welcome to attend to hear the
conversation. The meeting will also be recorded and posted online for those unable to
attend.
Agency:
Big Brothers Big Sisters
Questions:
1. Is the operating deficit in the budget accurate?
We use our operating reserves from year to year to cover deficits.
For FY23 = $52,759 deficit a result of a 10th FT position that was necessitated
due to COVID recovery. As a temporary measure we hired a FT position to
accelerate volunteer recruitment which had taken a nose-dive during COVID
years. The position had an end date of July 2023 and the intent was not to re-
hire therefore allowing for budget recovery in FY24. At the end of FY23 we had
operating reserves of $187,967.
For FY25 projected = $20,047 still trying to determine the full costs of new
administrative and infrastructure expenses due to the move from “sponsored
agency” to independence. Although FY24 we were able to assume those costs,
it was just a 6-month timeframe, and we were grateful to the response from our
appeal to the community including emergency funds from the City of Iowa City.
We continue to operate with reserves of up to 3+months and project to expand
those reserves with a successful Bowl for Kids’ Sake event February/March.
2. Applicant became an independent nonprofit in January. Does the applicant have
a current profit and loss statement from January 2024 to present available?
(see attached)