Committee approves microgrant program with amendment to split disbursement 50/50 after auditor concern
After auditors raised risks of advancing 100% of microgrant funds to small nonprofits, staff outlined controls and monthly reporting; committee adopted an amendment to release 50% up front and 50% on submission of receipts, then approved the bill as amended.
The full story
Maribel Figueroa, head of PSG grant and contract compliance, described a new microgrant program aimed at making $10,000–$20,000 awards to small nonprofits that cannot operate on a reimbursement basis. The committee's auditor voiced concern about advancing 100% of funds and the city's ability to claw back misspent money. PSG staff said they will require monthly receipts and check-ins by the 15th of each month to detect problems early.
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