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Finance committee outlines revisions to nonprofit donation policy; draft to go to full board
Summary
The finance committee vetted a rewritten nonprofit charitable donations policy that would accept Form 990s rather than audits, set application timing tied to available funds, create priority tiers and caps, and convert city payments to a reimbursement model.
The finance committee reviewed a revised draft of the city’s nonprofit charitable donation policy and directed staff to return the document to the full board as part of the ordinance process.
Major draft changes include accepting an organization’s most recent Form 990 in lieu of a third-party audit; moving the application submittal period to open on July 1 in years funds are available;…
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