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Finance proposes grant-monitoring agreement to increase transparency on city-funded grants
Summary
Finance staff proposed a grant-monitoring agreement that would require recipients of city-funded grants to sign covenants, provide performance and financial reports, maintain required insurance and retain records for three years.
Finance staff presented a proposed grant-monitoring agreement the city would apply to recipients of city-funded grants and contributions. The proposed covenants would require recipients to use funds only for approved program purposes (not personal expenses), maintain good standing with the state and Franchise Tax Board, carry insurance as appropriate for the program, provide a performance report summarizing attendance and…
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