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LCUAS board creates restricted Foodtown fund, eyes grant support for events
Summary
Board approved creating a restricted fund to hold sponsorship monies for the Foodtown program (about $5,000 received, $9,000–$10,000 expected), and agreed to a committee approach to plan events and allocate those funds.
The Laredo Center for Urban Agriculture and Sustainability board voted to place incoming sponsorships for the Foodtown program into a restricted fund to ensure those dollars are used only for Foodtown programming.
The body chair proposed designating sponsorship revenue for Foodtown and separating it from general operating funds: “I’d like to put it into a Foodtown restricted account so that it's used for Foodtown,” the chair said during the discussion. The board recorded that $5,000 had already been received and estimated total incoming sponsorships in the $9,000–$10,000 range. Two grant applications were also noted: the Laredo Area Community Foundation ($5,000) and the Laredo Outdoor Spaces and Support Grant ($5,000), both pending.
Board members approved a motion to create a restricted fund or accounting category for sponsorship monies and discussed forming a small Foodtown committee to plan events and manage the funds. The committee will coordinate receipts and ensure expenditures align with Foodtown programming, including workshops and a planned farmers market. The executive director also noted ongoing fundraising and a planned Christmas workshop; the board requested receipts and a clearer fundraising accounting for future reports.
The board did not set a formal spending schedule for the restricted fund in this meeting; committee review and finance-committee oversight were discussed as next steps.
