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AMP staff warns reserves nearly depleted; commission schedules workshop to set grant limits
Summary
Staff told the commission recent allocations used nearly all reserves and recommended setting caps or withholding grants; commissioners agreed to a workshop July 24 to update bylaws and set grant limits ahead of an August application deadline.
Commission staff warned that the commission has repeatedly allocated projected revenue plus fund balance in recent funding cycles, depleting reserves and exposing the body to shortfalls unless it alters its approach.
"We're quickly depleting any fund balance, any reserves that there are," Tyler told the commission, urging members to consider either not awarding…
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