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LTAC preliminary recommendations at a glance: totals, reserves and next steps
Summary
The committee advanced a preliminary package of recommended awards that totals about $636,350 and leaves roughly $180k–$183k in reserves; no final votes were recorded—staff will refine numbers and bring a formal recommendation to council in November.
The LTAC's live spreadsheet produced a preliminary recommended total of roughly $636,350 across 15 applicants, leaving an estimated $180,000–$183,000 in reserves depending on final line‑item edits. Larissa Campbell (finance staff) ran the running tally during the meeting and confirmed the totals the committee reviewed.
There were no formal roll‑call votes recorded in the transcript; the committee instead reached preliminary consensus on allocations and asked staff to tidy formulas and prepare a final recommendation for City Council. Chair Ed Stern said he would like an on‑the‑record statement the committee can read into the council record explaining the reserve strategy. Staff will circulate the finalized spreadsheet to committee members for one last check before council presentation.
