Council adopts tiered audit requirements for community support grants
Council adopted amendments to the community support grant program to create inflation-adjusted tiers for audit and review requirements (e.g., ~$40,000 threshold adjusted from a prior $25,000), with a higher tier at $300,000 that will generally require an audit.
The full story
Planning Director Cameron Dean told council the proposed resolution adjusts the grant program's audit thresholds to reflect inflation and the distribution of typical award sizes. Dean said roughly $40,000 today is equivalent to the old $25,000 threshold from 2011 and proposed a $300,000 tier for larger organizations that already undertake audits for other funders.
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