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the One -Cent Sales Tax, as stated and recommended in the <br />memorandum of October 22, 2009. <br />WORK ORDER IS ON FILE IN THE OFFICE OF THE CLERK TO THE BOARD <br />8.P. OUTSIDE AGENCY FUNDING POLICY REVISION <br />Commissioner Solari explained that up until now, nonprofits and other organizations <br />receiving $25,000 or more from the County have been required to obtain an audit, which can cost <br />up to $10,000. This item would increase the threshold for an audit from $25,000 to $100,000. <br />MOTION WAS MADE by Commissioner Solari, <br />SECONDED by Vice Chairman Flescher, to approve <br />Alternative 1, to increase the funding threshold requiring <br />Outside Agencies to submit audited financial statements <br />from the current level of $25,000 to $100,000. <br />Commissioner Solari observed that this does not mean the agencies' finances are not <br />reviewed - it would just ensure that they do not have to expend funds which could be better used <br />elsewhere for an audit. He stressed that the $100,000 limit would apply only to the actual <br />dollars expended by the agency. <br />Chairman Davis remarked that the County has a fiduciary responsibility to make sure the <br />taxpayer's money is spent wisely, and the current Outside Agency Funding policy accomplishes <br />this because all grant requests are submitted for County approval before payment is disbursed. <br />Budget and Management Director Jason Brown elaborated on staff's Alternatives, as <br />outlined on page 184 of the backup. He also noted that the $100,000 threshold has a precedent, <br />as it is used by United Way when requiring their agencies to obtain an audit. <br />14 <br />November 3, 2009 <br />