Finance Item/Grant Request Template
Date Submitted: 10-22-21
Requesting Agency: Finance
Division:
Subject Matter Expert Name:
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Name: Rachel Bardin |
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Email: Rachel.Bardin@denvergov.org |
Item Title & Description:
(Do not delete the following instructions)
These appear on the Council meeting agenda. Initially, the requesting agency will enter a 2-3 sentence description. Upon bill filling, the City Attorney’s Office should enter the title above the description (the title should be in bold font).
Both the title and description must be entered between the red “title” and “body” below. Do not at any time delete the red “title” or “body” markers from this template.
title
A bill for an ordinance establishing a new Fund in the Community Development Special Revenue Fund Series for the “HOST Performance Contracts” program.
Establishes the “HOST Performance Contracts” Special Revenue Fund in the Community Development Special Revenue Fund Series to support performance-based contracts that measurably improve the lives of people most in need. The Committee approved filing this item at its meeting on 11-2-21.
body
Affected Council District(s) or citywide? Citywide
Executive Summary with Rationale and Impact:
Detailed description of the item and why we are doing it. This can be a separate attachment.
This bill request establishes the “HOST Performance Contracts” Special Revenue Fund, number 16814, in the Community Development Special Revenue Fund Series. Starting in 2022, this fund will administer performance-based contracts that support initiatives aimed at measurably improving the lives of people most in need by driving resources towards better, more effective programs. Performance-based contracts pay more when the providers meet established performance success criteria and achieve program goals. The current program provides housing and supportive case management services to homeless individuals who frequently use the City’s emergency services, including police, jail, the courts, and emergency rooms. The program was previously administered by the Department of Finance in the Social Impact Bond Fund. The Department of Housing Stability will administer the program and serve as the expending authority for this new fund starting in 2022. The Fund will be appropriated and non-lapsing. Revenue to this fund will be General Fund transfers and an initial transfer from the prior Social Impact Bond Fund (11863).
Type (choose one: Grant; Supplemental; Fund Creation; Fund Rescission; Fund Transfer; Appropriation; Other):
Amount:
Budget Year:
Fund and Funding Source (Fund/Org/Grant Number, if applicable):
Grantor (if applicable):
Fund Matching Requirements (if applicable):
Fiscal Impact: