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File #: 22-0806    Version: 1
Type: Bill Status: Passed
File created: 7/3/2022 In control: Finance & Governance Committee
On agenda: 8/1/2022 Final action: 8/1/2022
Title: A bill for an ordinance to make an appropriation in the "Denver Preschool Program" Special Revenue Fund. Authorizes an appropriation of $600,000 to the Denver Preschool Program Special Revenue Fund. The Committee approved filing this item at its meeting on 7-12-22.
Indexes: Zach Rothmier
Attachments: 1. BR22-0806 BMO_OCA_Denver Preschool Program_Appropriation, 2. CB22 0806_BMO_OCA_Appropriation, 3. 22 0806 Filed Bill_BMO_OCA_Appropriation, 4. 22-0806 - signed, 5. 22-0806 For an ordinance to make an appropriation in the “Denver Preschool 6 Program” Special Revenue Fund.
Finance Item/Grant Request Template

Date Submitted: 7-11-2022

Requesting Agency: Finance on behalf of Children's Affairs
Division:

Subject Matter Expert Name: Kat Jarvis/ Nikki McCabe
Email Address: Katherine.Jarvis@denvergov.org; Nikki.McCabe@denvergov.org
Phone Number:

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 to make an appropriation in the "Denver Preschool Program" Special Revenue Fund.
Authorizes an appropriation of $600,000 to the Denver Preschool Program Special Revenue Fund. The Committee approved filing this item at its meeting on 7-12-22.
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 authorizes an appropriation in the Denver Preschool Program SRF to allow DPP access to funds that have been held as reserves since the inception of the program. A companion bill request to amend ordinance 309, series of 2007, to eliminate the requirement for an unappropriated fund balance has also been submitted, which will result in freeing up the $600,000 in reserves so it can be spent on programs.

DPP is an independent nonprofit organization funded by taxes for which the City and County of Denver is financially responsible. When the Denver Preschool Program (DPP) was created in 2007, it was the first type of organization of its kind. To mitigate potential risks, the City placed conditions on DPP to minimize the effects o...

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