Fund­ing pol­icy ap­proved by CBRM coun­cil

Cape Breton Post - - BUSINESS -

SYD­NEY — A pol­icy aimed at stream­lin­ing fund­ing ap­pli­ca­tion re­quests by com­mu­nity events, fes­ti­vals and or­ga­ni­za­tions to the Cape Bre­ton Re­gional Mu­nic­i­pal­ity was ap­proved by coun­cil at its monthly meet­ing, Tues­day.

CBRM fi­nance di­rec­tor Marie Walsh said the new ap­proach sep­a­rates groups into an­nual fes­ti­vals and spe­cial events, and a sus­tain­abil­ity fund for com­mu­nity or­ga­ni­za­tions. A staff com­mit­tee will be set up to re­view applications on a monthly ba­sis.

Walsh said mak­ing groups give the CBRM a copy of their fi­nan­cial state­ments will bring more ac­count­abil­ity to the process.

She said groups that don’t qual­ify for fund­ing can ap­peal within 30 days to the chief ad­min­is­tra­tive of­fi­cer.

Fes­ti­vals and events will have an an­nual bud­get of $600,000, while the sus­tain­abil­ity fund will pro­vide $900,000 for or­ga­ni­za­tions. At the end of the year, any money left in ei­ther fund would be com­bined and would be­come avail­able for ei­ther pur­pose, she said.

Applications in ex­cess of $5,000 would also re­quire a state­ment set­ting out the “es­ti­mated eco­nomic im­pact” as­so­ci­ated with the fes­ti­val or event, the pol­icy stated.

The recre­ation depart­ment will be able to fund groups to a max­i­mum of $1,000 without the prior ap­proval of the staff com­mit­tee.

The new pol­icy ex­cludes fund­ing to vol­un­teer fire de­part­ments and the Cape Bre­ton County Eco­nomic De­vel­op­ment Au­thor­ity.

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