Funding policy approved by CBRM council
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.