Funding as a Percentage of the Organization's Expenses
The Town will not consider any funding request in excess of 50% of the organization's total annual expenses.
This ensures that public funding is not the sole support at risk in any organization's efforts and allows the Town to provide a base leverage of at least 1-to-1. If an organization meets all program requirements and has annual operating expenses of less than $50,000, the Town may grant up to half of the organization's operating expenses or $25,000 whichever is lower.
Limited Term of Support
Applicants should understand that this grant application is for a one-time grant process as a result of the Town's access to ARPA funding. The Town is not obligated provide any funding commitments beyond this support cycle.
History of Service in the Town of Sterling
Organizations applying for support must have at least a three-year history of service in the Town. This helps ensure that applicants have been operationally viable and have a history of commitment to the Town with a proven record of accomplishment.
Size of Organization
It is the Town's assumption that larger organizations have more diverse funding and support options and that this program's support should be reserved for smaller organizations. However, this is not a requirement so long as the benefit to the Town is sufficient, as determined by the Town, to warrant funding. Any organization with annual operating expenses that is larger than $5 million, will not generally be eligible to apply.
COVID-19 Impact
The ARPA requires that any sub-recipient of funding would have to demonstrate detrimental impact from the pandemic. The application will provide an area for the submitting organization to provide their explanation of impact, whether this be estimated revenue loss due to closure, reduced capacity, reduced services, employee layoffs or reductions in grant revenues or some other explanation.