INTRODUCTIONS AND OVERVIEW 1 2 Review indepth information on financing strategies of interest from Meeting 4 Prioritize among the financing strategies to identify those to include in our financing plan ID: 736824
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Finance Strategies PrioritizationSlide2
INTRODUCTIONS AND OVERVIEW
1Slide3
2
Review in-depth information on financing strategies of interest from Meeting 4Prioritize among the financing strategies to identify those to include in our financing plan
Identify who would like to work on implementing each financing strategyDevelop a recommendation for how the initial Evidence2Success grant funds and matching local funds should be allocated to support prioritized programs
Goals and ObjectivesSlide4
Developing a Strategic Financing Plan
What are your financing goals?
What financial resources do you need to implement those goals?
What resources do you have?
What financing strategies will you implement?
Review priority programs and scale
Cost estimates: programs and infrastructure
Oversee development of fund map information
Finance strategies and allocation of grant
Meeting 2
Meeting 2
Meeting 3
Meetings 4, 5Slide5
4
Meeting 3: Overview of range of financing strategies and focus on Improving the Use of Existing Public FundsMeeting 4: Review full range of financing strategies and identify strategies of interest
Meeting 5 (TODAY): Prioritize finance strategies and agree on recommendation for allocation of grant dollarsMeeting 6: Revise strategies according to community board input and develop work plan
Strategic Finance Planning ProcessCommunity Board ReviewSlide6
5
Total Three Year Costs and Funding Gaps
Year 1
Year 2Year 3Program 1Total CostsProgram 2
Total CostsProgram 3Total CostsInfrastructureTotal CostsTOTAL COSTS
SECURED
FUNDING
FUNDING GAPSSlide7
6
Timeline Considerations for Year 1 Programs
Target Date to
Begin Service DeliveryDate Dollars Need to Be Secured Program 1Program 2Program 3Slide8
FINANCING STRATEGIES
7Slide9
Overview of Financing Strategies
Improving the use of existing public funds
Maximizing federal fundsAllocating state or local general fundsPublic-private partnerships
Social impact bondsDebt financingGenerating new revenueSlide10
Financing Strategies Discussion
Provide information on financing strategiesWhat programs, populations, infrastructure functions can the financing strategy support?Source of short or long-term support?
How much revenue will the strategy generate?What will it take to generate revenue? Time? Champions? For each strategyDiscuss and note opportunities in the local contextLevel of support: Do not support, support, strong supportWillingness to work to pursue financing strategySlide11
Which Strategies Should Be Part of Our Financing Plan?
For each strategy, indicate:Strong support
Support Do not support Who can help pursue strategies?Do you have knowledge, contacts, staff capacity, interest in working on strategy?Note your initials next to the strategy if you want to help implement the financing strategy.Slide12
ALLOCATION OF GRANT DOLLARS
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Goal:
Agree on a recommendation to bring to community board regarding which programs initial grant funds should supportRemember, all programs in portfolio are priority and we want to develop resources to support
all Information from program selection process as well as fiscal information will inform our discussion today
12Background: Grant Allocation DiscussionSlide14
Key Considerations: Grant Allocation Discussion
Momentum of partnership/early wins:Program that can be implemented relatively quicklyProgram where there is feasible path to reach scale target identified by community board
Program that has good prospects for other sources of support and sustainabilityProgram that is well-aligned with the outcome, risk and protective factor priorities (all selected programs align but some may hit more than others)Slide15
Process: Grant Allocation Discussion (1)
Review and discuss information on programsFiscal: Costs, resources secured, funding opportunitiesImplementation: Capacity to implement, time to implement, sustainability
Alignment: Priority level, outcomes addressed, risk and protective factors addressed Slide16
Process: Grant Allocation Discussion (2)
Participants invited to share proposalsProposals for how grant dollars should be allocated and rationaleDiscussion/questionsPolling of group regarding level of support for proposals
High level of support: Accept as recommendationLow or mixed: Further discussion and/or alternative proposalsContinue until identify proposal with high level of supportIf stuck (mixed support for alternative proposals) — vote Slide17
16
Summary of recommended financing strategies and grant allocation developed for community board and circulated to group for review
Community board review of recommended financing strategies Final planning meetingDevelop work planOnce plan developed, will move to less frequent meetings for implementation and monitoring
Next Steps Slide18