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Budget & Finance Committee

Meeting Time
3rd Tuesday of the month at 6:30PM

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Roster

Board member Chair: David Hunter (Treasurer)

Board Committee Members: Mansoor Khan, Connie Acosta, James Hughes

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The Budget and Finance committee oversees all expenditures and accounts managed by the Echo Park Neighborhood Council. We are charged with managing the EPNC budget to ensure that it stays healthy and productively uses the funding provided to us by the City.

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How We Spend Money

EPNC expenditures take place mainly through four different channels:

  • Annually-budgeted office expenses (storage and meeting space rental, website hosting, etc.)

  • Outreach activities (flyers, promotional items, EPNC events, etc.)

  • Community Improvement Projects (CIPs)

  • Neighborhood Purpose Grants (NPGs)

 

Almost all expenditures originate in EPNC committees. For example, the Outreach Committee makes a motion to earmark $500 for Echo Park cookbooks. That motion is then brought to the Budget and Finance Committee for review and approval. After determining that it fits the necessary requirements and is within the EPNC annual budget, the BFC approves the motion and sends it on to the Board of Governors meeting for final approval.

 

Community Improvement Projects are a tool for the EPNC to embark on projects associated with beautification and capital improvement projects on public places within Echo Park, such as street medians, parkways landscaping, neighborhood markers, street furniture, murals, tree plantings, graffiti abatement, community gardens, capital improvements on recreation centers, libraries, parks, fire stations, etc. CIPs require approval from the Department of Neighborhood Empowerment (D.O.N.E.) before they can be undertaken.

 

Neighborhood Purpose Grants are a way for the EPNC to support and build partnerships with local public-benefit organizations such as 501(c)(3) nonprofits and public schools. Any such organization can submit an application to request NPG funds to aid in completing specific projects or activities. Submit your application to the Schools, Libraries, Community Organizations Committee. 

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NPG Application Process

1) Review the EPNC Neighborhood Purpose Grant Guidelines

2) Complete the following documents:

  • Neighborhood Purpose Grant Application, completed and signed

  • Project Budget, on a separate sheet if the space provided in application form is not sufficient

  • If you are a non-profit 501(c)(3), your IRS Letter of Determination

  • If you are a public school, a letter on official school letterhead, signed by the school Principal

3) Submit your documentation to the Community Organizations and Schools Committee for them to review and put on their meeting agenda for discussion and possible action. Be mindful that it can take up to 90 days for the entire process (from application to receiving funding) to be completed.

 

A complete explanation of the NPG process can be found here

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