Wednesday, April 22, 2009

RIOC Approves RIRA Recommendations For Roosevelt Island Public Purpose Funds

Pile of Money Image from KR Connect

After tabling the resolution concerning allocation of Roosevelt Island Public Purpose Funds at their last Board of Directors meeting, the RIOC Board approved the same RIRA recommendations for the funds allocations during a meeting this morning. At the suggestion of Board Member Christian, an amendment was added to the Public Purpose Funds approval resolution that the RIOC Board will revisit the process by which these funds are allocated prior to next year's allocation.

The allocations made by RIRA and approved by RIOC are as follows:
$0 Child School
$36,000 Island Kids
$20,000 Life Frames
$0 Orphans International
$10,000 RICLA
$4,000 RI Day Nursery
$25,000 RI Disabled Association
5,000 RI Seniors Association

with the following rationale:

- The applications were scored based upon the established criteria.

- Some proposals (Child School, Orphans International) were excluded because they did not provide significant direct benefit to Roosevelt Island residents.

- The highest ranked proposals (Island Kids, RI Disabled Association, RI Seniors Association) were considered first and given highest priority in their funding.

- The next highest ranked proposals (Life Frames, RICLA) were considered and given second priority in funding.

- The remaining proposals (RI Day Nursery) were considered and given third priority in funding.
The RIOC Board made the right decision as did RIRA with the funding allocations. It is a very difficult task to allocate a limited amount of funds in a very short period of time among competing Island organizations. However, the criteria established by RIOC and implemented by RIRA was proper and fair despite some acknowledged shortcomings with perceived conflicts of interest among RIRA committee members which will hopefully be addressed by next year.

The webcast of today's RIOC Board Meeting on allocation of Roosevelt Island Public Purpose Funds is available for viewing for those interesting in watching the proceedings.