RIOC Governance Committee Discusses NY State Authorities Budget Office Policy Guidance And Distribution Of Roosevelt Island Public Purpose Funds - RIOC Tries To Thread Needle Between Complying With Law And Serving Roosevelt Island Community Needs

Image From NY State Authorities Budget Office

As reported yesterday the Roosevelt Island Operating Corp (RIOC) Governance Committee met last evening to discuss the January 13, 2015 NY State Authorities Budget Office (ABO) Policy Guidance regarding:

... distribution by RIOC of Public Purpose Funds to Roosevelt Island non profit organizations.

In response to my question, RIOC Director Margie Smith answered that RIOC has not received any written instructions from the NY Governor's Office or ABO about the distribution of Public Purpose Funds but believes that the Roosevelt Island Youth Program will receive funding. RIOC President Charlene Indelicato added that RIYP will be funded by RIOC through the end of the year at which time RIOC will probably issue a Request For Proposals for Youth Services.

RIOC does not know if it will be able to distribute funds to Roosevelt Island organizations that have applied for 2015 Public Purpose Funds through the RIRA vetting process.

RIOC Directors discussed the possibility of alternative funding sources for Roosevelt Island non profits organizations including private groups such as Roosevelt Island building owners....

Here's video of the full meeting.

Part 1.



Part 2.



Part 3.



An audio web cast of the meeting from RIOC is here.