The AlburyCity Community Fund is an annual funding program to develop or improve significant community assets. Funding may be through a grant or an interest free loan (subject to a contract) or a combination of both.
Purpose
To provide a mechanism to support larger infrastructure community projects within the city. Support may be provided via financial assistance, interest free loans up to 10 years, in-kind assistance or a combination of these.
Scope and Limit
There is no limit that applies to an individual application. The overall budget for the AlburyCity Community Fund is nominated in each annual Operational Plan. Internally restricted reserves will be maintained for AlburyCity Community Fund resources not expended from the budget in a particular year and for repayments of loans. The reserve may be used in a particular year as contribution to the annual Operational Plan AlburyCity Community Fund budget.
Eligibility criteria
To be eligible to apply, you must consider the following for your program, initiatives, or project:
- It is linked to the outcomes and goals in AlburyCity’s Community Strategic Plan Towards Albury 2050, and Council’s adopted strategic plans.
- It provides community benefits beyond a specific interest group.
- Whether you have access to other funding sources or have received funding from other organisations.
- Whether you have received funding support from Council in previous years.
- That if you did receive funding support in previous years, that you have met your obligations.
- Whether you can contribute cash and/or in-kind support and the quantum of this contribution.
Things to consider before applying
The applicant must be incorporated or a registered legal entity and is not acting for private gain. The project must meet a community need. The organisation must initiate discussions with the AlburyCity Community Development team prior to submitting a formal application.
The following details should accompany the application:
- How the project links to the Community Strategic Plan, Towards Albury 2050, and other Council Strategies.
- The role and/or function of your organisation.
- The scope of works and associated plans and specifications.
- A detailed timeline of your project.
- Quotations in respect to these works.
- The overall budget of your organisation.
- Other funding sources which your organisation relies upon.
- Any shortfall in your budget and how Council funding will address this shortfall.
- Details of the organisation’s financial contribution to the project (both financial and in-kind). Note that a significant portion of the total cost of the project will need to be provided by the applicant, primarily in cash.
- Details of the organisation’s ability to manage the project and a current copy of the organisation’s financial operating statement and future cash flow.
- A written endorsement of the application from your governing body / peak body or other confirmed funding partners (where applicable).
Higher priority will be given to projects:
- where multipurpose or flexible usage is planned;
- which will be used by and are accessible to a wide cross section of the community;
- which are developed in response to identified and documented local / regional needs (for example: governing body support, master plans, management plans, business plans);
- which are supported by Council and the community;
- where work can be completed within 12 months of allocations (unless staged program has been approved)’
- where the applicants has demonstrated their long term viability through either consistent historical use of a facility, a long term tenancy arrangement or where a long term management plan is in place;
- where the applicant has demonstrated sound financial management and record keeping;
- where the applicant has provided forecasted cash flows and current cash reserves; and
- where the applicants has confirmed other funding received or being sought.
Please note that:
- If your organisation is in arrears in regard to its financial obligation with AlburyCity, your application will not be eligible.
- Applications that involve retrospective funding, maintenance costs, operational costs, administration, equipment, fittings and salaries will not be considered.
Funding recommendations will be considered as part of the 2023/2024 Council budget process. It is anticipated that recipients will be advised of the funding decision in June 2023 when the budget is formally adopted.
If you have any questions please contact our Community Development team on 02 6023 8111 or email communitydevelopment@alburycity.nsw.gov.au.
