This resolution allows the Office of the Treasurer and Tax Collector to use a $130,000 grant from Larkin Street Youth Services to provide financial coaching for Transitional Age Youth as part of the Rising Up campaign for the year 2022. The goal is to support young people in managing their finances effectively.
Resolution authorizing the Office of the Treasurer and Tax Collector to accept and expend a grant in the amount of $130,000 from Larkin Street Youth Services for the purpose of providing one-on-one financial coaching to Transitional Age Youth through the Rising Up campaign from January 1, 2022, through December 31, 2022.
How it got here
The legislation originated from a grant awarded to the Office of the Treasurer and Tax Collector to support financial coaching for Transitional Age Youth through the Rising Up campaign.
The Rising Up campaign was officially launched to address youth homelessness in San Francisco, aiming for a 50% reduction in homeless youth ages 18-24 by 2023.
Larkin Street Youth Services approved a $130,000 grant to the City and County of San Francisco to support the Office of Financial Empowerment’s Smart Money Coaching program for Transitional Age Youth.
A proposed resolution was submitted to the Board of Supervisors to authorize the acceptance and expenditure of the grant from Larkin Street Youth Services.
The Budget and Finance Committee recommended the resolution for approval to accept and expend the grant.
The Board of Supervisors adopted the resolution authorizing the Office of the Treasurer and Tax Collector to accept and expend the $130,000 grant.
The Mayor approved the resolution, finalizing the authorization for the grant.
Reconstructed from attached documents & the official record
