CAPITAL PROGRAM
Contact: Mark Scott
718 286 2826
mscott@queensbp.org
The New York City Charter mandates
that each Borough President receive a capital allotment
based upon a formula incorporating land mass, population
and the City’s total capital budget.
Commencing
in the early part of March, the Borough President’s
first part of her Capital Discretionary program will
begin, as per section 211 of the New York City Charter.
After the Mayor’s Executive Budget is released, sometime
in early April, the Borough President will initiate
the second part of her allocation process, as per section
249 of the Charter. The Executive process of the Capital
budget, or the 249 process, is the allocated difference
from the 211 process.
The City Council then deliberates
on the budget in May/June and the new budget year begins
on July 1.
Any City agency is eligible to
receive capital dollars. Other applicants must be community-based,
not-for-profit groups or organizations with documented
tax-exempt status pursuant to Section 501(c)(3).
ELIGIBILITY OVERVIEW:
Applicant Eligibility for Proposed
Projects on City Owned Property
(not including CIGs
or other property leased from the City):
- Applicants
must be a non-profit organization (excluding PTAs),
City Agency or School.
Project Eligibility:
To be considered for capital funding, the proposal
must meet the following basic standards set forth
in the New York City Comptroller’s Directive 10, “Charges to the Capital Projects Fund”:
- Projects must be tangible property or other assets with a multi-year life.
- Project cost must be $35,000 or greater.
- The expected useful life of the project must
be a minimum of five (5) years.
- In addition,
the New York City Charter and local Finance Law
also govern the Capital Projects Fund.
APPLICATION PROCESS:
Applicant Eligibility for Proposed Projects
on Non-City Owned Property:
- Applicants must
be community-based, not-for-profit groups or
organizations with documented tax-exempt status
pursuant to Section 501(c)(3) of the Internal
Revenue Service Code.
- Such
organizations must also have an operating contract
with a City agency.
- Certain exceptions apply,
please refer to the guidelines for full explanation.
Project Eligibility:
- Purchases of equipment must have a minimum
City contribution of $250,000.
- Construction
projects must have a minimum City Contribution
of $500,000.
- Cultural Projects must be first
prequalified by the Department of Cultural
Affairs. Use the Short Form to get prequalified before
filling out the long form.
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