Get Prequalification Application For City Council Discretionary ... - Nyc . Gov - Nyc

Eligibility for the New York City Council varies, but generally includes non-profits, community organizations, and other entities that serve residents of New York City. These groups often need to demonstrate how their initiatives align with the city’s priorities and community needs. To navigate this process effectively, consider completing the Prequalification Application For City Council Discretionary funding, as it outlines the requirements and standards for potential applicants.

Discretionary funding means financial resources that are available for various projects at the discretion of decision-makers, such as the City Council. Unlike mandatory funding, which is allocated based on specific requirements or laws, discretionary funding allows for greater flexibility in choosing how to support community needs. If you're looking to apply for such funding, the Prequalification Application For City Council Discretionary funding on NYC is your first step toward securing these valuable resources.

A discretionary budget is an unspecified lump sum that states what the amount is for, what the maximum sum overall will be, and possibly specifies also a maximum sum per item. Discretionary budgeting is useful when the expenditure for each item is small in terms of value.

Discretionary income is money left over after a person pays their taxes and essential goods and services like housing and food. Nonessential items like vacations and luxury goods are usually paid for with funds from discretionary income. Disposable income and discretionary income are two different things.

Meaning of discretionary fund in English an amount of money that is available to spend on things that are not considered necessary but that may be useful: Governors of some states are given discretionary funds to spend on small-scale projects.

During each year's budget process, the Council and its Members assign discretionary funds to not-for-profit organizations and agency initiatives to meet needs and fill gaps in City Agency services and local projects. This funding is also called “Schedule C.”

Discretionary funding is a duly appropriated sum of money in the City's expense budget allocated to an eligible not-for-profit organization by the Council or a Member of the Council under section 1-02(e) of the rules of the Procurement Policy Board (PPB).

In a number of instances, spending choices reflect efforts to facilitate recovery through the delivery of basic services. New York City's total projected spending for FY 2024 grew slightly from the January 2020 plan to the January 2023 plan ($104.5 billion to $104.8 billion, respectively, adjusted for prepayments).