AGENDA CAPTION:
Title
Consider approval of Resolution 2023-23R, approving a funding contract with the non-profit Riparius Foundation for bookkeeping training, providing general funds (formerly CRF) in an amount not to exceed $100,000.00; authorizing the City Manager or her designee to execute the agreement on behalf of the City; and declaring an effective date.
Body
Meeting date: January 17, 2023
Department: Planning and Development Services
Amount & Source of Funding
Funds Required: 100,000
Account Number: 120-72-325-00-54517
Funds Available: Click or tap here to enter text.
Account Name: Click or tap here to enter text.
Fiscal Note:
Prior Council Action: On April 20, 2021, City Council approved Resolution 2021-67R designating categories and criteria for the use of general fund dollars made available due to the award to the City of CARES Act Coronavirus Relief Funds and partially allocating those funds. $200,000 was allocated to the San Marcos Area Chamber of Commerce for small business assistance. On December 06, 2022, City Council directed staff to move forward with reallocating half of this funding to the Riparius Foundation Quickbooks program.
City Council Strategic Initiative: [Please select from the dropdown menu below]
COVID Response
Workforce Development
Comprehensive Plan Element (s): [Please select the Plan element(s) and Goal # from dropdown menu below]
☒ Economic Development - Workforce & Education Excellence
☐ Environment & Resource Protection - Choose an item.
☐ Land Use - Choose an item.
☐ Neighborhoods & Housing - Choose an item.
☐ Parks, Public Spaces & Facilities - Choose an item.
☐ Transportation - Choose an item.
☐ Core Services
☐ Not Applicable
Master Plan: [Please select the corresponding Master Plan from the dropdown menu below (if applicable)]
Choose an item.
Background Information:
The Riparius Foundation is a non-profit arm of Splash Coworking. The proposed QuickBooks program has two major components.
First a QuickBooks ProAdvisor will train 3-5 people with bookkeeping experience to become certified in QuickBooks Online. The goal of this training and certification would be to provide the participants with the ability to work for the businesses in the second component of the program and to help them develop bookkeeping for their own business.
Second, the ProAdvisor will provide classes to 8 to 10 local business owners each quarter as an introductory class that will help them understand how to use QuickBooks Online and how to integrate it into their own businesses. Each business owner will be matched with a Bookkeeper trainee who will help them set up their QuickBooks account and will work with them for a year to make sure their data is correct and reconciled on a monthly or quarterly basis. Each business will receive one year of QuickBooks Online. At the end of the year, the ProAdvisor will meet with the business for three hours of consultation to help them transition out of the program and continue using QuickBooks for their business. Eligible businesses must be located within San Marcos and employ fewer than 26 full-time employees. They may be an established business entity or a “start-up” that is trying to establish a business presence. Administration of the program will be tracked on timesheets. A term sheet is attached with additional details about the program. Total cost will not exceed $100,000.
Council Committee, Board/Commission Action:
Click or tap here to enter text.
Alternatives:
Click or tap here to enter text.
Recommendation:
Staff recommends approving the execution of a contract with Riparius Foundation for bookkeeping training, providing General Funds (formerly CRF) in an amount not to exceed $100,000.00