§ 5.04.070. Grants made to nonprofit organizations.

A.

The metropolitan council is authorized in accordance with the provisions of Tenn. Code Ann. Section 7-3-314 to appropriate funds for the financial aid of nonprofit organizations by the adoption of a resolution receiving twenty-one affirmative votes, or as part of the annual operating budget ordinance adopted by the council.

B.

Prior to the adoption of a resolution appropriating funds to a nonprofit organization or the expenditure of funds authorized in the operating budget ordinance as an appropriation to a nonprofit organization, such nonprofit organization shall submit to the metropolitan government the following information:

1.

A copy of its corporate charter or other articles, constitution, bylaws, or instruments of organization;

2.

A copy of a letter from the Internal Revenue Service evidencing the fact that the organization is a nonprofit, tax-exempt organization under the Internal Revenue Code of 1986, as amended;

3.

A statement of the nature and extent of the organization's program that serves the residents of the metropolitan government;

4.

The proposed use of the funds to be provided by the metropolitan government;

5.

The proposed budget of the organization, indicating all sources of funds and a line-item identification of the proposed expenditure of metropolitan government funds;

6.

For organizations with an annual operating budget in excess of fifty thousand dollars receiving a grant or grants in excess of five thousand dollars during any one fiscal year, a copy of the organization's audit for the most recent fiscal year. For purposes of this subsection, "audit" means a formal examination of the organization's accounting records and financial situation in accordance with the generally accepted auditing standards issued by the American Institute of Certified Public Accountants. Organizations that are exempt from submitting an audit from the most recent fiscal year pursuant to this subsection shall comply with the audit requirements of Tennessee Code Annotated Section 7-3-314.

C.

The information required in subsection B of this section shall be retained in the metropolitan clerk's office and shall be available for public inspection during regular business hours.

D.

The provisions of this section shall not apply to nonprofit civic and charitable organizations receiving grants from the Metropolitan Nashville Arts Commission in accordance with Section 2.112.040 of this code.

(Amdt. 1 to Ord. BL2013-578 § 1, 2013; Ord. BL2013-578 § 1, 2013; Amdt. 1 with Ord. BL2004-421 § 1, 2005)