To: BOARD OF SUPERVISORS
From: Planning and Building Services and Cannabis
Meeting Date: June 23, 2026
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Department Contact: |
Sara McBurney |
Phone: |
707-234-6680 |
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Department Contact: |
Julia Krog |
Phone: |
707-234-6650 |
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Item Type: Consent Agenda |
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Time Allocated for Item: N/A |
Agenda Title:
title
Approval of the Creation of a New Interest-Bearing Fund to Manage Cannabis Equity Grant (CEG) Program Funds in Alignment with the Newest Grant Agreement
End
Recommended Action/Motion:
recommendation
Approve the creation of a new interest-bearing Fund to manage Cannabis Equity Grant (CEG) Program funds in alignment with the newest grant Agreement.
End
Previous Board/Board Committee Actions:
None.
Summary of Request:
The newest round of Cannabis Equity Grant (CEG) program funds, also known as Local Equity Entrepreneurial Program (LEEP) funds, CEG-2026-688, requires grant revenues be deposited into a federally-insured, interest-bearing account. This is a change since previous rounds of funding and requires a new Fund to accurately track the grant revenues. The Cannabis Division, in coordination with the Auditors Office, is requesting Board approval to create a new Fund (4980), Budget Unit (0498), Org (LEEP26), Program (WOLP26) to satisfy this grant requirement.
Alternative Action/Motion:
Do not approve the request for a new Fund creation and provide alternative direction to staff.
Strategic Plan Priority Designation: An Effective County Government
Supervisorial District: All
Vote Requirement: Majority
Supplemental Information Available Online At: N/A
Fiscal Details:
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source of funding: Cannabis Equity Grant (CEG) Funds |
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current f/y cost: No |
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budget clarification: Currently budgeted in WO, a non-interest-bearing account. |
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annual recurring cost: N/A |
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budgeted in current f/y (if no, please describe): No, Budgeted for FY26/27 |
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revenue agreement: Yes |
AGREEMENT/RESOLUTION/ORDINANCE APPROVED BY COUNTY COUNSEL: N/A
CEO Liaison: Steve Dunnicliff, Deputy CEO
CEO Review: Yes
CEO Comments:
FOR COB USE ONLY
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Executed By: Deputy Clerk |
Final Status: Item Status |
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Date: Date Executed |
Executed Item Type: item |
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Number: |
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