QUESTION
What are the details regarding the funding calculations and impact on Cultural Development Fund (CDF) groups due to budget cuts?
2:59:52
·
58 sec
Lance Polivy explains that the CDF funding allocations are calculated based on the total available funding, not predetermined amounts that are then adjusted.
- The CDF uses complex formulas to determine applicants' percentile scores, which correlate to their award amounts.
- Award amounts are not calculated until the total CDF program funding is known.
- There is no uniform reduction applied across all CDF groups due to budget cuts.
Carlina Rivera
2:59:52
But let's get into the numbers a little bit.
2:59:54
How many CDF groups were impacted by the PEG in fiscal 2024?
2:59:59
And what was the average amount they saw their grants reduced by.
Lance Polivy
3:00:06
Thank you for the question, Cherilyn.
3:00:09
That's not quite how our CDF process works.
3:00:12
There are these very complicated formulas that help to equate the percentile score that any particular applicant gets.
3:00:19
To their ultimate award.
3:00:21
So the amount of funding that each group gets is calculated based on the amount of funding that the agency has for the CDF program.
3:00:29
So once we knew the total amount that we had for the CDF program, we were able to calculate each of the awards, but it's not as if we had 1031 awards then we got our peg cut, and then we reduced each by a a certain amount, and we could give you that number.
3:00:45
It's that we did not calculate the awards until we knew how much funding we would have.
3:00:49
For the CDF program.
