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Lakewood Alive attempts to create diverse funding streams by hosting annual fund campaigns twice a year and actively participatesin donor/corporate cultivation. Funding is also received from the city of Lakewood via grants, however these cannot be applied to the organizations host of high-cost, large-scale events. Mr. Andrews and Ms. Urbanek identified some of the organization’s challenges, such as identifying consistent revenue streams, retaining talented staff, the increasing costs for Lakewood Alive offices, and working to ensure affordable neighborhoods.Lakewood Alive will be moving offices soon due to sewer gas issues in their current location and aims to eventually purchase a building and start a social enterprise, which could provide steadier revenue streams. Councilmembers commented on the value of investing in Lakewood Alive and the range of services that the organization offers. Councilperson Bullock has served as Council’s representative on Lakewood Alive’s board the past 2 years. Councilmembers questioned Mr. Andrews and Ms. Urbanek if their organization received initial budget estimates that were adequate and satisfactory for their work and they both confirmed that that was the case. Lakewood Alive is set to receive an extra $50,000 in funding from the city’s general fund. It also received an 18% increase in funding for its paint program. After Council prompts into its status as a fiscal agent, Mr. Andrews acknowledged that the status does not enable the organization to gain revenue, however it makes sense from a business standpoint to be involved with the local business associations. Several Councilmembers acknowledged the organization’s value and ability to connect a great deal of people with many resources. Chairman O’Malley moved to defer Ordinance 45-19. Chairman O’Malley made a motion to approve the minutes from the Finance Committee’s previous two meetings, which was seconded by Councilperson George. All members voted in favor. Motion passed. The meeting was adjourned at 8:11 p.m.