Read our latest Quarterly Report
We are pleased to share our progress and report on our activity during the final quarter of Fiscal Year 2021.
As a dramatic fiscal year comes to a close, SBGP is both proud and grateful to have successfully navigated the pandemic, preserved the organization and its core programs, and also responded to urgent community needs resulting from the pandemic. Since the ongoing impact of the COVID-19 pandemic was uncertain for much of the year, SBGP initially followed a more conservative financial plan until revenues stabilized and eventually increased, enabling SBGP to authorize significant additional spending in the second half of the year. Working closely with neighborhood leaders, City agencies, and other partners, SBGP successfully programmed all of these funds as of June 30, 2021.
This quarter SBGP:
- planned significant amounts of additional Enhanced Services, including an announcement of $6 million of investments in parks and recreation across the District, based on the higher-than-expected casino revenues over the gradual decline of the pandemic.
- announced $599,895 of funding supporting 20 projects in our seventh Community Grants cycle.
- celebrated significant milestones for Reimagine Middle Branch, including the completion of the project brief – which lays out a bold framework for Justice, Equity, Diversity, and Inclusion (JEDI) – and kicking off the next phase of the project – awarding a contract to James Corner Field Operations to lead design with a dynamic team of local and national experts in landscape design and equity planning.
- expended the $2.2 million committed to the Middle Branch Fitness & Wellness Center at Cherry Hill based on continued construction and significant progress.
- approved the financial plan for FY 2022 and continued planning for the future.
To date, we have committed over $14.2 million to 314 projects across the District, ranging from small community grants to large capital projects. An additional $7.9 million of projects were in development for a total mobilization of approximately $22.1 million.