Calculating grant amount and local match for CKLS Competitive Grants

 

Example 1: When requesting maximum allowed by the grant category

The cost of some projects may exceed the maximum grant allowed by the grant category. Other projects, e.g., purchasing materials, may not have a set project cost. Asking for the maximum amount allowed by the grant category is acceptable in these cases. The formula below is how to calculate the required local match.

Calculating “Required local match”

Grant amount requested from above    X   local match percentage       =    Required local match

$1,000                                                   X   .5 (if local match = 50%)    =    $500

$1,000                                                   X   .4 (if local match = 40%)    =    $400

$1,000                                                   X   .3 (if local match = 30%)    =    $300

$1,000                                                   X   .2 (if local match = 20%)    =    $200

$1,000                                                   X   .1 (if local match = 10%)    =    $100

Grant application for a linking library with 20% local match

Checkmark your type of library                                                                  Local match: percentage

                                                                                                                         of amount requested                                                                                  

___   Major Resource Libraries and Major Service Centers II and school districts      50%

___   Major Service Centers I                                                                                       40%

___   Service Centers                                                                                                     30%

_X_  Linking Libraries                                                                                                  20%

___   Gateway Libraries                                                                                                10%

Grant amount requested:        $ _1,000_                                                                               

Required local match:              $ _   200_    Percentage of grant amount requested: __20_ %

 

Note: “Requested grant amounts” plus the “required local match” may not exceed the total project cost. If maximum grant request allowed by the grant category plus the required local match is greater than the total cost of the project, libraries must lower their requested grant amount so that the “requested grant amount” plus the “required local match” is equal to or less than the total project cost. Example 2 on the next page explains how to calculate the maximum grant amount you may request and not exceed total project cost.

Example 2: When “total cost of project” is known

When you know the total project cost, e.g., cost of replacing library windows is $3,700, use the following formulas. (The following rewrite of the original explanation is by Formoso and Courtland Library Director Barbara Langston. Thanks Barb.)

Calculating the maximum “grant amount requested”

Total cost of project divided by the number below based on local match equals the “Grant amount requested” in bold below.

(if local match = 50%)                  $3,700 / 1.5 = $2,467

(if local match = 40%)                  $3,700 / 1.4 = $2,643

(if local match = 30%)                  $3,700 / 1.3 = $2,846

(if local match = 20%)                  $3,700 / 1.2 = $3,083

(if local match = 10%)                  $3,700 / 1.1 = $3,366

Calculating the “required local match”

“Grant amount requested” from above times local match percentage equals the “Required local match” in bold below.

(if local match = 50%)                  $2,467 X .5 = $1,234

(if local match = 40%)                  $2,643 X .4 = $1,057

(if local match = 30%)                  $2,846 X .3 = $854

(if local match = 20%)                  $3,083 X .2 = $617

(if local match = 10%)                  $3,366 X .1 = $337

Grant application for a linking library with 20% local match

Checkmark your type of library                                                                  Local match: percentage

                                                                                                                        of amount requested                                                                                  

___   Major Resource Libraries and Major Service Centers II and school districts      50%

___   Major Service Centers I                                                                                       40%

___   Service Centers                                                                                                     30%

_X_  Linking Libraries                                                                                                  20%

___   Gateway Libraries                                                                                                10%

Grant amount requested:        $ _3,083_                                                                               

Required local match:              $ _   617_    Percentage of grant amount requested: __20_ %

 
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