NATIONAL HERITAGE AREA
FEASIBILITY STUDY GUIDELINES
SAMPLE PORTRAYAL OF MANAGEMENT ENTITY
FINANCIAL CAPABILITY FOR STUDY COMPONENT 7
The sample portrayal of financial capability provides an estimate of anticipated federal funding over a 5-year period and potential sources of local matching contributions. While contemporary NHA legislation provides federal funding authorizations of up to $1 million a year over a 15-year period, newly designated NHAs rarely receive $1 million in the first few years. The sample portrays anticipated federal funding below the maximum authorization.
Five Year Revenue Projection
Total Revenues - $8,000,000
Revenues in Each Column May be Adjusted Upward or
Downward Based on Actual Federal Appropriations
|Anticipated Federal Appropriations
||Anticipated State and Local Contributions
||Grantee Matching Requirement for $2,000,000 in Management Entity Grants to other Organizations
||Other Private Grants, Donations, and Miscellaneous Income
The study team should provide explanations in the study setting forth itís reasoning on how estimates on anticipated state and local contributions, as well as other private grants, donations and miscellaneous income were determined. Specific financial commitments, if known should be identified. Where specific commitments cannot be determined, the study team should provide information on the past capacity of the management entity to attract funding, or the rationale that a new management entity may do so in the future. Interviews with potential public and private funding sources can assist in determining the local interest of future financial support for heritage area projects and programs.