Mission: In relation to the environmental impact report, the organization held a scoping meeting as required by ceqa. The event was the largest in la history with 270 stakeholders attending. Caltrans and larap worked to finalize the cooperative agreement. Caltrans psr was finalized and negotiated fee of $5,000 was paid in full. Caltrans and fhcp began discussions of air rights and scheduling ctc presentation. Governor brown signed two pieces of legislation, eifd and cria, that will assist fhcp in funding and creating affordable housing. Fhcp delegation visited millennium park and the highline to learn best practices and funding strategies; advocacy trips to washington dc and sacramento. Fhcp began initial work on comprehensive economic study. Fhcp board members and volunteers participated in the 4th consecutive hollywood christmas parade. Fhcp participated in successful meetings with the building trades, lacarguy, lambda alpha and southern california planning congress.
Programs: The hollywood central park is a landmark infrastructure project that will create more than 40,000 direct and indirect jobs over 10 years, provide economic stimulus and long term economic security, provide healthy communities and provide children with open green space in which to grow and thrive. The hollywood central park will transform hollywood's disadvantaged communities into thriving economic engines and is an investment in our children, our community and our future.
in accordance with us gaap contribution of services are recognized if the services received (a) create or enhance nonfinancial assets or (b) require specialized skills that are provided by individuals possessing those skills, and (c) the services and costs would typically need to be purchased if not provided by donation. Contributed services that do not meet the criteria are not recognized. Fhcp receives a significant amount of donated services from unpaid professional volunteers who assist in carrying out the organization's program services. See sch d and sch o for detail.