Title
Receive the Monterey County Workforce Development Board FY 2025-26 Final Financial Status Report for the Workforce Innovation and Opportunity Act (WIOA) funded programs through June 30, 2026.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors Budget Committee:
Receive the Monterey County Workforce Development Board FY 2025-26 Final Financial Status Report for the Workforce Innovation and Opportunity Act (WIOA) funded programs through June 30, 2026.
SUMMARY/DISCUSSION:
Workforce Innovation and Opportunity Act (WIOA) revenues are drawn down from the State Employment Development Department (EDD) and the U.S. Department of Labor (DOL) as eligible expenditures are incurred. Program expenses are reimbursed from available federal and state allocations and are monitored to ensure expenditures comply with applicable funding requirements and remain within available grant balances. The Workforce Development Board (WDB) received funding in two rounds for the Adult and Dislocated Worker programs. The first round of funding was received July 1, 2025, through September 30, 2025, and represented 16% of the annual allocation. The second round was received October 1, 2025, through June 30, 2026, and represented the remaining 84% of the allocation. Youth funding is received annually.
The WDB has up to two years to expend its Adult, Dislocated Worker, and Youth formula allocations. Prior-year funding must be fully expended before the current-year allocation is available for expenditure, and funds remaining unspent after the applicable two-year period may be recaptured by the State. The WDB may transfer up to 100% of funding between the Adult and Dislocated Worker programs, subject to applicable requirements. Funding cannot currently be transferred to or from the Youth program.
As the fiscal agent for regional grants, the WDB leads key initiatives for the North Central Coast Regional Planning Unit (RPU), which includes the workforce development board...
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