Title
a. Approve an increase in revenues and appropriations of $621,232 for the FY 2015-16 Economic Development Department's (EDD) Adopted Budget for the Workforce Development Board (WDB), Fund 007, Unit 8427, Appropriation Unit DEO026 (4/5ths vote required); and
b. Authorize the Auditor-Controller to amend the FY 2015-16 Economic Development Department's Adopted Budget for the Workforce Development Board (WDB), fund 007, Unit 8427 Appropriation Unit DEO026, to increase estimated revenues and appropriations by $621,232.
Report
RECOMMENDATION:
It is recommended that the Board of Supervisors:
a) Approve an increase in revenues and appropriations of $621,232 for the FY 2015-16 Economic Development Department's (EDD) Adopted Budget for the Workforce Development Board (WDB), Fund 007, Unit 8427, Appropriation Unit DEO026 (4/5ths vote required);
b) Authorize the Auditor-Controller to amend the FY 2015-16 Economic Development Department's Adopted Budget for the Workforce Development Board (WDB), fund 007, Unit 8427 Appropriation Unit DEO026, to increase estimated revenues and appropriations by $621,232
SUMMARY:
The Economic Development Department, Workforce Development Board (WDB), received an increase in its formula grant allocation and an increase in carry-in funds for FY 2015-16. During the budget process, the Workforce Development Board did not anticipate the increased allocation or carry-in amounts. The Workforce Development Board had projected the FY 2015-16 allocations at $6,466,953; however the actual amount of allocation for FY 2015-16 is $7,088,185. Economic Development Department's Workforce Development Board's total revenue for FY 2015-16 thus increased by $621,232. The additional appropriations will be used to hire temporary county employees required by the Workforce Innovation Fund to run its program, and increase training services for the Workforce Development Board's participants. The increase in revenue will allow our department to prov...
Click here for full text