Title
Receive the Monterey County Workforce Development Board FY 2020-21 Second quarter Financial Status Report for the Workforce Innovation and Opportunity Act (WIOA) funded programs through December 31, 2020
Report
RECOMMENDATION:
It is recommended that the Budget Committee:
Receive the Monterey County Workforce Development Board FY 2020-21 Second quarter Financial Status Report for the Workforce Innovation and Opportunity Act (WIOA) funded programs through December 31, 2020
SUMMARY:
Workforce Innovation and Opportunity Act (WIOA) revenues are drawn down from the State Employment Development Department (EDD) and from the Department of Labor (DOL) as expenses are incurred. Expenses are paid on a reimbursement basis from State and Federal allocations. Program expenditures are aligned with program revenue. The Workforce Development Board (WDB) receives its funding in two rounds for the Adult and Dislocated Worker programs. The first round of funding is July 1, 2020 - September 30, 2020, which is 16% of the allocation; the second-round funding is October 1, 2020 - June 30, 2021, providing the remaining 84% of the allocation. The WDB has up to two years to spend down its formula allocation. WIOA Youth funding is similarly allocated. The WDB has the ability to transfer funding from the Adult program to the Dislocated Worker program, or from Dislocated Worker to Adult; however, funds cannot be transferred to or from the Youth program.
As the fiscal agent for regional grants, the WDB is the lead on a number of key initiatives for the Coastal Regional Planning Unit (RPU) which includes the Workforce Development Boards of Monterey, Santa Cruz, San Luis Obispo and Santa Barbara Counties. The Coastal RPU has received funding for regional planning and implementation, including Slingshot 3.0. In addition, the RPU has received funding for planning and oversight of Slingshot 2.0 for enhanced business outreach as well as for the Prison to Employment Initiative (P2E) to provi...
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