title
Receive an update from the Workforce Development Board on their Midyear Financial Forecast and progress of Workforce Programs and Activities
body
Published Notice Required? Yes ___ No _X _
Public Hearing Required? Yes ___ No _X _
DEPARTMENTAL RECOMMENDATION:
It is recommended that the Board of Supervisors receive an update from the Workforce Development Board of Solano County (WDB) on their Midyear Financial Forecast and progress of Workforce Programs and Activities.
SUMMARY:
The WDB made changes in revenue and expenditures on the midyear budget for Fiscal Year 2017/18. The presentation will provide an update on changes requested and the programmatic reasoning and impact behind the changes, as well as a general overview of workforce activities conducted.
FINANCIAL IMPACT:
The Department's Midyear Financial Report budget of $6,923,441 represents a $1,097,231 increase in revenues and expenditures, +18.8%, when compared to the FY2017/18 Working Budget.
The Midyear Report totals include the actual amount of available new funding for the Workforce Development Board (WDB), as well as the actual amount of unspent federal funds at June 30, 2017, which are available for expenditure in FY2017/18.
Request for Board approval for the changes in revenues and expenditures is included in the County's Midyear Report following this presentation.
DISCUSSION:
The WDB does not receive general funds from the County. The WDB submits a plan for grant activities, service levels, and use of funds, to the State of California on behalf of the County. The State allocates Federal money to the WDB through the County based on predetermined funding formulas. The WDB may also receive discretionary funding awards through the North Bay Employment Connection regional collaborative, through federal/state/local funding awards for special workforce projects, and through other awarded service contracts.
WDB is predominantly funded through federal Workforce Innovation...
Click here for full text