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The OCCC uses MIP500 accounting software to track all our expenditure and planned costs. This <br />grant will be assigned a unique fund number to track all financially related information. In <br />addition to the accounting software, the OCCC also uses an Excel spreadsheet to track and <br />present information to appropriate party. Also built into our operation is the multi -layered <br />approval process for any expenditure incurred. Financial reports are reviewed monthlyto ensure <br />we stay in expenditure compliance and within planned costs. <br />D. Describe invoicing process and list qualifications of staff assigned to task. <br />Invoices are prepared on a monthly basis by the Chief Financial Officer and approved by the Chief <br />Executive Officer. Financial reports are generated out of MIP500 and then translated onto an <br />Excel spreadsheet and formatted as required for the invoice. Supporting documentation is then <br />gathered to support the invoice. The CFO has a Bachelor of Science degree in Business <br />Administration; option in Accounting and minored in Economics, a Master of Business <br />Administration emphasis in Finance and over 16 years of managing non-profit grants. The CFO <br />has direct experience with the SAWIOA grant for the past 7 years. <br />E. Describe how your organization's financial stability is not dependent on WIOA funds. <br />The OCCC is well diversified in our funding base. The OCCC has an operating budget of more than <br />$4.3 mil and more than 8 different sources of funding to ensure the overall operation will not <br />suffer should we lose any single funding source or dependent of WIOA funding. The OCCC has <br />and continues to work with our existing funders while continuing to explore funding <br />opportunities, as we see an urgent need for our services. <br />F. Identify the percentage of budget that will go directly to youth (Le.: work experience <br />payments, direct training, supportive services, incentives, etc.) versus the percentage of <br />overhead and administrative costs. (ex: 50% of budget will be directly spent on youth in the <br />form of work experience and training, etc.). <br />A total of 93% will go directly to the youth in the form of wages, taxes, and benefits, supportive <br />services, incentives, training, and project transportation. Specifically, 40%of the budget will go <br />to participant wages, taxes, and benefits, 53% will be directed toward their training and case <br />management with a remaining 7% as budgeted overhead. <br />G. Submit most recent 2 years of audited financial statements as Attachment T & U with the <br />Audited Financial Statement Form signed (Attachment S). <br />See attached financial statements <br />18. Additional Attachments You may include additional documents such as flyers, <br />brochures, training descriptions, and/or testimonials that support your proposal and/or further <br />describe the program, as Attachment W. <br />EXHIBIT A <br />