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Workforce Innovation and Opportunity Act Subgrant Agreements <br />August 6, 2024 <br />Page 2 <br />Dislocated Worker (see Exhibit 3, Round 1 - $117,906 and Round 2 - $429,051 <br />combined Dislocated Worker allocation). Both allocations will be incorporated by a <br />unilateral modification to the subgrant agreement at a later date. <br />FISCAL IMPACT <br />There is no fiscal impact associated with this action. However, the adopted FY 2024-25 <br />budget includes $870,470 in WIOA Youth grant funding (12318XXX-6XXXX). The actual <br />WIOA Youth grant award of $770,569 will require budget adjustments to Administrative <br />Costs (WDB Admin Salaries Regular, 12318748-61000, One Stop Admin Salaries <br />Regular, 12318752-61000) and Program Expenses (WIOA Youth, 12318763-various) <br />by $(9,990.10) and $(89,910.90), respectively. A staff report will be presented to the <br />City Council in December 2024 to reduce grant expenditures of all WIOA programs. <br />EXHIBIT(S) <br />1. Resolution <br />2. PY 24-25 Subgrant Agreement <br />3. Information Bulletin WSIN23-50 WIOA Title I Formula Allocations PY 24-25 <br />Submitted By: Michael L. Garcia, Executive Director of Community Development <br />Approved By: Alvaro Nunez, Acting City Manager <br />