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EXHIBIT 2 <br />NARRATIVE <br />SUBGRANT NO:AA511027 <br />MODIFICATION NO: 0 <br />SUBRECIPIENT:City of Santa Ana <br />FAIN NO: 24A55AY000066 <br />FEDERAL AWARD DATE: 6/21/2024 <br />FUNDING SOURCE: Youth Formula Rd 1 - 301 <br />TERM OF THESE FUNDS: 04/01/2024 - 06/30/2026 <br />------------------------------------------------------------- <br />Use of funds added by this modification is limited to this period and ; <br />;additionally limited by the recapture provisions applicable to this <br />;funding source. The state may at its discretion recapture funds <br />;obligated under this exhibit, if expenditure plans are not being met. ; <br />------------------------------------------------------------' <br />PROGRAM NARRATIVE <br />The purpose of this action is to initiate this Local Area's new <br />Program Year (PY) 2024-25 Workforce Innovation and <br />Opportunity Act (WIOA) Title I subgrant agreement and to <br />incorporate WIOA Youth formula funding into Grant Code (GC) <br />301. The amount in GC 301 represents this Local Area's entire <br />Youth formula allocation for PY 2024-25. The term date for these <br />funds is April 1, 2024 through June 30, 2026. FAIN <br />24A55AY000066. The Local Area will operate the WIOA program <br />in accordance with the approved Workforce Innovation and <br />Opportunity Plan on file in the Central Office Workforce Services <br />Division of the Employment Development Department, P.O. Box <br />826880, MIC 50, Sacramento, CA 94280-0001. Note: By signing <br />this subgrant you agree to all of the Terms and Conditions issued <br />by the Department of Labor for all WIOA funding for Program <br />Year (PY) 2024. The Term and Conditions are included in the <br />transmission of this Master Subgrant. <br />------------------------------------------------------------------------------------------------ <br />,This exhibit adds to and does not replace the terms and conditions of any other exhibit included in this <br />;agreement which terms and conditions remain in full force and effect. <br />WIOA (2015) <br />Page 3 of 14 <br />