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<br />WIA Title I Subgrant for PY 06-07 <br />July 3, 2006 <br />Page 2 <br /> <br />At the time the 2006-07 City budget was approved, the final allocation of <br />funding from the State of California had not been received for the WIA <br />programs. As a result, estimated revenue figures were used. The Youth <br />allocation provided in the sub-grant agreement is greater than the <br />estimated allocation in the budget. This appropriation adj ustment will <br />recognize the additional funds of $166,930 that will be budgeted to the <br />Youth and the Workforce Investment Board (WIB) Administration accounts. <br /> <br />FISCAL IMPACT <br /> <br />Upon approval of the appropriation adjustment, funds will <br />the WIA Youth account (account no. 123-188-6933) <br />Administrative account (account no. 123-186-6391). <br /> <br />be increased in <br />and the WIB <br /> <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br /> <br />~~~[tJa~~ <br /> <br />Deputy ty Manager <br />Development Services <br /> <br />'\N:\~~~t ." \\ ,-%..' , <br />Francisco Gutierrez ~./ <br />Executive Director r~ <br />Finance & Management Services Agency <br /> <br />SGH/LM/FJ/mlr <br /> <br />H:\ACTIONS\2006 CC\WIATitlelSubgrantPY06-07 7-3-06.doc <br /> <br />20B-2 <br />