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WIA Title I Subgrant for PY 06-07 <br />July 3, 2006 <br />Page 2 <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 adjustment 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 />FISCAL IMPACT <br />Upon approval of the appropriation adjustment, funds will be increased in <br />the WIA Youth account (account no. 123-188-6933) and the WIB <br />Administrative account (account no. 123-186-6391). <br />APPROVED AS TO FUNDS AND ACCOUNTS: <br />' l,w I 1 ~-~N~/ <br />141,Stephen Harding <br />D Deputy ty Manager <br />Development Services <br />Francisco Gutierrez ,r./ <br />Executive Director ~"~ <br />Finance & Management Services Agency <br />SGH/LM/FJ/mlr <br />H:\ACTI ONS\2006 CC\WIATit1e15ubgrantPY06-07 7-3-06.doC <br />20B-2 <br />