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EXHIBIT 2 <br /> by the Career Navigator, who will also gather employer feedback. Additionally, Working <br /> Wardrobes will monitor how many participants secure employment with the same employer <br /> either during their work experience or upon hire. <br /> 17. Fiscal Competency <br /> A-B. Working Wardrobes uses a structured process to capture and report fiscal data. All <br /> financial transactions are logged into a centralized financial management system.The Career <br /> Navigator documents and tracks requests, approvals, and payments for Participant Tuition <br /> Assistance, Incentives and Supportive Services.This ensures that all payments comply with <br /> budget limits and eligibility criteria. Financial reports are generated regularly to assess <br /> expenditure trends,track costs, and maintain transparency. Working Wardrobes' HR <br /> management system, Rippling will be used to track time, attendance and compensation for the <br /> WEX program. A copy of the organization's procurement policies and procedures will be <br /> provided as Attachment P. <br /> C. Working Wardrobes ensures compliance with government-funded programs by <br /> understanding all contract requirements, maintaining accurate documentation, and conducting <br /> regular reviews of service and financial data.The organization uses financial management <br /> software to track expenditures, monitor budgets, and ensure fiscal accountability. Program <br /> staff follow strict guidelines for approving and issuing payments. During the paid work <br /> experience, participants will track time and attendance through a system aligned with Working <br /> Wardrobes'financial management system.They will also use the HR management system, <br /> Rippling to access their schedule, sign in/out, and track bi-weekly compensation. Employer host <br /> sites will use a physical timesheet, which is reviewed, signed, and returned weekly. The Career <br /> Navigator will regularly review these logs for accuracy, and a form is provided for tracking and <br /> submitting weekly hours for approval. <br /> D.The invoicing process starts with the Career Navigator submitting payment requests, which <br /> are reviewed by the Client Services Manager and approved by the Director of Client Services. <br /> Payments are made via company checks or credit cards to service providers. Program staff, <br /> trained in financial management, ensure compliance with fiscal guidelines.The Chief People <br /> and Operations Officer oversees accounting, with invoicing handled by a Senior Accountant and <br /> supported by a fractional CFO from Fohrman & Fohrman, Inc. The Career Navigator, Wardrobe <br /> & Inventory Specialist, and Career Development Coordinator manage data collection and <br /> internal monitoring, collaborating with the accounting team to resolve any issues. <br /> E. Working Wardrobes maintains financial stability through a diversified funding base, including <br /> individual donations, corporate sponsorships, foundation grants, and earned income from <br /> program services.This model ensures resilience and the ability to continue providing high- <br /> quality services despite fluctuations in WIOA funding. <br /> F. A significant amount of the budget is allocated to youth services, including paid work <br /> experience, training, supportive services, and tuition support.The remaining funds cover <br /> overhead and administrative costs. All expenditures are monitored for alignment with program <br />