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HomeMy WebLinkAbout20F - WIA RAPID RESPONSE FUNDS CITY COUNCIL MEETING DATE: ~ ~ REQUEST FOR COUNCIL ACTION CLERK OF COUNCIL USE ONLY: SEPTEMBER 19, 2005 TITLE: APPROVED APPROPRIATION ADJUSTMENT FOR ADDITIONAL WORKFORCE INVESTMENT ACT RAPID RESPONSE PROGRAM FUNDS o As Recommended o As Amended o Ordinance on 15t Reading o Ordinance on 2nd Reading o Implementing Resolution o Set Public Hearing For j ~2/ / !./" / I f ~M '/, ~ {,- CITY MANAGER CONTINUED TO FILE NUMBER RECOMMENDED ACTION Approve an Appropriation Adjustment recognizing additional revenues of $91,535 in Workforce Investment Act funds from the State of California for the Rapid Response Program. DISCUSSION At the time the 2005-06 budget was approved by the City Council, the allocation of funding from the State of California had not been finalized for the Rapid Response Program. As a result, estimated revenue figures were used. The State has finalized the funding allocations for the Rapid Response Program for 2005-06. The appropriation adjustment will recognize an additional $91,535 for the Rapid Response Program, which provides assistance to companies within Santa Ana who are downsizing or closing their facilities. The funds will be used for staff and operation costs for the Rapid Response Program. FISCAL IMPACT Upon approval of the appropriation adjustment, funds will be available in the Workforce Investment Act Rapid Response 05-06 account (account no. 123- 66-various). APPROVED AS TO FUNDS AND ACCOUNTS: ,\~~',s-r...) ~L Franci~co G,:tierrez fv) Executlve Dlrector Finance & Management Services Agency ~ patricia C. Whitaker Executive Director Community Development Agency PCW/LM/mlr H:\ACTIONS\2005 CC\WorkforceInvestActAddlFunds 9-19-05.doc 20F-1 20F-2