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3.3 Transfer of Funds

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3.3.1 Transfer of Funds

Effective date: November 6, 2024

Background

The local Workforce Development Boards (WDBs) may transfer up to 100 percent of formula funds of a program year allocation between the Adult Program and the Dislocated Worker Program.1 DWD-DET is extending the full transfer authority afforded by WIOA to the local WDBs, to ensure the WDBs have maximum flexibility to best serve participant populations with the greatest needs.

Commencing with the Program Year (PY) 24 allotments, Adult and Dislocated Worker funds can be utilized interchangeably; however, the funding source remains with the original allocation as outlined in the Department of Labor (DOL) ETA-9130 (D) - Local Adult2 and ETA-9130 (F) - Local Dislocated Worker3 guidelines. The interchangeable use of funds will not result in modified contracts however these must be reported under the line in COMET.

Approval of Transfer Request

The local WDB initiates the transfer request by emailing a completed form to DET-BWT Financial Managers. The request must be made DWD-DET at least 30 calendar days before the end of the grant period.

The local WDB should take the following into consideration in making the request:

  • Expenditures and obligations for the Adult Program and Dislocated Worker Program year formula funds;
  • Availability of funds for both formula programs, including carry-in funding from the prior program year;
  • The quarter of the grant period in which the request is made;
  • Availability of Rapid Response4 and National Dislocated Worker Grant5 funding;
  • Total enrollments in both Adult and Dislocated Worker formula programs;
  • Total training enrollments in both formula programs;
  • Applicability of Trade Adjustment Assistance certifications in the local area; 6
  • Impact on the WIOA primary indicators of performance; and
  • Implications for Rapid Response and National Dislocated Worker Grant funding.

DWD-DET will review the request and issue a determination within 30 days.


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