Common use of Coordination of Financial Assistance Funds Clause in Contracts

Coordination of Financial Assistance Funds. 1. Pursuant to 20 C.F.R. Section 663.320, grant assistance, including Federal Pell Grants, must be utilized for training costs prior to funds authorized under this AGREEMENT. Funds authorized under this AGREEMENT shall be used to provide assistance beyond the assistance made available under other grant assistance programs, including Federal Pell Grants. CONTRACTOR shall consider the availability of Federal Pell Grants and other sources of grants to pay for training costs so that WIOA funds provided for under this AGREEMENT supplement other sources of training grants. 2. CONTRACTOR shall report to CITY all financial assistance applications including, but not limited to, those for Federal Pell Grants, and resultant funds received which cover all or part of the training costs relative to all clients enrolled under this AGREEMENT. Any financial assistance funds received by CONTRACTOR on behalf of clients under this AGREEMENT for the specific purposes of training costs shall be immediately reported to CITY so that the corresponding Individual Training Account (“ITA”) may be modified as appropriate. 3. Funds authorized under this AGREEMENT may be used while a client’s application for a Federal Pell Grant is pending, except that if such client is subsequently awarded a Federal Pell Grant, funds used to underwrite the training for the amount the Pell Grant covers shall be reimbursed to CITY. If payment for such expenses has already been made by CITY to CONTRACTOR, appropriate reimbursement shall be made to CITY from such Federal Pell Grant within thirty (30) days of receipt.

Coordination of Financial Assistance Funds. 1. Pursuant to 20 C.F.R. Section 663.320, grant assistance, including Federal Pell Grants, must be utilized for training costs prior to funds authorized under this AGREEMENT. Funds authorized under this AGREEMENT shall be used to provide assistance beyond the assistance made available under other grant assistance programs, including Federal Pell Grants. CONTRACTOR shall consider the availability of Federal Pell Grants and other sources of grants to pay for training costs so that WIOA funds provided for under this AGREEMENT supplement other sources of training grants. 2. CONTRACTOR shall report to CITY all financial assistance applications including, but not limited to, those for Federal Pell Grants, and resultant funds received which cover all or part of the training costs relative to all clients enrolled under this AGREEMENT. Any financial assistance funds received by CONTRACTOR on behalf of clients under this AGREEMENT for the specific purposes of training costs shall be immediately reported to CITY so that the corresponding Individual Training Account (“ITA”) may be modified as appropriate. 3. Funds authorized under this AGREEMENT may be used while a client’s application for a Federal Pell Grant is pending, except that if such client is subsequently awarded a Federal Pell Grant, funds used to underwrite the training for the amount the Pell Grant covers shall be reimbursed to CITY. If payment for such expenses has already been made by CITY to CONTRACTOR, appropriate reimbursement shall be made to CITY from such Federal Pell Grant within thirty (30) days of receipt.. EXHIBIT B BUDGET SUMMARY A. Adult Cohort Training Budget Summary B. Adult Workshop Budget Summary Line Item Rate Unit C. Youth Workshop Budget Summary Line Item Rate Unit Training Rate per Client

Coordination of Financial Assistance Funds. 1. Pursuant to 20 C.F.R. Section 663.320, grant assistance, including Federal Pell Grants, must be utilized for training costs prior to funds authorized under this AGREEMENT. Funds authorized under this AGREEMENT shall be used to provide assistance beyond the assistance made available under other grant assistance programs, including Federal Pell Grants. CONTRACTOR shall consider the availability of Federal Pell Grants and other sources of grants to pay for training costs so that WIOA funds provided for under this AGREEMENT supplement other sources of training grants. 2. CONTRACTOR shall report to CITY all financial assistance applications including, but not limited to, those for Federal Pell Grants, and resultant funds received which cover all or part of the training costs relative to all clients enrolled under this AGREEMENT. Any financial assistance funds received by CONTRACTOR on behalf of clients under this AGREEMENT for the specific purposes of training costs shall be immediately reported to CITY so that the corresponding Individual Training Account (“ITA”) may be modified as appropriate. 3. Funds authorized under this AGREEMENT may be used while a client’s application for a Federal Pell Grant is pending, except that if such client is subsequently awarded a Federal Pell Grant, funds used to underwrite the training for the amount the Pell Grant covers shall be reimbursed to CITY. If payment for such expenses has already been made by CITY to CONTRACTOR, appropriate reimbursement shall be made to CITY from such Federal Pell Grant within thirty (30) days of receipt. EXHIBIT B BUDGET SUMMARY A. ☐ Adult Cohort Training Budget Summary Fiscal Years 2021 and 2022 Adult Cohort Training budget will be in accordance with the terms contained in each CITY-approved TRAINING PROGRAM.