Common use of Leveraged Resources Clause in Contracts

Leveraged Resources. Leveraged resources are defined as cash match and/or in-kind resources that will not only supplement the WIOA program but definitively result in direct cost savings to the program. Subrecipients are not required to use leveraged resources toward meeting the minimum training expenditure requirement, however, if Subrecipient does choose this option, they must report all leveraged resources applied as part of the 10 percent credit. If leverage resources are reported, they shall be reported and submitted monthly by the tenth (10th) day of the month utilizing the Leveraged Resources Report supplied by the County of Orange.