Common use of Powers and Responsibilities of Consortium Clause in Contracts

Powers and Responsibilities of Consortium. The Consortium shall collectively perform the following functions on behalf of the Localities, which functions are the responsibilities delegated to Chief Elected Officials under WIOA: (a) Designate one of the Localities to serve as local grant recipient for the WIOA funds, (b) Designate the SVWDB to serve as fiscal agent for the Consortium. In its capacity as the fiscal agent of the Consortium, the SVWDB shall perform the following functions: (i) Receive funds; (ii) Ensure sustained fiscal integrity and accountability for expenditures of SVWDB funds in accordance with Office of Management and Budget circulars, WIOA and the corresponding Federal Regulations and Commonwealth of Virginia policies; (iii) Respond to audit financial findings; (iv) Maintain proper accounting records and adequate documentation; (v) Prepare financial reports; (vi) Provide technical assistance to sub recipients regarding fiscal issues; (vii) Procure contracts or obtain written agreements; (viii) Conduct financial monitoring of service providers; and (ix) Ensure independent audit of all employment and training programs. (x) Report periodically to the Localities regarding the SVWDB’s finances. (c) Designate the signatory authorities for the SVWDB fiscal agent to be the Chief Executive Officer, Chief Financial Officer, and Operations Officer of the SVWDB. (d) Determine the composition of the Statement of Economic Interest required annually from all members of the BOD of the SVWDB. (e) Set policy for the local workforce development system in coordination with the SVWDB; (f) Collaborate with the SVWDB to provide oversight of local Youth, Adult and Dislocated Worker programs and regional workforce development initiatives; (g) Approve the annual local operating budget developed by the SVWDB; (h) Perform other duties as may be prescribed from time to time for Chief Elected Officials under the WIOA or Virginia law; and, (i) Establish such bylaws and such other rules as it deems necessary to govern its operations.

Appears in 3 contracts

Samples: Chief Elected Officials Consortium Agreement, Consortium Agreement, Consortium Agreement

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Powers and Responsibilities of Consortium. The Consortium shall collectively perform the following functions on behalf of the Localities, which functions are the responsibilities delegated to Chief Elected Officials under WIOA: (a) Designate one of the Localities to serve as local grant recipient for the WIOA funds, (b) Designate the SVWDB CRWDB to serve as fiscal agent for the Consortium. In its capacity as the fiscal agent of the Consortium, the SVWDB CRWDB shall perform the following functions: (i) Receive funds; (ii) Ensure sustained fiscal integrity and accountability for expenditures of SVWDB CRWDB funds in accordance with Office of Management and Budget circulars, WIOA and the corresponding Federal Regulations and Commonwealth of Virginia policies; (iii) Respond to audit financial findings; (iv) Maintain proper accounting records and adequate documentation; (v) Prepare financial reports; (vi) Provide technical assistance to sub recipients regarding fiscal issues; ; (vii) Procure contracts or obtain written agreements; (viii) Conduct financial monitoring of service providers; and; (ix) Ensure independent audit of all employment and training programs.; and (x) Report periodically to the Localities regarding the SVWDBCRWDB’s finances. (c) Designate the signatory authorities for the SVWDB CRWDB fiscal agent to be the Chief Executive OfficerDirector, Chief Financial Officer, and Operations Officer Secretary/Treasurer of the SVWDBCRWDB and the CEO Consortium Chair. (d) Determine the composition of the Statement of Economic Interest required annually from all members of the BOD of the SVWDBCRWDB. (e) Set policy for the local workforce development system in coordination with the SVWDBCRWDB; (f) Collaborate with the SVWDB CRWDB to provide oversight of local Youth, Adult and Dislocated Worker programs and regional workforce development initiatives; (g) Approve the annual local operating budget developed by the SVWDBCRWDB; (h) Perform other duties as may be prescribed from time to time for Chief Elected Officials under the WIOA or Virginia law; and, (i) Establish such bylaws and such other rules as it deems necessary to govern its operations.

Appears in 2 contracts

Samples: Chief Elected Officials Consortium Agreement, Chief Elected Officials Consortium Agreement

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