Self-introductions were completed. Brandon noted that items 2 and 3 of today s agenda are one in the same. Today s meeting is primarily a brainstorming session for setting goals, placing proper parameters on our responsibilities, and establishing procedures in carrying out our duties. Linda responded that the fiscal agent staff develops the budget per allocations.
Law defines the break out and percentages for each.
Budget items are well structured per the law. Linda responded that the annual budgets, at the beginning of the program year, require LWIB approval. Once this annual budget is approved, costs are pretty much set. Then, we look at operating services and if there are items we can t afford, it is dropped from the budget. If we receive additional funds, such as incentive dollars, then the LWIB would approve the budgets for these new funds.