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OESC FINANCIAL OVERVIEW F EBRUARY, 2005

OESC FINANCIAL OVERVIEW F EBRUARY, 2005. TABLE OF CONTENTS. HOW OESC IS FUNDED OTHER SOURCES OF REVENUE OESC EXPENDITURES UNEMPLOYMENT INSURANCE ACTIVITIES. OESC FUNDING-GRANTS. Unemployment Insurance Employment & Training Employment Services Economic Research & Analysis.

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OESC FINANCIAL OVERVIEW F EBRUARY, 2005

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  1. OESC FINANCIAL OVERVIEWFEBRUARY, 2005

  2. TABLE OF CONTENTS • HOW OESC IS FUNDED • OTHER SOURCES OF REVENUE • OESC EXPENDITURES • UNEMPLOYMENT INSURANCE ACTIVITIES

  3. OESC FUNDING-GRANTS • Unemployment Insurance • Employment & Training • Employment Services • Economic Research & Analysis

  4. Other Sources of Revenue • Reed-Act Redistribution • Penalty & Interest • Program Income

  5. OESC FUNDING

  6. YEAR TO DATE COMPARATIVE ANALYSIS

  7. Unemployment Insurance • The Largest Grant • Supports Approximately 401 OESC Employees. • Pays about 51% of OESC Administrative Expenditures. Largest Block of Employees works in Field Audit, Call Centers, Appeals, Benefits, & Contribution Units.

  8. UI FUNDING

  9. Employment & Training • Youth • Dislocated Worker • Adult • Title V • Disability Navigator Grant

  10. WORKFORCE INVESTMENT ACT

  11. EMPLOYMENT SERVICE • Has been on the decline for the last 10 years. • Primary support of the One Stop Centers. • Maybe combined with WIA based on the President’s proposed budget. • Supports approximately 215 FTE’S • The primary grants are • Wagner Pyser • LVER • DVOP • TANF • Re-Employment Services

  12. EMPLOYMENT SERVICES

  13. 11 YEAR TRUST FUND ACTIVITIES

  14. EMPLOYER CONTRIBUTIONS

  15. BENEFIT PAYMENT TREND

  16. TRUST FUND INTEREST INCOME

  17. HOW YOU CAN HELP • Understand your Profile and complete exception Report when necessary. • Be responsible with supplies, do not waste. • Use email instead of a long distance call. • Make sure all calls are business related. • Understand agency fraud policy and report fraudulent activities accordingly.

  18. THE END OF OESC FINANCIAL OVERVIEW LEVI C. ONWUCHURUBA, CFO

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