Finance & Compliance

Worksystems is committed to responsible and effective stewardship of all resources we manage.

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Effective financial stewardship and regulatory compliance are essential to Worksystems’ success. Our fiscal and compliance practices promote transparency, accountability, and sustainability, which are vital for building trust and confidence with stakeholders and ensuring long-term viability of our programs. Our Fiscal and Compliance teams are dedicated to providing the support and technical assistance our partners need to successfully manage resources and achieve our shared goals.

We achieve financial integrity, effective resource management, and accountability by:

  • Providing timely and accurate financial reports, building confidence through transparency
  • Reporting to and collaborating with the Board, management, staff, funders, and the community to achieve accountability and inform decision making

  • Collaborating with our financial software partners to utilize the advanced features of the software to ease data entry, improve timeliness, and provide data accessibility

  • Providing a comprehensive program for procurement, contracting, compliance, and monitoring to promote collaboration and expand resources
  • Reviewing, understanding, and interpreting complex funding rules, laws, and regulations to create policies that guide and support program implementation
  • Training staff to enhance financial literacy and contract management skills
  • Aligning program design with funding requirements, and conducting program oversight to ensure appropriate use, management and investment of workforce resources

  • Providing technical assistance to partners and contractors, ensuring they have the resources they need to implement programs and build capacity in the field

Underlying our work is a commitment to continuous improvement. Policies, procedures, training, and practices are regularly reviewed to ensure all stakeholders are able to easily obtain information, and everyone has access to resources and opportunities.

Finances & Budget

To support our goals and objectives, resources are organized into three buckets: Administration, Coordination, and Community. Administrative and Coordination activities are carried out by Worksystems staff and Community services are delivered by a network of funded and aligned community partners. A minimum of 80% of our resources are dedicated to Community services.

Program Year 2024 Budget (July 1, 2024 – June 30, 2025) – $37.6M

Amounts in Millions

Planned Program Year 2024 Expenses

July 1, 2024 – June 30, 2025

Administrative Activities – $3.1M (8%)

Coordination Activities – $4.5M (12%)

Community Investment – $30.0M (80%)