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EXHIBIT 2 <br /> 17. Fiscal Competency <br /> A-B. Working Wardrobes uses a structured process to capture and report fiscal data. All financial <br /> transactions are logged into a centralized financial management system. The Career Navigator <br /> documents and tracks requests, approvals, and payments for Participant Tuition Assistance, <br /> Incentives and Supportive Services.This ensures that all payments comply with budget limits <br /> and eligibility criteria. Financial reports are generated regularly to assess expenditure trends, <br /> track costs, and maintain transparency. Working Wardrobes' HR management system, Rippling <br /> will be used to track time, attendance and compensation for the WEX program. A copy of the <br /> organization's procurement policies and procedures will be provided as Attachment P. <br /> C. Working Wardrobes ensures compliance with government-funded programs by <br /> understanding all contract requirements, maintaining accurate documentation, and conducting <br /> regular reviews of service and financial data.The organization uses financial management <br /> software to track expenditures, monitor budgets, and ensure fiscal accountability. Program staff <br /> follow strict guidelines for approving and issuing payments. During the paid work experience, <br /> participants will track time and attendance through a system aligned with Working Wardrobes' <br /> financial management system.They will also use the HR management system, Rippling to access <br /> their schedule, sign in/out, and track bi-weekly compensation. Employer host sites will use a <br /> physical timesheet, which is reviewed, signed, and returned weekly.The Career Navigator will <br /> regularly review these logs for accuracy, and a form (Attachment Q) is provided for tracking and <br /> submitting weekly hours for approval. <br /> D.The invoicing process starts with the Career Navigator submitting payment requests, which <br /> are reviewed by the Client Services Manager and approved by the Director of Client Services. <br /> Payments are made via company checks or credit cards to service providers. Program staff, <br /> trained in financial management, ensure compliance with fiscal guidelines.The Chief People and <br /> Operations Officer oversees accounting,with invoicing handled by a Senior Accountant and <br /> supported by a fractional CFO from Fohrman & Fohrman, Inc.The Career Navigator, Wardrobe & <br /> Inventory Specialist, and Career Development Coordinator manage data collection and internal <br /> monitoring,collaborating with the accounting team to resolve any issues. <br /> E.Working Wardrobes maintains financial stability through a diversified funding base, including <br /> individual donations, corporate sponsorships, foundation grants, and earned income from <br /> program services.This model ensures resilience and the ability to continue providing high- <br /> quality services despite fluctuations in WIOA funding. <br /> F.A substantial portion of the total grant budget is allocated to youth services, including paid <br /> work experience,training, supportive services, and tuition support.The remaining funds cover <br /> overhead and administrative costs. All expenditures are monitored for alignment with program <br /> goals. Payments for Participant Incentives,Tuition and Supportive Services, including gasoline <br /> debit cards and bus passes, are issued via company checks or credit card to service providers, <br /> with no direct payments to participants. Supporting documentation, such as a supportive <br />