The Shared Services Legislative Report outlines the expenditures for the Labor and Workforce Development Shared Services for Fiscal Year 2024, as mandated by Chapter 28 of the Acts of 2023. The report details the allocation of funds from line item 7003-0101, which covers essential administrative functions within the Executive Office of Labor and Workforce Development (EOLWD). These functions include human resources, financial management, information technology, legal services, procurement, and asset management, all centralized to better support the needs across the secretariat.
The report specifies various administrative expenses, including payroll, employee travel, payroll taxes, rent, utilities, management and financial consulting, programmatic costs, and IT costs, totaling $20,489,279.02. Notably, the report includes specific budgetary allocations for each category, such as $7,893,751.85 for payroll and $6,398,547.16 for IT costs, among others. This structured financial overview aims to enhance transparency and accountability in the management of shared services within the EOLWD.