261—188.5(15) Job counting using base employment analysis. The authority will count jobs to be created or retained as part of a funded project using a base employment analysis. At the time of application, the business’s employment base will be established using payroll records pursuant to subrule 188.4(4). The authority will determine how many jobs at the project location already meet the qualifying wage thresholds (with and without the value of benefits added to the hourly wage). Changes in employment numbers as compared to the business’s employment base will be collected and analyzed by the authority as part of the annual reporting process.
	188.5(1) A base employment analysis will be performed at the following stages of an award:
	a. 	At the time of application, before the award is made.
	b. 	Annually during the reporting cycle.
	c. 	At the project completion date.
	d. 	At the maintenance period completion date.
	188.5(2) Payroll documents or lists run from payroll systems will be used to calculate and verify the base employment analysis. If a list run from a payroll system is used, the person who submits the documents must, under penalty of perjury, sign the list to verify that it is true and correct. The following items will be calculated and verified as part of the annual status report:
	a. 	The total number of FTEs at the funded facility or at other Iowa locations as identified at the time of application as of the date of the report.
	b. 	The average wage of all FTEs.
	c. 	The qualifying wage used in the award.
	d. 	The benefit value used in the award.
	e. 	The total number of FTEs at the funded facility or at other Iowa locations as identified at the time of application that are currently at or above the qualifying wage.
	f. 	The average wage of the FTEs identified in paragraph “e.”
	g. 	The total number of FTEs at the funded facility that are currently at or above the qualifying wage after the benefit value has been added.
	h. 	The average wage of the FTEs identified in paragraph “g.”
	188.5(3) Following is an example of the format that the authority will use for job counting and tracking using the base employment method.

JOB OBLIGATIONS	Employment Base	Jobs to Be Created	Total Job Obligations	
Project Completion Date:				
Project Maintenance Date:				
Total employment at project location	1	6	8	
Average wage of total employment at project location	2			
				
Qualifying wage (per hr)	3			
				
Number of jobs at or above qualifying wage	4	7	9	
Average wage of jobs at or above qualifying wage	5			

1.	The number entered in this cell is the total number of FTEs working at the project location at the time of application. This number must be verified with payroll documents.	
2.	The number entered in this cell is the average wage of all the FTEs identified in Cell 1. This number must be verified with payroll documents.	
3.	The number entered in this cell is the applicable qualifying wage threshold used in the award. This data point must include the wage/hr and the percentage in parentheses. [ex: $15.34/hr (130%)]	
4.	The number entered in this cell is the number of jobs identified in Cell 1 that meets or exceeds the wage reflected in Cell 3. This number is calculated using the payroll documents. The number of “retained” jobs and retained “other” jobs must be included in this entry. Please note that the number of retained jobs and the number entered here may not match since all jobs existing at the project site may not be considered retained.	
5.	The number entered in this cell is the average wage of all FTEs identified in Cell 4. This number is calculated using the payroll documents.	
6.	The number entered in this cell includes the number of “created” jobs, as well as the number of created “other” jobs.	
7.	The number entered in this cell is the number of “created” jobs in the project.	
8.	The number entered in this cell is the sum of Cell 1 and Cell 6.	
9.	The number entered in this cell is the sum of Cell 4 and Cell 7.	
[ARC 0442C, IAB 11/14/12, effective 12/19/12; ARC 6188C, IAB 2/9/22, effective 3/16/22]