Appendix e

Report Methodology

Report rearranges format and comparisons
For those familiar with previous semi-annual project status reports released by the Department, you will see some changes in the format and analysis of this Annual Report. Similar data has been compiled, but it is presented differently this year.

Individual Projects – detail view
Projects in the portfolio area assigned one of 8 Project Status categories:

1. Projects in Contract Negotiations.
2. Projects Too New to Report (April, May, June 2007 awards).
3. Projects Under Contract – In Performance.
4. Projects Under Contract – In Maintenance.
5. Closed Contracts (Completed).
6. Projects Declined or Rescinded.
7. Projects in Default.
8. Projects in Collections.

More detailed information about each Project is now available on IDED’s Web site. This new format provides additional information about the assistance provided to a Project. It includes details such as the programs providing assistance, the forms of the assistance (e.g., loan, forgivable loan, royalty, guarantee), the award amount, the details of each Funding Agreement (the Award Date, the Project Completion Date and the Maintenance Date), and the status of each Funding Agreement (e.g. in performance, in maintenance, closed, default and in collections).

Comparing contract obligations to contract performance
In an effort to more clearly communicate whether companies are meeting or not meeting their contract job, wage and total project cost obligations, this year’s Report compares contract obligations to contract performance. This more easily allows the public to determine how each individual contract is performing and if the State is on target to getting the number of jobs for which it contracted.
               
Extra Jobs Reported
Extra jobs reported that are in excess of contract requirements are now listed separately in this Report. These extra jobs are not used to meet contractual obligations, but are part of the overall employment at the Project location.