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4.16 35 Percent Expenditure Training Goal for Program Year Formula Allocations | 4.16.3 Reporting Requirements

4.16.3 Reporting Requirements

Effective Date: July 1, 2022

Local WDBs shall maintain accounting records to accurately identify and account for the 35% direct cost services expenditures. WDBs must report the costs they count toward the 35% expenditure goal monthly in the Contract Management and Expenditure Tracking (COMET) System as memo activities. These costs should be reported in COMET at the time they are incurred.

NOTE: A participant does not have to complete the related service for the associated costs to count toward the goal.

To evaluate achievement of this goal, the amounts reported in COMET will be compared to total program expenditures over the life of each grant (e.g., the PY21 Adult and Dislocated Worker formula allocations). In the event that funds are transferred between programs, the 35% goal will be evaluated against the modified grant amounts.