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3. Annualized project wages — Since the first Annual Certification Period is less than 12 months and some employees may work for less than 12 months during any Annual Certification Period, it is sometimes necessary to annualize the average wage for the Closing Fund Awardee or the wages of individual employees used to calculate the average annual wage. One of the following methods should be used for that purpose: a. If the Closing Fund Awardee does not meet the conditions outlined in Section IV-A, the Closing Fund Awardee must submit the information indicated in Section IV-B and calculate the average wage by annualizing the actual wages paid to all Closing Fund Awardee employees during the Annual Certification Period and summing those figures to obtain a total annualize payroll for the period and dividing by the average number of employees for that Annual Certification Period. b . Worksheets, hard copy and/or electronic format (MS Excel format preferred), showing these calculations should be submitted with the claim. All hard copies of worksheets should be signed. (2) Section IV. EMPLOYMENT AND WAGE DOCUMENTATION Documentation to support both base period jobs and refund period jobs should include the following information: A. If the Closing Fund Awardee is registered as a separate business unit or worksite, for unemployment compensation purposes, and the employment information reported reflects the number of full-time-equivalent employees at the business unit or worksite, the Closing Fund Awardee may simply submit a copy of the forms that have been submitted for unemployment compensation purposes (the forms are due to the unemployment compensation agency on the fifteenth of the month following the end of each quarter) with the applicable certification documents. The reports submitted should cover the Base Period defined in Section 5 .0(1 )(a) of this agreement, and the twelve months preceding the December 31 certification date. B . If the Closing Fund Awardee is not registered as a separate business or reporting unit, or if there is substantial part-time employment or employee turnover during pay periods, then in addition to the information listed in Section IV-A above for the Closing Fund Awardee, or the business unit of which the Closing Fund Awardee is a part, the Closing Fund Awardee must submit a list of all employees at the business unit or reporting unit, identifying those employees working at the Closing Fund business during the Base Period and for the twelve months proceeding the December 31 annual certification date. 3745/01/00234567.DOC% 5 )