LFM definition
Examples of LFM in a sentence
For all other required partners with state agencies, infrastructure contributions will be transferred to DWS as a lump sum based on the LFM for the said agency.
For required partners without a State agency, but which are federally funded, the LFM is used as well; however, this negotiation will vary per WDB and should be outlined in the table below.
The LFM is used to negotiate appropriate contributions from each required partner that will be allocated to the - workforce board as outlined below.
In submitting supplemental funding requests, the awardee shall follow the PAPPG and the LFM for instructions.
There is a two-tiered approach for determining infrastructure and additional cost for required WIOA Career Center partners using the Local Funding Mechanism (LFM).
For Temporary Assistance for Needy Families (TANF), Community Services Block Grant (CSBG) and Senior Community Service Employment (SCSEP) programs, the LFM method uses a funding percentage cap of 1.5% to determine the agency’s proportionate share of infrastructure and additional costs.
Income smoothing: The Parties are committed to ensuring reasonable income smoothing as part of the LFM model.
All other contractual performance and compliance issues arising in respect of Clinical Academic Funding Plan, Alternative Payment Plan or LFM payment arrangements shall be resolved pursuant to the terms of the applicable contracts.
An LFM Physician shall not take leave or otherwise be absent from practice or reduce services for greater than six weeks in total during a year, without the prior written approval of the Minister and the Nova Scotia Health Authority, which approval shall not be unreasonably denied.
Not all APP/CEC contracts are suited to transitioning to the LFM model at this time.