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					Calculation and Submission of
 Operating Subsidy Training


    June, July and August 2006

      Forms HUD-52722 and
          HUD-52723
                Training Modules
   Module 1 – Introduction
   Module 2 – Unit and Unit Months
   Module 3 – UEL (Utility Expense Level)
   Module 4 – Other Formula Expenses (Add-ons)
   Module 5 – Formula Income
   Module 6 – Transition Policy/Completion of Form
   Module 7 – Deleted Units and Asset Repositioning
    Fee
   Module 8 – New Units
Module 1: Introduction
Calculation and Submission of
 Operating Subsidy Training
            Training Objectives

   Understand Final Operating Fund
    Formula (“the Formula”)

   Complete Revised HUD-52722 and
    HUD-52723 Forms

   Emphasize Complex Parts of Formula
    and Forms
            Historical Background

   Quality Housing and Work Responsibility Act
    of 1998 (“QHWRA”)

   Negotiated Rulemaking 1999

   Harvard Cost Study

   Negotiated Rulemaking 2004

   Revision of 24 CFR Part 990 (“the Rule”)
              Reference Materials
   Final Rule (Sep. 19, 2005)

   PIH 2005-34 (Nov. 2, 2005) – General
    Information

   FR-5016-N-02 (Jan. 5, 2006) – Calculation of PEL

   PIH 2006-10 (Feb. 3, 2006) – Guidelines to
    Identify AMPs

   PIH 2006-14 (Mar. 22, 2006) – Transition
    Calculation and Asset Management Compliance
        Consequences of Final Rule
   Project-Based Funding
    • Direct funding of asset management
      properties


   Project-Based Budgeting and
    Accounting
    • Training in the Fall


   Asset Management
    • Primer Webcast Available
                Funding Shift
               PHA to Property
   FY 2006 – PHA-Level Funding
    • Interim Funding Formula (AEL)


   FY 2007 – PHA-Level Funding
    • Final Funding Formula (WAPEL)


   FY 2008 – Property-Level Funding
    • Final Funding Formula (PEL)
     Funding Method Comparison
             Interim Rule




Operating Fund        Public Housing
                        Authority
    Funding Method Comparison
            Final Rule




Operating Fund         AMPs

                      Public Housing
                        Authority
          Revised Funding Forms for
              FY 2007 Funding

   HUD-52723: Operating Fund
    Calculation of Operating Subsidy

   HUD-52722: Operating Fund
    Calculation of Utilities Expense Level
          Eliminated Funding Forms

   HUD-52722a: Calculation of Allowable Utilities
    Expense
   HUD-52722b: Adjustment for Utility
    Consumption and Rates
   HUD-52720a: Formula Data Collection
   HUD-52720b: Calculation of Formula and
    Delta
   HUD-52720c: Range Test and Determination
    of Base Year Expense Level
   HUD-52728: HA Calculation of Occupancy
    Percentage for a Requested Budget Year
    (RBY)
            Other Required Forms

   SF-424 Application for Federal Assistance

   HUD-50071 Certification of Payments to
    Influence Federal Transactions
    Operating Fund Submission Timeline
Calculation and Submission of Operating   June 9 to August 15,
Subsidy Training                          2006
Asset Management Properties (AMPs)        June 23, 2006
Approved
Weighted Average PEL (WAPEL) issued       August 5, 2006


HUD-52723 and 52722 Submission Deadline to September 15, 2006
Field Office
Field Office Review Completion Date       October 31, 2006
Deliver to HUD
FY 2007 Obligation                        January 1, 2007


HUD-52723 Revisions Deadline              July 15, 2007
            Types of Revisions

   PHA Error

   New/Deleted Units

   Transition/Stop Loss

   Extenuating Circumstances
       Final Operating Subsidy Formula –
              Major Components

   EUM – Eligible Unit Months

   PEL – Project Expense Level

   UEL – Utility Expense Level

   Add-ons – Non PEL/UEL expenses

   Formula Income – Rental Income
 Operating Subsidy Formula
        Interim Rule
      Operating Subsidy

             =

[(AEL + UEL) x UMA] + Add-ons

           minus

   [Formula Income x UMA]
 Operating Subsidy Formula
         Final Rule
      Operating Subsidy

             =

[(PEL + UEL) x EUM] + Add-ons

           minus

   [Formula Income x EUM]
  Operating Subsidy Formula
        Relationships


PEL


            Subsidy
  Operating Subsidy Formula
        Relationships



EUM

            Subsidy
  Operating Subsidy Formula
        Relationships



UEL

            Subsidy
   Operating Subsidy Formula
         Relationships



Add-ons

              Subsidy
  Operating Subsidy Formula
        Relationships



Income

             Subsidy
               HUD-52723 Format

   Hard Copy Submission
    • Signed copy
    • Mailed to HUD


   Excel Tool
    •   Auto-populated data
    •   Auto-calculation
    •   Submitted electronically
    •   Provides Historical Data
       Form HUD-52723 – Section 1




   Name and Address/ACC Number/DUNS

   Auto-populated in Excel Tool

   Please Verify Information
       Form HUD-52723 – Section 1




   Type of Submission: Original vs. Revision

   Original submission due Sept. 15, 2006

   Final Revision Due July 15, 2007
       Form HUD-52723 – Section 1




   Funding Period

   Funding Period Not Linked to PHA FYE

   FY 2007 = 01/01/2007 to 12/31/2007
       Form HUD-52723 – Section 1




   PHA Fiscal Year End

   Not in Operating Fund Calculation - Data
    Purposes Only
       Form HUD-52723 – Section 1




   Operating Fund Project Number

   Use existing PHA Project Number
    Section 3, Part A, Lines 01 through 04
        Formula Expense           Line         Source
PUM project expense level (PEL)   01     HUD Provided
Inflation Factor                  02     HUD Provided
PUM Inflated PEL                  03     Calculated
PEL                               04     Calculated



   In FY 2007 PEL will be replaced by
    WAPEL
                   WAPEL

   Weighted Average PEL

   FY 2007 Only

   Weighted by Asset Management
    Property Units

   Form HUD-52723 will not change for FY
    2007
            Section 3, Line 01 –
          PUM Project Expense Level




   Calculation Method – 990.165

   FY 2006 PEL (WAPEL)

   Provided by HUD
          Line 02 - Inflation Factor




   Weighted Average – Local Government Wages
    and Non-Wage Expenses

   Provided by HUD
        Line 03 – PUM Inflated PEL




   FY 2007 PEL (WAPEL)

   Calculated Automatically
                 Line 04 – PEL




   PUM PEL x EUM

   Calculated Automatically
      Module 2:
Units and Unit Months
Calculation and Submission of
 Operating Subsidy Training
                Funding Period

   January 1 to December 31 of a given
    year
    • Example: For FFY 2007, it is Jan. 1, 2007
      to Dec. 31, 2007


   All PHAs will be funded for the same
    period, regardless of PHA fiscal year
    end
               Reporting Period

   12-month period from July 1 to June 30

   Ends six months prior to the first day of
    the funding period
    • Example: For FFY 2007, it is Jul 1, 2005 to
      Jun 30, 2006


   Time period used to report unit
    information
           Section 2, ACC Units
   ACC Units on 7/1/__ (7/1/05)

   Units Added to ACC

   Units Deleted from ACC

   ACC Units on 6/30/__ (6/30/06)
Section 2, Lines 01 through 17
          ACC Unit Categorization

   Calculate the number of months a unit
    meets the criteria for a particular
    category

   Two-Step Process:
    1. Identify under which category unit was
       classified
    2. Determine number of months unit was
       classified in that category during the
       reporting period
              Unit Categorization –
           First or Last Day of Month
   PHA must choose first or last day

   Method must be consistent

    • Example: Unit was vacant on Jul. 1, 2005.
      Unit was approved for special use on Sep.
      20, 2005. PHA uses first day of month.

    • Sep. 1 – Vacant
    • Oct. 1 – Special Use
            Section 2, Column A

   Unit Months

   Includes all ACC
    units

   Used to determine:
    • Asset management
      and IT fee add-ons
Section 2 – Occupied Unit Categories
Line                        Category
01     Occupied dwelling units – by public housing
       eligible family under lease
02     Occupied dwelling units – by PHA employee,
       police officer, or other security personnel who is
       not otherwise eligible for public housing
03     New units – eligible to receive subsidy during the
       Funding Period but not included on Line 01 of this
       section
04     New units – eligible to receive subsidy from 10/1
       to 12/31 of previous funding period but not
       included on previous Calculation of Operating
       Subsidy
                Section 2, Line 01

   01 – Occupied dwelling units – by
    public housing eligible Family

    • Occupied by public housing eligible family
      under lease

    • Residents meet the income/eligibility
      qualifications for public housing

    • 990.140
              Section 2, Line 02
   02 – Occupied dwelling units – by PHA
    Employees, police officers

    • Occupied by PHA employee, police officer,
      or other security personnel who is not
      otherwise eligible for public housing

    • If these individuals are eligible for public
      housing, report on Line 01

    • 990.190(e)
              Section 2, Line 03

   03 – New units

    • Eligible to receive subsidy during the
      funding period but not included on Lines
      01, 02, or 05-13 of this section


    • Discussed during “New Units” module

    • 990.155(a)(1) and (b)(1)
              Section 2, Line 04

   04 – New units

    • Eligible to receive subsidy from 10/1 to
      12/31 of previous funding period but not
      included on previous Calculation of
      Operating Subsidy

    • Discussed during “New Units” module

    • 990.155(a)(1) and (b)(1)
     Section 2, Vacant Unit Categories
Line                        Category

05     Units undergoing modernization

06     Special use units

07     Units vacant due to litigation

08     Units vacant due to disasters

09     Units vacant due to casualty losses

10     Units vacant due to changing market conditions

11     Units vacant and not categorized above
         HUD-Approved Vacancies

   Vacancies approved by the HUD field
    office

   Approval is limited to the time period
    agreed to by the field office

   PHA must request renewal every two
    years
              Section 2, Line 05

   05 – Units undergoing modernization

   Two possible scenarios

   Scenario 1 conditions
    1. Modernization contract awarded or force
       account work started;
    2. Construction on schedule according to
       HUD-approved PHA Annual Plan; and
    3. Unit is vacant to perform work.
             Section 2, Line 05

   Scenario 2 conditions
    1. PHA treats unit as undergoing
       modernization in HUD-approved PHA
       Annual Plan;
    2. Time period for placing unit under
       construction not yet expired; and
    3. Unit is vacant to perform work.


   990.145(a)(1)
               Section 2, Line 06

   06 – Special use units
    • Resident services
    • Resident organization offices
    • Related activities, such as self-sufficiency
      and anti-crime initiatives


   Eligibility conditions apply

   990.145(a)(2) and Notice PIH 94-71 (HA)
              Section 2, Line 07

   07 – Units vacant due to litigation
    • Legally enforceable court order or
      settlement agreement

    • Regulatory and statutory requirements to
      avoid potential litigation

    • Voluntary compliance agreements with
      HUD or acceptable to HUD

    • 990.145(b)(1)
         Section 2, Lines 08 and 09

   08 – Units vacant due to disasters
    • Federally-declared, state-declared, and
      other-declared

    • 990.145(b)(2)


   09 – Units vacant due to casualty losses
    • Delays in settling insurance claims

    • 990.145(b)(3)
              Section 2, Line 10

   10 – Units vacant due to changing
    market conditions
    • External reason for changing market
      conditions

    • PHA has taken aggressive marketing and
      outreach measures

    • HUD-approved vacancy through appeal
      process

    • 990.145(c)
               Section 2, Line 11

   11 – Units vacant and not categorized
    above

    • Vacant

    • Available for occupancy

    • Not included on Lines 01 through 10 above
Section 2, Other ACC Unit Categories

Line                   Category
12     Units eligible for asset repositioning fee
       and still on ACC (occupied or vacant)


13     All other ACC units not categorized
       above
              Section 2, Line 12

   12 – Units eligible for asset
    repositioning fee and still on ACC
    (occupied or vacant)

    • Discussed during “Deleted Units” module

    • 990.190(h)
               Section 2, Line 13

   13 – All other ACC units not
    categorized above

    • Not eligible, but still on ACC

    • Not included on Lines 01 through 12
       Section 2, Column A, Line 15

   Total Unit Months

   Sum of Section 2,
    Column A,
    • Lines 01 through 04
    • Lines 05 through 11
    • Lines 12 through 13
             Section 2, Column B

   Eligible Unit Months
    (EUMs)

   Used to determine:
    • Project Expense
      Level (PEL)
    • Utilities Expense
      Level (UEL)
    • Formula Income
             Section 2, Line 06a

   06a – Units on Line 02 that are
    occupied by police officers and that also
    qualify as special use units

    • Included in eligible unit months (EUMs)

    • Special Use Unit
              Section 2, Line 14

   14 – Limited vacancies
    • Used in column B


   PHAs with more than 100 units
    • May receive subsidy for vacant units up to
      3% of total unit months

    • Calculation is lesser of:
        3% of Section 2, Column A, Line 15; or

        Section 2, Column A, Line 11
                Section 2, Line 14

   14 – Limited vacancies (continued)

   PHAs with 100 or less units
    • May receive subsidy for up to five vacant
      units

    • Calculation is lesser of:
        60 unit months; or

        Section 2, Column A, Line 11



    • 990.150
          Section 2, Column B, Line 15

   Total Unit Months
    (Eligible Unit
    Months)

   Sum of Section 2,
    Column B,
    •   Line 1
    •   Lines 3 through 4
    •   Lines 5 through 10
    •   Line 14
            Section 2, Column C

   Resident
    Participation Unit
    Months

   Used to
    determine
    funding for
    resident
    participation
    activities add-on
       Section 2, Column C, Line 15

   Total Unit Months
    (Resident
    Participation Unit
    Months)

   Sum of Section 2,
    Column C,
    • Line 1 through 4
              Section 2, Line 16

   Units eligible for funding for resident
    participation activities =
         [Total Unit Months]   ÷   [12]


   Section 2, Column C, Line 16 =
      [Section 2, Column C, Line 15] ÷ [12]

   Only in Column C
              Section 2, Line 17

   Unit months for which the actual
    consumption is included in Line 01 of
    form HUD-52722 and that were
    removed from Lines 01 through 11,
    above, because of removal from
    inventory, including eligibility for the
    asset repositioning fee

    • Discussed during “Deleted Units” module

    • Only in Column B
            Exercise 1a and 1b

   Refer to “Units and Unit Months –
    Exercise 1a” and form HUD-52723,
    Operating Fund Calculation of
    Operating Subsidy


   Refer to “Units and Unit Months –
    Exercise 1b” and form HUD-52723,
    Operating Fund Calculation of
    Operating Subsidy
           Module 3:
Utilities Expense Level (UEL)
  Calculation and Submission of
   Operating Subsidy Training
                 UEL Summary

   Utility expense level (UEL) is based on:
    • PHA’s consumption of its utilities

    • Actual average utility rates for each utility

    • Inflation/deflation factor
         UEL Summary (Continued)

   Sum of consumption of many utilities

   Historical utility data

   Utility consumption incentive

   Same reporting period as HUD-52723
      Consolidated UEL Forms

New          Form HUD-52722


Eliminated   Form HUD-52722 A



             Form HUD-52722 B
      Section 1 – General Information



   Name of Public Housing Agency

   ACC Number

   Operating Fund Project Number

   DUNS Number
      Section 1 – General Information




   Funding Period

   Type of Submission

   Fiscal Year End
      Section 1 – General Information




   Unit Change Indicator

   Frozen Rolling Base

   Rate Reduction Incentive
       Section 2 – Lines 01 and 01a




   01 – Actual consumption
    • By type of utility
    • For reporting period (7/1/__ to 6/30/__)


   01a – Unit of consumption
    • Unit of measurement for each type of
      utility in Line 01
      Section 3 – Lines 02, 03 and 04
                     Jan. 1st minus 18 months
                     Jan. 1st minus 30 months
                     Jan. 1st minus 42 months

   02, 03 and 04 – Rolling base year 1, 2,
    and 3 - actual consumption
    • For 12-month period ending June 30th that
      is 18, 30, and 42 months prior to the first
      day of the funding period
            Section 3 – Line 05


   05 – Total consumption during 3-year
    rolling base period

          [Rolling base year 1, Line 02]
                        +
          [Rolling base year 2, Line 03]
                        +
          [Rolling base year 3, Line 04]
            Section 3 – Line 06


   06 – Average rolling base consumption

[Total consumption during 3-year rolling
             base, Line 05]

                     ÷

                    [3]
        Section 3 – Lines 07 and 08



   07 – Actual consumption for new units
    • Only if PHA has added units to ACC


   08 – Rolling base consumption
    [Average rolling base consumption, Line 06]
                          +
    [Actual consumption for new units, Line 07]
             Section 4 – Line 09


   09 – Base Consumption

    • Lesser of:
            [Actual Consumption, Line 01]

                         or

         [Rolling Base Consumption, Line 08]
              Section 5 – Line 10


   10 – Actual consumption > rolling base

         If [Actual consumption, Line 01]

                  is greater than

    [Rolling base consumption, Line 08], enter
                difference as positive

                 If not, enter zero
              Section 5 – Line 11


   11 – Actual consumption < rolling base

         If [Actual consumption, Line 01]

                    is less than

    [Rolling base consumption, Line 08], enter
                difference as positive

                 If not, enter zero
              Section 5 – Line 12


   12 – 75%/25% Split
    • Consumption increased

    [Actual consumption > rolling base, Line 10]

                         x

                      [0.25]
              Section 5 – Line 13


   13 – 75%/25% Split
    • Consumption decreased

    [Actual consumption < rolling base, Line 11]

                         x

                      [0.75]
             Section 6 – Line 14


   14 – Annualization of consumption for
    new units
    • Only if PHA added new units to ACC that
      are eligible for subsidy during funding
      period
              Section 6 – Line 15


   15 – Payable consumption
           [Base consumption, Line 09]
                         +
             [75%/25% Split, Line 12]
                         +
             [75%/25% Split, Line 13]
                         +
    [Annualization of consumption for new units,
                       Line 14]
Utility Consumption Incentive –     Example

            Consumption (in gallons)
 Line   Description                   Increase
  01    Actual consumption              100
  08    Rolling base consumption         90
  09    Base consumption                 90
  10     Actual consumption > rolling    10
  11     Actual consumption < rolling     0
  12    75%/25% Split (.25)             2.50
  13    75%/25% Split (.75)               0
  15    Payable consumption            92.50
Utility Consumption Incentive –     Example

            Consumption (in gallons)
 Line   Description                  Decrease
  01    Actual consumption              90
  08    Rolling base consumption       100
  09    Base consumption                90
  10    Actual consumption > rolling     0
  11    Actual consumption < rolling    10
  12    75%/25% Split (.25)              0
  13    75%/25% Split (.75)            7.50
  15    Payable consumption           97.50
        Section 7 – Lines 16 and 17



   16 – Actual utility costs
    • For consumption in Line 01


   17 – Actual average utility rate
       [Actual average utility costs, Line 16]
                        ÷
          [Actual consumption, Line 01]
        Section 8 – Lines 18 and 19



   18 – Base utilities expense level
       [Payable consumption, Line 15]
                        x
     [Actual average utility rate, Line 17]

   19 – Surcharges for excess
    consumption
    Surcharges for Excess Consumption

   PHA collects surcharges from tenants
    for excess utility consumption

   Surcharges are treated as “income”

   Surcharges are subtracted from base
    utilities expense level, resulting in less
    UEL
        Section 8 – Lines 20 and 21



   20 – Base utilities expense minus
    surcharges
    [Base utilities expense level, Line 18]
                     minus
            [Surcharges, Line 19]

   21 – Utilities inflation/deflation factor
              Section 9 – Line 22


   22 – Utilities expense level adjusted for
    inflation/deflation

       [Base utilities expense level, Line 20]

                          x

    [Utilities inflation/deflation factor, Line 21]
            Section 9 – Line 23


   23 – Energy rate incentive

   PHA gets funding for 50% of the rate
    savings due to incentive

   Documentation to support rate savings
    required
             Section 9 – Line 24


   24 – Utilities expense level – whole
    dollars

     [Utilities expense level adjusted for
           inflation/deflation, Line 22]

                      +

       [Energy rate incentive, Line 23]
              Section 9 – Line 25


    25 – Eligible unit months, from Form HUD-
     52723, Column B
            [Total Unit Months, Line 15] +
    [Unit months for which actual consumption is
         included in Line 01 of form…, Line 17]

                       minus

    [New units – eligible to receive subsidy from
              10/1 to 12/31…, Line 04]
             Section 9 – Line 26


   26 – Utilities Expense Level – PUM

    [Utilities expense level – whole dollars,
                    Line 24]

                        ÷

        [Eligible unit months, Line 25]
Form HUD-52723, Part A, Line 05




     Enter PUM Utilities Expense Level
               on Line 05
      Avoid Distortion of Rolling Base
            Consumption Level

   A PHA shall report its rolling base
    consumption so as not to materially
    distort the rolling base period
       Situations Requiring Adjustments to Avoid
    Distortion of the Rolling Base Consumption Level

    Conversion from one utility type to another
     type

    Switch of utilities from resident-purchased to
     PHA-supplied, or vice versa

    Interruptible service

    Unoccupied projects and units
            Frozen Rolling Base




   PHA freezes rolling base at level prior
    to energy conservation measures

   Rolling base remains frozen for length
    of energy conservation measure
    contract
      Frozen Rolling Base (Continued)

   Benefit:
     • One time consumption decrease will benefit
       the PHA over the length of the contract
       rather than only for three years

     • PHA is funded for 100% of consumption
       savings rather than only 75% of
       consumption savings
     Frozen Rolling Base (Continued)

   PHA must prepare separate forms for
    projects and utilities involved

   Follow specific frozen rolling base
    instructions on form HUD-52722, pages
    6 and 7

   990.185(1)
                  Exercise 2

   Refer to “Utilities Expense Level –
    Exercise 2” and form HUD-52722,
    Operating Fund Calculation of Utilities
    Expense Level
Module 4: Other Formula
 Expenses (Add-Ons)
Calculation and Submission of
 Operating Subsidy Training
 Section 3, Part A, Lines 07 through 15
             Add-On                Line         Source
Self-sufficiency                   07     PHA Reported
Energy loan amortization           08     PHA Reported
Payment in lieu of taxes (PILOT)   09     HUD Provided/FASS
Cost of independent audit          10     HUD Provided/FASS
Funding for resident               11     Auto-calculated
participation activities
Asset management fee               12     Auto-calculated
Information technology fee         13     Auto-calculated
Asset repositioning fee            14     PHA Reported
Costs attributable to changes in   15     Not Applicable
federal law, regulation, or
economy
         Line 07 – Self-sufficiency

   Elderly/Disabled Service Coordinator
    (EDSC) Program only (no other ROSS
    programs)

   Only applies to 1995 grant recipients

   Based on allowable amount in FY 2004,
    adjusted for inflation
    Line 07 – Self-sufficiency (continued)

   For reasonable cost of salary, fringe
    benefits, and related administrative
    costs

   Supporting documentation must be
    provided in Section 4, Remarks

   990.190(a)
    Line 08 – Energy loan amortization

   Must be HUD-approved

   Includes the following costs accrued during
    the funding period:

    • Principal and interest for the energy conservation
      measures

    • Other direct costs related to the energy project


   990.185(a)(3)
     Line 09 – Payment in lieu of taxes

    PILOT = 10% of shelter rent

    Shelter rent =

    [Net Tenant Rental Revenue, FDS Line 703]

                        minus

     [Utility Costs, Financial Data Schedule Lines
       931 + 932 + 933 + 934 + 935 + 937 +
                          938]
       Line 09 – Payment in lieu of taxes
                  (continued)
   PHA receives 10% of shelter rent even
    if it has cooperation agreement with
    locality to pay less

   If shelter rent is a negative number,
    PHA receives $0 for PILOT
Line 10 – Cost of an independent audit

   Most recent actual audit costs from FDS
    submitted in FASS-PH

   From FDS, Line 912, Auditing fees

   Operating Fund portion only
     Line 10 – Cost of an independent audit
                  (continued)
   If PHA does not intend to have audit for the
    period, must enter zero

   If PHA intends to have audit for the period,
    but has no recent actual audit cost in FASS-
    PH, PHA must work with FO to establish audit
    cost

   If funding for audit is requested, audit must
    be completed

   990.190(d)
         Line 11 – Funding for resident
             participation activities
   $25 per unit

   Based on units occupied by:

    • Public housing resident

    • PHA employee, police officer, or other
      security personnel not otherwise eligible for
      public housing
     Line 12 – Asset management fee

   Based on total ACC unit months

   PHAs with at least 250 units:
    • $4 per unit month


   PHAs with fewer than 250 units:
    • Must transition to asset management to
      receive add-on
    • $2 per unit month
       Line 12 – Asset management fee
                  (continued)
   Asset management fee =
             [Total Unit Months]
                     x
                [$2 or $4]

   Section 3, Part A, Line 12 =
         [Section 2, Column A, Line 15]
                         x
                    [$2 or $4]
    Line 13 – Information technology fee

   Based on total ACC unit months

   $2 per unit month

   Information technology fee =
              [Total Unit Months]
                       x
                     [$2]
     Line 14 – Asset repositioning fee
   Discussed in “Deleted Units” module
    Line 15 – Costs attributable to changes in
       Federal law, regulation, or economy
   No amount permitted at this time

   Bookmark for future use
          Line 16 – Total Add-Ons

   Sum of Part A, Lines 07 through 15




        Total Add-Ons auto-calculated on Line 16
      Line 17 – Total Formula Expenses

    Sum of Part A, Lines 04, 06, and 16




Total Formula Expenses auto-calculated on Line 17
                Exercise 3

   Refer to “Other Formula Expenses
    (Add-Ons) – Exercise 3” and form HUD-
    52723, Operating Fund Calculation of
    Operating Subsidy
Module 5: Formula Income
 Calculation and Submission of
  Operating Subsidy Training
         Formula Income Summary

   Formula income is based on:
    • Rent charged to tenants
    • Unit months leased


   Data obtained from PHA’s 2004 audited
    financial information in the FDS
    submitted in FASS-PH
            Frozen at 2004 Level

   Formula income frozen at 2004 level
    • Not recalculated for FFY 2007 through 2009


   Exceptions:
    • Appeal for severe local economic hardship

    • Adjustment for changes in tenant utility
      allowances
    Line 01 – PUM formula income


    [Rent charged to tenants, 2004]
(from FDS Line 703, Net tenant rental revenue)


                      ÷

       [Unit months leased, 2004]
 (from FDS Line 1121, Number of unit months
                   leased)
Line 01 – PUM formula income




         PUM formula income
   auto-populated by HUD on Line 01
       Adjustments in Rental Income
    Changes in Tenant Utility Allowances
   Rent collections and rental income will change
    as tenant utility allowances increase or
    decrease

   Frozen FY 2004 income level needs to be
    adjusted

   Exception:
    • If PHA is HUD-approved to freeze the tenant utility
      allowance base as the result of energy
      conservation measures, then the PHA should not
      report the allowance in HUD-52723
 Changes in Tenant Utility Allowances

  Tenant Utility Allowances

Results In:
              Rental Income



         Operating Subsidy
 Changes in Tenant Utility Allowances

  Tenant Utility Allowances

Results In:
              Rental Income



         Operating Subsidy
    Line 02 – PUM change in utility allowances




                   Enter PUM change in utility
                      allowances on Line 02

   Decrease over 2004 entered as positive

   Increase over 2004 entered as negative in
    brackets
Calculation of Change in Utility Allowances
                  Step 1

    PUM Tenant utility allowances, 2004 =

          [Tenant utility allowances, 2004]
                (from PHA records)

                         ÷

             [Unit months leased, 2004]
     (from FDS line 1121, Number of unit months
                        leased)
Calculation of Change in Utility Allowances
                  Step 2
    PUM Tenant utility allowances, RP =

     [Tenant utility allowances, reporting period]
                 (from PHA records)

                          ÷

        [Unit months leased, reporting period]
                 (from PHA records)
Calculation of Change in Utility Allowances
                  Step 3
    PUM Change in utility allowances =

        [PUM tenant utility allowances, 2004]
                     (Step 1)

                       minus

  [PUM tenant utility allowances, reporting period]
                       (Step 2)
Line 03 – PUM adjusted formula income


       [PUM formula income]
             (Line 01)

                 +

  PUM change in utility allowances
            (Line 02)
Line 03 – PUM adjusted formula income




           PUM adjusted formula income
            is auto-calculated on Line 03
Line 04 – Total Formula Income


[PUM adjusted formula income]
  (Section 3, Part B, Line 03)

               x

   [Total eligible unit months]
 (Section 2, Line 15, Column B)
Line 04 – Total Formula Income




Total Formula Income auto-calculated
              on Line 04
                 Exercise 4

   Refer to “Formula Income – Exercise 4”
    and form HUD-52723, Operating Fund
    Calculation of Operating Subsidy
Module 6: Transition Policy
 and Completion of Form
 Calculation and Submission of
  Operating Subsidy Training
                 Objectives

   Review Transition Schedule/Transition
    Funding

   Explain Stop Loss Provision

   Finalize HUD-52723 Form
                Transition Policy

   Subpart F
    • Sections 990.220 – 990.235


   Notice PIH 2006-14
    • Detailed guidance on calculation of PUM
      Transition Amount
    • Includes seven criteria for asset
      management compliance
             Transition Funding



   Transition Funding

   Transition Funding is similar to “Add-on”

   EUM x PUM Transition Amount
          PUM Transition Amount
   (Final Rule Subsidy Level) - (Interim
    Rule Subsidy Level)

   Use FY 2004 Data for Calculation

   Calculated on a PUM Basis

   Modified Final Rule Formula
       Transition Schedule - Decliners

   Year 1 - 24% of PUM transition (FFY 2007)

   Year 2 - 43% of PUM transition (FFY 2008)

   Year 3 - 62% of PUM transition (FFY 2009)

   Year 4 - 81% of PUM transition (FFY 2010)

   Year 5 - 100% of PUM transition (FFY 2011) or
    Normal Funding under Final Rule
       Transition Schedule - Gainers

   Year 1 - 50% of PUM transition (FFY
    2007)

   Year 2 - 100% of PUM transition (FFY
    2008) or Normal Funding under Final
    Rule
        Transition Schedule - Decliners
                    Example

      Transition Amount – Decline of $100 PUM
                 (Eligible Unit Months = 100)
                 %           %         Realized   Unrealized
              Realized   Unrealized    Decrease   Decrease

2007 Year 1    24%          76%        $24 PUM     $76 PUM

2008 Year 2    43%          57%        $43 PUM     $57 PUM

2009 Year 3    62%          38%        $62 PUM     $38 PUM

2010 Year 4    81%          19%        $81 PUM     $19 PUM

2011 Year 5          Normal Funding Under Final Rule
       Transition Schedule - Decliners
                   Example

     Transition Amount – Decline of $100 PUM
                   (Eligible Unit Months = 100)
                  Unrealized         Eligible           Total
                  Decrease        Unit Months*   Transition Funding
2007 Year 1        $76 PUM            100             $7,600

2008 Year 2        $57 PUM            100             $5,700

2009 Year 3        $38 PUM            100             $3,800

2010 Year 4        $19 PUM            100             $1,900

2011 Year 5                 Normal Funding under Final Rule

 *Will vary year to year.
              Transition Policy – Gainers
                       Example
        Transition Amount – Gain of $50 PUM
                ((Eligible Unit Months = 100)
                  %            %        Realized   Unrealized
                Realized   Unrealized   Increase    Increase
2007 Year 1      50%         50%        $25 PUM    $25 PUM

2008 Year 2                     Full Funding
              Transition Policy – Gainers
                       Example
        Transition Amount – Gain of $50 PUM
                  (Eligible Unit Months = 100)

                 Unrealized     Eligible                Total
                 Decrease     Unit Months        Transition Funding

2007 Year 1      $25 PUM          100                -$2,500*

2008 Year 2                       Full Funding

 *Value is negative because the PHA’s operating subsidy is
 reduced by transition policy.
                  Stop Loss
   Subpart H

   Opportunity to limit funding reduction

   PHAs must be Asset Management
    Compliant

   Calculation based on PUM transition
    amount
    Stop Loss – Asset Management
         Compliance Schedule

  Compliance
                     Stop Loss        Effective As Of
    Date

October 1, 2006      5% of PUM           CY 2007
                  Transition Amount
October 1, 2007      24% of PUM          CY 2008
                  Transition Amount
October 1, 2008      43% of PUM          CY 2009
                  Transition Amount
October 1, 2009      62% of PUM          CY 2010
                  Transition Amount
October 1, 2010      81% of PUM          CY 2011
                  Transition Amount
                  Stop Loss Example
     Transition Amount – Decline of $200 PUM
                   (Eligible Unit Months = 100)

  Compliance        Stop     Unrealized   Incremental Stop Loss
    Date            Loss     Reduction        PUM      Amount
October 1, 2006     5%          95%          $190     $19,000
October 1, 2007    24%          76%          $152     $15,200
October 1, 2008    43%          57%          $114     $11,400
October 1, 2009    62%          38%           $76      $7,600
October 1, 2010    81%          19%           $38      $3,800
          Moving-to-Work (MTW)



   Moving-to-Work (MTW) – Part C Line 1

   990.165
       Moving-to-Work (MTW) PHAs

   Block Grant PHAs
    • Receive an operating subsidy as provided
      in Attachment A of MTW Agreements

    • Continue to have the right to request
      extensions of, or modifications to, MTW
      Agreements


   990.165
                  Part D
      Calculation of Formula Amount



   Formula Calculation

   Part A – Part B + Part C

   (Formula Expenses) – (Formula
    Income) + (Other Formula Provisions)
                  Part D
      Calculation of Formula Amount



   Cost of Independent Audit

   Same as Line 10 in Part A
                  Part D
      Calculation of Formula Amount




   Formula amount

   Greater of Formula Calculation or Audit
                   Part E
      Calculation of Operating Subsidy
   Subpart E

   Use of HUD Databases to Calculate
    Formula

   PHA’s Responsibility to Submit Timely
    Data
                  Part E
     Calculation of Operating Subsidy




   Formula amount

   Not Necessarily the Subsidy Amount

   Completed by HUD
                  Part E
     Calculation of Operating Subsidy




   Adjustments due to availability funds

   Based on Proration of Formula Amount

   (Formula Amount) x (Proration %)
                  Part E
     Calculation of Operating Subsidy




   HUD discretionary adjustments

   Will vary by PHA
                  Part E
     Calculation of Operating Subsidy




   Funds Obligated for Period

   (Formula Amount) – (Appropriations
    Adjustment) – (HUD Adjustment)
Module 7: Deleted Units
Calculation and Submission of
 Operating Subsidy Training
                 Objectives

   Define Deleted Unit

   Correctly Remove Deleted Unit Data
    from Reporting Period in HUD-52723

   Understand Implications of Deleted
    Units on HUD-52722

   Review Asset Repositioning Fee
                  Definition

   990.155

   All units in a project or an entire
    building in a project which are eligible
    for Asset Repositioning Fee

   Units removed from ACC without Asset
    Repositioning Fee
           Asset Repositioning Fee

   990.190

   Applications for Demolition or Disposition
    must be HUD Approved to receive Asset
    Repositioning Fee

   Supplements Demolition and Disposition
    Costs

   Asset Repositioning Fee replaces Operating
    Subsidy
    Asset Repositioning Fee Expenses

   Administration and Management

   Tenant Relocation

   Minimum Protection and Services
Asset Repositioning Fee Schedule
        Demolition Units

   75% of PEL for first 12 months

   50% of PEL for second 12 months

   25% of PEL for third 12 months
Asset Repositioning Fee Schedule
        Disposition Units

   75% of PEL for first 12 months

   50% of PEL for second 12 months
    Asset Repositioning Fee Funding

   Continues Despite Actual Expenses

   Continues Despite Actual
    Disposition or Demolition Schedule

   Continues Despite Replacement
    Vouchers or New ACC Units
     Replacement of Prior Add-ons

   Costs Attributable to
    Deprogrammed Units

   Phase Down for Demolitions

    • Determine Remaining Asset
      Repositioning Schedule as of Jan 1,
      2007
        Asset Repositioning Fee Timeline
                                                                                 First Day of Quarter
                                                                                   October 1, 2007
Project Approved for Demolition    First Unit Vacancy
           2/3/2007                     3/12/2007


                                                          3/12 - 9/12
                                                        6 Month Interval

            Feb       Mar         Apr      May          Jun         Jul    Aug   Sep         Oct        Nov   Dec
  1/1                                                                                                               12/31




   “Fee begins on the first day of the
 next quarter six months after the date
 the first unit becomes vacant after the
     relocation date included in the
        approved relocation plan.”
          Asset Repositioning Fee
           Timeline (continued)
   HUD-approval of demolition or
    disposition with tenant relocation plan

   Date of first vacancy

   Add six months to vacancy date and
    determine the next quarter start date

   Asset repositioning can only begin on
    1/1, 4/1, 7/1, or 10/1
         Asset Repositioning Units
          Impact on HUD-52723
   Units no longer eligible for Operating
    Subsidy due to Asset Repositioning

   Must “Delete” Data in Reporting Period
    from Lines 01 to 11

   “Deleted” Units Reported on Line 12 -
    Units Eligible for Asset Repositioning
    Fee
      Section 2 - Lines 01 through 11
      Unit Month Category        Line         Source
Occupied Dwelling Units….         01     PHA Provided
Occupied Dwelling Units –         02     PHA Provided
(Security)…
Unit undergoing modernization     05     PHA Provided
Special Use Units                06/6a   PHA Provided
Units vacant due to litigation    07     PHA Provided
Units vacant due to disasters     08     PHA Provided
Units vacant due to casualty      09     PHA Provided
losses
Units vacant due to changing      10     PHA Provided
market conditions
Units vacant and not              11     PHA Provided
categorized above
        Categorization of Unit Months

   Delete Unit Month
    Data by
    Categorization

   Use Reporting
    Period Data

   Delete based on
    Asset Repositioning
    Date
     Asset Repositioning Unit Months



   Line 12 – Units eligible for asset
    repositioning

   Unit months removed from Lines 01
    to 11 should be reported on Line 12
    Categorization Chart of Deleted Units

Asset Repositioning   # of Months Reported   # of Months Removed     Months
      Begins                in Line 12        from Lines 01 to 11    Deleted
    10/1/2005                  9                      3             Jul to Sep
     1/1/2006                  6                      6             Jul to Dec
     4/1/2006                  3                      9             Jul to Mar
     7/1/2006                  0                     12             Jul to Jun
    10/1/2006                  0                     12             Jul to Jun
     1/1/2007                  0                     12             Jul to Jun
     4/1/2007                  0                      9             Oct to Jun
     7/1/2007                  0                      6             Jan to Jun
    10/1/2007                  0                      3             Apr to Jun
     How to Identify Unit Month Category
 Funding
  Period    Jan   Feb   Mar   Apr   May   Jun   Jul   Aug   Sep   Oct   Nov   Dec




Reporting
   Period   Jul   Aug   Sep   Oct   Nov   Dec   Jan   Feb   Mar   Apr   May   Jun



    Crosswalk – Alignment of Reporting
     and Funding Period

    Category in Reporting Period
     Determines Line to Remove
          Asset Repositioning Fee
           Impact on HUD-52722

   Actual Consumption (Reporting Period)

   Actual Utility Costs (Reporting Period)

   Rolling Base

   Multi-Year Impact
     HUD-52722 Impacted Line Items
       Formula Expense   Line     Impact by Year
Actual Consumption….     01     Year 2
Rolling Base Year 1…     02     Year 2 to 3
Rolling Base Year 2…     03     Year 2 to 4
Rolling Base Year 3…     04     Year 2 to 5
Actual Utility Costs…    16     Year 2
         Asset Repositioning Fee
       Deletion of Consumption Data

   Based on First Vacancy Date after HUD
    Approved Relocation Date

   Scenario #1
    • 12 Months of Utility Data in Line 1 – Actual
      Consumption

   Scenario #2
    • Less than 12 Months of Utility Data in Line 1
      – Actual Consumption
       Deletion of Consumption Data
                  Example

   First unit in a project approved for asset
    repositioning vacated on 1/1/2007

   Unit generated 100 kwh of electricity
    consumption annually

   Unit kwh consumption cost $100
    annually
                    Asset Repositioning Fee
                  Deletion of Consumption Data
                                                  Actual Consumption of Deleted Unit
                                 FY 2007            FY 2008         FY 2009         FY 2010        FY 2011
       Line Item            (7/1/05 to 6/30/06)

Line 1 - Actual
Consumption                                 100                50             0                0              0

Line 2 - Rolling Base
Year 1                                      100               100         50                   0              0

Line 3 - Rolling Base
Year 2                                      100               100        100                  50              0

Line 4 - Rolling Base
Year 3                                      100               100        100              100                50

Line 16 – Actual Utility
Costs                                     $100                $50         $0                  $0             $0


                        Partial Year of Data                                      Full Year of Data
                    Asset Repositioning Fee
                  Deletion of Consumption Data
                                         Adjustments in Consumption Data of Deleted Unit
                                FY 2007           FY 2008         FY 2009         FY 2010        FY 2011
       Line Item           (7/1/05 to 6/30/06)

Line 1 - Actual
Consumption                                100              -50             0                0              0

Line 2 - Rolling Base
Year 1                                     100          -100            -50                  0              0

Line 3 - Rolling Base
Year 2                                     100          -100           -100             -50                 0

Line 4 - Rolling Base
Year 3                                     100          -100           -100            -100            -50

Line 16 – Actual Utility
Costs                                    $100           -$50            $0                  $0             $0


                        Adjustment                                              Full Year of Data
    Special Provision for Calculation of
                   UEL



   Unit Months for which actual consumption is
    included…..

   Reinserts deleted units into Eligible Unit
    Months calculation for HUD-52722

   Units reported in Line 17 still include
    consumption data in HUD-52722
Other Criteria for “Deleted Unit” Rolling
           Base Adjustment

   Units removed from ACC without Asset
    Repositioning Fee

   Switch from PHA Paid to Tenant Paid
    Utilities
      Demolition and Disposition Units
        Adjustment to Rolling Base

   If less than 10% of Units in a Building
    are Demolished/Disposed
    • No Adjustment to 52722

   If less than 5 Units in a Building are
    Demolished/Dispose
    • No Adjustment to 52722

   Consumption data flows through Rolling
    Base
                Exercise 5

   Refer to “Deleted Units – Exercise 5”
    and forms HUD-52723 and HUD-52722
 Module 8: New Units
Calculation and Submission of
 Operating Subsidy Training
                 Objectives

   Define New Unit

   Correctly Place New Unit Data on Form
    HUD-52723

   Understand Implications of New Units
    on HUD-52722 – (Rolling Base)
                  Definition

   990.155

   Unit Added to ACC

   Occupied by Eligible Family

   Added During or After Reporting Period
              New Unit Status

   First Day of Month

   Last Day of Month

   Consistency – Same for Both New Units
    and Unit Categorization

   Assumed to be Fully Occupied for
    Funding Period
             Impact on HUD-52723

   Eligible Unit Months

   Resident Participation

   Asset Management Fee

   IT Fee

   UEL/PEL/Formula Income
       Section 2, Lines 01 through 04
         Unit Category            Line        Source
Occupied Dwelling Units…..        01     PHA Provided
New Units – Eligible to Receive   03     PHA Provided
Subsidy During the Funding
Period…..
New Units – Eligible to Receive   04     PHA Provided
Subsidy from 10/1 to 12/31 of
Previous Funding Period…..
Impact on Line 01 – Occupied Dwelling
                Units
   Occupied Dwelling
    Units

   Includes Only Partial
    Year of New Unit
    Data

   0 to 12 Unit Months
    per Unit
        Impact on Line 03 – New Units

   New Units – Eligible
    in FY 2007

   Eligible for Funding
    but Not Reported

   Eligible for 0 to 12
    Unit Months per Unit
       Impact on Line 04 – New Units

   New Units – Eligible
    in FY 2006

   Not Included in FY
    2006 Funding

   Eligible for 0 to 3
    Unit Months per Unit
              New Unit Categories
   Category #1: Units Added During Reporting Period
    (7/1/2005 to 6/30/2006)

   Category #2: Units Added After Reporting Period
    but Before FY 2006 Final Revision (7/1/2006 to
    7/15/2006)

   Category #3: Units Added After Reporting Period
    and After FY 2006 Final Revision in CY 2006
    (7/16/2006 to 12/31/2006)

   Category #4: Units Added in Funding Period
    (1/1/2007 to 7/15/2007)
         Category #1: Units Added During
                Reporting Period
                                                                                       2/18
      FY 2007 Reporting Period - 7/1/2005 to 6/30/2006                               New Units


                                                                                                           Eligible Unit Months

           Aug           Sep          Oct          Nov          Dec          Jan     Feb         Mar           Apr         May            Jun
7/1                                                                                                                                                  6/30



      FY 2007 Funding Period - 1/1/2007 to 12/31/2007
                                       7 Unit Months                                                            5 Unit Months
          Line 3 - New Units Eligible to Receive Subsidy During the Funding Period                     Line 1 - Occupied Dwelling Units




                                  Eligible Unit Months                                                    Eligible Unit Months

            Feb         Mar          Apr          May          Jun          Jul      Aug         Sep          Oct          Nov            Dec
1/1                                                                                                                                                 12/31



      FY 2006 Funding Period - 10/1/2006 to 12/31/2006                                                           0 Unit Months
                                                                                           Line 4 - New Units Eligible to Receive Funding 10/1 to 12/31




                                                                                                                Nov          Dec
                                                                                                   10/1                                   12/31
Category #2: Units After Reporting Period
    Prior to FY 2006 Final Revision
                                                                                            7/1
                                                                                                                    7/15
                                                                                          New Unit             Final Revision
                        Reporting Period (7/1/2005 to 6/30/2006)



                                                                                                                   Eligible Unit Months

      Aug         Sep   Oct   Nov     Dec     Jan      Feb      Mar     Apr     May       Jun     Jul      Aug          Sep   Oct     Nov       Dec
7/1                                                                                                                                                   12/31


  FY 2007 Funding Period - 1/1/2007 to 12/31/2007
                                                                  12 Unit Months
                                      Line 3 - New Units Eligible to Receive Subsidy During the Funding Period




                                                             Eligible Unit Months

            Feb         Mar     Apr          May          Jun           Jul         Aug           Sep            Oct          Nov         Dec
1/1                                                                                                                                                   12/31




  FY 2006 Funding Period - 10/1/2006 to 12/31/2006                                                                            0 Unit Months
                                                                                                        Line 4 - New Units Eligible to Receive Funding 10/1 to 12/31




                                                                                                                              Nov         Dec
                                                                                                                 10/1                                 12/31
Category #3: Units Added After Reporting
Period and After FY 2006 Final Revision
                                                                                                 7/15                    9/30
                                                                                            Final Revision             New Unit
                        Reporting Period (7/1/2005 to 6/30/2006)



                                                                                                                               Eligible Unit Months

      Aug         Sep   Oct   Nov     Dec     Jan      Feb      Mar     Apr     May       Jun     Jul      Aug          Sep     Oct    Nov      Dec
7/1                                                                                                                                                   12/31


  FY 2007 Funding Period - 1/1/2007 to 12/31/2007
                                                                  12 Unit Months
                                      Line 3 - New Units Eligible to Receive Subsidy During the Funding Period




                                                             Eligible Unit Months

            Feb         Mar     Apr          May          Jun           Jul         Aug           Sep            Oct            Nov       Dec
1/1                                                                                                                                                   12/31




  FY 2006 Funding Period - 10/1/2006 to 12/31/2006                                                                            3 Unit Months
                                                                                                        Line 4 - New Units Eligible to Receive Funding 10/1 to 12/31




                                                                                                                              Eligible Unit Months

                                                                                                                                Nov       Dec
                                                                                                                 10/1                                 12/31
       Category #4: Units Added During
               Funding Period
                                                                                                                     4/26
                                                        Final Revision Date
                                                               7/15
                                                                                                                   New Unit
          Reporting Period (7/1/2005 to 6/30/2006)



                                                                                                                        Eligible Unit Months

      Aug Sep Oct   Nov Dec   Jan   Feb Mar   Apr May Jun     Jul    Aug Sep Oct     Nov Dec       Jan     Feb Mar    Apr May Jun         Jul
7/1                                                                                                                                         7/15


  FY 2007 Funding Period - 1/1/2007 to 12/31/2007
                                                                             9 Unit Months
                                                 Line 3 - New Units Eligible to Receive Subsidy During Funding Period




                                                                       Eligible Unit Months

          Feb       Mar       Apr       May       Jun          Jul        Aug          Sep           Oct          Nov          Dec
1/1                                                                                                                                        12/31

  FY 2006 Funding Period - 10/1/2006 to 12/31/2006
                                                                                                                   0 Unit Months
                                                                                             Line 4 - New Units Eligible to Receive Funding 10/1 to 12/31




                                                                                                                  Nov          Dec
                                                                                                    10/1                                   12/31
           Impact on HUD-52722

   Need to Annualize New Unit
    Consumption

   Rolling Base Changes

   Multi-Year Impact
           Impact on HUD-52722
            New Unit Revisions

   No Changes to HUD-52722 Due to New
    Unit Revisions

   New Units Added After Reporting Period
    do not require update to UEL Calculation

   UEL is PUM Base, Utility Expense Funded
    through EUM Increase
      Section 1 – General Information




   Unit Change Indicator Box
     HUD-52722 Impacted Line Items
           Line Item           Line     Impact by Year
Actual Consumption….           01     Year 1 to Year 5
Actual Consumption for New     07     Year 1 and Year 2
Units…..
Annualization of Consumption   14     Year 1 Only
for New Units


Rolling Base Year 1…..         02     Year 2 to 5
Rolling Base Year 2…..         03     Year 3 to 5
Rolling Base Year 3…..         04     Year 3 to 5
     Section 2 – Current Consumption




   Line 1 – Actual Consumption

   Matches Reporting Period (7/1/2005 to
    6/30/2006)

   Includes New and Existing Unit
    Consumption Data
Section 3 – Rolling Base Consumption




   Line 7 – Actual Consumption for New
    Units

   New Consumption Data is added to
    Rolling Base
    Section 6 – Payable Consumption




   Line 14 – Annualization of
    Consumption for New Units

   Estimates missing new unit
    consumption data from reporting
    period

   Line 7 + Line 14 should equal 12
    months of consumption
      HUD-52722 Additional Reporting
             Requirements

   Consumption Data attached with HUD-
    52722

   Consumption Estimate Methodology
    attached with HUD-52722
Section 3 – Rolling Base Consumption




   Does not include New Unit Utility
    Consumption Data
         Impact on Rolling Base
        Year 1 - New Units Added
   No New Unit Consumption Data
    reported in Rolling base

   Use Line 07 – Actual Consumption for
    New Units
           Impact on Rolling Base
     Years 2 to 5 After New Units Added

   Line 2 (Rolling base year 1) = Partial Year
    Data
    • Report zero in rolling base year 1
    • Use Line 7 – Actual Consumption for New Units

   Line 2 (Rolling base year 1) = Full Year
    Data
    • Rolling base year 1 as reported
    • Rolling base year 2 or 3 as reported or previous
      rolling base year
    • Line 7 equals 0
      Adjustment of Consumption Data
                 Example

   Unit is added to the ACC and occupied
    by an eligible family on February 1,
    2006

   Unit consumed 50 kwh of electricity
    consumption during reporting period

   Unit is expected to consume 120 kwh of
    electricity consumption annually
                   Adjustments to HUD-52722
                   New Unit Consumption Data
                                      FY 2007
        Line Item                (7/1/05 to 6/30/06)       FY 2008       FY 2009       FY 2010       FY 2011

Line 1 - Actual
Consumption                                       50             115          130           140           150

Line 2 - Rolling Base Year
1                                                      0             0        115           130           140

Line 3 - Rolling Base Year
2                                                      0             0        115           115           130

Line 4 - Rolling Base Year
3                                                      0             0        115           115           115

Line 7 - Actual
Consumption for New Units                         50             115               0             0             0

Line 14 - Annualization of
Consumption for New Units                         70                 0             0             0             0


                  Full Year of                             Partial Year of                 Adjustment
                  Data                                     Data
                 Exercise 6

   Refer to “New Units – Exercise 6” and
    forms HUD-52723 and HUD-52722

				
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Description: Operating Income Summary Form document sample