The Income & Expense tab displays the income, asset, and expense records for the household selected in the context bar as a worksheet. The information on this tab is used by Property Manager to calculate rent and building certifications, as well as in determining income level and funding program eligibility.
When you navigate to this tab for a household, a field that is populated with all of the funding programs in which the household is participating is displayed. If you select a different funding program, the rules for that funding program are applied, and the worksheet updates to display the relevant income and expense calculations for that funding program. By default, the selection in this field is the funding program with the most stringent rules. The hierarchy of funding program rules to apply is as follows: HUD, BMIR, PHA, USDA, LIHTC, RCS, and CONV.
There is one task available from this tab: Delete In-Progress Items (MM/DD/YYYY). Each new certification that is built through another task creates a new worksheet with assets, income, and expense rows to reflect the change for that period of time. When a certification is made invalid, the worksheet data remains in place in the event that it becomes valid again. With this precaution, the supporting data still exists in the worksheet table and does not need to be recreated.
You do not enter an expiration date on individual assets, income, and expense rows. When you create a new certification for a future period, you can copy any worksheet rows from a prior certification if they are still in affect for the new certification. Also, if you want to change or create a previous certification, you have the option to copy any new worksheet items to all certifications created after the effective date of the previous certification.
Worksheet rows for individual income, asset, expense records that are added through a task that also creates a certification are "In Progress" until the certification is created. These worksheet rows are linked with a certification created with the effective date. If a certification is never created for that effective date, the worksheet rows remain in progress, and are not included on certifications with different effective dates. These In Progress rows can be copied into a new worksheet for another certification.
Click the image for more information. A list of available tasks and additional information is below.
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Click on the Printer Icon to print out a copy of the selected Worksheet.
If you have a household in the application process and you a have already processed the application, you would use the Update Application task from the Household Detail > General Information tab to make any necessary changes to the household's income and expenses in regard to their application.