This table is used to add Passbook Rates for specific funding programs that are different from the default rates. These Passbook Rates are what used on the various certification forms on the Household Detail > Transactions tab and are used to calculate income from assets when applicable and/or required on the Household Detail > Income and Expense tab.
The passbook rate of 2.00% is the default rate to be used when HUD, PHA, Tax Credit and USDA Rules apply and are listed in the table in blue with an effective date of 05/01/2005. If you have a funding program for a community that allows a different passbook rate to be used, you will add that here with an effective date after 05/01/2005.
PHA has set the Passbook Rate for all PIH Programs to 0% for new move-in certifications effective 09/08/2011. All other certifications that are effective 11/01/2011 and after will use 0%. Any user overrides to this table for PHA funding programs where PHA Rules apply will be ignored in favor of this default rate.
When adding a new Passbook Rate for the selected community for the funding program selected, make sure to have the effective date be after 05/01/2005. If you set the effective date before this date, the default rate for the rules that apply to that funding program will be in effect.