7420.3 REV

APPENDIX 13

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

(Suggested Format)

Projected Costs and Available Authority

Part I \-- Projected Costs

1\. Gross rents at end of fiscal year

(monthly rent in last month X 12)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

2\. Total administrative fee at end of

fiscal year (fee in last month X 12)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

3\. Gross rents plus total administrative

fee (total of lines 1 and 2) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

4\. Project costs for the new term of

ACC as follows:

a\. 1.07 x Line 3 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

b\. 1.07 x Line 4a \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

c\. 1.07 x Line 4b \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

d\. 1.07 x Line 4c \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

e\. 1.07 x Line 4d \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

5\. Determine the number of years in the

new term of the ACC and insert appropriate

amount \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

(one year = line 4a

two years = lines 4b + 4a

three years = lines 4c + 4b + 4a

four years = lines 4d + 4c + 4b + 4a

five years = lines 4e + 4d + 4c + 4b + 4a)

6\. Determine gross family contributions at end

of fiscal year (GFCs in last month X 12)
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

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7420.3 REV

APPENDIX 13

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7.Project GFC for the new term

a\. 103.5% x line 6 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

b\. 103.5% x line 7a \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

c\. 103.5% x line 7b \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

d\. 103.5% x line 7c \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

e\. 103.5% x line 7d \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

8.Determine the number of years remaining

in the new term of the ACC and insert

appropriate amount \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

(one year = line 7a

two years = lines 7b + 7a

three years = lines 7c + 7b + 7a

four years = lines 7d + 7c + 7b + 7a

five years = lines 7e + 7d + 7c + 7b + 7a)

9\. Subtract line 8 from line 5 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Part II

Total Contract Authority Authorized

1.The amount of the AC X the new term of

the ACC \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

2\. ACC Reserve Account balance, if any
\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

3\. Total of lines 1 and 2 \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Part III

Total Contract Authority Available or Needed

(Part II - Part I) \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Divided by number of

years in ACC

(usually 5)

N.B.When Part III is a negative number, this amount should be added to
the

ACC.

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

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7420.3 REV

APPENDIX 13

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

Example

PHA - 100 two bedroom units

FMR \$220

ACC - \$264,000

An application for an additional 150 units is in the final stages of

approval. The Financial Management Analyst determines whether the

annual contribution currently authorized plus the ACC Reserve Account

will be sufficient to fund the 100 units for the new 5 year term of

the ACC.

Part I \-- Projected Costs

1.Gross rents at end of fiscal year

(monthly rent in last month X 12) 283,800

2.Total administrative fee at end of fiscal

year (fee in last month X 12) 22,440

3.Gross rents plus administrative fee

(total of lines 1 and 2) 306,240

4.Project costs for the new term of

ACC as follows:

a.1.07 x Line 3 327,677

b.1.07 x Line 4a 350,614

c.1.07 x Line 4b 375,157

d.1.07 x Line 4c 401,418

e.1.07 x Line 4d 429,517

5.Determine the number of years (5) in the

new term of the ACC and insert appropriate

amount 1,884,383

6.Determine gross family contributions at

end of fiscal year (GFCs in last month X 12) 60,000

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

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7420.3 REV

APPENDIX 13

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7.Project GFC for the new term

a.103.5% x line 6 62,100

b.103.5% x line 7a 64,274

c.103.5% x line 7b 66,523

d.103.5% x line 7c 68,851

e.103.5% x line 7d 71,261

8.Determine the number of years (5) in the

new term of the ACC and insert appropriate

amount 333,009

9.Subtract line 8 from line 5 1,551,374

Part II

Total Contract Authority Authorized

1.The amount of the AC X the new term (5)

of the ACC 1,320,000

2.ACC Reserve Account balance, if any 95,040

3.Total of lines 1 and 2 1,415,040

Part III

Total Contract Authority Available or Needed

(Part II - Part I) - 136,334

(Divided by 5)

Amount to be added to ACC 27,267

\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_

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