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YTD Calculation

Posted on: July 18th, 2019 by Christa Landram No Comments

As of October 2018, the following guidance was provided for Year-to-date (YTD) calculation.

Procedurally, we do not require a property to use a year to date (YTD) calculation method and conversely, will not cite a property for using this method; however, if they do use it, we will also consider that calculation in our review(s).

Many properties choose to use this calculation due to concerns that the paystubs or employer’s verification provided, do not show a true reflection of hours, pay, etc. This can be for a number of reasons, which can include hours, OT, commission, and bonuses.

If a property does choose to use YTD, it should be used consistently and with all files where YTD is provided. When a property is not consistent with the use or non-use of this calculation, we will write it up as a general comment.

In the event we review a file that would have been over-income by use of YTD, and the owner chose not to include the calculation for this reason, we will cite it as noncompliance if the owner’s standard procedure is to use that method for all other files.

In summary, we will monitor this calculation in a manner consistent with the owner’s procedures.

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