26.04.2014 Views

General Relief Policy - Department of Public Social Services

General Relief Policy - Department of Public Social Services

General Relief Policy - Department of Public Social Services

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

• Actual cost <strong>of</strong> essential repairs and upkeep.<br />

• Utilities paid by the owner.<br />

GR 44-122.9 – Formula<br />

for Determining Net<br />

Rental Income<br />

LEADER determines net rental income as follows:<br />

1. Gross Monthly Rental Amount: $___________<br />

2. Taxes $___________ ÷ 12 = $_____________<br />

3. Interest $__________ ÷ 12 = $_____________<br />

4. Insurance $________ ÷ 12 = $_____________<br />

5. Upkeep/Rep $______ ÷ 12 = $_____________<br />

6. Utilities $__________ ÷ 12 = $_____________<br />

7. Total Monthly Expense<br />

(total <strong>of</strong> #2 through #6) $__________________<br />

8. Total Monthly Net Rental<br />

(#1 minus #6) $_________________________<br />

GR 44-122.10 – Verify<br />

Rental Amount<br />

What is used to verify rental amounts?<br />

Duplicate copies <strong>of</strong> rent receipts issued by the GR<br />

individual to the renter are viewed.<br />

GR 44-122.11 – Verify<br />

Rental Expenses<br />

What is used to verify rental expenses?<br />

For verification <strong>of</strong> rental expenses, the following are<br />

viewed:<br />

• Tax statement.<br />

• Payment contract and canceled checks.<br />

• Insurance premium notice or canceled<br />

checks.<br />

• Any receipts for upkeep, repair, and utilities<br />

paid by the owner.<br />

GR 44-122.12 – Renting<br />

a Room<br />

How is income from renting a room determined?

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!