TMS 2000 Section 8 Help Centre...Pre-Merger Voucher Issues and DiscussionLast Revised: October 15, 1999Created: October 13, 1999Copyright 1999 by Custom Computer Systems, Inc. All rights reservedOverviewUnder the New Voucher Rent Calculation TMS 2000 ask you if Is this a Pre-Merger Voucher? What in the world is a Pre-Merger Voucher and why do I care? Lets answer why do I care first. Anybody that qualifies as a Pre-Merger Voucher has a slightly different rent calculation that could result in significantly different results. If there is a difference it will be to the benefit of the tenant. In some cases there will be no difference. In others the tenants rent could be say - $50 to $100 lower per month! How does TMS 2000 help?TMS 2000 will help you track and keep up with the voucher status. If a tenant moves in after 10/1/1999 it knows to respond No for the status. If you are working with a Pre-Merger Voucher and you do something in the rent calculation to change the status it alerts you as such. I.e., If you select exam type of New Move-in or Other Change of Unit it knows the Pre-Merger status must be No. Concerning the difference in the rent calculation TMS 2000 takes care of all that dirty work for you. At the end it even notes on the 50058 what type of calculation was used for your documentation. The bottom line is your rent calculations will continue to be easy and accurate. Okay already what is a pre-merger Voucher?Simply put the following people can be a pre-merger voucher:
Only those listed above can every be a Pre-Merger Voucher. Anybody or anything else - is not! Any regular certificate moved to voucher is not! Anyone moved in after September 30, 1999 is not. Once a Pre-Merger Voucher - How long do they stay a Pre-Merger Voucher?Once a person is a Pre-Merger Voucher they continue to be so until any of the following:
That is - any of the above events causes the tenant to forever loose their pre-merger status! A Change Event occurs if after 9/30/1999:
Basically, the only rent calculations you can do as a pre-merger voucher are Interims and Annuals. Anything else will likely be a change event! If any Change Event occurs we will forever cease to Administer that individual as a Pre-Merger Voucher Other Notes and IssuesCertificates moved to Voucher DO NOT get Pre-Merger status unless they were an OFTO certificate before. Anybody moved in AFTER 9/30/1999 does not get the Pre-Merger status. That is, any new admission or portability move-in occurring after 9/30/1999 - is NOT considered pre-merger (TMS 2000 knows this and effortlessly takes care it for you! In fact - TMS 2000 also knows when you change units, etc., and takes care of that too!) What is the Difference in the Rent CalculationImportant Note: The following is for discussion purposes only! TMS 2000 takes full and complete care of the calculation. No effort or thought of any kind is required on your part. TMS 2000 not only performs the correct calculation - it also clearly notes directly on the 50058 - how the calculation was performed leaving you clear, crisp documentation for your files! On all Regular Voucher Calculations on line 12j Voucher Payment Standard you insert the lower of the Payment Standard or Gross Rent (gross rent being rent to owner plus utility allowance or line 12q). On all Pre-Merger Voucher Calculations on line 12j Voucher Payment Standard you insert the Payment Standard (without any regard to gross rent). In cases where the Payment Standard is $80 higher than the gross rent the Pre-Merger method could make a difference of $80 per month to the tenant! If the gross rent is equal to or higher than the payment standard there is no difference. Thats it! Hope this helps you. Thank you for your indulgence. |