Instructions For Preparing Form Hud-93104, Monthly Report Of Excess Income printable pdf download

Public reporting burden for this collection of information is estimated to average 30 minutes per response, including the time for reviewing instructions,

searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information.

This agency

may not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.

This information is collected to obtain full benefits authorized by the amended section 236(g) of the National Housing Act. The information will enable

HUD to ensure that project owners carry out their statutory obligations to remit to HUD all Excess Income that HUD has not authorized them to retain.

Responses are required to obtain and retain the benefits authorized and mandated by section 236 of the Act. The information is considered nonsensitive,

and there are no assurances of confidentiality.

Privacy Act Statement: The Department of Housing and Urban Development (HUD) is authorized to collect this information by Section 236 of the National

Housing Act, as amended, and the Employer Identification Number (EIN) by the Housing & Community Development Act of 1987, 42 U.S.C 3543 . The

information concerning the monthly reporting of excess income is being collected by HUD to: (1) ensure project owners comply with the program

requirements to accumulate, safeguard and pay HUD all rental charges collected in excess of the basic rental charges, (2) recover and enforce collection

actions through repayment plans and/or offset of future subsidy billings in accordance with 24 CFR 17, administrative claims, and assess civil money

penalties pursuant to Section 416 of the 1987 Housing and Community Development Act, as well as, (3) automate financial reporting needs. The EIN

is used as a unique identifier for closer monitoring of owners and agents. HUD may disclose this information to Federal, State and local agencies when

relevant to civil, criminal, or regulatory investigations and prosecutions. It will not be otherwise disclosed or released outside of HUD, except as required

and permitted by law. Failure to provide the information could affect your future participation in HUD programs.

Instructions for Preparing form HUD-93104,

Monthly Report of Excess Income

This form is designed to fit a window envelope.

A prorated amount of Excess Income must be computed and remitted

The following (and similar) items are excluded from the computations: Late

when only a partial month's rent payment is due and paid. Amounts

fees, NSF Check fees, utility surcharges, security deposit damage sur-

received in the current month for rents due in other months are to be

charges, Section 8 damage surcharges, Section 8 vacancy payments, local

applied to sums due the Operating Account and due HUD for those other

tax surcharges, and separate parking or cable television charges if these

months. If the information is not already available or readily extractable

amenities are not included in the Basic Rent.

from the project's rent rolls or ledger folios, the mortgagor must prepare

All Section 236 project owners (Insured, Non-insured, and HUD-held) must

a detailed monthly schedule of each unit that did not receive Rent

remit each month all rental receipts in excess of each unit's approved Basic

Supplement, RAP, or Section 8 Assistance of any type; this schedule (or

Rental Rate.

the rent roll) must show the basic rental charge for each unit and the

amount collected as rent in excess of the basic rental charge for each unit.

All Section 236 mortgagors are to:

This schedule (or rent roll) must be prepared each month regardless of

whether Excess Income is being remitted for that month. This schedule

1. Prepare and mail form HUD-93104 by the tenth of each month to report

(or rent roll) must show the following information for each unit that does

the prior month's collections. A report must be submitted each month,

not receive Rent Supplement, RAP, or Section 8 Assistance of any type,

whether or not a remittance is required.

and it must be presented to the independent public accountant performing

2. Forward the original form HUD-93104 to the address shown on the form,

the annual audit of the mortgagor at the time of the audit:

with a copy to the local HUD Office that has jurisdiction over the project.

Unit

Tenant

Basic

Tenant

Excess

3. Keep copies of the completed forms as part of the books and records of

Number

Name

Rent

Rental

Above

the project for at least seven years from the dates the forms are prepared.

Payment

Basic Rent

4. Attach a check for full payment of the total amount shown due, indicating

the project number and the month and year of the Excess Income

payment on the check.

Previous editions are obsolete.

form HUD-93104 (2/98)

Instructions For Preparing Form Hud-93104, Monthly Report Of Excess Income

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