OperatingSubsidyCalculationforMixedFinanceProjects.pptVIP

* * * * Financial Management Division Operating Subsidy Calculation for Mixed Finance Projects February 11, 2009 * Discussion Items Determining Operating Subsidy Eligibility Funding of New Projects/Units Project Expense Level (PEL) How to Request PEL Utilities Expense Level (UEL) Formula Income Add-on: PILOT Add-on: Audit Cost Other Add-Ons * 1. Determining Operating Subsidy Eligibility There are four major components to the calculation of a PHA’s operating subsidy: Project Expense Level (PEL). Model-generated estimate of the cost of operating each project, exclusive of utilit