Open topic with navigation

Calculate SDI Overview

Some states require interest be calculated and paid to residents with a security deposit on hand. State law governs the calculations which controls how much interest to pay and when. eSite is equipped to assist with those calculations.

Use the Calculate SDI option under the Processing menu to calculate interest due to your residents and have those amounts automatically post to an adjustment batch within the system.

Automatically Run Calculate SDI

If preferred, this process can be attached to the Begin of Day or AME processes so that eSite automatically executes the calculation of security deposit interest when either is run.

Calculations on the Calculate Security Deposit Interest report

This section provides information on the Eligibility From and Eligibility Thru Date calculations on the Calculate Security Deposit Interest report that prints after you run either the preliminary or final Calculate SDI process.

NOTE that the fields referenced below (in italics), when they are not options from the Calculation SDI screen, are from the Income Codes Interest Tab.

Eligibility From: Eligibility From + [Period of Delay and Count]

Eligibility Thru: Eligibility Through – 1 day

• If Eligibility Through is set to Move-Out Date, and the resident does not have a move-out date, then
  • when the Calculate SDI process has been run previously for the resident, then it is the last SDI Transaction Date – 1 day
    —OR—
    
  • when the Calculate SDI process has not been run previously for the resident, then it is the SDI Transaction Date + Frequency.
• If Eligibility Through is set to the SODA Date, and the resident does not have a SODA date, then either applies.

Example

Eligibility From = Date of Deposit Period of Delay = Months Delay Count = 3 Eligibility Through = Move-Out Date

Resident A

• Date of Deposit = 3/15/2015

• Move-Out Date = 10/20/2016

• Last Calculate SDI transaction Date = 4/25/2016

Resident B

• Date of Deposit = 3/15/2015

• Move-Out Date = n/a

• Last SDI transaction Date = 4/25/2016

Resident C

• Date of Deposit = 3/15/2015

• Move-Out Date = n/a

• Last Calculate SDI transaction Date = 3/15/2015

Calculate SDI

Resident A

• Eligibility From: 6/15/2015

• Eligibility Thru: 10/19/2016

Resident B

• Eligibility From: 6/15/2015

• Eligibility Thru: 4/24/2016

Resident C

• Eligibility From: 6/15/2015

• Eligibility Thru: 3/15/2016

See Also

Effect of Global Policies

Effect of Property Policies

Calculate SDI Tab

Processing Overview