Use this tab to calculate and adjust tenant charges based
on value changes within Consumer Price Indexes. The CPI program produces
monthly data on changes in the prices paid by urban consumers for a representative
basket of goods and services.
Select Properties
Click to select properties from the Select
Properties tab. The process runs for all selected properties.
CPI Group Code
The group code tells the system which tenant CPI
escalations to use for the calculations. CPI group codes are established
on the CPI Group Codes Tab.
Preliminary
Select this check box (recommended) to run a preliminary
update to review and audit adjusted amounts, tenant charges, and retroactive
billings generated as a result of CPI changes before running the final
update. Or, clear the check box to run a final update to bill those amounts
to tenants and print associated CPI statements.
Report Name
This option is available when the Preliminary
option is not selected. The Report Name is a system-generated report name
that is created when the final CPI Calculations are run and is saved in
the Amsiweb\eSiteweb\Output folder. To avoid overwriting an existing file
the next time the process is run, the system gives the report a unique
file name that includes the User ID and date.
Description
This option is available when the Preliminary
option is not selected. Type a description for the file that is created
when the CPI Calculations are run.
Current CPI Index (mm/yyyy)
The period of the current CPI index values to
use as a basis for calculating CPI adjustments. For example, if the current
CPI index is January 2006, then system pulls the corresponding 01/2006
index value from the table defined on the Tenant Profile tab.
CPI Period for Increase Due From/Thru
The date range used to calculate CPI escalations.
Tenants whose anniversary date falls between the From and Thru dates are
included in the calculations. When processing CPI calculations, the software
uses an anniversary date. This date is calculated as follows:
The software checks the tenant for a Date of Last
Calc on the CPI Increases Details tab. If no Date of Last Calc exists,
the software uses this Starting Date on the CPI Increases Setup tab. This
date is used in conjunction with the Frequency on the on the CPI Increases
Setup tab to determine the anniversary date. For example, if a tenant
has a Date of Last Calc or Starting Date of 01/01/2004 and a frequency
of Annual, the anniversary date will be 01/01/2005.
When generating CPI escalation statements, the
software compares the anniversary date to the date range entered here.
If the anniversary date falls within this range, the tenant payment amount
will be adjusted and the Date of Last Calc field updated. This allows
the CPI escalation function to adjust only those tenants requiring a CPI
change.
Retroactive Billing
Because the CPI values for a particular time period
are normally not available until after the tenant's anniversary period,
increases may be calculated retroactively. This retroactive amount may
be billed to a tenant using the income code defined in the Tenant Profile.
Select this check box (default) to create tenant
billings for the months which have passed since the increase was scheduled
to begin. This is to accommodate the time lag in receiving the latest
published index rate. Or, clear the check box to indicate retroactive
billings or calculations should not be created or run.
Bill Charges Through
The date (mm/dd/yyyy) identifying the end of the
tenant's retroactive billing period. This date is used to determine the
tenant billing for the number of months which have passed since the increase
was scheduled. Typically, this is the system current period. The Calendar
Button enables you to select a date.
Retroactive Billing Due
The tenant due date (mm/dd/yyyy) for retroactive
billing charges. The Calendar Button enables you to select a date.
Print CPI Statements
Select this check box (default) to print CPI statements
after the CPI Calculation Report. Or, clear the check box to indicate
CPI statements should not be printed.
Document
Select the CPI statement letter into which the
system will merge the tenant CPI billing details.
Message
If desired, add any additional message to be printed
on the CPI Escalations Statements.
Cancel
Click to exit the tab without saving changes.
Process
Click to process the request.
Fields