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EXHIBIT 1 <br />Current Family Circumstances: Income Reported on Reexamination Application <br />Samantha and Fergus reported how much income was earned/received in the previous 12-month <br />period and noted permanent changes, where applicable, for each source of their income on <br />PHA's annual reexamination form. However, no information was reported by the family <br />concerning other non -wage income. Fergus reported only wages and his current employment at <br />Ian's Fish `n' Chips for the annual reexamination. The family supplied the supporting <br />documentation noted below to the PHA for the I I/1/2024 annual reexamination. <br />Samantha: Fergus: <br />Business income: $28,750 (last year); has Wages: $6,000 <br />decreased to $18,000 (permanent change) <br />VA disability benefit: $12,000 (last year); has <br />increased to $12,300 (permanent change) <br />Child support: $2,400 (last year); has <br />decreased to $1,200 (permanent chan <br />Calculatinfz Samantha's Net Business Income <br />Step 1: Determine prior annual net business income (i.e., $28,000 on last HUD-50058). <br />Step 2: Take into consideration any interim reexamination of family income completed since the <br />last annual reexamination. In this case, there have been no interim reexaminations processed <br />since the last annual reexamination. <br />Step 3: Adjust to reflect current net business income. Samantha reported on the annual <br />reexamination application that business income permanently decreased to $18,000. The PHA <br />must obtain supporting documentation from Samantha that demonstrates current net business <br />income. Samantha provided documentation that supported the current annual net business <br />income is $18,000. Process the annual reexamination effective l l/1/2024 using annual net <br />business income determined in Sten 3. <br />Calculating Samantha's VA Pension Income <br />Step 1: Determine prior annual VA pension income (i.e., $12,000 supported by a VA award <br />letter Samantha supplied that documents the prior year monthly VA pension was $1,000). <br />Step 2: Take into consideration any interim reexamination of family income completed since the <br />last annual reexamination. In this case, there have been no interim reexaminations processed <br />since the last annual reexamination. <br />Step 3: The PHA needs to adjust to reflect current VA pension income. Samantha supplies a VA <br />award letter showing a monthly pension of $1,025, or $12,300 annually. Process the annual <br />reexamination effective l l/l/2024 using annual VA pension income determined in Step 3 <br />($12,300 in this example). <br />- 025 <br />City Council 5 — 576 5 2 25 <br />