The Utility Expense Level Calculator ("UEL Calculator")
(MS-Excel) is intended to provide guidance and assistance
in arriving at the UEL for a PHA. HUD does not warrant the accuracy of the calculation.
Users are expected to review the UEL Calculator's results to insure that all computations
and results are correct. Further, this UEL Calculator cannot be used for the "Consolidated"
form that must be prepared when a PHA has both frozen and non-frozen rolling bases.
Please note that for frozen rolling base form(s), the UEL Calculator will only
work properly if "Yes" is clicked on Section 1, Number 5 (Frozen Rolling Base).