FAASTA.E State Assistance Authorization (STAA) : 07 State Assistance Budgeting Income - Overview : C State Assistance Budgeting Income - Converting Income : .05 State Assistance Budgeting Income - Converting Income - Received Semi-Monthly - Anticipated
State Assistance Budgeting Income - Converting Income - Received Semi-Monthly - Anticipated
Use the following method to calculate the gross monthly income when it is anticipated to be received from ongoing employment or unearned source AND one of the following applies:
 
●One or both of the checks is unusually high or low and is NOT expected to continue.
●Two full checks have not been received.
 
NOTE When the unusually high or low check is expected to continue, budget as Fluctuating Income.
 
Count the unusually high or low check ONLY for the month it was received.
 
Anticipate future months income as follows:
 
●Determine the average hours worked per week. (See Verification process)
●Multiply the number of hours worked by the hourly wage.
●Multiply the anticipated weekly earnings by 2.15.
●Multiply the resulting amount by two.
●Key the total on STAA.
 
(See Example Semi-Monthly 2 -sta)
 
Document CADO or the CADO Extension Form (CEF) and the case file on how the semi-monthly income was anticipated.