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Previous editions are obsolete Replaces form FHA-1710 02/69 RR Note Nonprofit Borrower HUD-91710M 06/14 3. Residual Receipts Note Nonprofit Borrowers U.S. Department of Housing and Urban Development Office of Housing OMB Approval No. 2502-0598 Exp. 06/30/2017 Public Reporting Burden for this collection of information is estimated to average 0. 10. Presentation demand and notice of demand non-payment and protest of 11. The terms and provisions of this Residual Receipts Note are also for the...
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How to fill out residual receipts
01
Ensure you have access to the residual receipts form
02
Obtain all necessary financial information
03
Enter the date at the top of the form
04
List all income sources in the designated section
05
Calculate the total income and write it down
06
List all expenses in the designated section
07
Calculate the total expenses and write it down
08
Subtract the total expenses from the total income
09
Write the result in the 'Net Total' box
10
Provide any additional explanations or notes if required
11
Sign and date the form
12
Submit the filled-out residual receipts form to the appropriate party
Who needs residual receipts?
01
Property managers who collect rent and other revenues from tenants
02
Real estate investors who want to track their residual income
03
Accounting professionals who handle financial management for clients
04
Government agencies that require accurate financial reporting
05
Organizations that rely on residual receipts for budgeting and planning purposes
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What is residual receipts?
Residual receipts are funds remaining after all obligations and expenses have been paid.
Who is required to file residual receipts?
Property managers and landlords are required to file residual receipts.
How to fill out residual receipts?
Residual receipts can be filled out by detailing the remaining funds after expenses and obligations, along with any additional information requested.
What is the purpose of residual receipts?
The purpose of residual receipts is to track and report on any surplus funds in a financial transaction.
What information must be reported on residual receipts?
Information such as the total amount of funds remaining, details of expenses and obligations paid, and any other relevant financial details must be reported on residual receipts.
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