Understanding Cap History

The system maintains historical details of caps for the expense participation calculation process. The system uses this information to determine the current year cap when the cap rule is applied. For example, set up a cumulative cap rule that allows for a 3 percent increase annually. If the cap rate per square foot for 2008 is 6.56789, the cap rate per square foot for 2009 is 6.76493. The system stores both rates for the corresponding year to provide cap history for the lease, version, and unit to which the 3 percent cap rule was applied. Additionally, you can save expenses by account within an E.P. class for each year so that the system can use these values to determine the expense cap for each successive year.

The Lease Cap History program (P15153) stores historical cap details and displays cap history for the lease and version. The system stores cap history information in the Lease Cap History table (F15153). The system populates the F15153 table with current year cap information, which the system retrieves in subsequent years to determine the new cap amount.

The E.P. Class Cap Expenses History program (P15303) stores cap expenses history and enables you to review and update prior year or other defined range of caps at an individual account level. The system stores cap expense history in the E.P. Class Cap Expenses History table (F15303).