What does anticipated annual income mean?
Owners/managers are required to anticipate the amount of income a household will receive during the upcoming 12-month period. Generally, this amount is calculated by estimating the family’s annual income using current income and assets. However, if changes from current circumstances can be verified (e.g., an approved raise, an expected bonus, a change in the number of overtime hours to be worked) these should also be considered in anticipating annual income. Appendix C of the AHP Owner’s Compliance Manual includes specific instructions for what sources to include and exclude as anticipated annual income.
