I believe the instructions said to use the last completed year (HUD 2016). I assume you are referring to our fiscal year-same as HUD (October 1, 2015 to September 30, 2016)? The earlier we go back, the lower confidence I have in the numbers we send you as being representative of today’s costs. We have had numerous changes over the last couple years which impact our actual costs of service we currently are delivering.
The budget instructions DO request the last completed operation year. The timeframe of the budget year is based on how the program operates. If it is on the HUD FY, that works for this analysis.
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