Why_doesn_t_the_amount_due_on_an_improvement_district_show_as_the_total_amount_of_the_pay_off_

Why doesn't the amount due on an improvement district show as the total amount of the pay-off?

When an improvement district leaves the "prepayment" phase, only the installment amount that is billed for the year will be displayed as the amount due in Cash Receipting.

Example: A customer's pay-off is $1,800 in the prepayment phase. The amount is being paid off over 5 years. The installment amount for the year is $360 ($1,800 Pay-off Amount / 5 Years). If interest has NOT been billed, then the principle, or $360, will be displayed. If interest HAS been billed, then the principle + interest will be displayed.

 

 

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