BS&A’s Cloud-Based Special Assessment module can handle all types of special assessment districts, from single-year to complicated multi-year amortization. For single-year districts, a “One Year District Advancement” utility helps you set up the new year. For multi-year districts, the Amortization Table allows you to quickly view: a) the length of the special assessment district loan; b) the total installment for each future year; c) the amount allocated to Principal; d) the amount allocated to Interest. Special Assessment’s Multi-Year Snapshot view clearly presents the original total assessment of the parcel, the total amount of Principal payments over the years of the district, and the current balance.
Delinquent special assessment bills can be rolled to our Cloud-Based Property Tax module. A certification fee can be added to compensate for the time and effort of doing so, and you can get reimbursed through the revolving fund if property taxes aren’t paid.
As with every BS&A Cloud-Based module, audit trails and reminders help keep you in control of your data. Every field and process – from data entry to changes in Setup – has a corresponding audit trail. Reminders help you stay on top of important events, tasks, and deadlines, and can be set globally or on specific parcels. You can filter by All, Expired, or Future Reminders, and a snooze feature temporarily dismisses the reminder so you can continue with your work.