The computer capabilities of our firm are vast. They include the Micro Rent software provided by PDC/Rent Roll, an AMSI General Ledger system and an AMSI Accounts Payable program. Details describing these software systems can be found in the link, "Exhibit D" entitled "Hallmark Management Associates, Inc., Accounting and Reporting Profile.

The Micro Rent program provides for master maintenance of each project’s tenant system such as entering an printing rent receipts and issuing property and tenant data listings. Monthly and daily processing of automatic charge changes, entering monthly rental charges, producing monthly statements, conduction vacancy loss analyses, producing excess income reports, etc. are all features that allow for effective and efficient conduct of property management operations.

At the end of each month, information from the Accounts Payable module is transferred to the General Ledger module by the accounting staff. The general ledger posts each item to the appropriate expenses account. Monthly, a month to date general ledger is prepared. Cash flow and income and Expense statements are also produced and disseminated to Owners. These reports reflect all activities (cash & expense) occurring in the previous month.

New LIHTC software Hallmark is currently evaluating allows the user to enter property and tenant data for each project, to calculate automatic rent changes, to move tenants in and out, to conduct annual recertification and adjustments and to automatically comply with state, federal, and other program regulations that require monitoring the percentages of households for limits on family income, resident rent and other household profiles. A major factor of this software is its ability to issue compliance reports.