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Gross Income means all income from whatever source from all adult household <br />members for the previous calendar year as defined in California Code of <br />Regulations Title 25 Housing and Community Development Section 6914. The <br />definition includes the following specific requirements: <br />1. Except as provided in subdivision (2), all payments from all sources <br />received by the head of household (even if temporarily absent) and each <br />additional member of the household who is not a minor shall be included <br />in the annual income of a household. Gross Income shall include, but not <br />be limited to: <br />a. The gross amount, before any payroll deductions, of wages and <br />salaries, overtime pay, commissions, fees, tips and bonuses; <br />b. The net income from operation of a business or profession or from <br />rental or real or personal property (for this purpose, expenditures <br />for business expansion or amortization of capital indebtedness shall <br />not be deducted to determine the net income from a business); <br />C. Interest and dividends; <br />d. The full amount of periodic payments received from social security, <br />annuities, insurance policies, retirement funds, pensions, disability <br />or death benefits and other similar types of periodic receipts (but <br />see subdivision (2)(c)); <br />e. Payments in lieu of earnings, such as unemployment and disability <br />compensation, worker's compensation and severance pay. <br />f. Public Assistance. If the public assistance payment includes an <br />amount specifically designated for shelter and utilities which is <br />subject to adjustment by the public assistance agency in <br />accordance with the actual cost of shelter and utilities, the amount <br />of public assistance income to be included as income shall consist <br />of: <br />The amount of the allowance or grant exclusive of the <br />amount specifically designated for shelter and utilities, plus <br />ii. The maximum amount which the public assistance agency <br />could in fact allow for the household for shelter and utilities, <br />Inclusionary Housing Agreement Page 4 <br />City of Santa Ana February 17, 2015 <br />1603\14\1654522.2 <br />