The worksheet provides a listing of detailed elements.

The Reports section produces

• Simple and extended valuation summaries
• Detailed Reconciliation of Award to Net Valuation, a reconstruction from the valuation to the total Award, a Cash Distribution summary (the total amounts that the defendant must pay out). If the Award section is employed and parts of the Award have been allocated to past damages, past damages by loss element will be detailed.
• Monthly payments by element and for offsets
• Annual payments by element and for offsets
• Annual Discount Value by element and for offsets

An option exists in the Reports Section to 'Alter Variables'. User can

• Select and apply different 10-Year Treasury index rates or a single rate.

Averages of the different auction rates are calculated and can be applied. The choices are reflected on a Certificate of Calculation of Average Rates and Yields. The choices are

• Average Auction Rates and Yields from the effective date of Amended 50A
• Average Auction Rates and Yields for the last two years
• Average Auction Rates and Yields for the last year

The choices can be weighted and/or updated since the last regular auction.

• Select and apply a future payment date. All valuations of future damage Awards assume that they are periodic (monthly payments), and all are discounted back to the date of the verdict.

First payments are due on the date of the Verdict or -0- days. (Amended 50A provides that annuity contracts will run from the date of the verdict unless some other date is specified in the verdict.) A settlement could specify an overall payment date different from the date settlement is reached, and that would affect the valuation.

• Change Tax rates. Calculated rates may be adjusted upward or downward in 1/4% increments.
• Exclude a Collateral Source offset or exclude application of the offset payments to reduce the tax impact on lost or impaired earnings.
• Recalculate and Apply Litigation Expense and Fee rates to reduce Collateral Source Offsets.

The statute is silent on whether expense and fee rates are calculated on a gross basis before deduction of Collateral Source offsets, with rates applied to reduce the value of the offset before deduction from the loss element. The alternative is to calculate expense and fee rates on a net basis after deduction of Collateral Source offsets, with rates applied on to the elements of future loss. The former produces a net discounted value that closely matches the sum of the net annual discounted values for the element.

Each or all of the changes can be tested without affecting the underlying valuation and/or applied to produce a new valuation. An Award summary can be generated for each change or set of changes, and side-by-side comparisons will show the net difference in impact from each set of changes. The Reconciliation and payment detail can be generated to reflect only applied changes.