- (a) NFs shall maintain residents’ personal funds such as, cash account funds and bank accounts.
- (b) For cash account funds, pursuant to RSA 151:24, the NF shall determine the balance to be maintained as a source of ready cash for residents.
- (c) The minimum monthly amount of cash retained per recipient shall be the amount cited in RSA 167:27-a.
- (d) A receipt shall be obtained for all cash amounts given residents from this fund or any expenditures made on their behalf.
- (e) Expenditures not related to residents’ personal needs, such as the cashing of employee checks, shall be prohibited.
- (f) All amounts of residents’ personal funds in excess of the cash fund may be maintained in a bank in a variety of ways, such as checking, savings accounts, and certificates of deposit.
- (g) Residents’ personal funds shall not be co-mingled with funds maintained for the general operations of the NF.
- (h) Interest accumulated by residents’ personal funds accounts shall belong to those residents whose money generates the interest.
- (i) Allocation of interest income shall be made at least quarterly.
- (j) All disbursements made by the NF on behalf of residents shall be supported by receipts and invoices retained in the resident’s personal needs file.
- (k) Authorization by the resident or the resident’s authorized representative shall be obtained for all disbursements described in (j) above.
- (l) Upon receipt of monthly bank statements, the residents’ funds shall be reconciled to detail ledgers and equal the checking or savings and cash fund balance.
Source. #8547, eff 1-24-06 (formerly He-W 593.40); ss by #10474, 1-24-14; ss by #14020, eff 7-10-24; ss by #14020, eff 7-10-24