M E M O R A N D U M
IM-77 05/16/00 EXCLUDE OUTSTANDING
CHECKS FROM RESOURCES FOR FS
|EXCLUDE OUTSTANDING CHECKS FROM RESOURCES
FOR THE FOOD STAMP PROGRAM
MANUAL REVISION #17
|IMNL is revised to clarify the determination
of the value of a checking account that should be counted as a resource
for the Food Stamp Program. This determination is a two step process.
Follow existing policy and do not count
money as income and a resource in the same month. Exclude any current
month's income that is in the checking account. If this step makes
the participant resource eligible, no further action is needed. If,
however, the participant remains resource ineligible, go to step two.
Look at the participant's outstanding
checks. If a check has been written and sent to the payee, even if
it has not yet been cashed, the money is not available for other purposes.
Therefore, it is not counted toward the resource limit. Verification
should be obtained when necessary.
Discuss this memorandum with all appropriate
Subtract the current month's income and any
outstanding checks from the checking account balance when determining the
value of a checking account for the Food Stamp Program.
File the revised manual pages in the hard
copy of the Food Stamp Manual.
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