J Determining The Counted Value of Financial Accounts For The Budget Month

Program	Manual Section
ALTCS	MA705I

Procedures

When the customer is over resources using the ending bank balances, use the Bank Account Reconciliation Worksheet (DE-307) to determine the value of the financial accounts. A separate DE-307 is used to reconcile each financial account.

NOTE Any funds that are transferred among the customer’s accounts should be counted in only one of the customer’s account balances for the month.

Follow the steps below to determine the counted value of the financial account:

Step	Action
1	Locate the ending balance on the financial account statement for the month.
2	Is the customer resource eligible using the balance from step one? If YES, STOP, enter the balance in HEAplus. If NO, Continue to step 3.
3	Subtract the income received in the budget month from the balance of the account into which it was deposited. NOTE You must have proof that the income was deposited to the account and included in the balance in order to subtract it.
4	Is the customer resource eligible using the balance from step three? If YES, STOP. If NO, Continue to step 5.
5	Add all deposits made to the account before the end of the month and after the ending balance date from step one.
6	Subtract all outstanding checks, withdrawals, and debit transactions made before the end of the month and after the ending balance used in step one.
7	Use the new balance for the budget month.