6 Colo. Code Regs. § 1011-1 Chapter 08 Part 10
Current through Register Vol. 47, No. 11, June 10, 2024
10.1 The facility shall develop and implement written policies and procedures consistent with legal and regulatory requirements regarding resident funds. These procedures shall include the ability for residents to access funds at any time.10.2 The facility shall establish and maintain an accounting system that ensures a full, complete, and separate accounting, according to generally accepted accounting principles, of each resident's personal funds entrusted to the facility on the resident's behalf. (A) The facility shall ensure that its accounting system precludes any commingling of resident funds with facility funds or with the funds of any person other than another resident.(B) The facility shall regularly monitor its accounting system to ensure the policies and procedures are being appropriately implemented and resident funds are protected from misuse.10.3 Upon request, the facility shall make a resident's financial record available to the resident or other individual legally authorized to receive the information within a reasonable amount of time, not to exceed thirty (30) days.6 CCR 1011-1 Chapter 08 Part 10