Section 16.03.22.153 - FINANCIAL REQUIREMENTSEach facility must develop and implement financial policies and procedures that include:
01.Statement. A statement specifying if the facility does not manage resident funds.02.Safeguarding of Funds. Policies should specify how residents' funds will be handled and safeguarded, if the facility does manage resident funds. Policies must address the following:a. When a resident's funds are deposited with, or handled by the facility, the funds must be managed as described in Section 39-3316, Idaho Code, and Section 550 of these rules;b. A description of how facility fees are handled;c. Resident accounts and funds must be separate from any facility accounts;d. The facility cannot require a resident to purchase goods or services from the facility, other than items specified in the admission agreement and facility policies;e. Each transaction with resident funds must be documented at the time to include signatures of the resident and facility representative with copies of receipts;f. Residents must have access to their personal funds during normal business hours; andg. When a resident permanently leaves the facility, the facility can only retain room and board funds prorated to the last day of the thirty (30) day notice, except in situations described in Sections 217 and 550 of these rules. All remaining funds are the property of the resident.Idaho Admin. Code r. 16.03.22.153