Section He-E 806.39 - Maintenance of Resident Funds(a) NF's shall maintain residents' personal funds such as, cash account funds and bank accounts.(b) For cash account funds, pursuant to RSA 151, 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 at 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 nursing facility.(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 his/her 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.N.H. Admin. Code § He-E 806.39
#8547, eff 1-24-06 (formerly He-W 593.40 )