10112. FINANCIAL AGREEMENTS

10112 Financial Agreements 10112.1 The complete terms of all financial provisions in a resident’s agreement shall be made available for the resident (or surrogate) to review prior to admission. 10112.2 Funds deposited with or managed by an ALR for the benefit of the resident that total more than two hundred dollars ($200) shall be deposited in an interest-bearing account in the resident's name in a savings institution. Funds deposited or managed by an ALR for the benefit of the resident that total two hundred dollars ($200) or less may be deposited in an interest-bearing or non-interest-bearing account or secured on-site for the resident’s use as petty cash. 10112.3 An ALR shall not commingle residents' funds or personal property with the funds or property of the ALR, the licensee, employees, or any other entity or individual other than another resident. The ALR must maintain a system that assures a complete and separate accounting, according to generally accepted accounting principles, of each resident's funds and personal property entrusted to the ALR on the resident's behalf. 10112.4 The resident’s financial records pertaining to the funds and personal property described in § 603(a)(2) of the Act (D.C. Official Code § 44-106.03(a)(2)) shall be made available to the resident (or surrogate) upon request. The ALR shall provide a report of the resident's financial records to the resident (or surrogate) on a quarterly basis. SOURCE: Final Rulemaking published at 54 DCR 5591 (June 8, 2007); as amended by Final Rulemaking published at 67 DCR 3717 (April 3, 2020). District of Columbia Municipal Regulations Public Health and Medicine 22-B DCMR § 10112