Subsequent Time Account Deposits and Adjustments – (Rev. 5,

110.1 - Subsequent Time Account Deposits and Adjustments – (Rev. 5, 08-30-02) A1-1418.1, B1-4416.1 The quarterly review of bank activity in the Benefits Account may disclose the need for an adjustment in the Time Account balance. When an adjustment is indicated, the contractor shall make the adjustment within 15 calendar days after the close of the quarter. It shall follow the procedures outlined for the initial Time Account deposit as described in §110 to increase the Time Account balance. To decrease the Time Account balance, it shall prepare a Time Account withdrawal slip that instructs the bank to transfer the amount of the required reduction from the Time Account to the FHIBA. NOTE: The contractor shall report all initial deposits and subsequent adjustments in the Time Account balance on form CMS-1522