Financial Requirements

IDAHO ADMINISTRATIVE CODE IDAPA 16.03.22 Department of Health and Welfare Residential Assisted Living Facilities Section 154 Page 9 Each facility must develop and implement financial policies and procedures that include: (3-15-22) 01. Resident Funds. A policy specifying how the facility will manage resident funds. (7-1-26) 02. Safeguarding of Funds. Specify how residents' funds will be managed and safeguarded and be in compliance with Section 39-3316, Idaho Code. If the facility does manage resident funds, policies must address the following: (7-1-26) a. 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; (3-15-22) b. Each transaction must include copies of receipts. (7-1-26) 03. Funds at Discharge. 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. Per the admissions agreement, the facility may charge a fee for the repair of damages or cleaning the room. All remaining funds are the property of the resident. (7-1-26)