(1) Each resident has the right to manage their own financial affairs. The adult family home must not require any resident to deposit their personal funds with the home.
(2) If the adult family home agrees to manage a resident's personal funds, the home must:
(a) Have a written authorization from the resident;
(b) Develop and maintain a system that assures a full, complete, and separate accounting of each resident's personal funds given to the home on the resident's behalf;
(c) Ensure the resident's funds are not mixed with the home's funds or with the funds of any person other than another resident. If funds are pooled accounts, there must be a separate accounting for each resident's share;
(d) Deposit a resident's personal funds in excess of one hundred dollars in an interest-bearing account(s) separate from any of the home's operating accounts and that credits all interest earned on residents' funds to that account;
(e) Ensure that the account or accounts are held in a financial institution as defined in RCW
30A.22.040, and notify each resident in writing of the name, address, and location of the depository.
(f) Keep a resident's personal funds that do not exceed one hundred dollars in a noninterest-bearing account, interest-bearing account, or petty cash fund; and
(g) Provide an individual financial record when requested by the resident or the resident's legal representative.
[Statutory Authority: RCW
70.128.040 and
70.128.060. WSR 21-11-074, § 388-76-10560, filed 5/17/21, effective 8/1/21. Statutory Authority: RCW
70.128.040 and chapters
70.128 and
74.34 RCW. WSR 07-21-080, § 388-76-10560, filed 10/16/07, effective 1/1/08.]