rules and regulations for assisted living facilities level ii - Arkansas ...

c. The facility shall hold personal funds in trust for the sole use of the
residents, and such funds must not be commingled with the funds
of the facility or used for any purpose other than for the benefit of
the resident;
d. The personal funds shall be used at the discretion of the resident or
responsible party;
e. The resident may terminate his or her facility-maintained account
and receive the current balance within seven (7) calendar days of
the termination of the account;
f. The facility maintains individual records for each resident who has
an account that shows all debits and credits to the account, and that
maintains a running, current balance;
g. The facility documents all personal transactions and maintains all
paid bills, vouchers, and other appropriate payment and receipt
documentation in the manner prescribed by the Department or by
law;
h. If the facility deposits personal allowance funds, they shall be
deposited in individual or collective interest bearing, federally
insured bank accounts. If these accounts are established, the
facility must develop a procedure to insure the equitable
distribution of interest to each resident’s account;
i. At least quarterly, the facility supplies each resident or responsible
party who has a personal account with a statement showing all
deposits, withdrawals and current balance of the resident’s
personal allowance account;
j. The facility provides the Department access to required resident
financial records upon request;
k. At a minimum, the resident has access to his or her personal
allowance account during the hours of 9:00 a.m. to 5:00 p.m.
Monday through Friday;
l. The facility does not charge the resident additional amounts for
supplies or services that the facility is by law, regulation, or
agreement required to provide under the basic charge;
m. Services or supplies provided by the facility beyond those that are
required to be included in the basic charge are charged to the
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Assisted Living Facilities Level II R. 08/01/11