Individual Budget Clause Samples
Individual Budget. 4.14.1 Process ▪ Each employee has an individual budget. ▪ The employer pays an amount into this budget each payment period. ▪ The individual budget consists of three components, each with its own spending purpose.
Individual Budget. An individual budget is the amount of funds available to the participant to self-direct. It is developed using a person-centered planning process; based on actual service utilization and cost data and derived from reliable sources; developed using a consistent methodology to calculate the resources available to each participant that is open to public inspection; and reviewed according to a specified method and frequency. A change in the budget must also result in a change to the person-centered plan.
Individual Budget. An individual budget is a fixed allocation of public mental health resources denoted in dollar terms. These resources are agreed upon as the necessary cost of specialty mental health services and supports needed to accomplish a person’s IPOS. The individual served uses the funding authorized to acquire, purchase, and pay for specialty mental health services and supports in his or her IPOS.