Resident funds definition
Examples of Resident funds in a sentence
The system must preclude any commingling of Resident funds with facility funds or with the funds of any person other than another Resident.
The Facility’s policy is to maintain all Resident funds in a separate account, except for a nominal amount maintained in a ▇▇▇▇▇ cash fund for the Residents’ convenience.
Resident hereby authorizes personnel of any banks or other financial institutions maintaining Resident funds or other assets to release information to Facility representatives.
Representative is personally responsible for ensuring that Resident’s available income and resources are applied first to pay for Resident’s care and services, and for using Representative’s best efforts to recover any misappropriated Resident funds.
Resident funds will be used only for resident expenses until a new payee is appointed.
Resident funds will be kept at the Business Office located on the 1st floor of Skilled Nursing (across from the Hair Salon).
Resident funds shall be disbursed during normal business hours within 24 hours of the resident's request.
Resident funds shall be kept in separate accounts (“Resident Accounts”) such that all monies can be accounted for at all times.
Under no circumstances is PROVIDER permitted to commingle funds belonging to residents with PROVIDER’s funds Resident funds shall be kept in separate accounts (“Resident Accounts”) such that all monies can be accounted for at all times.