432-5 COMMINGLED FUNDS

Excluded funds must be identifiable in order to be excluded. Except for burial funds (refer to section 432-2D ), identifiability does not require that excluded funds be kept separate from other countable funds. If excluded funds are maintained in an account with countable funds, any amounts withdrawn are presumed to be from the countable portion of the funds unless the client indicates otherwise.

Example: An individual has a savings account containing $500 in countable funds. The individual receives an excludable $400 distribution from an ANCSA corporation which is deposited into the account. The account balance is $900. The $400 in ANCSA funds are excluded from resources. The individual then withdraws $700. The entire remaining balance of $200 is excluded from resources as an excluded ANCSA distribution. A later deposit of $500 is made with countable funds. The balance is now $700 but $200 of this continues to be excluded as a resource.

The case worker may recommend, but not require, that the client keep excluded resources separate from countable resources; such commingled resources make it difficult for both the client and the case worker to identify which resources must be counted or excluded. The client is responsible for providing documentation needed to determine whether funds are counted or excluded.

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432-5 COMMINGLED FUNDS

Official source

432-5 COMMINGLED FUNDS

Excluded funds must be identifiable in order to be excluded. Except for burial funds (refer to section 432-2D ), identifiability does not require that excluded funds be kept separate from other countable funds. If excluded funds are maintained in an account with countable funds, any amounts withdrawn are presumed to be from the countable portion of the funds unless the client indicates otherwise.

Example: An individual has a savings account containing $500 in countable funds. The individual receives an excludable $400 distribution from an ANCSA corporation which is deposited into the account. The account balance is $900. The $400 in ANCSA funds are excluded from resources. The individual then withdraws $700. The entire remaining balance of $200 is excluded from resources as an excluded ANCSA distribution. A later deposit of $500 is made with countable funds. The balance is now $700 but $200 of this continues to be excluded as a resource.

The case worker may recommend, but not require, that the client keep excluded resources separate from countable resources; such commingled resources make it difficult for both the client and the case worker to identify which resources must be counted or excluded. The client is responsible for providing documentation needed to determine whether funds are counted or excluded.

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