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CODE OF COLORADO REGULATIONS 8 CCR 1403-1 Colorado Child Care Assistance Program

43 Family Size 100% Federal Poverty Guideline (FPG) 85% State Median Income (SMI) (State and Federal Maximum Income Limit) person

4. Generally, the expected monthly income amount is based on the income received in the prior thirty (30) day period; except that, when the prior thirty (30) day period does not provide an accurate indication of anticipated income as referenced in the definition of “Income Eligibility” in rule section 3.103(KKK) or under circumstances as specified below, a different period of time may be applicable: a. For new or changed income, a period shorter than a month may be used to arrive at a projected monthly amount. b. For contract employment in cases, such as in some school systems, where the employees derive their annual income in a period shorter than a year, the income shall be prorated over the term of the contract, provided that the income from the contract is not earned on an hourly or piecework basis. c. For regularly received self-employment income, net earnings will usually be prorated and counted as received in a prior thirty (30) day period, except for farm income. For further information, see rule section 3.111(I)(3) on self-employment under countable earned income. d. For all other cases where receipt of income is reasonably certain, but the monthly amount is expected to fluctuate, a period of up to twelve (12) months may be used to arrive at an average monthly amount. e. For income from rental property to be considered as self- employment income, the adult caretaker(s) or teen parent(s) shall