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CAPS Policy – Income Calculations No.: CAPS/00-8 Effective Date: 10/01/2016 Revised: 10/06/2025 Revision Effective: 10/06/2025

CAPS Policy Manual

Page 53 of 109 Type Description Calculating Income family unit. If the family’s income exceeds the maximum limit, the application may be denied.

8.9 Declaration of Assets 8.9.1 As part of a family’s enrollment into the CAPS program, the parent must self-certify that the family unit assets do not exceed $1,000,000. When it has been identified that a family’s assets exceed $1,000,000, the case must be closed. Children in the custody of the Georgia Division of Family and Children Services (DFCS) are exempt from certifying that family assets do not exceed $1,000,000.

8.9.2 The certification must be maintained in the case record as a part of the application process. A copy of the Family Asset Form 602 can be found in Appendix Z.

8.9.3 If a family fails to complete the certification, the application will be denied. CAPS reserves the right to verify the validity of the self-certification of assets by the parent at any time through any legal means necessary.

POLICY REVISION HISTORY Date Description of Change 03/26/2018 Removed reference to Graduated Phase-out and income limits in section 8.3. 07/02/2018 Revised to note that children in DFCS custody are exempt from certifying that assets do not exceed $1,000,000. 10/01/2019 Revised language to note that CAPS will provide 14 days’ notice of adverse actions. 09/01/2024 Revised language to note when a family is initially approved for CAPS services, the gross applicable income of the family unit must be equal to or less than the current State Median Income (SMI) for initial eligibility as defined by CAPS. 10/06/2025 Revised language to add Guaranteed Basic Income (GBI), Universal Basic Income (UBI), AmeriCorps unearned income, and stipends issued by DECAL as not countable income. Renamed “Disallowed Expenses for Self-Employment” section to “Self-Employment Income”. Added language on allowable expenses for self-employment income and clarified language on disallowable expenses for self-employment income. Revised language to add guidance for earned and unearned income verification. Revised language to clarify timeframes for when CAPS will review all income (earned and unearned) of adults in the family unit. Revised language to add guidance for regular and irregular income.