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Title 7: SNAP Page 3 Iowa Department of Health and Human Services Employees’ Manual Chapter D: Resources Countable Resources Revised September 27, 2024 Whose Resources to Count Do not count the resources of the following people as being available to the eligible household: ▪ Anyone who receives FIP or SSI. To determine when to consider FIP or SSI benefits as received, see 7-C, FIP and SSI Households.

Mr. and Mrs. A have two children. Each child owns several savings bonds. The cash value of the savings bonds is $1,000 for each child. One of the children receives SSI. The household has no other resources. Do not count the $1,000 cash value that is owned by the child who is an SSI recipient. The A household has $1,000 in countable resources. ▪ Ineligible students. (See 7-I, Students, for who is an ineligible student.) ▪ Boarders who are not included in the SNAP household. (See 7-I, Boarders.) ▪ Roomers who do not buy and fix food with the household. (See 7-C, Nonmandatory Members.) ▪ Live-in attendants who are not included in the SNAP household. (See 7-C, Nonmandatory Members.) ▪ Other people who live with the household, but are not mandatory household members and do not buy and fix meals with the household. (See 7-C, Household Composition.) What Resources to Count Legal reference: 7 CFR 273.8(c) Count all liquid and nonliquid resources towards a household’s applicable resource limit, unless listed under Excluded Resources. Money cannot be counted as both income and a resource in the same month. Liquid Resources Legal reference: 7 CFR 273.8(c), 273.9(c)(9) Liquid resources are those resources the household can easily convert to cash. Examples include: ▪ Cash on hand ▪ Checking accounts ▪ Savings accounts ▪ Current market value of stocks and bonds ▪ Certificates of deposit ▪ Gift cards that are not store-specific, which can be spent like cash and used anywhere