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Child Care Assistance Program Policy Manual Issued 05/2022 Asset limit 4.12 To be eligible, a family’s countable assets must not exceed $1 million. Families declare whether their assets meet this limit when they complete an application or redetermination. • If a family declares their assets are $1 million or less, the family meets the asset limit requirement, and no further verification is needed. • If a family declares their assets are more than $1 million, the family’s assets must be evaluated to determine if their countable assets are more than $1 million. See Chapter 4.12.3 (Evaluating assets) and 4.12.6 (Calculating countable assets). Families must report changes that put their assets over $1 million. Families are informed of this requirement on the CCAP Change Report Form DHS-4794 (PDF) and the Reporting Responsibilities for CCAP Families DHS-6953 (PDF) brochure. Information unknown Whether the family meets the asset limit may be unknown if the family did not answer the question or an older version of a form was used. If whether the family meets the asset limit is unknown: • No follow-up is required for families who are receiving MFIP or DWP at the time of their CCAP application or redetermination. • If a family is not receiving MFIP or DWP at the time of their CCAP application or redetermination, follow up with the family. Methods to follow up include: - A phone call, in person conversation, or secure email. Document the response in case notes. - A Memo to the family. Document the response in case notes or keep a copy of the family’s written response.  Sample text: To determine if you are eligible for child care assistance you must answer the question below. Assets include cash, bank accounts, vehicles, investments, and real estate (other than your home). Do not include the home you live in, personal belongings, or self- employment assets (if used only for business purposes). How much are your family’s assets? __ My family’s assets are LESS THAN $ 1 million (or equal to $1 million), or __ My family’s assets are MORE THAN $ 1 million (your worker will contact you for more information) - If the family does not respond to the follow-up and it remains unknown if the family meets the asset limit, allow the application or redetermination to auto-deny. If a family submits a version of the CCAP Change Report Form DHS-4794 (PDF) during the 12-month eligibility period that does not have the asset limit question, no further action is needed.