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COMBINED MANUAL

ISSUE DATE 10/2016

GLOSSARY: INVENTORY…

0002.35

INVENTORY Products or items used in a SELF-EMPLOYMENT business which can be identified as related to a particular sale or service; raw materials or parts which become part of an item for sale; or items purchased for resale. Also see CAPITAL ASSET and CAPITAL EXPENDITURE in 0002.09 (Glossary: Calendar Month...), SUPPLIES in 0002.65 (Glossary: Suitable...).

IRA Individual Retirement Account. A savings account recognized by the Internal Revenue Service as being for retirement purposes.

IRCA See IMMIGRATION REFORM AND CONTROL ACT in 0002.31 (Glossary: Honoraria...).

IRREGULAR INCOME Income the county agency and the unit do not anticipate. For more information about specific program provisions, see 0017.15.12 (Infrequent, Irregular Income).

IRREVOCABLE TRUST A TRUST which allows neither the person originating the trust nor the beneficiary to change the provisions of the trust.

IRTS See INTENSIVE RESIDENTIAL TREATMENT SERVICES in 0002.33 (Glossary: Independent…).

ISSUANCE CYCLE The length of time between issuing benefits.

IV-D AGENCY An agency responsible for CHILD SUPPORT enforcement.

IV-D UNIT A unit within a COUNTY AGENCY that is responsible for establishing PATERNITY and collecting CHILD SUPPORT according to TITLE IV-D of the Social Security Act.

IV-E ADOPTION Adoptions that are subsidized under Title IV-E of the Social Security Act.

JOB CORPS A Workforce Innovation and Opportunity Act (WIOA) program providing education and training to people ages 16 to 24.

JOB SEARCH MFIP, DWP : A component developed with the CLIENT by the EMPLOYMENT SERVICES provider.

SNAP: A SNAP E&T component included in a SNAP client's EMPLOYABILITY DEVELOPMENT PLAN.

JOB SERVICE An office within the Minnesota Department of Employment and Economic Development with branches throughout the state helping people find employment.

JOINT OWNERSHIP Two or more people owning the same piece of property. Each joint owner has rights to the entire property, including the right to survivorship. Also see MULTIPLE OWNERSHIP in 0002.43 (Glossary: Money...), TENANTS-IN-COMMON in 0002.65 (Glossary: Suitable...).

KEOGH PLAN A savings account recognized by the Internal Revenue Service for the retirement of self-employed people.

KNOWN TO THE AGENCY SNAP: Information about a unit’s circumstances that a county agency receives from the unit or discovers from sources such as