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5. The amount and type of earned and unearned income and any operational expenses.

6. Base period used and the income available.

7. Changes which may occur in the future, create a task in NC FAST. Refer to Job Aid: Creating Task.

8. Other facts, information, or dates used to support your decision.

IV. BASE PERIOD

A. General Guidelines

1. Base periods are the periods of time that are the basis for determining income eligibility.

2. The base period establishes a set period of time for workers to create a “snapshot” of a budget unit’s income and for which income must be verified.

3. The base period should be an accurate representation of the income the household is expected to have available during the certification period.

4. Use actual gross income and anticipated income, both ongoing and terminated in the month received, for application.

B. Base Period for Applications and Recertification’s

1. Applications

a. Prospective

Unless there is a change, the base period for verifying income for the certification period is the calendar month prior to the month of application. Convert income to a monthly amount. Always convert annual sources of income to a monthly amount (e.g. salaried employee on contract, rental income paid annually, etc.).

b. Retroactive

Verify actual income for the month(s) of retroactive need except for certain incomes listed in C. below and annual sources of income