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FOOD AND NUTRITION SERVICES CERTIFICATION INCOME AND RESOURCES FNS 305 RULES FOR BUDGETING INCOME

9 Section 305 Change #01-2023 January 09, 2023 Week 1: $245.32

Week 2: $0

Week 3: $245.32

Week 4: $245.32

Pay period amount: $245.32 + $0 + 245.32 + 245.32 = $735.96/4 3. Divide the total base period income by the number of times the income was received from step 1. Result is the average income. 4. Multiply the average income by the following formulas to convert or project incomes to a monthly amount. • If received weekly, multiply by 4.3 • If received bi-weekly, multiply by 2.15 • If received semi-monthly, multiply by 2 • If received quarterly, divide by 3 • If received monthly, use the monthly gross • If received semi-annually, divide by 6 • If received annually, divide by 12 NOTE: Income received on a daily or sporadic basis may be difficult to project. If the FNS unit’s income is received on a daily or sporadic basis, verify the income received during the prior month. Use this income as a monthly amount. Do not convert the income. Document that the income is received sporadically. If the prior month’s income is not representative of what will be received in the certification period, use best available information and document the reason. B. Budget this income until the next recertification or reported change. Note: While it is important that the FNS worker understands how to calculate monthly income, it is recommended and acceptable to enter information into NC FAST and allow the system to perform the calculations.