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FOOD AND NUTRITION SERVICES CERTIFICATION INCOME AND RESOURCES FNS 390 RESOURCES

14 Section 390 Change #02-2024 October 1, 2024 the online account and has not used these funds for a qualified expense, then those funds should be counted as a liquid resource. 390.14 NON-COUNTABLE RESOURCES In determining the resources of a FNS unit, the following shall be excluded: A. Household goods and personal effects, including clothing, furniture, jewelry, kitchen items, household appliances, pets, etc. B. Mortgage Escrow Accounts. A mortgage escrow account is a bank account held generally in the name of the depositor and the escrow agent (usually the mortgage holder) which is used to pay taxes, mortgage insurance, fire insurance, etc. C. Installment contract sales which are producing income consistent with the fair market value. D. Resources of an incorporated business. E. Payments counted as income, such as those of students or self-employed persons, which were prorated as income for the period intended to cover. Exclude from resources the portion of any resource counted as income. F. Payments or allowances made under federal, state, and local laws for the purpose of energy assistance. G. EITC is a credit subtracted from the amount of tax withheld to help offset increased living expenses for low-income families. The credit can be received either as a yearly lump sum or with the payroll earnings. 1. Exclude these payments for 12 months from the month of receipt. (Month of receipt is month 1 of the 12-month exclusion period.) 2. To allow this exclusion, the individual who received the EITC payment must: a. Have been a FNS participant when the payment was received; and b. Continue to participate in the FNS program throughout the 12-month exclusionary period. (Breaks in participation of one month or less due to administrative reasons, such as delayed recertification or missing or late quarterly reports, shall not be considered as non-participation in determining the 12-month exclusion.)