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TANF TANF TANF TANF TANF TANF TANF TANF SNAP SNAP SNAP SNAP SNAP SNAP SNAP SNAP Management 1410

EXPLORING FINANCIAL MANAGEMENT Thorough examination of the way a household meets expenses is a useful tool to determine the accuracy of information the household provides. Two basic questions to examine management are: • How long has the household managed this way? • Are reported income and resources enough to explain actual expenses? 1420

WHEN TO CONSIDER MANAGEMENT

Examine financial management at each application and review of eligibility and whenever a household reports a change in circumstances. 1430

HOW TO EVALUATE MANAGEMENT • Review the household information to determine if there is enough income to meet their basic expenses. These include food, transportation, shelter, utilities, and other expenses for which the household is billed on a regular reoccurring basis. Look for clues to unreported expenses, income, or resources. • Determine if the household has multiple sources of income such as tips, commissions, overtime, bonuses, or interest-bearing accounts. • When a household borrows money from friends or relatives, determine if the loans are temporary and if the applicant intends to repay the loan. • Determine if a household’s expenses are paid directly by another source, such as HUD rental assistance, the Salvation Army, family/friends, or insurance. • Determine whether information given in the past is consistent with the current situation and if reliable assumptions for future periods can be made based on the information. Note: use Form 2016-EG Banking Loan Activity – Request for Information, to request Banking and Loan information. This information and any other needed to evaluate financial management may be request on Form 2429 – Insufficient Information directly from the household. 1440

DOCUMENTATION REQUIREMENTS Explain the household’s management practices in a CLOG entry in AMPS. Ensure adequate documentation of how expenses are met, and all sources of income and countable resources are identified. A-1410 Division of Welfare and Supportive Services MANAGEMENT Eligibility and Payments Manual Exploring Financial Management 25 Jan MTL 03/25