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C. Seasonal Self-Employment If the seasonal self-employment is intended to be used as annual support, the income is averaged over the 12 months certification period. However, if the seasonal income is not for the household’s annual support, the income is only budgeted for the number of months the seasonal self-employment is anticipated to be received.
11313 UNEARNED INCOME Unearned Income is always converted and is calculated as follows: a. Income received weekly multiply by 4.3 b. Income received every two weeks multiply by 2.15 c. Income received twice a month multiply by 2
NOTE: If unearned income amounts are not the same, they should be averaged, then converted.
11320 SIX MONTH REPORT
All income that the household receives must be reported on the six month report form. Earned income and unearned income is only required to be verified at six month report if it has changed by more than $100 since last reported. Income reported should be compared to what was last reported, if it has not changed by more than $100, update the income to the amount reported and document. Do not convert (if paid weekly or bi-weekly) the income unless paystubs are provided.
11321 EARNED INCOME
Benefits Specialist must compare the amount listed on ACCESS to the amount reported on the six month report form; if the income reported on the six month report form has changed by more than $100, verification of the income must be requested from the household before income can be budgeted. If the income reported has not changed by more than $100, the benefits specialist will update the JINC panel(s) or BUSI panel with the reported amount using the REPT source Example: Household has a lawn mowing business that they operate and receive income April - September. They state the income is not for annual support. If the income is from the tax return forms, follow each program’s budgeting procedures except divide the total income by 6 months, instead of 12. If the tax forms cannot be used, follow the monthly ledger procedure listed above. Example: Application received on July 21. Applicant started a new business on April 1. Ledgers must be received for April, May, and June. Determine total net income and divide by 3 to arrive at the average monthly amount. If this averaged amount is not reflective of what the applicant anticipates for an annualized net income, notify the applicant in writing that monthly ledgers are required by the tenth of each month for the previous month’s income and expenses and will continue to be required for future months until notified they are no longer required. If a business ledger is not received by the 10th of the month, close the case for the following month for failure to cooperate (adhering to 10 day adverse action notices). Example: Household applies July 1st. They receive $240 Reemployment Assistance each week. They anticipate 4 checks in July, take $240 x 4.3=