Work First 115 - Resources

II. WHICH RESOURCES COUNT AND WHICH DO NOT?

A. To determine what resources count toward the $3,000 resource limit, use the chart below.

B. Accept the family’s statement of the value of the resources at application and review unless the statement is questionable or the estimate shows the combined total of resources to be $2,800 or greater. A motor vehicle is defined as an automobile or other vehicle used for transportation. This may include a boat if it is the primary mode of transportation.

NOTE: Exclusion of a motor vehicle does not exclude mobile homes other than the primary physical residence.

C. If the caseworker encounters resources not listed, use prudent judgement and document the decision as to how the resource was counted.

RESOURCE	DO NOT COUNT	COUNT	VERIFICATION
Burial Insurance	X
Burial Space	X
Cash Savings		X	Bank statement Bank/Financial Institution
Cash on Hand		X	Client statement
Checking Account	Amount deposited to pay the family's monthly living expenses, less any outstanding checks for living expenses	Amount not used to cover family's monthly living expenses, less any outstanding checks for living expenses	Bank statement Bank/Financial Institution Client statement unless questionable
Earned Income Credit	X
Earned Income Credit - Included In the Income Tax Refund	X
Heir Property	X
Income Tax Refund	X
Income Producing Property	X
Income received from a reverse mortgage	X
Life Estate Interest	X
Life Insurance	X
Lump Sum		Remaining balance of lump sum payment
Mobile home used as the primary physical residence	X
Mobile home not used as the primary physical residence (not income producing)	X
Motor Vehicles (includes boats)	X
Personal effects and household goods (Jewelry, clothing, furniture and household appliances etc.)	X
Prepaid Burial Trust	Irrevocable and Revocable
Radiation Exposure Compensation	X
Real Property	X
Relocation Payment	X
Remainder Interest	X
Resulting Trust	X
Retirement Account Funds	X
Revocable Trust Fund	X
Savings Account (current balance) including a Certificate of Deposit and the savings of a student which are used for school expenses	Amount deposited to pay the family's monthly living expenses	Amount not deposited to pay the family’s monthly living expenses	Bank/Financial Institution Family budget signed by DSS or Economic Literacy Counselor Bills/receipts Bank Statement
Stocks, Bonds, Mutual Fund Shares		X	View the document Brokerage or investment firm County attorney
Trust Fund	X
UTMA (Uniform Transfer to Minors Account)	Owner of account not included in family unit	Owner of account included in family unit	Bank Statement