PM 23-03-03-b

Figure the amount of available nonexempt assets as of the first day of the payment month that benefits could have been changed had the FS unit reported the assets.

  • Example 1:Revised TextAn FS unit, not in EZ REDE status, whose fiscal month is from the first day of the month through the last day of the month, received a $3,500 lottery payment on 11/09. The asset was not reported. The first month benefits could have been canceled was December.
  • If the FS unit's available nonexempt assets, including the lottery payment, exceeded the asset limit on 12/01, the first month of the overpayment was December. The overpayment period continues until the FS unit verifies that its assets were below the limit.
  • Example 2:Revised TextAn FS unit, not in EZ REDE status, whose fiscal month is from the first day of the month through the last day of the month, received a $3,500 lottery payment on 11/21. The first month benefits could have been canceled was January, as the FCRC could not provide a 10 day timely notice for December. If the FS unit's available nonexempt assets, including the lottery payment, exceeded the asset limit on 01/01, then the first month of the overpayment was January.

If, for both examples, the FS unit verifies that it spent the lottery payment before the first day of the appropriate payment month, then there is no overpayment. The purchase of items or the payment of bills is an allowable transfer of assets because the FS unit received fair market value in return for the transferred asset.