When a client receives income and deposits the money in a bank account it is not an asset for the month of receipt. Budget it as income. Any part of the money remaining in the account for the following month becomes an asset.
NOTE: The assets of a categorically eligible SNAP unit are exempt(see PM 05-07-00), unless the household receives substantial lottery and gambling winnings as a cash prize of $3,500 or more. See PM 07-04-21.
Illinois Department of Human ServicesJB Pritzker, Governor · Grace B. Hou, Secretary
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