Description
This downloadable policy outlines the management of personal funds for individuals with developmental disabilities, emphasizing their right to financial independence while providing safeguards for those needing assistance. When the agency helps manage funds, it must follow specific procedures, including documenting all transactions, providing access to funds upon request, and avoiding conflicts of interest. The policy details the requirements for setting up and maintaining accounts, including regular, independent reconciliations to prevent fraud. In cases of exploitation or misappropriation, the policy mandates immediate removal of the implicated employee, prompt reporting to the county board and law enforcement, and restoration of any lost funds to the individual.
