Texas Administrative Code
Title 26 - HEALTH AND HUMAN SERVICES
Part 1 - HEALTH AND HUMAN SERVICES COMMISSION
Chapter 276 - CONTRACTING TO PROVIDE ASSISTED LIVING AND RESIDENTIAL CARE SERVICES
Subchapter D - TRUST FUNDS
Section 276.67 - Trust Fund Documentation
Universal Citation: 26 TX Admin Code § 276.67
Current through Reg. 50, No. 13; March 28, 2025
(a) Accounting and records.
(1) The facility must keep
written records of all financial transactions involving the client's personal
funds that the facility is holding, safeguarding, and accounting. The written
records may be in any format.
(2)
The facility must keep the accounting records in accordance with generally
accepted accounting principles (GAAP).
(3) The facility must keep records in
accordance with its fiduciary duties for client trust funds.
(4) The facility must include at least the
following in the accounting records:
(A) each
client's name;
(B) identification
of each client's representative or person assigned to receive the client's
income, if any;
(C) admission
date;
(D) each client's earned
interest, if any;
(E) documentation
of each transaction; and
(F)
receipts for purchases and payments, including cash register tapes or sales
statements from a seller.
(b) Quarterly statement. The facility must provide quarterly statements to the client or the client's representative, as described in §92.125(a)(3)(L) of this title (relating to Resident's Bill of Rights and Provider Bill of Rights).
(c) Access to trust fund records.
(1) The facility must make an individual
client's financial record and supporting documents available at any time during
working hours to the client, the client's representative, and the Texas
Department of Human Services.
(2)
This review can be made without prior notification.
Disclaimer: These regulations may not be the most recent version. Texas may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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