Determine the value of EU resources. EUs are ineligible if resources exceed the maximum resources allowed. It is the EU's responsibility to report all resources owned at the time of application. Any resources anticipated to be received are not counted until received.
Resources are defined as follows.
NOTE: Store specific gift cards are not counted as a resource.
NOTE: Do not count current month's income as a liquid resource in the month of receipt. Do not count the value of outstanding checks, as this money is not available to the EU. Enter the amount of the current month’s income or outstanding checks in the excluded amount field and CI (current month’s income) or OC (outstanding checks) in the excluded reason (Excl Rsn) field on the Liquid Resource (FMW0) screen.
Resources are entered on the following screens in FAMIS:
Client statement (CS) is acceptable verification for the Food Stamp program, unless the resource or value is questionable or the value is near the maximum. Questionable information would be information provided by the EU that is inconsistent with other information available.
EXAMPLE: If an applicant states on the application for benefits that s/he does not have a checking account and later produces a checkbook to list an expense, the statement is inconsistent with other information provided (the checkbook).
To pend for verification of a resource, leave the verification field blank.
Always review the Financial Resource Detail Summary (FMWG) screen prior to authorizing a case action to ensure the appropriate resources are included in the determination. From the Action Authorization (FM3H) screen, press F15=RESOURCE to view the Financial Resource Detail Summary (FMWG) screen. If the resource is incorrect, select the resource and press F6=DETAILS to return to the appropriate screen and correct the inaccurate information.
EU resource limits apply to all EUs, except for those EUs considered categorically eligible. Limits are:
The value of a non-exempt resource is its equity value. The equity value is the fair market value less encumbrances.