Beginning October 1, 2016, all applicants for the Child Care Subsidy program cannot have resources that exceed $1,000,000. This policy change is in response to changes in federal law.
Workers must ask all child care applicants if they have resources that exceed $1,000,000 and document the client’s response in FACS case notes. Resources include but are not limited to liquid resources such as cash; financial institution account balances; certificates of deposit; stocks; bonds; and real property other than home property. The client does not have to provide proof of any resources; their declaration of value is sufficient.
When a client states that they have resources exceeding $1 million, the worker must use denial code “15 – Resources in excess of $1,000,000” to deny the child care application.