Revision 01 (07-01-07 through 09-30-07) : FAA4 Financial Eligibility Factors
FAA4 Financial Eligibility Factors
 
Added FS EXCEPTION that financial accounts are NOT COUNTABLE for FS Categorically Eligible (Basic or Expanded) budgetary units. (Policy Broadcast 07-17, effective 06/01/07)
 
Added FS EXCEPTION that liquid assets are NOT COUNTABLE for FS Categorically Eligible (Basic or Expanded) budgetary units. (Policy Broadcast 07-17, effective 06/01/07)
 
Removed the CE Vehicle Use Code. (Policy Broadcast 07-17, effective 06/01/07)
 
Added FS EXCEPTION that other assets are NOT COUNTABLE for FS Categorically Eligible (Basic or Expanded) budgetary units. (Policy Broadcast 07-17, effective 06/01/07)
 
Removed definition of Categorical Eligibility. Revised to include FS Basic and Expanded policy and procedures. (Policy Broadcast 07-17, effective 06/01/07)
 
Added FS EXCEPTION that resources are NOT COUNTABLE for FS Categorically Eligible (Basic or Expanded) budgetary units. (Policy Broadcast 07-17, effective 06/01/07)
 
FAA4.G04E.01 – FS Student Eligibility-Employment
Removed the link to 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.H06 – Budgeting Child, Medical, and Spousal Income
Removed the link to 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I05 – Earned Income Verification – Overview
Removed the link to 30 Day Period Verification. Added Link to Income Verification. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I05B – 30 Day Period Verification – Overview
Removed subject for 30 Day policy. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I05B.01 – 30 Days Prior to the Date of Interview
Removed subject for 30 Day policy. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I05B.02 – 30 Days from the Date of Interview
Removed subject for 30 Day policy. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I05B.03 – 30 Days After the Date of Interview
Removed subject for 30 Day policy. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I05B.04 – 30 Days For Reported Changes
Removed subject for 30 Day policy. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I05B.05 – 30 Days After Reported Changes
Removed subject for 30 Day policy. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I05B – Income Verification
 
Added new subject for income verification. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06A – Projecting Income – Overview
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06A.01 – Projecting Income – No Changes are Anticipated
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06A.02 – Projecting Income – A Full Months Income Has Been Received
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06A.03 – Projecting Income – Zero Pay Periods
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06A.05 – Projecting Income – Changes Are Anticipated
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06A.07 – Projecting Income – Changes Are Anticipated – Changes in Rate of Pay
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06A.08 – Projecting Income – Changes Are Anticipated – Unusually High or Low
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06C.03 – Converting Income – Received Semi-monthly
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06D – Actual Income – Overview
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06F.02 – Budgeting Contract Income - Received More Frequently than Monthly
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06F.03 – Budgeting Contract Income - Received Hourly or by Piecework
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.I06K – Budgeting Income - Income Documentation Requirements
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.J06B – Annualizing Self Employment
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.J06E – Business Less than One Year
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)
 
FAA4.L04E.04 – Limited Utility Allowance
Clarified that separate billing statements are not required in order to be eligible for the limited utility allowance.
 
FAA4.L12D – Budgeting Child Support Expenses
Removed the 30 day period. (Policy Broadcast 07-08, effective 04/01/07)