Monthly Expense Tracking for Group Home Managers

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Questions and Answers

What is required to be completed each month for consumers who receive a monthly spending money?

  • Individual Expense Log (correct)
  • Receipt Verification Form
  • Monthly Financial Report
  • Group Expense Summary

What should be done with any money remaining from the monthly spending amount?

  • Donate to charity
  • Carry over to the next month and record on the next month’s Individual Expense Log (correct)
  • Return to the organization
  • Keep for personal use

What could be the consequence of failing to have the Consumer sign and acknowledge the monthly spending amount?

  • Extra spending allowance
  • Disciplinary action (correct)
  • Financial bonus
  • Incentive reward

How should purchases/expenses be recorded on the Expense Log?

<p>By date, vendor/store, item(s) purchased, and amount spent (C)</p> Signup and view all the answers

What is required to be attached on the back of the log and turned in at the end of each month?

<p>Vendor/Store issued receipts for purchases (A)</p> Signup and view all the answers

What must be documented when a soda is purchased from a machine for a consumer?

<p>The date, amount, and item on the Expense Log (A)</p> Signup and view all the answers

What must be done when cash is given to a consumer?

<p>Record the amount and have the consumer sign or initial on the Expense Log (A)</p> Signup and view all the answers

What is the process for obtaining a specific purpose expense?

<p>Submit a request to the Case Manager, who generates a Disbursement Request Form (B)</p> Signup and view all the answers

What must be done with the receipts and check stubs for a specific purpose expense?

<p>Return them to the Trust Fund Manager along with any unused funds (C)</p> Signup and view all the answers

According to the company policy, what actions are prohibited for TMS employees/contractors?

<p>Both A and B (A)</p> Signup and view all the answers

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