FREE RCFE Facility Management Questions and Answers

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The management of residents' financial resources must be done by a licensee.

Correct! Wrong!

It is not necessary for a licensee to manage a resident's financial resources. Usually, the residents themselves or their appointed financial agents are in charge of managing their cash resources. License holders are not obliged to manage residents' cash resources directly, although they may be in charge of offering advice or support in handling money matters.

A copy of a bond issued by a surety business with the State of California as principal must be on file with the licensing agency if a licensee is entrusted with protecting resident monetary resources. For a monthly total of $750 or less, the bond amount needed is ______.

Correct! Wrong!

The response of $1000 is accurate. The information provided states that a licensee must have a bond issued by a surety firm with the State of California as principal if they are trusted with protecting resident monetary resources. As mentioned in the inquiry, a bond of $1000 is needed for a monthly total of no more than $750.

An affidavit stating whether the licensee or applicant will be entrusted with the protection or control of people's monetary resources as well as the maximum amount of money to be handled for all people in a month must be submitted with the application for a license or when renewing an existing license.

Correct! Wrong!

The assertion made is accurate. Based on the available data, a license application or license renewal needs to be submitted with an affidavit. This affidavit ought to specify if the licensee or applicant is already or will soon be entrusted with the management or protection of people's financial resources. It should also specify the highest sum of money that will be managed for each person in a given month.

A licensee or staff member of a facility has the authority to take on the role of a resident's conservator or guardian, accept a resident's general or special power of attorney, act as a stand-in payee for payments made to third parties, and co-tenant on any account belonging to a resident.

Correct! Wrong!

It is generally forbidden for licensees or staff members of a facility to take on roles as conservators or guardians of residents, receive powers of attorney, act as replacement payees, or become joint tenants on residents' accounts. This is to protect citizens' welfare and financial stability and to avoid conflicts of interest.

Any gift that a resident gives to a licensee in cash or on their behalf that is valued more than ____ must be documented. This excludes presents of cash or goods from a deceased resident's friends or family.

Correct! Wrong!

Any present provided to a licensee by a resident or on their behalf that is monetary or has a value greater than $100 is required to be documented. This suggests that gifts worth $100 or more must be officially recorded. Presents or jewels from friends or family members of a deceased resident are exempt from this obligation.

All facilities must take the necessary precautions to protect residents' cash reserves, personal belongings, and valuables that have been given to the facility personnel or licensee. The licensee is required to provide the receipts for every item or financial resource.

Correct! Wrong!

The assertion made is accurate. It stipulates that all facilities must take the appropriate precautions to safeguard residents' financial resources, personal possessions, and valuables given to the facility personnel or licensee. The licensee must also give receipts for each of these products or financial resources. In addition to ensuring accountability, this protects the citizens' money and possessions.

A ledger accounting and receipts that are kept up to date and in chronological order are required for the records of residents' cash resources that are held as drawing accounts.

Correct! Wrong!

The statement is accurate because it's crucial to keep records current to guarantee accuracy and up-to-date information, to track transactions in a ledger accounting system, and to arrange receipts chronologically for a clear audit trail when keeping track of residents' cash resources as a drawing account. This makes appropriate financial management easier and aids in the efficient management and monitoring of cash resources.

Notices of scheduled activities must be posted in a central area that is easily accessible to residents, family members, and representatives of placement and referral agencies by facilities licensed for __ or more people. Copies must be kept up to date for six months.

Correct! Wrong!

Notices of scheduled activities must be posted in a prominent area that is easily accessible by residents, their families, and representatives of placement and referral agencies in facilities licensed for seven or more people. Important details regarding forthcoming activities and events at the facility are provided by these notices. Furthermore, copies of these notices are to be retained for six months as documentation.

The licensee, the resident, or the resident's agent, must conduct an initial inventory of personal property.

Correct! Wrong!

The statement is accurate as, based on the information provided, conducting an initial personal property inventory is the responsibility of both the licensee and the resident or the resident's representative. This implies that the licensee and the resident work together to compile an inventory of personal property.

Upon discharge, personal items must be turned in with a signed receipt from the resident or responsible party.

Correct! Wrong!

When personal property is turned in for discharge, it's crucial to get a signed receipt in order to maintain accountability and safeguard both parties. This receipt documents the transfer of the property and can be used as supporting documentation in the event that there are any future disputes or claims.

An appropriate theft and loss program must be made sure of by the licensee.

Correct! Wrong!

The licensee bears the obligation of putting policies in place to guard against loss and theft, hence the statement is accurate. This entails putting security measures in place, like alarm systems and surveillance cameras, and teaching staff members how to spot and stop theft. The licensee can reduce the possibility of theft and loss happening on their property by implementing a sufficient theft and loss program.

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