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Managing Personal Funds for Individuals
Introduction to Personal Funds
Opening Remarks 'Video' (1:11)
Getting Started with Managing Personal Funds
Definition & Understanding Personal Funds
OAC 5123-2-07
Handling Funds
ISP & Personal Funds Management
Responsibility of Providers
OAC 5123-2-07 Responsibilities
Funds Reconciliation and Retention Requirements
Notification Requirements
Example Ledgers
Personal Funds vs. Money Management
Personal Funds
Money Management
OAC 5123-9-20
Clear Boundary Guidelines
Reconciliation
Reconciliation Procedures
Maintaining Accounts & Other Funds
Mid-Review Checkpoint
Review and What to Expect Next 'Video' (1:02)
Misappropriation and Exploitation
Prevention and Consequences
Prohibitions
Reporting and Monitoring
Account Management
Setting Up Individual Accounts
Allocation of Interest
Account Management Procedures
ISP and Team Communication
Role of the ISP & Key Elements
Reporting to the Team
Conclusion
Overview of Managing Personal Funds
Final Takeaway 'Video' (1:21)
Content and Resources
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Setting Up Individual Accounts
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