§ 4-03 Savings Amounts and Adjustments.
RCNY § 4-03
(a)Beginning in the month following their enrollment in the program, program participants residing in a DHS shelter for single adults will receive a monthly savings statement, which shall include: (1) The program participant's deposit balance: (A) For participants using accounts held by DSS, this amount shall equal the sum of all funds deposited by the program participant to their client account to date, minus any amounts released to the program participant to date. (B) For participants approved to use their own commercial bank account, this amount shall equal the change in the participant's account balance between their enrollment in ISP and the most recent bank statement they have provided to DHS.
(2)The current month's savings request as calculated pursuant to subdivision (b) of this section, and the information on which such amount was calculated, including the program participant's earned income, any approved deductions to such income pursuant to subdivision (c) of this section, and the number of days in shelter during the current savings month; (3) The current amount due to be deposited: (A) For participants using accounts held by DSS, this amount shall be equal to the sum of any amount due in the previous savings month, the current month's savings request and any funds released to the program participant during the current savings month pursuant to 31 RCNY § 4-05(c), reduced by the sum of any deposits made during the current savings month pursuant to 31 RCNY § 4-03(d) and any one-time adjustments made during the current savings month, all of which shall be listed on the savings statement; (B) For participants approved to use their own commercial bank account, this amount shall be equal to the sum of any amount due in the previous savings month and the current month's savings request, either reduced by the difference between the balance in the client's account at the beginning and the end of the month, if the balance has increased, or increased by such difference if such balance has decreased, and further reduced by any one-time adjustments made during the current savings month, all of which shall be listed on the savings statement; and (4) For participants using accounts held by DSS, the date the amount is due to be deposited, which shall be no earlier than the twenty-fifth day of the month, and information on how to make a deposit, and for participants approved to use their own commercial accounts, information on how and when to submit a copy of their bank statement.
(5)Information on how to challenge the amount due and how to request a deduction to earned income or a one-time adjustment to the amount due pursuant to subdivision (c) of this section.
(b)DHS will calculate a program participant's savings request for any given savings month by taking thirty (30) percent of the program participant's earned income as of the last day of the savings month, subject to any deductions to earned income that have been approved pursuant to subdivision (c) of this section, and prorating it based on the number of days the program participant resided in a DHS shelter for single adults in that month. For example, if the program participant was in a DHS shelter for single adults for only one day out of thirty in a given month and no deductions to earned income have been approved pursuant to subdivision (c) of this section, the savings request will be 1/30th of 30% of the program participant's monthly earned income as of the last day of the current savings month. In this example, if a deduction to earned income had been approved pursuant to subdivision (c) of this section, the savings request would be 1/30 of 30% of the program participant's earned income after such deduction was applied.
(c)Program participants may request that DHS apply a deduction to the earned income used to calculate their savings requests or make a one-time adjustment to the amount due to be deposited. DHS will assess such requests for deductions to earned income or adjustments to the amount due for good cause on a case by case basis. If DHS approves a request to apply a deduction to earned income, DHS will determine for what period of time the deduction will apply based on documentation provided by the individual.
(d)If a program participant wishes to deposit more than the amount due in their client account, they may do so at any time. For participants using accounts held by DSS, any deposit amount in excess of the amount due will be deducted from the amount due the following month.
(e)Once enrolled in the ISP Program, program participants must report any changes in income within a timeframe and in a form and manner to be designated by DHS.
(f)The past amount due will be set to zero when a program participant has been out of shelter for thirty (30) consecutive days, regardless of whether the funds in their client account have been returned to them at that time, or whenever funds are released to the program participant pursuant to 31 RCNY § 4-05(b). (Added City Record 11/15/2019, eff. 12/15/2019)
