If a family declares their assets are more than $1 million, follow up with the family to determine if all assets declared are countable.

Request verification of assets

Send the family a Memo requesting verification of their assets. Allow 15 days to provide verification. See Chapter 7.1 (Verification Due Dates).

Sample text:

You reported assets of more than $1 million. To get help with child care, countable assets must not be more than $1 million. For all family members, submit verification of:

CCAP will deny your request if countable assets are more than $1 million or if you do not submit verification.

Any form of verification is acceptable if it confirms the client’s statement. Do not demand a specific document or form of verification. When proof is not available despite the efforts of you and the family, get a signed statement from the family. See Chapter 7 (Verification).

When you receive verification, follow the guidance in Chapter 4.12.6 (Calculating countable assets) to determine the value of the family’s countable assets.

Countable assets do not exceed $1 million

Determine eligibility as usual if:

Send a Memo informing the family their countable assets are below the limit. Include the calculated value of their countable assets, and remind the family that they must report within 10 days if their countable assets go above $1 million.

Countable assets exceed $1 million or information not provided

Close or deny the family’s case if:

The case can be closed for these reasons at redetermination or during the 12-month eligibility period.

Legal authority

The Child Care Development Block Grant Act of 2014, Public Law Number 113-186
Federal Child Care and Development Fund, 45 C.F.R. § 98.20
Minnesota Statutes 256P.02, subds. 1a and 2