FMS Administrator Financial Training Part 2
Recorded April 26, 2023
Continuing from Part 1…
Family Managed Services (FMS) allows for an Individual, their family or a person close to the Individual to manage the delivery of services to the Individual. There are many responsibilities that go along with being an FMS Administrator. One of the key responsibilities is managing the financials, which include but are not limited to:
Arrange for the purchase and provision of services for the Individual being supported based on the PDD Outcome Plan and Schedule A of the agreement. Hire, supervise and pay employees or provide payment to an approved service provider upon receipt of services. Submit a monthly claim of expenses after the end of that month using the Online Claims Reimbursement (OCR) Portal. Maintain a separate bank account for PDD funds. Maintain and retain financial and program records relating to services provided for at least 10 years after the end or termination of the agreement. These records include: Documentation related to supports and services, including contact notes, support/service plans, reports, and/or assessments, bank statements for the separate account in which funds are deposited; expense receipts for any administrative and service delivery costs claimed; and payroll records including timesheets
Join us as we host Darryl Wilkie, Family Resource Specialist from STEPS Society of Red Deer as he goes through the financial process to help you become more comfortable with it.
