The facility must provide residents a full accounting of all monies held in trust _________.

Providing residents with a full accounting of all monies held in trust on a quarterly basis is essential for transparency and accountability in a facility. This frequency allows residents to receive timely updates about their financial assets, ensuring that they are informed about how their funds are being managed and any transactions that may have occurred.

Quarterly reporting strikes a balance between being frequent enough to keep residents informed without overwhelming them with information. It ensures residents have the opportunity to review their financial status regularly, enabling them to ask questions or raise concerns if needed. This practice is part of maintaining trust and upholding the ethical management of residents’ funds in care facilities, which is critical for fostering a positive resident experience and maintaining regulatory compliance.