State of Michigan Nursing Home Administrator
Exam (Latest 2026/2027 Update) Complete
Questions and Guide Answers, 100% Verified
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15:1 ration RN/LPN/CNA
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1 PATIENT TRUST FUNDS 2 10) Surety Bond:
In a 100 bed Nursing Home Night
3 Fire Alarm System 2000 NEW 4
Saff
Don't know?
Terms in this set (189)
, PATIENT TRUST FUNDS
1) Policy: Must have a policy.
May state that the facility will not handle monies
in excess of $5,000.00.
The facility may charge a reasonable fee not to
exceed the ACTUAL COST of providing service.
2) Required Printed Information: This must be given resident upon admission.
A statement that the facility will handle personnal
funds if no other person is available.
Periodic statement of accounts (Minimum:
Quarterly)
3) Procedure: American Institute of Quarterly statements including all activity, (A-H)
CPA in easily readable form.
Written account of all personal funds held in trust
must be sent to the executor, administrator, rep
payee or next of kin within 10 DAYS OF THE
DEATH OF A PATIENT.
Account must be closed and balance sent to
resident within 3 DAYS OF DISCHARGE.
Access to Funds
4) Financial records: not less than two (2) hours during normal
business hours.
5) Petty Cash: during all normal business hours.
Exam (Latest 2026/2027 Update) Complete
Questions and Guide Answers, 100% Verified
Graded A+
Save
Practice questions for this set
Learn 1/6 Study with Learn
15:1 ration RN/LPN/CNA
Choose an answer
1 PATIENT TRUST FUNDS 2 10) Surety Bond:
In a 100 bed Nursing Home Night
3 Fire Alarm System 2000 NEW 4
Saff
Don't know?
Terms in this set (189)
, PATIENT TRUST FUNDS
1) Policy: Must have a policy.
May state that the facility will not handle monies
in excess of $5,000.00.
The facility may charge a reasonable fee not to
exceed the ACTUAL COST of providing service.
2) Required Printed Information: This must be given resident upon admission.
A statement that the facility will handle personnal
funds if no other person is available.
Periodic statement of accounts (Minimum:
Quarterly)
3) Procedure: American Institute of Quarterly statements including all activity, (A-H)
CPA in easily readable form.
Written account of all personal funds held in trust
must be sent to the executor, administrator, rep
payee or next of kin within 10 DAYS OF THE
DEATH OF A PATIENT.
Account must be closed and balance sent to
resident within 3 DAYS OF DISCHARGE.
Access to Funds
4) Financial records: not less than two (2) hours during normal
business hours.
5) Petty Cash: during all normal business hours.
