What is required upon request regarding resident accounts?

An itemized statement is required upon request regarding resident accounts because it provides a detailed breakdown of all transactions associated with the resident's account. This includes deposits, withdrawals, charges for services, and any other financial activities. Such a statement allows residents and their families to clearly understand how funds are being managed and utilized, fostering transparency and accountability in handling their financial matters.

Providing an itemized statement is particularly important in assisted living and residential care settings, where residents may have specific needs or concerns about their finances. This level of detail can help avoid misunderstandings or disputes over charges and is essential for ensuring that residents are informed about their financial standing.

In contrast, while a monthly summary can provide general information about account activity, it doesn't offer the same level of detail as an itemized statement. An annual report provides a broader overview and is typically not available upon request in the same immediate manner as an itemized statement. A transaction log may track individual transactions, but without the organization and accessibility of an itemized statement, it may not be as user-friendly for residents seeking clarity on their accounts.