Reconciliation and reporting.

CFR · 2024-01-01 · US · Title 7

(a) (1) (i) Reconciliation of benefits posted to household accounts on the central computer against benefits on the Issuance Authorization File; (ii) Reconciliation of individual household account balances against account activities on a daily basis; (iii) Reconciliation of each individual retail store's SNAP transactions per POS terminal and in total to deposits on a daily basis; (iv) Verification of retailer's credits against deposit information entered into the automated clearinghouse (ACH) network; (v) Reconciliation of total funds entered into, exiting from, and remaining in the system each day; (vi) Maintenance of audit trails that document the full cycle of issuance from benefit allotment posting to the State issuance authorization file through posting to POS transactions at retailers through settlement of retailer credits. (b) (1) Information on how the system operates relative to its performance standards, the incidence, type and cause of system problems, and utilization patterns. (2) Retailer transaction data submitted to FNS on a monthly basis. This data must be submitted in the specified format in accordance with the required schedule. (3) Data detailing by specified category the amount of Program benefits issued or returned through the EBT (c) (1) Form FNS-46, Issuance Reconciliation Report, shall be submitted by each State agency operating an issuance system. The report shall be prepared at the level of the State agency where the actual reconciliation of posted

official document · source cfr-2024 · id 7:§ 274.4