The accounts receivable (AR) accountant establishes an individual savings account in IMPACT for a child when DFPS policy allows. Funds are transferred from the pooled regional checking account into the pooled regional savings account. Any remaining balance in a child’s portion of the checking account at the end of the billing cycle is placed in the savings account.

The pooled regional savings account is at DFPS’s contracted bank. Interest earned by this account is prorated to individual children who have a balance at the end of each reporting period.