How often should a resident receive a financial statement?

The correct choice states that a resident should receive a financial statement quarterly and upon request. This frequency ensures that residents are kept informed about their financial standing and any changes that may impact them. Regular quarterly updates allow residents to monitor their accounts, budget accordingly, and address any discrepancies or concerns in a timely manner.

Moreover, the option of receiving financial statements upon request provides flexibility for residents who may want to review their financial documentation more frequently or who may have specific concerns regarding their financial situation.

While less frequent schedules like biannual or annual options would provide less timely information, and monthly statements could overwhelm residents with excessive detail, the quarterly approach strikes a balance that is both informative and manageable.