What must a facility provide to a resident if they hold property for safekeeping?

When a facility holds property for safekeeping on behalf of a resident, it is essential to maintain transparency and ensure that the resident is well-informed about their belongings. The correct answer is the provision of a quarterly statement, which serves to keep residents updated on the status of their property. This statement would typically summarize all items held, any transactions related to the property, and the current condition or status of these items.

Providing this information at regular intervals, specifically quarterly, is crucial since residents need to be aware of what personal property the facility is safeguarding. It is a way to prevent misunderstandings and ensure accountability for both parties. In contrast, the other choices—annual report, statement of property, or monthly report—do not align with standard practices for keeping residents adequately informed on a regular basis. The quarterly frequency strikes a balance between being timely and manageable for both the facility and the residents.